Incorporating is the first step to turning a business idea into reality. In Vietnam the process has been simplified considerably, but you still need the right documents and must meet legal–financial obligations after setup.
1. Choose a company type
The most common are Limited Liability Companies (single or multi-member) and Joint-Stock Companies. The choice depends on member count, fundraising needs and growth plans.
- Single-member LLC: owned by one individual/entity, simplest process.
- Multi-member LLC: 2–50 contributing members.
- Joint-stock: easier to raise capital, ideal if you plan to fundraise/expand.
2. Incorporation steps
- Prepare details: company name, registered address, business lines, charter capital, legal representative.
- Draft & file the business registration dossier with the DPI.
- Receive the Business Registration Certificate & tax code.
- Make the company seal and publish the seal sample.
- Open a bank account, register a digital signature & e-invoices.
- Initial tax declaration & start operating.
3. Documents to prepare
- Business registration request form.
- Company charter.
- List of founding members/shareholders.
- Copies of ID of the representative & members.
- A valid registered address (a registered virtual office works).
Tip: The registered address must be valid for business registration. The Times Zones Virtual Office provides a registered address, mail handling and signage — saving on office rent.
4. Cost & timeline
Processing usually takes 3–5 business days for a valid dossier. Costs include state fees, seal, digital signature and e-invoices. A full-package service avoids errors and saves time.
5. After incorporation
- Periodic accounting & tax filing (monthly/quarterly/annual).
- Maintain the digital signature & issue compliant e-invoices.
- Comply with insurance, labour and related obligations.
Times Zones full-package support: company formation from 1,500,000₫, accounting–tax from 1,500,000₫/month, digital signature + e-invoices from 2,500,000₫/year — plus a registered address & workspace.