Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Free Consultation: 30 mins
The business registration law in Hanoi, Vietnam is governed by the Enterprise Law of Vietnam. This law facilitates the procedure for starting and operating a business in the country. The business registration process requires foreign companies to obtain an investment registration certificate and a business registration certificate from the Department of Planning and Investment. Foreign investors are allowed to form 100% foreign-owned companies, joint ventures with Vietnamese partners, and holding companies.
Business registration in Hanoi can be a complex process, with various requirements that need to be fulfilled. A lawyer can guide you through the legal intricacies involved in setting up a business, assisting with documentation, and ensuring compliance with local regulations. Legal assistance is particularly useful when dealing with taxation, labor law, and real estate law aspects. If things get complicated, a lawyer can also represent you in negotiations or in court.
The key aspects of local laws relevant to business registration in Hanoi include the Enterprise Law and the Investment Law of Vietnam. The Enterprise Law covers the establishment, management, reorganization and dissolution of business entities. The Investment Law regulates business investment activities, ensuring the rights and obligations of all investors. Regulations on tax obligations, environmental responsibilities, labor laws and property rights are other essential legal aspects to note. All businesses must also comply with the Anti-corruption Law and the Law on Competition.
It typically takes from 6 to 8 weeks to register a business fully in Hanoi. However, this can vary depending on the type of business and the nature of the investment.
Yes, foreign individuals or entities can own 100% of a business in Hanoi. They can also form joint ventures with Vietnamese partners or set up holding companies.
You can register various types of businesses in Hanoi, including limited liability companies, joint-stock companies, partnerships, sole proprietorships, and representative offices.
Yes, to register a business in Hanoi, you must have a physical office. The local authorities need to verify the office location as part of the registration process.
The regulatory authority for business registration in Hanoi is the Department of Planning and Investment.
For those needing legal advice, consider consulting the Ministry of Planning and Investment (MPI). Local organizations like the Hanoi Small and Medium Enterprises Association, and the Vietnam Chamber of Commerce and Industry (VCCI) can also provide support. Online resources include the Legal Portal of Vietnam and websites of international law firms operating in Vietnam.
If you require legal assistance in Business Registration, it's advisable to hire an experienced business lawyer in Hanoi. This professional can navigate the legal requirements and make the process more manageable. Contact the Department of Planning and Investment or a business advisory firm for more information and start your journey towards setting up a business in Hanoi.
