Cost of Setting up Foreign Company in Vietnam
The cost of setting up a foreign company in Vietnam varies on the type of company that you set up and the ministries in Vietnam that may or may not be involved. When I say ministry, I refer to the additional licenses that you may require to conduct your business in Vietnam. For example, a full trading company will require an extra trading license from the Ministry of Trade. Whereas a F&B company will require other licenses such as fire safety etc.
Additionally, you may need to bear other miscellaneous costs involved as well. The last thing you want is to embark on your trade and could not continue due to lapses in documentations and licenses. Here is where Vietnam Legals step in to assist your business. We ensure that you are getting the right licenses in a prompt and cost effective manner. Importantly, we ensure that you are ready to start your growth here in Vietnam safely and productively.
Setting Up Foreign Company Fees
Foreign investors setting up a foreign company in Vietnam will need to consider the following fees for:
- Photocopy and authentication of legal documents (i.e passport, certificate of incorporation). This rate is often based on number of pages.
- Registration for setting up foreign company in Vietnam.
- Posting up the contents of foreign company being set up in Vietnam.
- Company seal.
- Legal fees.
Total fees for setting up a foreign company on Vietnam will be at least of USD 3000 and above. In addition to the cost of setting up a foreign company in Vietnam, foreign investor shall contribute charter capital as prescribed. This is similar to shares in a company.
For more information about fees of setting up a foreign company in Vietnam, please feel free to contact us.