Register Business Online in Vietnam: Advantages and Required Documents

Online business registration helps business owners save both time and effort. And if you’re looking to start a business, it’s essential to understand how to register a business online and the necessary requirements of this process.

Read on to discover a step-by-step guide to smoothly completing your online business registration!

Is it possible to register a business online in Vietnam?

The answer is Yes. Online business registration has been favored by many people due to its efficiency and convenience. Instead of visiting authorized agencies in person, you can expedite your business registration by submitting the application online.

This way allows you to streamline the process, saving both time and costs on your way to get a business registration certificate. Furthermore, your application dossier will be archived on the online portal, making it easier to track and monitor your business’ progress on the whole.

Where to register a business online in Vietnam?

Currently, you can visit the National Business Registration Portal to register your business online. In order to do so, you must have a business registration account.

Signing up for a business registration account will take some time, as you must fill in necessary information and wait for your account to be activated. Therefore, you have to thoroughly prepare and review all required documents to avoid unwanted issues or disruptions.

Required documents for online business registration

Just like traditional registration, online business registration requires specific documents, which may vary based on each business model.

Typically, the dossier must consist of:

1. • A written request for business registration
2. • The company charter
3. • List of shareholders for a joint-stock company and list of members for a limited liability company with 2 or more members
4. • Legal documents of the enterprise’s at-law representatives
5. • Powers of attorney (if the applicant is not the legal representative of the enterprise)

How to Register a Business Online?

You can streamline the online registration process by following these steps:

Step 1: Create a business registration account.

1. • Sign in with your VNeID account on the National Business Registration portal.
2. >> dangkyquamang.dkkd.gov.vn

1. • If you don’t have a business registration account yet, create one. Otherwise, link your existing account.
2. • Fill in all the required information and click “save”. The validation mail with an activation link will be sent to you shortly after. Simply click on the link to activate your account.

Step 2: Declare business information.

1. • On the menu toolbar, choose REGISTER BUSINESS.
2. • Provide required information, such as registration method, business type, and business information.
3. • Scan and upload all the electronic documents that you have prepared beforehand.

Step 3: Sign to confirm your application and pay the required fees.

Step 4: Receive results from the Business Registration Office.

1. • If the submission is approved, the applicant will be requested to visit the office in person to collect the receipt of results.
2. • If not, the applicant will receive an email outlining the specific modifications required to resubmit your application.

Costs of online business registration

Traditional business registration typically costs around 50.000 to 100.000 VND, but online business registration is totally free.

FAQs about online business registration

For further information on how to register a business online, you can check out these FAQs:

Do I need to register my online business?

It depends. If your business is a small-scale sole proprietorship, it may not need formal registration.

But if your business is a medium-sized company with a stable income, considerable inventory, or a workforce exceeding 10 employees, it must be registered and subjected to tax obligations.

What are the penalties for late online registration of businesses in Vietnam?

Penalties shall be imposed for delayed business registration, which include fines or business suspension depending on the gravity of the violation.

Can I cancel my pending online business registration?

Just as you can apply for business registration online, you can totally request to withdraw your application. In such cases, you must prepare a dossier for withdrawal with accurate information that matches the previous application dossier.

Is it possible for a foreigner to register their business online in Vietnam?

No, it isn’t. Foreigners cannot register businesses online in Vietnam. Only Vietnamese citizens with a valid VNeID account can register their businesses online.

To establish a business in Vietnam as a foreigner, you’ll need to follow a more traditional process involving in-person submissions and specific procedures. The process might slightly differ from that of Vietnamese business owners, requiring a larger volume of more complex documents.

Additionally, the range of available business types, trades, and sectors is more limited for foreign entrepreneurs.

If you intend to launch a business in Vietnam, consider finding a professional agency to assist you throughout the whole business registration process.

At Thao & Co., our team of experts provides high-quality business registration services for foreign entities. We are committed to helping you navigate the process with ease, from document preparation and translation to other related procedures.

Ready to kick off your business? Leave your information below, and our consultants will promptly reach out to assist!