Starting a business in Vietnam

Legal Forms of Companies

Limited Liability Company

Number of partners: 1 shareholder and 1 minimum manager; maximum 50. This form of society does not require the presence of an associate of Vietnamese nationality.
Capital (max/min): The minimum capital amount differs depending on the industry.
Shareholders and liability: Limited to capital for partners.

Joint-stock company

Number of partners: Minimum of three partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to capital for members / shareholders.

Limited partnership

Number of partners: At least 2 shareholders, one of whom is Vietnamese.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to capital for sleeping partners, unlimited for managing partners.

General partnership

Number of partners: At least two co-owners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Unlimited to all partners.

Business Setup Procedures

Source: Doing Business - Latest available data.