Choose the company type
suitable for your business

No. Private enterprises are not allowed to contribute capital for business establishment or purchasing shares/capital contributions in partnerships, limited liability companies, or joint stock companies.

Yes. When deciding to do so, SLLCs must carry out procedures for converting business types into multi-member LLCs (two or more), or joint stock companies (JSCs).

Up to 50 members.

Here is the structure for naming companies: "Type of business" + "company is proper name". You should do a quick search at the National Business Registration Portal in advance to check whether you intended name is already used by others or can lead to confusions.

To avoid confusion or duplication, you should add elements of business lines in your company names. For example, if "Thang Loi Co., Ltd." is already taken, you can add information describing your business, changing it into " Thang Loi Imported American Goods Distributors Co., Ltd.".

Sources for searching company names are varied; however, a reliable information source is the National Business Registration Portal: https://dangkykinhdoanh.gov.vn

According to Clause 1, Article 6 of the 2014 Law on Housing, using an apartment with non-residental purposes is prohibited. Therefore, businesses cannot establish their office addresses at apartment buildings.

For business establishment in Vietnam, you do not need tenancy contracts. Instead, you must guarantee that the head office you register for business is under the company is legal ownership/use rights and is properly used in accordance with the law.

There are some business lines not allowed to perform business at the headquater, such as: producing fertilizers, chemicals, paints, and cosmetics; printing; and selling raw materials as they will negatively affect nearby residential areas or neighborhoods.

As stipulated in Article 7 of the 2014 Law on Enterprises, enterprises are "free to perform business in lines not prohibited by the law". However, the Law on Enterprise also states that enterprises have to notify the Business Registration Agency on any changes regarding their business lines within 10 days. Therefore, enterprises still have to fully register their business lines if they want to perform related business activities.

They are lines in which business registration must meet some specific requirements as set by respective Regulatory Agencies, depending on specific characteristics of each field.

Currently, Vietnamese business line codes system is specified in Decision No. 27/2018/ QD-TTg. For more convenient search, you may access the National Business Registration Portal (dangkykinhdoanh.gov.vn), and look for "enterprise search" section to look up business codes online.

No. There are some organizations/individuals that do not have any rights to set up or run businesses (meaning they cannot be business owners) in Vietnam - according to Clause 2, Article 18, the 2014 Law on Enterprises.

No. As regulated in the 2014 Law on Enterprises, "any individuals under 18 are not allowed to establish and manage businesses". This means, those under 18 years old cannot set up a company on their own (they are not considered adults).

Yes. Limited liability companies and joint stock companies may have one or more legal representatives. The number of legal representatives of a business, their managerial positions, rights, and obligations are specified in the company charter.

Yes. As stipulated in Article 35 of the 2014 Law on Enterprises, capital contribution assets can be Vietnamese Dongs, freely convertible foreign currencies, gold, value of land use rights, value of intellectual property rights, technologies, technical know-hows, and other assets that can be valued in Vietnamese Dong.

Yes. According to Article 35 of the Law on Enterprises, individuals/organizations can contribute capital through technologies or technical know-hows.

As regulated in the Law on Enterprises 2014, if contributed assets are not Vietnamese Dongs, convertible foreign currencies, gold but are in the forms of technologies, they must be quoted and expressed in Vietnamese Dong by company members, founding shareholders, or professional valuation organizations.