Vietnam Company Establishment Costs

Vietnam Company Setup Fees and Business Registration: A Complete Guide When doing business in Vietnam, it is crucial to understand the company establishment fees and business registration procedures. This is not only about your business expenses, but also about the legality and compliance of your business in Vietnam. This article will provide you with a comprehensive guide to learn about company establishment costs and business registration in Vietnam. Company establishment fee composition In Vietnam, company establishment costs include many aspects, mainly the following items: Registration fee: used to pay government fees related to industrial and commercial registration and company registration. Lawyer fees: If you hire a law firm to assist in company establishment, you need to pay the corresponding lawyer fees. Translation and notarization fees: You need to translate relevant documents into Vietnamese and have them notarized, which will involve certain fees. Articles of Incorporation Fees: There may be additional fees for drafting and registering Articles of Incorporation. Business registration procedures Business registration in Vietnam is mainly divided into the following steps: Company name approval: First, you need to submit a company name pre-approval application and ensure the uniqueness of the name. Prepare documents: Prepare relevant documents, including company articles of association, investor identity certificate, legal representative identity certificate, etc. Submit application: Submit the prepared documents to the local industrial and commercial bureau or investment planning department. Review and registration: The relevant departments will review your application and issue a business registration certificate after passing the review. Example of company establishment fees Company formation fees vary depending on the type of company and scope of business. Generally speaking, the cost to set up a small limited liability company is about US$1,000 to US$2,000, including various expenses. How to save costs To save on company establishment costs, consider the following: Prepare documents by yourself: You can prepare the documents required for company establishment by yourself and reduce legal fees. Choose a simplified process: Choose a simplified company type and business scope to reduce establishment costs. Compare attorney fees: Compare with different law firms and choose an attorney with reasonable fees. It is extremely important to understand the company establishment fees and business registration procedures in Vietnam, which are related to the legal operation of your business in Vietnam. Chenglin Innovation Co., Ltd. Law Firm can provide you with professional legal support and help you successfully complete company establishment and industrial and commercial registration. If you require further information or legal advice, please feel free to contact us. Through the above information, we hope that you can have a clearer understanding of the company establishment costs and business registration procedures in Vietnam, so as to prepare for your business development in Vietnam.