In order to do business legally in Vietnam, you should register your business with the appropriate authorities. In order to do this, you first need to decide which legal form is suitable for your business.

When trying to choose the most suitable legal form for your business, you need to consider the following:

What would be your personal financial liability if your business fails to do well? Your personal financial liability as owner of the business would be different according to the legal form you choose. To learn about your personal financial obligations, read your legal form options according to Enterprise Law 2005 below.

Under the Enterprise Law 2005, your options you have in respect of the legal form of your business  are the following:

   1. Private enterprise
   2. Partnership
   3. Limited liability company
   4. Shareholding company
   5. Household business

You can find basic information about the legal forms of business in this Portal. We also advise you to study the legal documents: Enterprise Law 2005 and the Government Decree 88/2006/ND-CP on Business Registration. In case you do not feel confident about making the correct choice about the legal form of your business.

Collecting as much information as possible from as many qualified persons as possible would help you much. Money and time you might have to invest in choosing the suitable legal form for your business at the start can save you much more money or effort afterwards.