Process of registering a company in Vietnam:

1. Company name verification: Please confirm the name of the company to be registered. It can be used after checking that there is no duplicate name;

2. Determine the identity and shareholding ratio of shareholders, provide personal identification and contact information, and sign a commission registration contract;

3. Sign a complete set of company registration documents (submitted to the Vietnam Company Registry);

4. Apply for investment license with legalized documents in Vietnam (15-20 working days)

5. Apply for business license (5-7 working days)

6. Apply for a tax number, open a bank account, and start business.

Tips: Weather a foreign company/individual invests in Vietnam to set up a factory or company, they can use the following three methods

1. Directly set up in the name of a foreign company or individual;

2. Indirectly set up through a holding company (single-layer holding);

3. Indirectly set up through two holding companies (double-layer holding).

Currently, most foreign investors use the second and third methods to invest in Vietnam or abroad to facilitate tax planning for the parent company.

Conditions for registering a Vietnamese company:

1. Company name: no duplicate name found after checking, Chinese cannot be used;

2. Directors and shareholders: legal person or natural person can be selected;

3. Legal representative of Vietnamese company: must be over 18 years old, no limit;

4. Registered capital: the amount is determined according to the type of company, and the actual capital contribution must be in place within 90 days after the issuance of the business license.

Tips: There are no restrictions on the total investment and registered capital of foreign-funded enterprises in Vietnam, but the legal capital shall not be less than 30% of the investment amount. For encouraged and large-amount investment projects, the legal capital is allowed to be reduced to 20% of the investment amount. In actual operation, it is recommended to register a minimum of US$100,000 (approximately NT$3.1 million/RMB 710,000). If it is less than US$100,000, the local government generally will not approve it.