The most common type of legal entity is limited company. It can be 100% owned Foreign shareholders and is managed by at least one director.
Requirement for Vietnam Company
|Proposed company name||Vietnamese|
|Minimum share capital||VND 1|
|Minimum shareholder||1 Natural person or legal entity|
|Minimum director||1 Natural person or legal entity|
1.) For a 100% foreign company, two licenses need to be obtained: Investment Registration Certificate (IRC) and Enterprise Registration Certificate.
2.) If the company has no director residing in Vietnam, the Foreign Director must appoint a local representative.