Services for establishing foreign-invested companies in Cao Bang province.

1. General Introduction Company formation services for foreign-invested companies in Cao Bang province.

Vietnam is currently an attractive destination for foreign investors thanks to its relatively stable political environment, competitive labor costs, a system of free trade agreements (FTAs), and tax incentives for certain industries. These advantages make it easier for foreign businesses to access the market and expand exports from their Vietnamese bases.
However, compared to establishing a domestic company, the procedures for foreign investors are often more complex: typically, an Investment Registration Certificate (IRC) must be obtained before registering the business; at the same time, the application needs to demonstrate financial capacity, investment plan, and compliance with regulations of the business sector.
PMH – Phu My Hung Tax Accounting Co., Ltd. – provides comprehensive services to support the establishment of foreign-invested companies in Ho Chi Minh City and other provinces. With experience advising numerous FDI businesses, PMH helps investors shorten the time, complete required documents, and minimize legal risks when establishing a company in Vietnam.

2. Benefits of using services at PMH

Understanding Vietnamese law and international practices: PMH’s team of lawyers and FDI experts thoroughly explains regulations related to company establishment in Vietnam: from the Investment Registration Certificate (IRC), Enterprise Registration Certificate (ERC), to industry requirements and reporting obligations. This ensures foreign investors understand “what to do” at each step, avoiding legal errors and reducing administrative risks.
Saving time and reducing procedures: PMH represents clients in drafting and submitting applications, coordinating explanations with the Department of Planning and Investment and the business registration authority, helping to shorten the time for applying for an IRC and registering a company. With a clear process, many business clients have shortened the process compared to doing it themselves.
Strategic consulting and optimizing incentives: PMH helps select the appropriate business type, shareholder structure, and business location to take advantage of investment incentives (e.g., industrial parks, economic zones) and reduce operating costs. Choosing the right business sector from the outset also avoids the need for additional procedures later.
Comprehensive support from A to Z: PMH’s services include investment consulting, preparation of investment registration certificate applications, business registration, completion of initial tax procedures, opening corporate bank accounts, providing accounting services, and personnel support as needed — helping investors confidently operate their companies after establishment.
Information security and cost transparency: PMH is committed to protecting customer records, providing transparent service pricing, and clearly explaining all applicable government fees. Corporate clients are always aware of the costs involved in company formation and can develop optimal plans that align with their investment capital.

3. Conditions for establishing a foreign-invested company in Cao Bang province.

Investors: Foreign individuals or organizations must be legally established under the laws of their host country and possess documentation proving their legal capacity. For individuals: a valid passport; for organizations: a business registration certificate or establishment license (certified copy or legalized/notarized translation if the document is from a foreign country). PMH advises on how to prepare these documents to meet the requirements of the licensing authority.
Business Sector: Investors are only permitted to operate if their business sector is not on the prohibited list. Some sectors are on the conditional list (e.g., education, real estate, logistics, e-commerce, etc.) requiring professional certifications, registered capital, or sub-licenses. PMH assists in checking the list of business sectors according to the regulations of the governing body to identify any additional procedures that need to be followed from the outset.
Business location: There must be a legal basis for carrying out the project (office lease, factory lease, or industrial park lease). The location not only affects business registration procedures but also determines the eligibility for investment incentives (e.g., location within an industrial park or economic zone). PMH advises on choosing a suitable headquarters to optimize tax benefits and procedures.
Investment capital and proof of financial capacity: Investors need to demonstrate financial capacity commensurate with the project scale through bank statements, financial reports, or capital contribution commitments. The amount of capital depends on the type of business and industry requirements (some industries have statutory capital requirements). PMH assists in assessing the necessary capital level and provides guidance on how to prove the source of funds according to regulations.

