Can foreigners register a business in Vietnam

MegaMettle · 2014-11-07T08:38:42+01:00

Hi everyone I am foreigner and had married a Vietnamese woman. I had built a business under her name as the Vietnam Law at that time do not allow foreigners to register a business. My wife is now filing for a divorce through the court here and wants take the business, properties and children. I am now exploring the possibility of starting a business again but this time under my own name rather than under anyone else's name. I know that the Vietnam Law has changed but not sure if foreigner can now register a business. The information from the government websites are not clear and address mainly to Viet Kieus. They do not address specifically about foreigners registering a business. Any recommendation of a lawyer on this aspect would also be very helpful.

GuestPoster678 Guest

GuestPoster678Guest05 February 2018 02:16:43

#41

Well it seems obvious from the lay people opinions that the OP should hire a lawyer to get the proper advice that would apply to his particulars situation. But the short answer to his question is that he can register a company here in VN in his name alone.

charmavietnam ViP

Member since 17 April 2013

charmavietnamViP05 February 2018 02:29:44

#42

2841

Not sure he is following this thread as it is from 2014

Neville55 Member

Member since 16 July 2018

Neville55Member16 July 2018 06:31:40

#43

Hello Hannah,

You stated in your post that a foreigner can open a business here. Can you please give me some more information.

hannah.le Member

Member since 18 August 2014

hannah.leMember16 July 2018 06:39:05

#44

Hi, plz add my skype to discuss more easily: ***

Moderated by Priscilla 6 years ago
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GuestPoster678 Guest

GuestPoster678Guest16 July 2018 08:09:00

#45

Neville55 wrote:
Hello Hannah,

You stated in your post that a foreigner can open a business here. Can you please give me some more information.

This may help.

http://www.antlawyers.vn/legal-service/ … etnam.html

eileengu Active member

Member since 27 September 2013

eileenguActive member03 September 2018 07:40:18

#46

Cuong Pham wrote:
I know the topic is old, since 2014. But two year later then, so far Vietnam government already made many changes in the law on investment and enterprise, which encourage foreign investment to Vietnam. Although some limits for foreign business, I can see the effort and create opportunities for expats to do business in Vietnam.
Back to you guys query on whether a foreigner register 100% foreign owned business in Vietnam, I can say YES, but it is depend upon some factors that I list below.
There are some factors control the process of business set up in Vietnam:
+ Business fields (whether it is prohibited or required conditions to process, it is following WTO Commitment and Vietnam law on investment which declares 267 conditional business fields)
+ Product (whether it is prohibited or need any license to distribute in Vietnam)
+ Nationality of owner (Seldom)
+ Location (sometimes, for some industries, starting a business in Hanoi (capital) is easier than in other cities)
For any foreign owned business in Vietnam, the steps of setting up your business could be listed as:
a, Step 1: Obtaining Certificate of investment registration
It allows you to invest in Vietnam
b, Step 2: Obtaining Certificate of business registration
It allows you to open company in Vietnam
c, Step 3: Post license procedure
opening company bank account, company stamp, tax registration
d, Obtaining other licence
There are some conditional business fields that require foreign business to acquire before start business in Vietnam. Please send me your business plan, I will help you to check whether your business is prohibited or require any conditions.
xxx

Can you provide examples of "Nationality of owner (Seldom)"? I am considering starting business here, I don't know whether my Nationality will be rejected...BTW, I am Chinese

eileengu Active member

Member since 27 September 2013

eileenguActive member03 September 2018 07:43:02

#47

DELAFON wrote:
Just registered my business.
100% ownership.
no wife, no partner.
6 weeks to get my business licence.
1700 $ for the lawyer.
Capital investment 15000 $.

Hi, could you please let me know what kind of business you registered?

eileengu Active member

Member since 27 September 2013

eileenguActive member03 September 2018 07:49:31

#48

ANDYESTER wrote:
Your legal costs was excessive. Vietnam must be the most expensive country in the world to set up a business.Sorry to say.I am sure you can setup a business in Vietnam not using attorneys.

Hi, have you started your consultanting business without attorneys? I am going to start a simliar business like yours. And I am tight in budget.

dfer666 Member

Member since 04 June 2015

dfer666Member26 September 2018 00:35:47

#49

****

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SeanBain Member

Member since 01 October 2018

SeanBainMember01 October 2018 16:21:09

#50

I do agree with your sentiments but what makes you think he is English?

Zahid Resham Khan Member

Member since 12 February 2019

Zahid Resham KhanMember12 February 2019 19:24:15

#51

I'm willing to start small business in Vietnam can anybody guide me how i can start business in Vietnam how much amount is required to start small business.
Suggestions are highly appreciated.

eileengu Active member

Member since 27 September 2013

eileenguActive member12 February 2019 23:48:16

#52

Zahid Resham Khan wrote:
I'm willing to start small business in Vietnam can anybody guide me how i can start business in Vietnam how much amount is required to start small business.
Suggestions are highly appreciated.

How is your business going?