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Essential Information for Vietnam E-Visa and Company Set-Up
Essential Information for Vietnam E-Visa and Company Set-Up
Vietnam E-Visa Application
– Government website: https://evisa.gov.vn/
– MUST provided information:
- Portrait photo
- Passport information page
- When do you want to enter Vietnam?
- Single entry or multiple entries?
- Purpose of entry (tourist/working/visiting families/investment/study…)
- Your email address?
- Your contact person in Vietnam: full name, address in Vietnam, phone number in Vietnam?
- In the past, when was your latest entry and exit Vietnam? What was the purpose of visa at that time?
– Normal process takes 04 working days from submission.
– Government fee is USD25 (single entry); USD50 (multiple entries).
List of Nationalities Exempt from Vietnam Visa
| No. | Nationalities | Exempt duration |
|---|---|---|
| 1 | Belarus | 45 days |
| 2 | Brunei | 14 days |
| 3 | Cambodia | 30 days |
| 4 | Czechia | 45 days |
| 5 | Denmark | 45 days |
| 6 | Finland | 45 days |
| 7 | France | 45 days |
| 8 | Indonesia | 30 days |
| 9 | Italy | 45 days |
| 10 | Japan | 45 days |
| 11 | Laos | 30 days |
| 12 | Malaysia | 30 days |
| 13 | Myanmar | 14 days |
| 14 | Norway | 45 days |
| 15 | Philippines | 21 days |
| 16 | Poland | 45 days |
| 17 | Russia | 45 days |
| 18 | Singapore | 30 days |
| 19 | South Korea | 45 days |
| 20 | Sweden | 45 days |
| 21 | Switzerland | 45 days |
| 22 | Thailand | 30 days |
| 23 | United Kingdom | 45 days |
List of Questions for Company Set-Up
**DOCUMENTS REQUIRED:**
| No. | Documents |
|---|---|
| 1 | Notarised copies of passport of the legal representative and the investor |
| 2 | Bank letter confirming closing balance amount (proof of financial capacity) |
| 3 | Office/Land rent agreement and Certificate of land/office use right |
**INFORMATION TO PROVIDE:**
| No. | Information |
|---|---|
| 1 | Company office address |
| 2 | Company name in Vietnamese |
| 3 | Company name in English (if any) |
| 4 | Abbreviation name of Company (if any) |
| 5 | Phone number of Company |
| 6 | Email of Company |
| 7 | Charter capital |
| 8 | Current address of investor |
| 9 | Permanent address of investor |
| 10 | Current address of legal representative |
| 11 | Permanent address of legal representative |
| 12 | Business activities of the Company (products, production scale, output market, tech, labor, etc.) |
| 13 | Other relevant information |
Considerations of Company Set-Up in Vietnam
– **Types of Investors:**
1. Vietnamese invested enterprises – over 50% owned by Vietnamese
2. Foreign invested enterprises – over 50% owned by foreigners
1. Vietnamese invested enterprises – over 50% owned by Vietnamese
2. Foreign invested enterprises – over 50% owned by foreigners
– **Types of Enterprises:**
1. Limited Liability Company (popular choice)
2. Joint Stock Company (at least 3 shareholders, stricter conditions)
3. Private Company (owner takes full liability)
– **Main Steps to Set Up a Company:**
| Steps | Timeline |
|---|---|
| 1. Application for Investment Registration Certificate | 3 weeks from submission |
| 2. Application for Business Registration Certificate | 2 weeks from submission |
| 3. Post license: company stamp, bank account, tax registration | 3–5 working days |
| 4. Tax compliance & reporting: – VAT, CIT, PIT – License fee – Audited financial statements – Statistics reports (if FDI) – Insurance for employees (social, health, unemployment) |
Monthly: 20th Quarterly: end of first month of next quarter Annually: within 90 days of next year |
Pros & Cons: Vietnamese vs. Foreign-Owned Companies
| Company Invested by Vietnamese | Company Invested by Foreigner (FIE) |
|---|---|
| ✔ Faster & easier setup (1–2 weeks for ERC) ✔ Fewer investment restrictions ✔ No audit or statistics report required ✔ Full ownership without nominee risks |
✔ Full ownership & control ✘ Slower process (2–3 months for IRC & ERC) ✘ Stricter requirements: finance, location, WTO rules ✘ Higher cost: audit, statistics reporting |
| ✘ Nominee-related legal risks | ✘ More paperwork & ongoing compliance |