4. Documents required for establishing a foreign-invested company in Cao Bang province.

4.1. Application dossier for an Investment Registration Certificate (IRC)

The investment project proposal document should briefly describe the objectives, feasibility, expected products/services, and commitments of the investor.
Financial capacity report: bank statements, most recent financial reports, or a letter of commitment to contribute capital — demonstrating that the investor has sufficient resources for the scale of the project.
Detailed project proposal: objectives, scale, estimated investment capital, implementation schedule, location, and capital utilization plan. This document helps the certification body assess the feasibility and economic efficiency of the project.
Lease agreement or documents proving land/factory use rights (if any): office lease agreement, warehouse lease agreement, or documents for leasing space in an industrial park — note: copies must be certified and, if foreign documents, consular legalization/legalization as required.
Investor’s legal documents: passport (for individuals) or business registration certificate/establishment license of a foreign organization (certified copy or legalized copy). Foreign documents usually require a notarized Vietnamese translation.

4.2. Application dossier for an Enterprise Registration Certificate (ERC)

The application for business registration must be completed using the form provided by the registration authority (fill in all information including company name, address, and business activities).
Company charter: drafted in accordance with the Enterprise Law, consistent with the capital structure including foreign investors (shareholder rights, capital contribution, conditions for share transfer if any).
List of founding members/shareholders: clearly state the capital contribution ratio, nationality, contact address, and identification document number.
Documents verifying the legal representative: a copy of the passport/identity card, and a power of attorney (if the applicant is authorized). If the representative is a foreigner, a certified Vietnamese translation is required.

Practical suggestion: PMH provides an easy-to-print checklist (columns: Document Name | Who Prepares | Certification/Legalization Requirements | Notes) to help clients quickly prepare and submit documents. If the documents are provided by a foreign organization, PMH will advise on consular legalization procedures and certified translation to ensure the documents are valid upon submission.

5. The process of establishing an FDI company in PMH

Step 1 — Legal and Investment Strategy Consulting:

PMH conducts a preliminary analysis based on investor requirements: assessing the business sector, legal conditions, projected capital level, and selecting the appropriate business type. At this stage, we also advise on business location selection (Ho Chi Minh City or industrial park) to optimize investment incentives and operating costs. (Result: proposed investment plan, list of required documents).

Step 2 — Preparing the application for an Investment Registration Certificate (IRC):

PMH prepares the entire IRC application dossier according to regulations: project implementation request document, detailed project proposal, financial capacity report, site lease contract or land use right certificate, and other legal documents of the investor (passport, foreign organization registration certificate). PMH represents the investor in submitting the dossier and monitoring and providing explanations to the Department of Planning and Investment until the Investment Registration Certificate is received.

Step 3 — Completing the Enterprise Registration Document (ERC) and Company Formation:

After obtaining the IRC, PMH prepares the application for the Enterprise Registration Certificate (ERC): drafting the company charter, list of shareholders/members, documents of the legal representative, and registration forms. We submit the application to the enterprise registration authority, monitor the procedure, and receive the registration certificate.

Step 4 — Engraving the company seal, publishing information, and completing public disclosure procedures:

After receiving the ERC, PMH assists in engraving the company seal, carrying out the procedures for publishing business information according to regulations, and providing guidance on storing the company’s registered office and original documents. (Note: publishing information is a mandatory step when establishing a company in Vietnam).

Step 5 — Completing initial tax and banking procedures:

PMH handles tax code registration, electronic invoice registration, assists in opening a corporate bank account (including an investment capital account if needed), and registers a digital signature for the representative. We also guide you through paying fees and business license taxes as required to ensure your business operates legally.

Step 6 — Post-establishment operational and compliance support:

PMH advises on setting up accounting systems, maintaining accounting records, and preparing periodic tax reports (VAT, CIT, PIT). We assist with reporting investment status to the Department of Planning and Investment as required, and provide consulting on recruitment, labor registration, and social insurance if the business needs to hire personnel. PMH’s post-establishment services help FDI businesses stabilize operations and comply with the law.

