Guidance by Expert

Agile Processing

Complete Transparency

We provide clear, professional guidance through government regulations, streamlining what is often a complex and time-consuming process of starting a business.

We understand that every business is unique, which is why our services and solutions are customized to align with your specific needs and objectives.

We offer a tailored quote based on your specific requirements, clearly outlining the scope of services and associated costs—ensuring full transparency with no hidden fees.

One-stop Market Entry Solution

We deliver comprehensive compliance services to ensure smooth and worry-free business operations in Vietnam.

Cost Effective

Because we care

Exploring a new market is an experiment, and as your navigator in Vietnam, we will assist you with services that align with your budgets.

From initial consultation to final setup, we are dedicated to delivering optimal results; ensuring your company is established efficiently and seamlessly, with a strong commitment to professionalism and client-focused service.

Why MGI Consulting?

6-8 weeks

Limited Liability Company.

Reprensetative Office.

Can generate revenue

Single or multiple investors

Up to 100% foreign owned

Legal representative required

Setup time

4-8 weeks

Setup time

Joint Stock Company.

Chief representative required

Management board required

Up to 100% foreign owned

Minimum 3 shareholders

Can generate revenue

100% owned by parent company

No shareholders or partners

Cannot generate revenue

6-8 weeks

Setup time

Which are the best company structures for you?

MGI Consulting provides comprehensive supports for corporate services and experienced consultants to help you establish a company or a joint venture in Vietnam. The most popular structures are:

This is the most common structure for foreign investors in Vietnam.

Ideal for foreign investors who plan to scale, raise public capital, or eventually list on a stock exchange.

Ideal or foreign companies with purposes of non-commercial, liaison and market research in Vietnam.

Six steps to kickstart a new company.

Step 1.

Step 2.

Step 3.

Step 4.

Step 5.

Step 6.

Preparation of required documents

Investor documents, proof of financial capacity, lease agreement, ...

Application for an Investment Registration Certificate - IRC

Getting approved on an investment project give foreign investors a permit to do business in Vietnam

Application for an Enterprise Registration Certificate - ERC

Post establishment registrations

Post licensing applications

Contribution of charter capital

By obtaining the ERC , the company's basic information will be registered on National Enterprise Registration Portal.

Announcement of company establishment, purchase and registration of company seal, opening bank accounts, ...

Some specific sectors and industries require sub-licenses according to licensing requirements and conditions.

After the company registration, investors have 90 days to inject the capital to the company bank account.

Other compliance services you might need.

MGI Consulting also provides ongoing services to keep your company compliant with all the government regulations.

Virtual Office

Accounting & Tax

HR & Payroll

Work Permit

TRC

Ensure timely employee payments and accurate management of compensation and benefits to maintain full compliance with labor regulations

Ensure compliance with local regulations through our comprehensive accounting services. Optimize your tax position and guarantee timely tax filings to minimize liabilities and avoid penalties.

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A legal virtual address for company registration to stay compliant and cost savings.

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Considering relocation to Vietnam, obtaining a legal work permit is a critical step that unlocks greater professional opportunities and ensures compliance with local employment regulations.

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Living in Vietnam becomes significantly more convenient with a temporary residence card, eliminating the need to frequently monitor visa expiration dates or incur the cost and inconvenience of repeated visa runs.

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Frequently asked questions.

What documents are required to open a company in Vietnam?

In general, corporate investors and individuals investors share similar required documents such as:

• Lease agreement.

• Bank statement of the investors.

• Notarized passports/ID cards of shareholders and legal representative.

• Other documents drafted by MGI consulting.

Besides, corporate investors must provide other legal documents relating to their business in home country. Document legalization in their home country is required.

What are business conditions in Vietnam?

When conducting business activities in conditional business sectors, business conditions are the requirements that companies must meet pertaining to Vietnam law. In Vietnam, there are 237 conditional business sectors applied on both foreign and local investors.

Example:

• As for a business distributing cosmetics products to end consumers offline or online, the company must obtain a Retail sub-license in order to perfomr its business legally.

• A restaurant must obtain a Food safety and hygiene certificate before it opens officially.

It is compulsory to consult us properly before starting your business and to avoid consequences.

What is a legal representative?

A company's legal representative is a person appointed to act on behalf of the company. They represent the company in legal proceedings, sign contracts, ensure compliance to Vietnam laws.

Do I need to live in Vietnam when opening a company?

No, your physical presence in Vietnam is not required. MGI Consulting will manage all administrative procedures and compliance matters on your behalf. You will retain full control over company's bank account, authorize actions remotely, and focus on managing business operations.

lf you appoint yourself as a legal representative of your company in Vietnam, you have option to either reside in Vietnam or appoint another who resides in the country, as Vietnam law mandates that at least one legal representative must maintain local residency. A company may have multiple legal representatives to meet this requirement.

What is the minimum investment to get approval?

In Vietnam, every company is required to declare and deposit a specified amount of investment capital. While there is no general minimum capital requirement, except for certain regulated industries, the local licensing authority will evaluate your proposed capital based on the nature and scale of your business activities. This assessment is conducted on a case-by-case basis.

It is advisable for investors to contribute a level of capital sufficient to cover the company's operating expenses for at least the first one or two years, or until the business becomes revenute-generating. This was ensures financial stability and help avoid the administrative burden of adjusting the registered capital later, should fund runs low.

Additionally, a higher capital contribution may support eligibility for longer-term investors visas, offering the flexibility for business operations in Vietnam.