How long does it take to establish a company in Vietnam?
I am regularly asked,
"How long does it take to establish a
company in Vietnam?" as a Vietnamese legal professional. Like most legal
matters, the solution is not straightforward. Vietnam's economic potential is
alluring, but managing the company formation process necessitates a
sophisticated grasp of the various phases involved and the variables that can
affect the schedule.
.jpg "Timeline to establish company in Vietnam")
In actuality, a number
of factors, including the implementation process and the capacity to create and
prepare each business's documentation, will affect how long it takes to
establish a firm. The process of establishing a business can be completed fast
if standard protocols are followed and documentation are prepared swiftly and legally.
However, the time it takes to set up a company in Vietnam will increase if the
company drafts and prepares paperwork with faults since more revisions will
need to make additional changes to the shortcomings.
It will take 15 to 30
days to apply for an investment registration license and 3 to 5 days to apply
for a business registration license when creating a company with foreign
elements. The total time needed to establish a company in Vietnam with foreign
elements will be about 18 - 30 days.
Furthermore, the time
mentioned above is just the time to apply to the Department of Planning and
Investment for a business registration license. Companies should be aware that
preparing corporate information, draft documents, procedures, and associated
documentation will take additional time. Thus, the planning and execution of
the business will have an impact on how long it takes to form a company.
In addition, after
receiving a business registration license, you must take the time to apply for
a sublicense if required and finish other procedures as specified in order to
guarantee the company's seamless launch. Content of business registration,
bank, seal engraving, etc.
Making Contact with lawyers at law firms in Vietnam are essential for effectively managing the procedure and guaranteeing a seamless debut when setting up a company in Vietnam
