New business setup in Vietnam
Vietnam, strategically positioned in Asia, is gaining popularity as a top choice for entrepreneurs looking for stability and expansion. Explore the necessary steps, advantages, obstacles, and legal alternatives for initiating a business in Vietnam. Additionally, we offer efficient solutions for setting up a business smoothly through online and remote processes.
Formalities and procedures
We offer a range of services to assist you at every step and ensure you meet all the criteria.
Business planning
Before starting the process of forming a new business, it is essential to conduct comprehensive market research and corporate planning. We assist in developing a detailed business plan, analyzing market trends, identifying your target market, and evaluating the competitive landscape.
Choose your legal structure
Vietnam provides a range of legal entities for new businesses to choose from, such as Limited Liability Company (Cty TNHH), Joint Stock Company (Cty CP), Branch Office, Holding Company, and others. The decision on which type to choose depends on factors like the size of the company, ownership structure, and liability preferences.
Reserve a company name
Choose a one-of-a-kind and easily recognizable name for your business and make sure it is not already taken by checking the Commercial Register.
Set up legal address
Having a proper legal address is essential when starting a new business. This address is used by government agencies, legal authorities, and for important business correspondence. It is vital to choose a legal address that follows local laws and suits the needs of your business.
Draft articles of association
Our team of experts aids you in creating precise and thorough articles of incorporation customized to fit your selected legal structure. We guarantee that all legal obligations are fulfilled and manage the submission process for you, saving you time and energy.
Registration
We handle the registration process with the appropriate authorities, such as the Vietnam Trade and Companies Register and tax authorities, to relieve you of the administrative burden. This guarantees that your new business is legally recognized and compliant right from the beginning.
Open a bank account
Get help from our team of experts in opening a business bank account in Vietnam to streamline financial transactions.
Setup accounting
It is vital to maintain accurate financial records when launching a new business. Our accounting experts can help establish effective accounting and bookkeeping practices that comply with Bosnia’s regulations.
New business examples
There is a wide range of businesses, each with unique requirements and contributions to the economy. Whether it’s a small local coffee shop or a large multinational company, having knowledge of the market can assist aspiring entrepreneurs in spotting potential opportunities. Let’s explore potential new business ventures across various scales:
Small businesses
Launching a small enterprise can be both thrilling and difficult, with a significant impact on the community’s economy. Some instances include neighborhood cafés, e-commerce stores for handmade goods, pet grooming parlors, and independent web design services.
Medium businesses
Medium-sized businesses, such as regional stores, software companies, event planners, and fitness studios, have a larger customer and employee base compared to small businesses. Despite this, they have not yet grown to the scale of large corporations.
Large businesses
Multinational corporations, airlines, car manufacturers, and retail giants hold significant power in their respective industries due to their extensive resources, large workforce, and substantial market impact. These large enterprises are frequently global in their operations.
Common mistakes when setting up a new business
New businesses frequently face typical obstacles that can be minimized with careful planning and strategic foresight.
Inaccurate documentation
We make sure that all your paperwork is thorough, precise, and in line with legal standards, minimizing the chances of encountering administrative problems.
Lack of understanding of local regulations
We offer extensive assistance on following local regulations, taxation, employment laws, and other legal responsibilities, making sure that you are in compliance with the law.
Inadequate financial planning
Our team helps you create practical financial forecasts, manage your budget, and secure financial support for your company’s objectives.
Insufficient market research
Lack of knowledge about the local market can be a barrier to achieving success. It is important to carefully study the market to discover potential opportunities and obstacles.
Inadequate marketing
Numerous companies face difficulties because of inadequate marketing actions. Enhance your online visibility and consider various digital marketing tactics.
Our solutions: Business formation made easy
The team offers solutions that are practical and effective, tailored to your specific needs.
Business formation online
With the Vietnam online platform, you have the ability to initiate and complete the process of establishing your business from anywhere in the world. You can monitor the progress, provide necessary documents, and avail of our services using safe digital platforms, ensuring a smooth and convenient experience.
Business formation remotely
In Vietnam, we handle all the paperwork for you if you prefer a more hands-off approach. Our team of professionals takes care of all the necessary formalities, completes the required paperwork, and communicates with the relevant authorities on your behalf to give you peace of mind.
Contact us
Don’t let the chance to start your business in Vietnam pass you by. Reach out to us now for tailored support, whether you opt for the ease of online registration or the convenience of remote business setup. Our skilled team will assist you at every stage, guaranteeing a smooth and prosperous business start. Take advantage of the opportunities that Vietnam offers for your entrepreneurial ventures!