Setting up a company in Vietnam is more than completing a registration procedure. Before starting the process, foreign investors should understand the broader business and compliance requirements.
Here are five areas to consider.
1. Start with the right business model
Before applying for a license, clarify what you actually want to do in Vietnam.
Your business activities, target customers, investment structure and operating model can affect the appropriate setup and licensing requirements.
2. Check licensing and business lines carefully
Different activities may have different licensing or market-access considerations.
It is important to identify the intended business activities and relevant requirements before submitting the application.
3. Plan accounting and tax from the beginning
Company establishment is only the beginning.
After establishment, the company may have accounting, tax reporting, VAT, CIT, PIT and other compliance responsibilities.
Understanding these obligations early can help investors avoid unnecessary problems later.
4. Think about HR and payroll
If you plan to hire employees in Vietnam, you should consider employment contracts, payroll, personal income tax and social insurance requirements.
If you plan to bring foreign employees to Vietnam, visa and work permit matters should also be considered.
5. Think beyond company formation
A company may receive its license, but the business journey continues.
Foreign investors may need ongoing support with tax, accounting, HR, payroll, immigration, compliance, recruitment and other local matters.
At VIETNAM MANUAL, we support foreign investors at both the pre-establishment and post-establishment stages.
Business Model → Licensing → Accounting & Tax → HR & Payroll → Visa & Work Permit → Compliance → Local Support
Getting the foundation right can make the journey much easier.
VIETNAM MANUAL – Your Partner for Doing Business in Vietnam.
If you are considering setting up a business in Vietnam, let’s have a coffee and discuss your plan. ☕🇻🇳