Vietnam is one of the most appreciated touristic destinations in Southeast Asia, which is why many foreign investors open companies in this industry. From travel agencies to hotels and restaurants, tourism is one of the most prolific sectors of Vietnam’s economy. The great number of visitors have also determined many private companies, as well as the authorities, to organize various events in order to promote the country and this is how the events management industry became popular in Vietnam.
Foreign investors are also welcomed to set up event management businesses in Vietnam as long as they respect the Investment Law and the Enterprises Act. Our company formation agents in Vietnam can offer information on the requirements imposed to foreign enterprisers who want to open event management companies.
The event management industry in Vietnam
The events which can be organized by a Vietnam company operating in this industry are numerous, among these being:
- corporate events.
Event management companies in Vietnam can also organize wedding receptions and trade fairs which are quite popular. These can be established with the help of a virtual office in Vietnam.
Registering an event management business in Vietnam
Foreign entrepreneurs who want to open event management companies in Vietnam must first register a company with the Business Registry which implies opening a corporate bank account, depositing a minimum share capital of 10,000 USD and obtaining a foreign investment certificate. These requirements apply to foreign-owned limited liability companies in Vietnam.
Our Vietnam company registration consultants can assist with the incorporation of this type of company. We can also help you register a trademark in Vietnam.
Licenses for companies in the event management sector in Vietnam
There are no special licenses which must be obtained by event management companies in Vietnam, however these will need to obtain approval from several authorities when organizing events. Among these, approvals from the city hall, police and fire departments.
Vietnam event management business also have the possibility to subscribe with the National Administration of Tourism in order to increase their visibility on the market.
For assistance in opening a business in the event management sector, please contact our company registration advisors in Vietnam. You are also invited to speak with our Vietnamese accountants if you require expert services for your business. If you have an established company, you should be aware that proclaiming licensing payments and making declarations to tax management authorities before January 30 of each year is required. You are welcome to consult with our legal professionals if you are a newly established business in Vietnam. They can provide you with more specific guidance.