Investment Registration Certificate and Enterprise Registration Certificate. the exercise certificates of directors or associates. Investment registration and Enterprise registration certificate in Vietnam ; Investment registration and Enterprise registration certificate in Vietnam. It depend on specific business activities and location of the company to be setup in Vietnam… VietnamCredit is the first company in Vietnam to provide information on companies and industries . Preparation for Company Registration Delays are often encountered where the required preparation has not been completed. A joint stock company in Vietnam is the only business form allowed to issue shares. Companies in Vietnam must also get a business registration certificate … In practice, the time duration would be lengthened due to the time for preparation of documents from investor, getting them notarized, legalized and authenticated before being accepted in Vietnam. Company Registration Services in Vietnam Foreign investors can form several kinds of legal entities with a Limited-Liability Company (LLC) and a Joint-Stock Company (JSC) being the most popular choices … Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. Authority (“SIRA”), which will issue them investment registration certificates (“IRC”). ENTERPRISE REGISTRATION CERTIFICATE (ERC) DEFINITION. You’ll need approval from the Department of Planning and Investment (typically in the form of an Investment Registration Certificate, IRC) for your project in Vietnam, and then an Enterprise Registration Certificate … For foreign companies investing in Vietnam for the first time, they must be surprised by the investment procedures as well as the licenses required to start operations. Vietnam Business Culture: What You Need To Know. The IC is the official license allowing foreign investors to carry out business activities in Vietnam. BBCIncorp is always willing to help! Copy of a document proving the investor’s ability and financial capacity; Copy of a document showing the investor’s right to use the land used for carrying out the investment project; Business Corporation Contract if the investment project involves such contract. If the registered capital on the business registration certificate or investment certificate is in a foreign currency, then the registered capital amount will be converted into Vietnamese Dong in … An investment authority can only issue an ERC to an enterprise when they fulfill the following requirements: The investment registration certificate with its acronym IRC is an e-document with the information of the registered investment project. In this article, Cekindo will provide you with some legal insights into obtaining the certificates. According to ‘Doing Business Report 2019’ article of the World Bank, the time-period for starting a business in Vietnam … » Cafe€redit » business registration certificate vietnam Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration … Start a business in Vietnam Sample of Enterprise Registration Certificate. Subsequently, the agency shall examine your application within 3 working days (from the application receipt date). Startup Consultancy | Invest in Vietnam – … Especially, for businesses operating in the printing industry, one of the conditional business lines in Vietnam, it is important to know the procedures for investment registration, business registration … Valid Business Registration Certificate. Learn more on how it differs from a traditional physical office! Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration ( with the content of exclusive business registration). First of all, you must obtain an investment registration certificate from the... #2 Business registration … Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial level State Business Registration Authority (“SBRA”). Still uncertain about doing business in Vietnam? With several specific sectors, after setting up the company, the company shall be also required to obtain sub-license for officially operating. District business registration office or Finance/Economic Division at the District level-if business is a household business; Validity of the License and application fee. However, the Business Registration Agency has the right to accept or refuse such request. business in Vietnam. For each procedure, a summary indicates what are the institutions involved, the expected results, the requirements and the legal justifications. Then, the stamp need to be posted to National business registration portal to legalize your seal. Decree 1 affirms the business registration number of a company is also the company’s tax code, and furthermore, be the company’s number for units participating in the social insurance system; The … Foreign business entities doing business in Vietnam are subject to foreign contractor tax. As a foreign investor in Vietnam, after being approved to establish a wholly foreign owned company, the competent authorities will issue 2 certificates for the investor, namely Investment … Name, permanent residence address, nationality and legal identification document (identity card for … Renewal of Business Registration. 1.2. Investment laws & industry-specific regulator guidelines. An investor must first engage in an investment project and prepare an application dossier (file) to apply for an Investment Certificate (IC), which is also considered to be the business registration for the enterprise. After forming conditions. Cekindo is your top choice for your business registration certificate, be it investment registration certificate or enterprise registration certificate, in Vietnam because of our years of experience and expertise as a legal and business consultant. