1. How to establish a company in Da Nang

Procedures for establishing a company in Da Nang are relatively simple, with quick processing time. Preparing complete and accurate documents will help businesses shorten time and quickly go into operation.

• Choose the type of business

Investors choose the type that suits their business needs, including:

1. One-member limited liability company;
2. Limited liability company with two or more members;
3. Joint stock company;
4. Private enterprise.

• Prepare business information

It is necessary to determine the basic contents:

Business name (not identical or confusing);

Legal head office address;

Business lines and occupations;

Charter capital;

Legal representative.

•  Prepare business registration documents

Documents are prepared according to the provisions of Decree 01/2021/ND-CP on business registration, including:

Application for business registration;

Company charter;

List of members or shareholders (if any);

Copies of legal documents of individuals/organizations contributing capital;

Authorization document (if any).

• Submit business registration application

Enterprises submitting applications:

Online through the National Information Portal on business registration; or

Directly at the Business Registration Office under the Department of Planning and Investment.

• Receive Business Registration Certificate

Within 03 working days from the date of receiving complete and valid documents, the business registration agency will issue a Business Registration Certificate.

• Carry out procedures after establishment

After being granted a license, businesses need to do:

Engrave company seal;

Open a bank account;

Initial tax registration;

Register to use electronic invoices;

Contribute full charter capital within 90 days.

2. Registration period

The total time to register and put a business into operation is usually:

03 – 05 working days: for domestic companies;

25 – 35 working days: for companies with foreign capital.

The time for business registration in Vietnam is implemented according to the provisions of the Enterprise Law 2020 and related guiding documents. Under valid application conditions, processing time is relatively fast.

a. Domestic company registration time

For businesses established by Vietnamese individuals and organizations:

Time to issue Business Registration Certificate: 03 working days from the date of receipt of complete and valid documents;

Actual time (including document preparation): about 03 – 05 working days.

b. Time to register a company with foreign capital

For businesses with foreign investors, the procedure includes 2 steps:

Issuance of Investment Registration Certificate (IRC): 10 – 15 working days;

Issuance of Enterprise Registration Certificate (ERC): 03 – 05 working days.

Total time: about 20 – 30 working days, depending on industry and profile.

c. Completion time for the company to go into operation

After being granted a license, businesses need to do the following:

Engraving business seal;

Open a bank account;

Register for taxes and electronic invoices.

Time: about 05 – 07 working days.

3. Factors affecting registration time

Although the legal time frame is relatively short, the actual registration time can be affected by a number of factors:

• Documentation is incomplete or inaccurate
• Conditional investment industries and professions
• Require legalization of foreign investor’s documents
• Delays in administrative processing

To avoid delays, it is essential to ensure that all documents are accurate and comply with legal requirements.

4. Onelaw Professional support for company establishment in Da Nang

With the multi-layered legal procedures involved, many foreign investors choose to work with experienced legal advisors when establishing their presence in Vietnam.

Professional firms like OneLaw Vietnam provide integrated legal services to foreign investors, including investment structuring, licensing application preparation, coordination with regulatory agencies and post-incorporation compliance support.

Engaging a professional lawyer can significantly streamline company formation in Da Nang, ensuring regulatory compliance while allowing investors to focus on strategic business planning and market penetration.

Conclusion

In short, establishing a company in Da Nang is a relatively simple process supported by a clear legal framework under the Enterprise Law 2020 and its guiding regulations. The procedure includes main steps such as choosing a suitable business structure, preparing necessary information and documents, submitting the application and completing post-registration requirements.

Regarding time, effective registration time usually takes 03 – 05 working days for domestic enterprises and 20 – 30 working days for foreign invested enterprises, requiring a few more days to complete post-establishment procedures before fully operating.

However, actual processing time may vary depending on factors such as completeness of documents, conditional business lines, and administrative procedures. Therefore, ensuring compliance and accuracy from the start is essential to avoid delays.

Especially for foreign investors, professional legal support can help streamline the process, ensure regulatory compliance and facilitate smooth market entry into Da Nang.

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