Large business setup in Vietnam
Launching a corporation requires thorough preparation and effort, with specific obstacles and factors to consider. Let’s explore the benefits of starting a large company in Vietnam and how our tailored solutions can help ensure your success.
The process of setting up a large business
Starting a big business in Vietnam is like starting a small or medium-sized business, but it generally takes longer and requires more resources due to its size and complexity. The procedure involves:
Choose a business name
The name of the business must be one-of-a-kind and not currently being used. You can verify the availability of a name on the Vietnam Trade Registry’s website.
Select legal entity type
Choosing the right legal framework is crucial for the prosperity of your sizable company. To assist you in making a knowledgeable choice that fits your particular needs and long-term goals, we offer expert advice on Limited Liability Company (Cty TNHH), Joint Stock Company (Cty CP), Branch Office, Holding Company.
Set up legal address
It is crucial to have a formal address when initiating a business, as it acts as the primary point of contact for government entities, legal officials, and crucial business communication. Selecting a legal address that complies with local laws and aligns with your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing process on your behalf.
Open a bank account
We will help you with the process of opening a bank account, making sure the company follows the regulations and selecting a reputable financial institution for your account in Vietnam.
Company registration
We take care of the registration process with entities such as the Trade and Companies Register and tax authorities, ensuring that your business is legally recognized and compliant from the beginning, thereby reducing your administrative workload.
Setup accounting
In order to have a successful launch of a major business, it is crucial to keep precise financial records. Our accounting experts can assist in setting up efficient accounting and bookkeeping procedures that adhere to Vietnam’s regulations.
Large business examples
Large companies work in a variety of industries and sectors, each with their own unique requirements. Here are some examples of large companies:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Vietnam
Vietnam is an attractive location for establishing large businesses, providing numerous benefits:
Strategic location
Vietnam provides a prospering economy and openings in manufacturing, technology, and services for companies seeking opportunities in a lively and changing market. With its youthful and educated labor force, advantageous location in Southeast Asia, and government efforts to encourage investment and growth, Vietnam offers various benefits for businesses aiming to set up a foothold in the region.
Favorable tax regime
Vietnam offers a corporate income tax rate of 20%, along with incentives for investments in specific industries and regions. Due to its expanding economy and strategic positioning in Southeast Asia, Vietnam is seen as an appealing choice for businesses.
Banking
Vietnam’s banking strengths consist of a flourishing economy, stability, and prospects for investment, making it an ideal destination for individuals in search of banking and financial services in a vibrant and advancing market.
Our Large business setup solutions
We understand that your time and resources are valuable. That is why we offer two convenient options to make the process of company formation easier.
Business formation online
With the online platform offered by Vietnam, individuals can start and finalize the process of setting up a business from any location. The capacity to track advancement, submit necessary paperwork, and access our services via secure digital platforms guarantees a seamless and convenient experience.
Business formation remotely
If you want a more hands-off approach, we can take care of all the necessary paperwork for you. Our team of professionals will handle the formalities, complete all the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.