Starting a business in Vietnam can be a very good idea given the fact that this country is one of the most prolific economies in Asia. During the last several years, industries like IT, accounting, manufacturing, trading and research and development have grown quite a lot. However, in order to open a Vietnamese company in any of the fields mentioned earlier requires consulting different specialists which is how the consulting industry emerged.
Nowadays, setting up a consulting company in Vietnam is very popular, this sector being opened to both local and foreign enterprisers. Below, our company formation agents in Vietnam explain the requirements for setting up a consulting business in this country.
The first steps to have a consulting business in Vietnam
The company registration is the first step when opening a consulting company in Vietnam. While local investors can set up their businesses as sole proprietorships or limited liability companies, foreign entrepreneurs must register fully foreign-owned limited liability companies, unless they want to have a local partner.
No matter the type of business form chosen, our local consultants can guide you through the registration procedure of the Vietnam consultancy company.
Licenses for consulting companies in Vietnam
Compared to other jurisdictions in the same region, the Vietnam authorities are more relaxed when it comes to the licensing requirements related to offering consulting services. Consulting companies here need no special license to start operating, however, in order to have credibility the employees of such companies must have qualifications or sufficient experience in the field they want to operate.
You can also use a virtual office in Vietnam to create a consulting business.
Why open a company in the consulting sector in Vietnam?
According to recent statistics, consultancy is one of the fastest-growing industries in Vietnam with many of the companies operating in this field being in the startup phase. Surveys indicate the number of persons requesting consulting services in IT, human resources and business development has increased by approximately 40% in the last few years.
If you want to start a consulting company in Vietnam and need assistance, do not hesitate to contact our local specialists.