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Is a city company the right route in Vietnam?

Vietnam has no mainland licence in the Gulf sense: a company registered in a city, outside any zone, is a nationwide company under national law. Full foreign ownership is the default nationwide, subject to the market-access conditions. This is how to tell whether a city company fits you.

Investment registrationThe project behind the company
Enterprise registrationA national company
ImmigrationWork permits & TRCs
BanksAccount-readiness context

What a city company actually gives you

A national company that can sell across Vietnam, with an office you lease in the city rather than a site you rent from a zone.

A tree-lined avenue between office towers in a Vietnamese city

Sell across Vietnam

Invoice customers anywhere in the country, without the import formalities an export-processing enterprise faces on every domestic sale.

Founders walking on a tree-lined Vietnamese street

Full foreign ownership

The default nationwide, subject to the market-access conditions and the conditional-business list — the same list inside and outside every zone.

A man at an office window over a Vietnamese city

An office, not a sublease

The registered address is an office you lease in the city, not land or a factory rented from a zone developer. Until you lease your own, a virtual office in a commercial building can serve as that address.

Documents and a folder on a desk in morning light

One national company

The enterprise registration is national and only the project is registered locally, so the company survives a later move.

Conditions and trade-offs

A city company is the default route for selling in Vietnam. The conditions that decide it are the same national ones every foreign investor meets.

How a city company is set up

Indicative sequence shown. Conditional sectors can add approvals before registration.

  1. 01Confirm the conditionsActivity, ownership and any conditional line checked before filing.
  2. 02Choose the city and officeThe province decides the licensing office and the tax office.
  3. 03Investment registrationThe project file is lodged — before or after the company, depending on the route.
  4. 04Enterprise registrationThe company is registered; its enterprise code is also its tax code.
  5. 05Capital accountThe direct investment capital account opens and the charter capital is contributed.
  6. 06PeopleWork permits, visas and residence cards run in their fixed order.

Founders and teams who pick a city company.

Banking and capital accounts.

A foreign-owned entity needs a Direct Investment Capital Account before charter capital can be paid in, and the window is 90 days from licensing. We prepare the pack, coordinate with your chosen bank, and track the deadline.

Request a consultation

Is a city company the right route for you?

Tell us the activity, the customers and the city. We check the market-access conditions and set out the route, the premises and the order of the filings.

  • A dedicated specialist reviews your case.
  • Fixed scope in writing before any work begins.
  • Avg reply 3 minutes on WhatsApp, 24 × 7.

Request a consultation

No obligation. We tell you if it is not the right route.

What do you need help with?

Compare the other routes

Talk to a Vietnam specialist

What clients say

Frequently asked

Do I need a zone to own 100% of my company in Vietnam?
No. Full foreign ownership is the default nationwide under the Investment Law 143/2025/QH15, subject to the market-access conditions for foreign investors and the conditional-business list, which is the same list inside and outside every zone. A zone changes which board issues the investment registration certificate; it does not change who may own the company. Since 1 March 2026 a foreign investor may even form the company before applying for the certificate.
Does Vietnam have free zones?
Not in the Gulf sense. There is no zone authority that is licensing body, registrar and immigration sponsor in one. Vietnam has industrial parks, export-processing zones, hi-tech parks and economic zones, each with a management board that issues the investment registration certificate and a developer that leases the land, and a national company law, tax law and customs law that apply inside and outside the fence.
Can I move from a zone to the city, or to another zone, later?
Yes, and the company survives the move — the enterprise registration is national and only the project is registered with a board. Leaving means transferring or terminating the project under the Investment Law, surrendering the sublease and, for an export-processing enterprise, dealing with its duty-exempt assets.
Is there a Vietnamese offshore company?
No. There is no Vietnamese offshore registry. What advisers call the offshore structure is a foreign holding company — in Singapore, Hong Kong, the UAE or elsewhere — owning the Vietnamese limited liability company, which changes who owns the Vietnamese company and where dividends go and nothing about its tax, customs status or premises.
What changed with the 2025 provincial mergers?
Resolution 202/2025/QH15 merged the provinces into 34 units from 1 July 2025 and abolished the district level. Ho Chi Minh City absorbed Binh Duong and Ba Ria – Vung Tau, and Da Nang absorbed Quang Nam. For a founder the consequence is a licensing board and a tax office that may have changed name or seat.
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