Is Cheap Company Formation Service in Vietnam Trustworthy?

Establishing a company is a crucial step for anyone intending to do business, and today’s market is filled with a wide range of support services at different price levels. Among them, “low-cost company formation services” have emerged as an attractive option. However, is cheap company formation service in Vietnam trustworthy? This is a common concern for many clients. Below, Viet An Law would like to introduce its low-cost company formation services.

Is cheap company formation service in Vietnam trustworthy?

Risks of using unreliable low-cost company formation services:

Lack of in-depth legal advice, leading to potential risks

• Failure to provide thorough advice on the selection of an appropriate type of enterprise and suitable charter capital, resulting in operational difficulties or future tax obligations.
• Failure to carefully review registered business lines, especially conditional business sectors, causing the enterprise to be ineligible to operate after obtaining its business registration certificate.
• Failure to properly verify individuals prohibited from establishing or managing enterprises pursuant to Clause 2, Article 17 of the Law on Enterprises 2020.

“Ghost” services or lack of responsibility

There is a risk of dealing with untrustworthy entities that collect fees but fail to complete the work, disappear entirely, or do not provide support when problems arise during the application process.

Failure to obtain proper licensing

Incorrect legal information, missing documents, or inaccurate declarations may result in the application being rejected or deemed invalid.

Hidden costs

Initially advertised as low-cost, but subsequently requesting additional fees for:

• Tax code registration;
• Purchase of digital signatures;
• Opening bank accounts;
• Registration for electronic tax filing.

Why choose the low-cost company formation services of Viet An Law?

Viet An Law’s commitments to clients

No hidden fees

• Viet An Law offers low-cost company formation service packages with transparent pricing from the outset. There are no unexpected surcharges or forced purchases of unnecessary services.
• All implementation costs are clearly communicated, agreed upon, reasonable, and transparent, with no additional hidden fees.
• Service packages include: Basic package, advanced package, and professional package.

Team of experienced lawyers

• Viet An Law is one of the reputable law firms in Vietnam with many years of experience in legal consulting, including investment advisory services. Its team of lawyers and specialists possess not only in-depth legal expertise but also strong knowledge of the financial market, ensuring that all investment decisions comply with the law and optimize profitability. Viet An Law can provide direct consultation in foreign languages, including English, Japanese, and Korean.
• Lawyers at Viet An Law will guide clients in developing safe investment strategies and protecting their assets against unwanted market fluctuations.

Professional customer care services

With a professional and dedicated working style, Viet An Law is committed to delivering the best service experience to clients. The client support team is always ready to answer questions and accompany clients throughout the entire investment process.

Personalized consultation

Each client at Viet An Law is approached individually, with customized investment solutions tailored to specific goals and needs. Lawyers and specialists listen carefully to clients’ requirements in order to propose the most appropriate investment strategies.

Comprehensive and diverse consultation

Viet An Law provides comprehensive consulting services, including market analysis, risk assessment, investment planning, and support in implementing related legal procedures. Services are not limited to providing investment recommendations but also include legal support throughout the investment process, company establishment, licensing, and dispute resolution, if any.

Reputation and confidentiality commitment

Viet An Law always places the reputation and confidentiality of client information as top priorities. All transactions and personal information of clients are strictly protected to ensure that their legitimate interests are fully safeguarded.

Company formation services of Viet An Law

Company formation service packages of Viet An Law

Basic Package Services:

• Registration of the Business Registration Certificate (Enterprise Registration Certificate);
• Registration of the Enterprise Identification Number (Tax Code);
• Registration and engraving of the Company Seal (high-quality, automatic self-inking seal);
• Publication of company establishment information on the National Business Registration Portal;
• Drafting of the Company Charter;
• Preparation of capital contribution dossiers / member or shareholder registers (depending on the type of enterprise);
• Consulting support and guidance for clients to self-perform initial tax procedures.