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Enterprise registration certification is the must-have certificate when you set up a business in Vietnam. Below is a sample of an Investment Registration Certificate: Overview of Enterprise Registration Certificate in Vietnam. In order to operate a foreign company in Vietnam with 100% ownership, you will need to acquire two certificates from relevant authorities: investment registration certificate and enterprise registration certificate. How to set up a company in Vietnam is a matter of concern to many foreign investors. The Vietnam Certificate of Incorporation is issued by the Business Registration Department and we can provide a registry copy of the company incorporation certificate. formId: "e965f18b-dd3a-40e0-9d39-53871d55bdd1", International investors are obliged to obtain an Investment Registration Certificate (“IRC”) from the municipal/provincial Department of Planning and Investment (“DPI”) in relevant provinces in Vietnam. Find the advice of our lawyers specialising in business law in Vietnam. If you want a reliable certificate registration service that gets the job done with no hassles, Cekindo is the right one for you. An investment registration certificate, commonly abbreviated as IRC is an electronic or printed document issued by a Vietnamese government only to foreign investors who wish to invest in Vietnam via the … The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Our Client signs Healy Consultants Group PLC’s engagement letter and returns the original to our Singapore Head Office. Vietnam Company Documents As company incorporation agents our experience and relationship with the Business Registration Department of Vietnam means, we can obtain registry copies of company documents and conduct comprehensive Vietnam company searches… Pre-INCORPORATION advisory. The Investment Registration Certificate is granted first since it is the prerequisite to obtain the Business Registration Certificate. In general, foreign investors should pursue two main certificates, which are Investment Registration Certificate (IRC) and Business Registration Certificate (BRC) / Enterprise Registration Certificate (ERC). Emerhub’s company registry in Vietnam is easily accessible, and it takes only one working day to receive the requested reports. Market entry advice. Should you have any questions about any business registration certificate in Vietnam, please do not hesitate to contact us! Our minimum rate is 4,000USD. Having the license guarantees the operation of the new company include: Certificate … How to set up a manufacturing company in Vietnam #1 Investment registration certificate. After forming conditions. Vietnam Credit Information Joint Stock Company. Tax Losses . Likewise, the processing time may take a few weeks (around 15 days) but it might take a longer period if your business investment needs additional approval from higher-level government agencies. This certificate acts as a piece of evidence proving your business is officially formed in Vietnam with approval from the government. Having the license guarantees the operation of the new company include: Certificate of base warranty, maintenance of cars Tax and other requirement. Guide to Hiring: Basic Terms of Employment Contract in Vietnam, Details on parties, obligation, working hours, wages (higher than minimum wage in Vietnam) and other benefits must be included in an employment contract in Vietnam. Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. Vietnam company registration is time consuming, though GBS will normally complete the tasks within ten weeks. How to access company registry in Vietnam. You must ensure that your business activities are not prohibited in Vietnam and that the name given to the company complies with the provisions of Vietnamese law. Applying for an investment registration certificate. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial-level State Business Registration … The items stated below are the details of company registration procedure in Vietnam: The registration process used to take a long time. Key highlights include business restrictions, needed documents, and associated costs. Readers are given critical information may affect your money while doing business in Vietnam. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Below is a useful guide to how to start a business in Vietnam as a foreigner. Business Registration Certificate Joint Stock Company. Vietnam Certificate of Good Standing. 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate … An investment project is a set of proposals on using medium or long-term capital to conduct investment activities in a specific geographical area within a specific period of time. Vietnam virtual office is an emerging trend for business people investing in Vietnam in recent years. Online Business … Parent Category: About PCB >> About us 11 / 03 / 2015. Business Registration Certificate Joint Stock Company. This certificate can be seen as proof showing your business is officially formed in Vietnam with approval from the government. Also, please remember that the above papers are only standard documents. According to the Law on Investment, an investment registration certificate is a document (can come under electronic form) that acknowledges the information on an investment project registered by an investor. 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate of Origin and some other sub-law documents. The corporate income tax rate in Vietnam is 20% currently. 