Estimated timelines for each step:

obtaining an IRC typically takes 15–20 working days (depending on the Department of Planning and Investment and the completeness of the application), business registration after receiving the IRC takes about 3–7 days, and completing tax/banking procedures takes 7–15 days. Projects in regulated industries or requiring sub-licenses may take longer. If you wish, PMH will send you a detailed timeline for your specific project immediately after the initial consultation.

6. Implementation time Company formation services for foreign-invested companies in Cao Bang province.

Issuing IRC: The processing time is typically around 15–20 working days if the application is complete and no further assessment is required. However, this timeframe may vary between the Departments of Planning and Investment in different localities.
Issuing the ERC: After obtaining the IRC, the business registration procedure (issuing the Business Registration Certificate) usually takes about 3-7 working days if no amendments to the application are required.
➡️ Estimated total processing time: 20–30 business days for the entire process from applying for an IRC to receiving an ERC, provided the application is complete and the business does not require any sub-licenses. The following factors may extend the processing time:
The application is incomplete or requires corrections or additional documents.
Sectors requiring specific permits (e.g., education, healthcare, real estate, logistics).
Additional assessment required (environment, fire safety, occupational safety, etc.).
Time required for legalizing/authenticating foreign documents (translation, consular legalization).

To shorten the process, PMH recommends preparing a complete application according to the checklist, legalizing and translating foreign documents before submission, and using our application submission representation service for quick processing and progress tracking with the authorities. You can check the application checklist in the Documents section (item 4) or request a consultation so PMH can provide a detailed timeline tailored to your project.

7. Service fees Company formation services for foreign-invested companies in Cao Bang province.

The cost of establishing a company typically includes two main parts: PMH’s consulting service fees and state administrative fees and costs (application fees, certificate issuance fees, notarization/authentication fees, legalization/translation fees for foreign documents, etc.). The actual cost varies depending on the industry, the project location (e.g., Ho Chi Minh City or an industrial park), and the size of the company’s investment capital.
PMH is committed to transparent pricing: during the initial consultation, we will provide a list of estimated costs, clearly distinguishing which parts PMH is responsible for and which parts the client pays to the relevant authorities. Any additional costs (if any) will be communicated and explained before implementation.

Reference table (estimated) for business customers:

Cost category	Describe	Reference range (VND)
PMH Consulting Service Fees	Document preparation, representation for submission, legal advice – from basic to comprehensive packages.	10,000,000 – 50,000,000
State fees	Fees for application submission, certificate issuance, and notarization.	500,000 – 10,000,000
Legalization/Translation Costs	Certified translation and consular legalization for foreign documents.	1,000,000 – 15,000,000
Stamp engraving and publication fees	Engraving of company seals, fees for publishing business information.	200,000 – 3,000,000
Costs of opening a bank account	Service fees for assisting in opening business accounts and foreign capital accounts.	0 – 2,000,000

Note: The table above is for reference only to help businesses visualize the overall costs of company formation. To receive an accurate quote, please request a quote (fill in project information, industry, location, and estimated capital) — PMH will send a detailed and transparent price list based on the service package suitable for the client.

8. Special notes for foreign investors

Capital Contribution on Time: After receiving the Business Registration Certificate, investors need to contribute capital as committed in the company’s charter. Typically, the capital contribution deadline is stated in the Business Registration Certificate or the company’s charter; in many cases, it is stipulated to be completed within 90 days from the date of issuance, but investors should check the specific terms to avoid legal violations and administrative risks.
Conditional business sectors: Some sectors (e.g., education, healthcare, logistics, real estate, e-commerce) require sub-licenses, professional certifications, or statutory capital. Before deciding on a business sector, investors should check the list of sectors regulated by the relevant authority to determine any additional procedures that need to be followed.
Investment incentives: Projects implemented in industrial parks, economic zones, or other preferential areas may enjoy exemptions or reductions in corporate income tax, preferential import of equipment, or other support as stipulated. PMH advises on site selection and prepares the necessary documents to optimize these benefits for investors.
Regular reporting and compliance after establishment: FDI enterprises must submit investment status reports (quarterly/annually) to the Department of Planning and Investment that issued the Certificate of Investment, and comply with accounting and tax obligations according to the Accounting Law and the Tax Law. Timely reporting helps enterprises maintain investment rights and avoid the risk of administrative penalties.

