Best New Business Formation Lawyers in Ho Chi Minh City

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Law Plus
Ho Chi Minh City, Vietnam

Founded in 2000
50 people in their team
Vietnamese
English
Located in Ho Chi Minh City, Vietnam, LawPlus understands the challenges foreigners face when starting and doing business in Vietnam. Our goal is to alleviate those difficulties and ensure a smooth experience by handling all legal complexities on your behalf. Focus on growing your business, let...
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DIMAC Law Firm
Ho Chi Minh City, Vietnam

Founded in 2015
50 people in their team
Vietnamese
English
DIMAC proudly stands as a leading professional law firm in Vietnamโ€™s legal market for businesses. It was established in March 2015 by Lawyer Pham Quoc Tuan and later expanded with the addition of Partner Lawyers Le Thanh Tung and Duong Quoc Thanh in Hanoi, the promotion of Partner Lawyer Nguyen...
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TLT Legal LLC
Ho Chi Minh City, Vietnam

Founded in 2020
10 people in their team
English
TLT Legal is a professional law firm with legal advisory and litigation practices, specialized in corporate, commercial, labor, tax and assurance in Vietnam. The specialization allows us to focus all the best on our strengths to serve our clients in the best possible way.TLT Legal has a team of...
DTLAW - International Law Firm in Vietnam
Ho Chi Minh City, Vietnam

Founded in 2012
50 people in their team
Vietnamese
English
Combining practical solutions with professional expertiseDTLAW attracts well-trained lawyers who graduated from abroad and have gained vast experience working for the Government, as well as many years working at well-known law firms in Vietnam.Our professional team of experienced lawyers,...
DB Legal Co., Ltd
Ho Chi Minh City, Vietnam

Founded in 2000
50 people in their team
Vietnamese
English
DB Legal is a full-service law firm in Viet Nam, covering Danang, Hoian, Hue, and other provinces in Vietnam. Our Lawyers in Danang, Hoi An, and Hue have the expertise to help clients, especially foreign investors, achieve their business objectives in Vietnam.Our teams will bring the best to...
Le Nguyen Law Firm
Ho Chi Minh City, Vietnam

Founded in 2002
30 people in their team
English
Welcome to Le Nguyen Law Firm (โ€œLe Nguyenโ€) - one of the prestigious Law Firms in Vietnam with a long history of development and achievements.Le Nguyen is highly appreciated for her diversity in providing legal consulting and litigation services to Vietnamese and foreign clients. The question...
Phong & Partners
Ho Chi Minh City, Vietnam

Founded in 1984
50 people in their team
Vietnamese
English
Welcome to website of Phong & Partners!Phong & Partners is established by Mr. Le Ngo Hoai Phong, Lawyer - Master in Law, who has more than 20 years of comprehensive experiences in consultancy and litigation. The lawyer Le Ngo Hoai Phong is well supported by a team of experienced,...
Themis Partner
Ho Chi Minh City, Vietnam

Founded in 2017
30 people in their team
Vietnamese
English
Chinese
Themis Partner is a full-service law firm with a strong presence across Southeast Asia. Our team is known for delivering comprehensive legal services to businesses of all sizes, with a focus on providing practical and innovative legal solutions. With extensive experience in sectors like corporate...
ASL Law
Ho Chi Minh City, Vietnam

Founded in 2000
50 people in their team
Vietnamese
English
ABOUT ASL LAW - VIETNAM LAW FIRMASL Law, a full-service Vietnam law firm, includes Associates of Successful Lawyers from Vietnam and other countries where Vietnamese enterprises have trading relationship. Our main purpose is to provide the most practical, efficient and lawful advice or legal...
RHTLaw Vietnam
Ho Chi Minh City, Vietnam

Founded in 2005
50 people in their team
Vietnamese
English
Our FirmRHTLaw Vietnam offers clients access to a network of over 2000 legal professionals across various offices in Asia through RHTLaw Asia and the ASEAN Plus Group (APG).The Firm traces its beginnings in 2005 when a team of experienced Vietnamese lawyers came together to set up what was...
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About New Business Formation Law in Ho Chi Minh City, Vietnam

Starting a new business in Ho Chi Minh City, Vietnam, is a promising opportunity but also requires an understanding of local laws, regulations, and procedures. In Vietnam, business registration laws have been significantly improved to create a more conducive environment for both domestic and foreign investors. All businesses must be registered with the local Department of Planning and Investment. However, the legal structure, processes, and requirements may vary depending on the type of business entity, such as a limited liability company, joint-stock company, partnership, or private enterprise.

Why You May Need a Lawyer

Setting up a new business involves many legal intricacies that could pose significant challenges for those unfamiliar with Vietnamese laws. A lawyer can guide you through the registration process, advise on the most appropriate legal structure for your business, help draft and review contracts, and ensure compliance with local tax laws, labor laws, and other regulations. You may also need a lawyer to safeguard your interests in potential disputes, negotiations or to help navigate the complexities should your business need to be restructured, merged, or closed.

Local Laws Overview

The Enterprise Law and the Investment Law are two fundamental laws in Vietnam that dictate the formation of new businesses. They outline the legal procedures for registration, rights and obligations of business owners, capital contribution frameworks, and governance structures. Foreign investors also need to consider laws on foreign investment. In Ho Chi Minh City, specific local municipal laws and regulations may apply, related to land use, environmental standards, and local taxes. Understanding these laws is critical to ensure your business remains in compliance and avoids any penalization.

Frequently Asked Questions

What is the process of starting a business in Ho Chi Minh City?

The process begins with an application to the Department of Planning and Investment, followed by acquiring a business registration certificate, a tax registration certificate, and announcing the business registration content. You also need to make a capital contribution within 90 days from the issuance of the Business Registration Certificate.

What types of business entities are permitted in Vietnam?

Vietnam permits the formation of various types of business entities: Limited Liability Companies, Joint-Stock Companies, Partnerships, and Private Enterprises, each with their own structures, advantages, and disadvantages.

What laws govern foreign investment in Vietnam?

The Law on Investment and Law on Enterprises of Vietnam govern foreign investments. These laws cover aspects like permitted industries, investment incentives, licensing procedures, and regulations on mergers and acquisitions.

Can a foreigner own 100% of a business in Vietnam?

Yes, Law on Investment in Vietnam allows foreigners to own 100% of a business in some sectors, provided it aligns with Vietnam's WTO commitments and local regulations. However, some industries have restrictions or conditions on foreign ownership.

What is the usual time frame for setting up a business in Vietnam?

From preparing the necessary documents to obtaining the final approval, the entire process can take around one to three months, depending on the type of business entity and whether the investor is domestic or foreign.

Additional Resources

The Vietnam Chamber of Commerce and Industry (VCCI) and Ho Chi Minh City Department of Planning and Investment (DPI) websites provide valuable information on rules and regulations for new businesses. Furthermore, the ASEAN Briefing website offers comprehensive guides and articles on doing business in Vietnam.

Next Steps

If you require legal assistance to form a new business in Ho Chi Minh City, consider hiring a local attorney who specializes in this field. Be prepared to discuss your business plans and goals, and bring all related documents. Your lawyer can then assist you in making informed decisions and navigating through the laws and procedures of starting a business in Vietnam.

Lawzana helps you find the best lawyers and law firms in Ho Chi Minh City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including New Business Formation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Ho Chi Minh City, Vietnam - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.