F.A.Q

Yes, a foreigner can fully own and open a company in Vietnam. Most business sectors are open to foreign investors without requiring a local partner. However, some specific industries may have restrictions or require additional licenses. The process includes obtaining an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC). Foreigners can register a 100% foreign-owned company, and there is no requirement to have a local shareholder or director unless the business field specifically demands it. https://www.youtube.com/watch?v=vDBKpam1CJQ&t=13s

1. Prepare the investment project Define business activities, proposed capital, and company structure. 2. Apply for the Investment Registration Certificate (IRC) Issued by the Department of Finance (DOF) under the new administrative structure, typically takes 20 working days. 3. Apply for the Enterprise Registration Certificate (ERC) This is the company’s legal business license, issued within 5–7 working days after the IRC. 4. Create company seal and register tax code Includes company stamp, tax number, and digital signature token. 5. Open a capital bank account Required for charter capital injection. 6. Contribute charter capital Must be completed within 90-180 days from ERC issuance 7. Register for e-invoices and tax declaration Set up electronic invoices, VAT/NIL declarations, and accounting procedures. 8. Apply for industry-specific licenses (if applicable)

There is no official minimum charter capital for most business sectors in Vietnam. However, the capital must be realistic and sufficient to cover the planned activities of the company. Authorities may reject an application if the declared capital is too low for the business type. Key points: • For consulting or trading companies, $7,000–$10,000 is usually acceptable. • For businesses requiring physical premises or licenses (e.g., education, F&B), higher capital may be expected. • Charter capital must be fully contributed within 90 days after company registration. • The capital must be transferred from the investor’s account to the company’s capital bank account in Vietnam.