LHD Law Firm is one of Vietnam’s leading law firms, renowned for providing comprehensive legal services to foreign investors, multinational corporations, and local enterprises. With more than 15 years of experience, LHD has built a strong reputation for its in-depth legal expertise, client-centered approach, and ability to navigate the complex regulatory environment in Vietnam.
Setting up business in Vietnam can offer numerous opportunities but also requires a thorough understanding of the legal regulations and administrative procedures. Here are some important aspects to consider when setting up business in Vietnam:
1. Market Research and Business Planning:
- Market Research: Understand the market needs, competitors, and economic and social factors that may affect your business operations in Vietnam.
- Detailed Business Plan: Clearly define your business objectives, products/services, marketing strategy, financial plan, and potential risks.
2. Choosing the Business Entity:
Vietnam offers various types of business entities, including:
- Limited Liability Company (LLC) with one member: Owned by a single individual or organization.
- Limited Liability Company (LLC) with two or more members: Has between two and fifty members.
- Joint Stock Company (JSC): Charter capital is divided into shares, can have numerous shareholders.
- Partnership: Has at least two general partners and may have limited partners.
- Private Enterprise: Owned by an individual who is fully liable for their business debts with all of their assets.
- Branch, Representative Office: For foreign enterprises looking to expand their presence in Vietnam.
The choice of business entity will impact legal liability, management structure, and tax obligations.
3. Legal Procedures and Business Registration:
- Preparing the Dossier: The business registration dossier will vary depending on the type of business entity. It typically includes the registration application, company charter, list of members/shareholders, copies of the legal representative’s and members’/shareholders’ identification documents.
- Submitting the Dossier to the Business Registration Authority: Usually the Department of Planning and Investment of the province/city where the company’s head office is located.
- Obtaining the Enterprise Registration Certificate: Once the dossier is valid, the business registration authority will issue the certificate, allowing the business to operate legally.
- Seal Carving: The company needs to carve its legal seal and notify the business registration authority of the seal specimen.
4. Other Permits and Approvals (depending on the industry):
Certain conditional business lines may require additional sub-licenses, investment licenses, or approvals from relevant ministries and departments before commencing operations.
5. Opening a Bank Account:
The business needs to open a bank account to conduct financial transactions.
6. Tax Registration:
After obtaining the Enterprise Registration Certificate, the business must register for tax with the local tax authority.
7. Recruitment and Human Resource Management:
Comply with Vietnamese labor laws regarding recruitment, labor contracts, salary payment, and employee benefits.
8. Compliance with Other Legal Regulations:
During operation, the business must comply with other relevant laws related to its industry, environmental protection, labor safety, intellectual property, and other regulations.
Advice:
- Seek Legal Counsel: Engaging with a reputable Law Firm in Vietnam is crucial to ensure you understand and comply with all legal regulations, avoiding unnecessary legal risks.
- Understand Business Culture: Familiarity with local business culture will help you build good relationships with partners and customers.
- Prepare Finances Thoroughly: Ensure you have sufficient financial resources to cover the costs associated with setting up and operating the business.
Setting up business in Vietnam can be a complex undertaking, but with careful preparation and professional support, you can build a successful enterprise in this promising market.
Our Mission and Vision
Our mission is to provide innovative, practical, and reliable legal solutions that empower clients to grow sustainably and confidently in Vietnam’s dynamic business environment.
Our vision is to become Vietnam’s most trusted legal advisor for business, investment, and international trade, by combining local insight with global standards of professionalism.
Core Practice Areas
- Foreign Investment & Business Setup in Vietnam
- Guiding foreign investors through all stages of market entry: company incorporation, licensing (IRC/ERC), legal structure, and compliance.
- Corporate & Commercial Law
- Drafting and reviewing contracts, shareholder agreements, joint ventures, M&A transactions, and corporate governance policies.
- Dispute Resolution & Litigation
- Representing clients in court, arbitration, and mediation across civil, commercial, labor, and administrative disputes.
- Labor & Employment Law
- Assisting in employment contracts, internal regulations, HR compliance, and resolving labor disputes.
- Tax & Regulatory Compliance
- Advising on tax strategies, transfer pricing, audits, and assisting with government inspections.
- Intellectual Property Rights (IPR)
- Registering and enforcing trademarks, patents, copyrights, and industrial designs for local and international businesses.
- Real Estate & Construction
- Legal support for property acquisition, project development, construction contracts, and real estate investment procedures.
CONTACT US
LHD LAW FIRM HO CHI MINH CITY
Address: HP Building (7th Floor), 60 Nguyen Van Thu, Da Kao Ward, District 1, Ho Chi Minh City
Hotline: 02822446739
Email: [email protected]
LHD LAW FIRM HANOI
Address: Anh Minh Building (4th Floor), 36 Hoang Cau, O Cho Dua Ward, Dong Da District, Hanoi
Hotline: 02422612929
Email: [email protected]
LHD LAW FIRM DA NANG
Address: 71 Ly Tu Trong, Thach Thang Ward, Hai Chau District, Da Nang City
Hotline: 0905987929
Email: [email protected]