Advanced Package Services:

• Registration of the Business Registration Certificate (Enterprise Registration Certificate);
• Registration of the Enterprise Identification Number (Tax Code);
• Registration and engraving of the Company Seal (high-quality, automatic self-inking seal);
• Preparation of capital contribution dossiers / member or shareholder registers (depending on the type of enterprise);
• Publication of company establishment information on the National Business Registration Portal;
• Consultation and assistance in opening a bank account and submitting bank account notifications to the supervising tax authority;
• Completion of electronic tax filing registration procedures as required since 01 July 2015;
• Establishment of initial legal tax declaration dossiers at district-level tax departments;
• Preparation and submission of the business license tax declaration;
• Registration of the VAT calculation method under the credit (deduction) method;
• Production of a company signboard made of mica material, size 30 x 40 cm.

Professional Package Services:

• Registration of the Business Registration Certificate (Enterprise Registration Certificate);
• Registration of the Enterprise Identification Number (Tax Code);
• Registration and engraving of the Company Seal (high-quality, automatic self-inking seal);
• Preparation of capital contribution dossiers / member or shareholder registers (depending on the type of enterprise);
• Publication of company establishment information on the National Business Registration Portal;
• Consultation and assistance in opening a bank account and submitting bank account notifications to the supervising tax authority;
• Completion of electronic tax filing registration procedures as required since 01 July 2015;
• Establishment of initial legal tax declaration dossiers at district-level tax departments;
• Preparation and submission of the business license tax declaration;
• Registration of the VAT calculation method under the credit (deduction) method;
• Engraving of an automatic seal “Director + Director’s Name”;
• Engraving of a self-inking box seal with three lines “Tax Code + Name + Address …”;
• Production of a company signboard made of mica material, size 30 x 40 cm;
• Procedures for issuance of Value Added Tax invoices (VAT invoices) (completed after an additional 10 working days).

Important notes for enterprises when establishing a company from 01 July 2025

Comprehensive digital transformation

In 2025, Vietnam continues to promote administrative procedure reforms through:

• 100% online enterprise registration via the National Business Registration Portal;
• Submission of dossiers and receipt of results via email and electronic accounts.

Mandatory use of electronic invoices

From 2022 onward and continuing in 2025, all newly established enterprises must register for the use of electronic invoices immediately after being issued a tax identification number. This is a mandatory requirement under the Law on Tax Administration and Decree No. 123/2020/ND-CP.

Immediately after completing enterprise registration, business owners must:

• Register for the use of electronic invoices via the tax authority’s portal;
• Sign contracts with reputable electronic invoice software providers;
• Issue valid electronic invoices before conducting transactions with customers.

Failure to comply within the prescribed time limits may result in administrative penalties under applicable laws. Therefore, preparing this process in advance is extremely important.

Reduction in conditional business lines

Pursuant to Resolution No. 139/NQ-CP promulgating the Government’s plan to implement Resolution No. 198/2025/QH15 dated 17 May 2025 of the National Assembly on special mechanisms and policies for private economic development, the list of conditional business lines has been streamlined under the amended Law on Investment.

As a result, some common business sectors have removed requirements for sub-licenses or practicing certificates, simplifying and expediting company establishment procedures in 2025.

Example: Certain fields in education, brokerage, and consultancy services have reduced procedures or shifted to post-inspection mechanisms instead of prior licensing, creating more favorable conditions for newly established enterprises.

Declaration of beneficial owners from 01/07/2025

Under Article 17 of Decree No. 168/2025/ND-CP, a beneficial owner is an individual who can control or benefit from an enterprise, even if not named in the enterprise registration certificate. Accordingly, Article 18 of Decree No. 168/2025/ND-CP requires enterprises to declare beneficial owner information, including:

• Individuals who are shareholders owning 25% or more of the total voting shares;
• Individuals who are members owning 25% or more of the charter capital of partnerships or limited liability companies with two or more members;
• Individuals who are owners of single-member limited liability companies.

Business registration authorities after administrative mergers

Pursuant to Resolution No. 60-NQ/TW on the merger of provinces nationwide, many provinces have been merged and the headquarters of business registration authorities have been relocated. Therefore, when registering an enterprise, attention must be paid to the name of the competent business registration authority and the correct location for dossier submission.

The above constitutes Viet An Law’s consultation in response to the question: Is cheap company formation service in Vietnam trustworthy? If you have any other questions related to company establishment, please contact Viet An Law for detailed legal consultation.