We help expats live, work and start businesses in Vietnam.
Meet with a local lawyer to get legal advice on which kind of business type is the most suitable for your situation.
Find office space then for your business not only to have a place to work, but also as a specific office address is required by the government for the business license application. If you are not the legal representative of your business, you need to find a reliable partner.
Run your Vietnamese business which is now capable of hiring employees and committing to business contracts. There are some things you need to do such as getting a company stamp, registering for a tax code, setting up a company bank account and publicly announcing the establishment of your company. Recurring tasks include tax reports, accounting and paying the employees’ insurance.
What is the salary range in Vietnam?
It depends on the location, candidate and industry. Ho Chi Minh City has the highest salary levels in Vietnam. If the candidate speaks English fluently the salary is normally higher. The gross salary of manual labor workers is around $350 per month, for junior office administrative employees around $350, for junior developers or designers around $600-800 and middle managers or team leaders often earn $1,000-1,300.
How much is office rent in Vietnam’s major cities?
Of course it depends on the location, but in general, you could say that in Hanoi and Ho Chi Minh City it ranges between $7-15 per square meter for a normal office building and good location. For a high standard office building in a prime location it ranges between $18-30 per square meter. Virtual office space is available in prime location for the price of $50/ month.
What is the lowest possible company fund in Vietnam?
$10,000 for a foreign-owned company, and no specific requirement for Vietnamese-owned companies. Do note that this varies a lot based on the industry.