2019 by Cekindo / Last update on 2.12. The application may require more documents depending on your business activities and investment. However, there must be a business registration proposal containing the following information: The process of company establishment, including obtaining this business registration certificate in Vietnam, follows the regulations in Decree No.78/2015/NĐ-CP on enterprise registration. There are four key considerations: 1) Clarify your Business Lines and Scope Vietnam’s accession to the WTO required that the nation opened its economy to foreign investment in a wide range of business lines. Here is a complete guide for foreigners to open a bank account for both individual and enterprise. National Business Registration Information Portal; Agency for Business Registration; Business Registration Supporting Center; Business Registration Offices; Vision – Mission – Core values; Business Registration Reform; Public Services. The article has showed you the best ways to verify whether the business registration certificate of a Vietnamese company is legitimate or not. Hotline: +(84) 28 3931 22 66 Making a company seal is one of most important steps when you set up business in Vietnam. You must apply for an enterprise registration certificate in order to form your business in Vietnam. Business registration certificate of the branch and representative office will be withdrawn in three circumstances: (i) contents in the dossier registering business of branch and the representative office is counterfeit, (ii) branch or representative office stop operating for a year without notification to Business Registration Agency; or (iii) upon the court’s decision or … For investment projects that are subject to investment policy decision, once the investment authority has received the investment policy, they have to issue the investment registration certificate to an investors no more than 5 business days. You are deemed to have consented to our cookies policy if you continue browsing our site. Home About PCB About us Business Registration Certificate Joint Stock Company. In some cases, this tax can be seen as withholding tax in Vietnam. Vietnam business registration summary. company formation and business registration agency, How to Set up a Business in Vietnam in 2021, Minimum Capital Requirement in Vietnam For Foreign Companies, Important Things to Consider before Selling a Business in Vietnam, How to Open an Outlet in Vietnam: A Guide for Foreign Investors, How to Start Selling Food Products without Registering a Company in Vietnam, A Guide to Partnership Registration in Vietnam, An Introduction to Processing Contract in Vietnam, The business name is in compliance with Vietnam Law, Enterprise registration documents are complete, The enterprise registration fee and other charges are paid in full, The founder or the authorised individual has to submit a complete registration dossier to the registration agency, The registration agency will check if the submitted documents are complete and valid in 3 days, If the application is refused, a notification in writing will be sent to the founder or the authorized person with reason and requirements stated, In addition, all foreign companies in Vietnam must also meet other specific conditions under Investment Law and Enterprise Law. Application for an Enterprise Registration Certificate in Vietnam, 2. portalId: "1804570", The business line or sector in which the enterprise registers is not banned; All the fees have been paid according to the law’s regulations; The business name satisfies all of the criteria according to the law’s regulations. 5. The business name does not contain words or symbols that go against Vietnam’s historical traditions, culture, morality and customs. Cekindo Business InternationalShark building - 3rd & 8th Floor29 Nguyen Van Mai StreetWard 8, District 3Ho Chi Minh City 72408, Vietnam +84 28 3535 0019 vietnam@cekindo.com. Vietnam Foreign Contractor Tax: What Is It and How to Pay? We will handle the entire registration process and submit the dossier on your behalf so that you don’t have to think about this part of investing in Vietnam. Searching of Company Information on Vietnamese National Business Registration Portal After addressing the National Business Registration Portal, Enter tax code / business code into the search … css: "" Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. There are 3 rates for different types of products and 2 methods to calculate Vietnam value added tax. An investor must first engage in an investment project and prepare an application dossier (file) to apply for an Investment Certificate (IC), which is also considered to be the business registration for the enterprise. Business households: 30.000 VND; Private enterprises, Partnerships: 100.000 VND Post-registration … If you are a foreigner who wishes to establish your own business in Vietnam, there are two very important types of business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Tax losses of business establishments may be carried forward fully and consecutively and offset against the profits of subsequent years for a maximum of five years. Thus, it is very necessary for you to know in-depth what the differences between the two certificates are, when and how to apply for each type, so that you do not accidentally mess up your legal process of incorporation in Vietnam. When foreign investors own at least 51% of charter capital of the investment projects, the investment registration certificates become mandatory. Opening a bank account for foreigners in Vietnam isn’t that hard. Almost all businesses in Vietnam need to register for VAT. