About Business Registration Law in Hanoi, Vietnam
The business registration law in Hanoi, Vietnam is governed by the Enterprise Law of Vietnam. This law facilitates the procedure for starting and operating a business in the country. The business registration process requires foreign companies to obtain an investment registration certificate and a business registration certificate from the Department of Planning and Investment. Foreign investors are allowed to form 100% foreign-owned companies, joint ventures with Vietnamese partners, and holding companies.
Why You May Need a Lawyer
Business registration in Hanoi can be a complex process, with various requirements that need to be fulfilled. A lawyer can guide you through the legal intricacies involved in setting up a business, assisting with documentation, and ensuring compliance with local regulations. Legal assistance is particularly useful when dealing with taxation, labor law, and real estate law aspects. If things get complicated, a lawyer can also represent you in negotiations or in court.
Local Laws Overview
The key aspects of local laws relevant to business registration in Hanoi include the Enterprise Law and the Investment Law of Vietnam. The Enterprise Law covers the establishment, management, reorganization and dissolution of business entities. The Investment Law regulates business investment activities, ensuring the rights and obligations of all investors. Regulations on tax obligations, environmental responsibilities, labor laws and property rights are other essential legal aspects to note. All businesses must also comply with the Anti-corruption Law and the Law on Competition.
Frequently Asked Questions
How long does it take to register a business in Hanoi?
It typically takes from 6 to 8 weeks to register a business fully in Hanoi. However, this can vary depending on the type of business and the nature of the investment.
Can a foreigner own a business in Hanoi?
Yes, foreign individuals or entities can own 100% of a business in Hanoi. They can also form joint ventures with Vietnamese partners or set up holding companies.
What types of businesses can I register in Hanoi?
You can register various types of businesses in Hanoi, including limited liability companies, joint-stock companies, partnerships, sole proprietorships, and representative offices.
Do I need to have a physical office to register a business in Hanoi?
Yes, to register a business in Hanoi, you must have a physical office. The local authorities need to verify the office location as part of the registration process.
What regulatory authorities oversee business registration in Hanoi?
The regulatory authority for business registration in Hanoi is the Department of Planning and Investment.
Additional Resources
For those needing legal advice, consider consulting the Ministry of Planning and Investment (MPI). Local organizations like the Hanoi Small and Medium Enterprises Association, and the Vietnam Chamber of Commerce and Industry (VCCI) can also provide support. Online resources include the Legal Portal of Vietnam and websites of international law firms operating in Vietnam.
Next Steps
If you require legal assistance in Business Registration, it's advisable to hire an experienced business lawyer in Hanoi. This professional can navigate the legal requirements and make the process more manageable. Contact the Department of Planning and Investment or a business advisory firm for more information and start your journey towards setting up a business in Hanoi.
Lawzana helps you find the best lawyers and law firms in Hanoi through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Business Registration, experience, and client feedback.
Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.
Get a quote from top-rated law firms in Hanoi, Vietnam - quickly, securely, and without unnecessary hassle.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please
contact us, and we will review and update it where appropriate.