Quick checklist for investors in the first 90 days:

Complete the capital contribution as committed in the charter (check the clause on the Certificate of Ownership).
Register for a tax identification number, pay business license fees, and register for electronic invoices.
Open a corporate bank account and (if needed) a foreign investment account.
If hiring: register the employee and enroll them in social insurance.
Establish an initial accounting system or hire professional accounting services to ensure compliance.

For example: if a business intends to operate in the education sector, in addition to IRC and ERC, it also needs to apply for an educational operating license according to the relevant Decree/Circular — PMH will check the specific regulations and guide the preparation of the necessary documents for the sub-license to shorten the time required for these additional procedures.

If you have specific questions about industry or investment terms, please contact PMH for detailed advice and a sample periodic report tailored to your business.

9. Tasks to be performed after establishing an FDI company

Within the first 7 days: After receiving the Business Registration Certificate, the business needs to register for a tax code with the tax authority, receive the tax code, and pay the business license fee as prescribed. PMH will assist in submitting the tax registration application, preparing the necessary documents, and guiding the procedures to ensure the representative completes the process quickly.
Within 15–30 days: Complete the procedures for opening a corporate bank account (including an investment capital account if the project has foreign capital), register the digital signature for the representative, and if the business employs staff, register employees and pay social insurance for them. Note: banks usually require the original Business Registration Certificate, the representative’s ID card/passport, and the capital contribution record/documents proving capital (if opening a capital account).
Periodically: Businesses must declare and pay taxes as required (VAT, corporate income tax – CIT, personal income tax – PIT), and maintain electronic invoices and accounting records in accordance with the Accounting Law. PMH provides accounting services and supports the preparation of periodic reports to help businesses comply with deadlines and standards.
Hiring professional accounting and auditing services ensures compliance with the law and the preparation of financial/audit reports when needed (for example, when the business requires a mandatory audit or when reporting to investors/banks). PMH offers comprehensive accounting and auditing services tailored to the specific needs of corporate clients.
Investment Status Reporting: FDI enterprises must submit periodic reports (quarterly/annually) to the Department of Planning and Investment that issued the Investment Registration Certificate. PMH assists in preparing report templates, compiling data, and submitting them on time to help businesses maintain their investment rights and avoid penalties.

Quick checklist (by time):

Within 7 days: submit tax registration documents, receive tax identification number, pay business license fee.
Within 15–30 days: open a business bank account (original business registration certificate required), register for a digital signature, complete labor and insurance procedures if hiring.
Regularly: implement accounting systems, prepare and submit tax returns (VAT, CIT, PIT), and archive electronic invoices.
Investment report: Submit investment status reports as required by the Department of Planning and Investment (quarterly, annually).

If you require comprehensive support after company formation — from opening bank accounts, tax registration, human resource management to accounting and auditing services — PMH offers post-establishment service packages suitable for foreign-invested businesses. Contact us for a detailed quote and implementation plan.

10. PMH’s commitment to foreign investors

Professional – Transparent – Timely: PMH is committed to providing company formation services with a clear process, transparent pricing, and quick responses to clients. Every step of the procedure and document submission is clearly communicated to investors so they understand the progress and any additional costs (if any).
Support from the initial investment phase to long-term operation : PMH provides ongoing support — from strategic consulting, drafting applications for Investment Registration Certificates and business registration, representing clients in filing applications, to assisting with accounting, tax compliance, and periodic reporting after company establishment. We design service packages tailored to the needs of businesses and foreign investors.
Expert team: PMH brings together experienced lawyers, accountants, and auditors with expertise in FDI businesses, knowledgeable about Vietnamese law and implementation practices — ready to advise on capital structure, legal representatives, conditional business procedures, and how to demonstrate financial capacity.
Strategic partnership for business expansion in Vietnam: PMH helps investors reduce legal risks, optimize investment incentives (e.g., selecting preferential industrial zones or locations), and ensure businesses comply with regulatory procedures. Our goal is to help clients operate and develop sustainably in the Vietnamese market with peace of mind.