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. To set up in Vietnam, foreign investors must obtain an investment certificate/license and carry out a company registration process. These certificates are presented in Vietnamese. The required documents vary according to the types of business to be registered. Let’s explore key highlights of this culture! Enterprise registration certificate, also known as ERC, can be a soft copy or a hard copy file containing information of enterprise registration. Business cooperation contract; amendment of investment certificate, company re-registration and conversion; Procedures are detailed step-by-step, from the user's point of view. However, the government offers lower tax rates and also tax exemptions to some enterprises. Overview of Investment Registration Certificate in Vietnam. The commencement date of operation – Decree 1/2021 allows enterprises to start their business after the issuance date of the enterprise registration certificate … Business in Vietnam: Investment Registration Certificate The investment registration certificate with its acronym IRC is 1.1. It is not necessary for our clients to visit Vietnam to complete Vietnam company registration, … The reason is that, back then, an investment registration certificate in Vietnam can also act as an enterprise registration certificate, according to the Law on Investment published in 2005. If it is approved, the agency will grant you an enterprise registration certificate. Particularly, an investment registration certificate in Vietnam contains the following information: Normally, in order to apply for an investment registration certificate in Vietnam, you need to submit the following documents to a business registration agency* (a part of Vietnam’s Department of Planning and Investment): *If your investment project is located in industrial zones, export-processing zones, hi-tech zones or economic zones, then the management boards of these zones will be responsible for issuing an investment registration certificate to you. Document will be sent to your email shortly after successful submission. Requirements for an Enterprise Registration Certificate in Vietnam, 1.3. Long ago, from 2005 to 2014 to be exact, you only needed to apply for an investment registration certificate when registering your company in Vietnam. Find out key features of this type and how it is different from an LLC in Vietnam! "Business" Required to be Registered and Application for Business Registration. According to Article 4 of the Law on Enterprises, an enterprise registration is a hard-copy or soft-copy document containing information about a company establishment issued by the government’s business registration agency (a part of the Vietnam’s Department of Planning and Investment). From 2015, under the effect of the Law on Enterprises and new amended Law on Investment, foreigners when opening a company in Vietnam need to obtain both certificates separately. Duration as indicated on the business registration certificate. How To Set Up A Company In Vietnam for 2021. Particularly, an enterprise registration certificate in Vietnam contains the following information: Your enterprise shall be granted a certificate of enterprise registration when meeting all of the conditions below: As for the application documents, they vary depending on the type of business to be registered. The most updated business and financial news on Vietnam Economy with facts & figures will be covered. … The registration records indicate that LLC’s are the most common type of companies to be incorporated. Below are key highlights of this business structure! A limited liability company in Vietnam is considered to be the most popular type of business entity in Vietnam. (except cases of establishing SMEs being innovative start-ups or start-up investment funds in relation to the SMEs support program under Vietnam laws, effective from 2021). 1. CONTACT. However, things have changed. Set up and manage your oversea company across the globe, Open corporate bank accounts in offshore financial centers and leading financial hubs in Asia, Fulfill annual reporting requirements with outsourced accounting and auditing activities, Start receiving online payments with a merchant account, Enhance your business image with a mailing address in prime locations, Make informed decisions with news and insights. However, it has been made possible by hours given that the applicant provides all required information: It is advisable that you engage a trustworthy company formation and business registration agency for the certificates registration in Vietnam. © 2020 Cekindo Business International, Ltd. We use cookies to improve and customize your browsing experience. Certificate of Investment Registration; Certificate of Enterprise Registration. With this report, you will acquire copies of the Business Registration Certificate/ Enterprise Registration Certificate and the Articles of Association/Charter of Company. Business registration certificate or enterprise registration certificate. Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. Get in touch by filling in the form below. Within 15 working days from the date of receipt of a complete and valid dossier, the competent authority shall grant the investment registration certificate for investors. With several specific sectors, after setting up the company, the company shall be also required to obtain sub-license for officially operating. In addition, according to the 2019 Doing Business Report by the World Bank, the outlook for setting up a business in Vietnam is becoming better and better due to its improved investment transparency and other initiatives for unceasing development. Business Registration Certificates for 3 Years. Then, the investment registration authority must issue the investment registration certificate to the investor within 15 business days upon the receipt of the valid application. Company registration in Vietnam has seen tremendous growth over the past few years. It depend on specific business activities and location of the company to be setup in Vietnam. Application for an Investment Registration Certificate in Vietnam, ​Room 9, 4F, Beverley Commercial Centre, 87-105 Chatham road South, Tsim Sha Tsui, Kowloon, Hong Kong, 2 Essential Business Registration Certificates in Vietnam for Foreigners. 2.1. 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