A Vietnamese special purpose vehicle, shortly known as SPV is an entity established with a specific objective. It is also referred to as a subsidiary. Among its uses are securing financing for various projects or the creation of a structured investment vehicle or securitization.
If you want to open a SPV company in Vietnam, you can rely on our local consultants. We offer tailored company formation services in Vietnam for foreign investors and enterprises.
The special purpose vehicle can take one of the forms established by the Vietnamese Company Law. For overseas investors, one of the preferred entities is the foreign-owned enterprise.
The main stages for opening a company in Vietnam to operate as a SPV are:
For the second step, there are several documents that need to be prepared by the SPV owner. Among these:
Following these stages, the company can then open the bank account and register for taxation purposes in Vietnam.
You can rely on our Vietnamese company registration agents for guidance during the incorporation procedure.
If you decide to set up a SPV Company in Vietnam, you should note that such entities are usually employed for specific purposes. Such companies are usually used for accounting, tax, and insolvency purposes since they are independent of the investors/companies that set them up.
Other uses imply:
Most of the time, SPV companies are used to create investment funds in Vietnam. Our company formation agents in Vietnam can also assist with the establishment of investment funds.
Based on the reason for creation, there are several types of SPVs that can be opened in Vietnam. Some of the most common are:
Please note that in the case of project-based SPVs in Vietnam, special regulations apply, such as having a specific share capital and obtaining additional licenses.
From a financial point of view when it comes to the SPV, you can get in touch with our accountants in Vietnam.
Here is also a video guide on this entity:
According to recent data:
If you want to open a SPV company in Vietnam and need assistance, please contact us.