Start Your Limited Liability Company With One IBC
One IBC simplifies establishing your Wholly Foreign-Owned LLC or Partly Foreign-Owned LLC in Vietnam, ensuring compliance with the latest regulations.
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Why Use One IBC to Set Up Your
LLC?
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One IBC's tools give you step-by-step guidance to start and protect your new company.
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What You Need to Know About Forming an LLC
What Is an LLC?
A Limited Liability Company (LLC) in Vietnam, including Wholly Foreign-Owned LLCs (100% foreign capital) and Partly Foreign-Owned LLCs (joint ventures), limits liability to capital contributions under the Law on Enterprises 2020, updated in 2024.
Why Do You Need to Form an LLC?
Forming an LLC protects personal assets, offers flexible management, and taps into Vietnam’s 2024 tax incentives (e.g., 10% corporate tax for 15 years in priority sectors).
What Challenges Come With Forming an LLC?
Challenges include meeting 2024 MPI foreign ownership caps (e.g., 49% in media) and securing a local address, which can delay setup without expert guidance.
When Do You Need to Form an LLC?
Form an LLC when entering Vietnam’s market in 2025, especially for foreign investors targeting manufacturing or tech, boosted by a projected 7% GDP growth.
Ready to Get Your
LLC?
Get StartedUse One IBC To Start Your Business In 4 Easy Steps
Preparation
Request free company name search. We check the eligibility of the name, and make suggestion if necessary.
Filling
Register or login and fill in the company names and director/ shareholder(s). Fill in shipping, company address or special request (if any).
Payment
Choose your payment method (we accept payment by Credit/Debit Card, PayPal or Wire Transfer).
Delivery
Get soft copies of key documents (Certificate of Formation, etc.) to start your business. Use the company kit to open a bank account, or let us assist with banking.
3 Reasons for Forming an LLC
Tap into Vietnam’s Tech Boom
Vietnam’s tech sector, with $4.5 billion in FDI in 2024, benefits from LLC flexibility for foreign investors
Keep it simple
Starting an LLC is usually easier than a corporation, with fewer rules for things like record-keeping.
Straightforward Tax Structure
In Vietnam, LLCs and Corporations follow the same 20% corporate tax rate.
LLC
vs. Corporation: What's the Difference?
Understand the key differences between an LLC and a Corporation in Vietnam:
LLC (Limited Liability Company)
Management Flexibility
Owners have direct control with fewer formalities — ideal for smaller or private businesses.
Ownership Structure
No shares issued. Owned by 1–50 members; simpler internal capital contributions.
Compliance Requirements
No need for annual general meetings or issuing shares — easier to maintain.
Corporation (Joint Stock Company)
Management Structure
Requires a Board of Management and, in some cases, a Supervisory Board.
Ownership & Shares
Share-based ownership; must have ≥3 shareholders and can issue/transact shares.
Compliance Requirements
Stricter: Annual shareholder meetings, share records, and formal reporting required.
What You Should Know About Forming An LLC
To set up an LLC in Vietnam, investors must file a business registration with the Department of Planning and Investment (DPI). With One IBC’s expertise, the process stays smooth, compliant, and efficient—regardless of location or industry.
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Frequently Asked Questions
Foreigners are allowed to register their company in Vietnam for starting a business.
In most industries, they can own 100% of the shares of their business. In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder.
One IBC’ Vietnam company registration specialist will advise you with regards to the need for a joint venture partner.
Yes. in many ways.
Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.
A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:
A limited liability company (“LLC”), in the form of either a single-member LLC (“SLLC”) or an LLC with two or more (up to a maximum of 50) members (“MLLC”).
A shareholding or joint stock company (“JSC”) which is a company with at least three shareholders but no maximum number of shareholders.
A general partnership or a limited liability partnership.
A private enterprise (akin to a sole proprietorship).