Setting up a business in Vietnam involves several legal requirements and procedures. Here's an overview of the key steps and legal requirements:
1. Choose the Business Structure
- Limited Liability Company (LLC): Suitable for small to medium-sized businesses, can have one or more members.
- Joint-Stock Company (JSC): Suitable for larger businesses, requires at least three shareholders.
- Representative Office: Cannot conduct direct commercial activities but can perform market research and promote the business.
- Branch Office: Allows a foreign company to conduct business activities similar to its parent company in Vietnam.
- Business Cooperation Contract (BCC): A contractual partnership between foreign and local entities without forming a new legal entity.
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1. Choose the Business Structure
- Limited Liability Company (LLC): Suitable for small to medium-sized businesses, can have one or more members.
- Joint-Stock Company (JSC): Suitable for larger businesses, requires at least three shareholders.
- Representative Office: Cannot conduct direct commercial activities but can perform market research and promote the business.
- Branch Office: Allows a foreign company to conduct business activities similar to its parent company in Vietnam.
- Business Cooperation Contract (BCC): A contractual partnership between foreign and local entities without forming a new legal entity.
SEE MORE ........