Go a new business idea? Estimating the startup costs is essential to budgeting and minimizing financial risks. Check out this article by Thao & Co. to for insights on the cost of starting a business in Vietnam.
To legally set up a business in Vietnam, you’ll need to complete a number of required business registration steps. Here’s a list of the procedures and their associated fees:
Foreign investors who want to set up a business in Vietnam must first acquire an investment registration certificate. The registration fee ranges 1.5 million to 3 million VND per application.
ℹ️ Exemptions: You may qualify for a fee exemption if:
According to the regulations, the enterprise registration fee is 50,000 VND per application. Online applications are free of charge.
The fee for business registration ranges from 500,000 VND to 1 million VND per certificate. The fee for business registration assessment, if needed, is 200,000 VND to 500,000 VND per application.
⭐ Important: Depending on your business sector, you may need additional licenses and certificates.
For example, to operate a restaurant or diner, you’ll need:
The fee for the enterprise registration certificate announcement on the National Business Registration Portal is 100,000 VND.
Before setting up your business, it is important to plan ahead for the following expenses:
Depending on your business needs, there might be other expenses to consider, such as purchasing patents, technical manuals, commercial trademarks, technology transfer certificates, and so on.
Besides the abovementioned fees, you will also need to budget for the following:
The price for a company seal varies. A standard round seal costs around 200,000 VND to 300,000 VND while seals for specific titles cost around 70,000 VND to 150,000 VND.
The cost of making a company signboard is 300,000 VND to 1.5 million VND depending on the size and material of your choice.
The average digital signature registration fee is 1,5 million to 2,5 million VND per year.
Companies in Vietnam are required to have a business bank account for transactions and tax payments.
Bank account registration may be free of charge or cost up to 500,000 VND depending on each bank’s policies. In addition, you must maintain a minimum balance of 1 million VND in your account.
License tax is the amount of tax a business owner has to pay depending on their company’s charter capital.
If you are getting help from business registration and operation support services, you will also need to take into account these expenses.
The total cost of setting up a business in Vietnam is a common concern that most foreign investors share when venturing into this market. However, there is no certain answer as it depends on many factors, such as the business scale, business sector, and so on.
The estimated cost of setting up a business in Vietnam ranges from 10 million VND to 50 million VND or more, including all necessary expenses and additional service costs.
We hope this article has given you a better look at the cost of setting up a business in Vietnam. The whole initial planning and budgeting process can be quite challenging.
But don’t let it discourage you! Thao & Co. can help you handle tedious tasks so you can grow your business. Our business set-up services include:
Our services help you save time in navigating the local legal procedures and effortlessly establish your own business in Vietnam.
For more information, please fill in our Contact form. Thao & Co. will promptly reach out to answer all of your questions.
Contact information
Phone number: (+84) 28 6682 6636
Email: [email protected]
Address: 3rd floor, 86 Dien Bien Phu Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
