Fee for setting up a company in Vietnam

Start your business journey in Vietnam with cost-effective, transparent company formation services. As Vietnam’s dynamic market continues to expand, launching a company here has become an increasingly attractive option for both local entrepreneurs and foreign investors. In this article, Viet An Law will break down the fees for setting up a company in Vietnam. Unlock new growth opportunities with our expert guidance and cost-effective solutions designed to simplify the company registration process and support your success in the Vietnamese market.

Business registration fee in Vietnam

A Certificate of Enterprise Registration (ERC) is an official document, either in paper or digital form, that records a company’s business registration details. It is issued by the business registration authority once all legal requirements are met.

Under the Enterprise Law 2020 (as amended in 2025) and Decree No. 168/2025/ND-CP (effective from July 1, 2025), all business registrations must now be submitted online.

Thanks to this shift to digital processing, and under the Circular 47/2019/TT-BTC, enterprises are exempt from paying business registration fees, which were previously required for physical (hard copy) applications.

Fee for Publication of Business Registration Contents

According to Article 32 of the Law on Enterprises 2020 (as amended in 2025), once an Enterprise Registration Certificate (ERC) is issued, it must publicly announce its registration details on the National Enterprise Registration Portal.

This announcement must be completed within 30 days of receiving the ERC. The publication fee is required at the time of submitting the registration documents, in line with Decree No. 168/2025/ND-CP.

As specified in Circular 47/2019/TT-BTC, the publication fee is 100,000 VND per application.

Cost of Engraving a Business Seal

A business seal is a key tool for validating official company documents. It represents the legal status of the enterprise and is used to authenticate contracts, internal decisions, and external transactions.

Under Article 43 of the Law on Enterprises 2020, enterprises can decide on the type, design, content, and number of seals used by the company and its branches or representative offices.

While seal registration is no longer mandatory, engraving a seal remains an essential step in formalising your company’s operations. The cost typically ranges from 300,000 VND to 500,000 VND, depending on the type and quantity of seals required.

Fee for Purchasing a Digital Signature

A digital signature is an encrypted identifier attached to the data (texts, images, videos) used to confirm the identity of the data owner. It is an essential component in issuing electronic invoices and verifying the legitimacy of the sender.

The cost of a digital signature varies depending on the provider and services duration.

For a 3-year subscription, prices typically range from 2,000,000 VND to 3,000,000 VND.

Cost of Electronic Invoices for Enterprises

Electronic invoices (e-invoices) are digital records of transactions for goods and services. These invoices are created, signed, sent, received, and stored electronically and are legally recognised under Vietnam’s Law on Electronic Transactions.

According to Decree 123/2020/ND-CP, from July 1st, 2023, all newly set-up businesses are required to use electronic invoices.

The cost of purchasing electronic invoice software ranges from 2,000,000 VND to 3,000,000 VND, depending on the software provider.

Opening a Bank Account and Submitting a Notification

A business bank account is important for managing transactions with clients, suppliers, and tax authorities. While it is not explicitly required by law, having a bank account is practically mandatory for tax payment, as most local tax departments only accept electronic tax payments.

To comply with current procedures, businesses must open a corporate bank account after setting up and notifying the Tax Department about the account details.

Minimum balance requirements depend on the bank and currency type:

For VND accounts: typically, from 1,000,000 VND, and for USD accounts: usually between 50 to 100 USD.

Business License Fee in Vietnam

A business license fee (also known as a license tax) is a mandatory annual payment made by enterprises based on:

• The charter capital stated in the Enterprise Registration Certificate, or
• The investment capital listed in the Investment Registration Certificate (for foreign-invested companies),
• Or, for business households and individuals, the annual revenue.

Under regulations before 2026, businesses may be exempted from the license fee in the following cases:

• The first year of set up or commencement of business activities (January 1^st to December 31^st) applies to newly established organisations with newly issued tax codes and enterprise codes.
• Branches, representative offices, or business locations established during the exemption period. These are also exempt for the same duration as the parent company or entity.
• Small and medium-sized enterprises converted from business households. These are exempt from the license fee for 3 years from the issuance of the Enterprise Registration Certificate (ERC).

Applicable license fees for organisations

Notes: Fees are calculated based on the capital amount recorded in official registration documents. If no charter capital is listed, the fee is based on investment capital instead.

Important update (effective January 1st, 2026): As per Resolution 198/2025/QH15, Vietnam officially abolishes the business license tax starting from January 1^st, 2026. From this date, all newly established and existing enterprises are no longer required to pay the business license fee under the previous framework.

List of company setting up fees in Vietnam

Company setting up process

Step 1: Submit the Business Registration application to the Department of Finance

Step 2: Publish the Business Registration information

Step 3: Create and register the company seal

Step 4: Apply for necessary business licenses (if applicable)

Step 5: Complete post-establishment procedures

Examples of newly set-up businesses in 2025

Truong Thanh Industrial Trading Production JSC — Tax Code: 3703221417

Nam A Real Estate Investment and Trading Co., Ltd. — Tax Code: 3703220928

MTA Catholic Scholarship Social Enterprise Co., Ltd. — Tax Code: 0318540737

Giving Tree Consultant Vietnam Co., Ltd. — Tax Code: 0318540832

Clapton Whale Co., Ltd. — Tax Code: 0202248109

CVT Group Joint Stock Company — Tax Code: 0110768468

Ji-Mi Import Export Co., Ltd. — Tax Code: 0110768450

PDA Agency Co., Ltd. — Tax Code: 0110768531

eBay Vietnam Co., Ltd. — Tax Code: 0110768355

Viet An Law’s Company Setting Up Services

When using Viet An Law’s business setup services, clients receive a comprehensive package in line with our legal service agreement. Deliverables may vary depending on the agreement, but typically include:

• Certificate of Business Registration (which also serves as the enterprise’s tax code)
• Round company seal
• Full internal documentation set
• Company charter

Step-by-step guidance on post-establishment tasks such as:

• Opening a business bank account
• Ordering and using invoices
• Registering a digital signature for online tax submissions
• Declaring and paying taxes, social insurance registration
• Initial tax method registration and VAT invoice issuance

Additional services include:

• Ongoing support for tax declaration during operations
• Full-package tax and accounting services
• Consulting on website setup, logo design, trademark & patent registration
• Support with sub-license applications and compliance with operational regulations

If you have any questions about setting up your company in Vietnam, don’t hesitate to get in touch with Viet An Law Firm. We’re here to help your business take off smoothly and successfully.