Want to get started? Contact PMH today for a free 30-minute strategic consultation and a quote for company formation services tailored to your project.

11. Frequently Asked Questions (FAQ)

Can foreigners own 100% of capital in Vietnam?

Answer: It is possible, but it depends on the business sector. Some sectors are restricted or require joint ventures, while others fall under conditional categories (requiring sub-licenses, professional certifications, or statutory capital). PMH will check your intended business sector against legal regulations and advise on a suitable ownership/capital structure plan.

Is it necessary to have a Vietnamese partner to contribute capital?

Answer: It is not mandatory in most industries. However, some industries require joint ventures or have limits on foreign investor ownership. Depending on the business sector and investment objectives, PMH will advise on whether to establish a joint venture or a wholly foreign-owned company to optimize incentives and minimize legal risks.

How long does the procedure take?

20-30 working days from the time of application submission to receiving the Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC) if the application is complete and the project does not fall under conditional business sectors. Cases requiring sub-licenses, additional assessments, or foreign documents that have not yet been legalized may take longer.

What is the minimum investment required?

Answer: There is no general minimum capital requirement for all projects; the capital level depends on the project size, industry, and legal requirements (some industries have statutory capital requirements). PMH assists in assessing the appropriate capital size, demonstrating financial capacity (bank statements, financial reports, capital contribution commitments), and preparing supporting documents as required by the licensing authority.

After establishing a foreign direct investment (FDI) company, is mandatory auditing required?

Answer: Businesses are required to prepare financial statements and may be subject to audits as per regulations (for example, when subject to mandatory audits under the Independent Auditing Law, or at the request of shareholders or banks). PMH advises on the reporting schedule, audit requirements, and recommends professional auditing firms suitable for the business.

Which documents require translation and consular legalization?

Answer: The investor’s legal documents (business registration certificate/establishment license of a foreign organization, personal passport) usually need to be translated into Vietnamese and notarized/certified; some documents require consular legalization depending on the requirements of the competent authority. PMH provides detailed guidance on each type of document, the translation process, and legalization to ensure the application is accepted upon submission.

What documents do I need to submit to set up a company?

Answer: The main documents include: project proposal, detailed project proposal, financial capacity report, lease/headquarters contract, business registration application form, company charter, list of shareholders/members, and representative documents. PMH provides a detailed document checklist and is ready to assist in drafting, legalizing, and submitting documents on behalf of clients.

How can I get quick advice from PMH?

Answer: PMH offers a free 30-minute initial consultation to assess your project and guide you through the document checklist. You can send your questions via email or call our hotline — PMH is committed to responding quickly and is ready to send you sample documents and a quote for company formation services tailored to your needs.

Do you have any further questions? Send your detailed inquiry to PMH — we are committed to responding within 24 business hours and assisting with document preparation and submission for business registration or sub-licenses as required.

12. Conclusion & CTA

Establishing a foreign-invested company in Vietnam presents a great opportunity to expand markets and take advantage of cost benefits and investment incentives. However, this opportunity comes with a series of administrative procedures, requirements to demonstrate financial capacity, and compliance with legal regulations. With extensive experience advising on numerous FDI projects, PMH assists investors in quickly completing documentation, ensuring compliance with regulations, and optimizing costs to enable projects to operate efficiently as soon as possible.

Need immediate assistance? Contact PMH now for a free 30-minute consultation and a detailed document checklist for your company formation project. PMH will send you a transparent timeline and price quote based on your chosen service package.

Hotline: +84 97 111 2118 • Email: phumyhungconsulting@gmail.com • Business Hours: 08:00–17:30 (Monday–Friday).

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