Company Formation
Fast 3-Day Full-Service Package
LTV Law prepares an accurate dossier, files it on your behalf, and secures your Enterprise Registration Certificate. 100% online since July 1, 2025 — state fee of 0 VND for online registration.
Quick Facts
- Timeline3 working days
- State fee0 VND (online registration)
- System100% online since Jul 1, 2025
- Legal basis2020 Law on Enterprises; Decree 01/2021/ND-CP
Company formation in Vietnam — fast, simple, low cost
Under the 2020 Law on Enterprises (59/2020/QH14) and Decree 01/2021/ND-CP, the company formation procedure in Vietnam has been significantly simplified. The Business Registration Office issues the Enterprise Registration Certificate within 3 working days, and since July 1, 2025, the entire process is carried out 100% online through the National Business Registration Platform.
100% online since July 1, 2025
Since July 1, 2025, the National Business Registration Platform (dangkykinhdoanh.gov.vn) processes applications entirely online — no visit to the Department of Planning and Investment and no paper filing required. LTV Law carries out the entire process on the client's behalf.
5 Types of Business Entities in Vietnam
The 2020 Law on Enterprises provides for 5 types of business entities. Choosing the right entity type from the outset optimizes the governance structure, tax treatment, and future fundraising capacity.
Single-Member LLC
- 1 owner (individual or organization)
- Limited liability up to the contributed capital
- No share issuance
- Suited to: single-founder startups
Multi-Member LLC (2+)
- 2 to 50 members
- Limited liability in proportion to capital contribution
- No public share issuance
- Suited to: partnerships of 2–50 co-founders
Joint-Stock Company
- Minimum 3 shareholders, no maximum limit
- May issue shares and list publicly
- Professional governance structure
- Suited to: raising VC/PE funding or an IPO
Partnership
- At least 2 general partners
- General partners: unlimited liability
- May also have capital-contributing partners
- Suited to: law firms, audit firms
Sole Proprietorship
- Owned by 1 individual
- Unlimited liability with entire personal assets
- No securities issuance
- Suited to: small-scale individual business
Free advice on choosing an entity type
LTV Law advises on the appropriate entity type based on the number of founders, fundraising plans, business line, and long-term strategy. Contact us for a free consultation.
LTV Law's Company Formation Process
6 steps from initial consultation to receiving the Enterprise Registration Certificate and completing post-registration procedures — LTV Law handles everything on the client's behalf.
Documents Required for Company Formation
- Enterprise registration declaration (Appendix I–III forms, Decree 01/2021)
- Company charter (signed by founding members/shareholders)
- Member/shareholder list (multi-member LLC, joint-stock company)
- ID cards of all members/shareholders
- Head-office documents (lease agreement or land-use right certificate)
- Practising certificate (for conditional business lines)
- Power of attorney for LTV Law
Note on conditional business lines: If the business operates in a sector listed in Appendix IV of the 2020 Law on Investment (healthcare, education, finance, real estate, etc.), additional practising certificates or specific business conditions must be prepared before commencing operations.
Current Company Formation Fees
Under the 2020 Law on Enterprises and Decree 01/2021/ND-CP. Online registration fees are fully waived.
| Fee Type | Amount |
|---|---|
| Online registration fee | 0 VND |
| Enterprise information publication fee | VND 100,000 |
| Corporate seal engraving | VND 300,000–500,000 |
| LTV Law service fee (full package) | Contact for a quote |
| Total state cost | ~VND 500,000–600,000 |
Annual business license fee: Charter capital above VND 10 billion: VND 3,000,000/year; VND 10 billion or below: VND 2,000,000/year; newly formed enterprises are exempt from the business license fee in their first year.
Charter capital must be fully contributed within 90 days of the certificate issuance date (Article 47, 2020 Law on Enterprises). Non-compliance is subject to administrative penalties.
Company Formation Service Packages
LTV Law offers 2 flexible service packages. Contact us for a detailed quote and advice on the package that best suits your needs.
Self-Registration Package
- Advice on choosing an entity type
- Charter drafting & full dossier preparation
- Company name search & selection
- Guidance on filing the online dossier
- Support amending the dossier if needed
- –Filing on your behalf & dossier tracking
- –Post-registration support (seal, account, invoices)
Full-Service Package — Certificate in 3 Days
- Advice on entity type & ownership structure
- Charter drafting & full dossier preparation
- Company name search & selection
- Filing on your behalf & tracking through to certificate issuance
- Support with corporate seal engraving
- Support opening a corporate bank account
- Guidance on e-invoice registration
- Post-formation advice: tax, social insurance
Set up your company
receive your certificate in 3 days
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Registration Details
8 Frequently Asked Questions About Company Formation
Start Your Company Formation Today
Contact us for advice on entity type and a free full-package quote. Receive your certificate after 3 working days — no obligation.