Can a foreigner open a company in Vietnam without visiting?

Can a foreigner open a company in Vietnam without visiting?

Over the years, I’ve met many foreign investors who ask me the same question:
“Is it possible to open a company in Vietnam without actually being there?”

It’s a practical concern — and one that reflects the reality of today’s cross-border business world. Many investors are exploring Vietnam’s market from afar, managing multiple ventures at once, or simply not ready to relocate before their business is officially set up.
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The short answer is yes — in most cases, it is.
Vietnam’s business environment has become increasingly open and digitalized, allowing investors to handle much of the process remotely.

You can now authorize a local representative or consultant to prepare and submit the necessary documents on your behalf. With properly notarized and legalized documents (such as your passport, power of attorney, and investment registration forms), applications can be filed online through the National Business Registration Portal.

In other words, the foundation of your company — from registration to licensing — can often be completed without you physically present.

However, certain steps still require in-person verification. For instance, opening a corporate bank account, receiving the business license, or completing post-registration declarations may need your presence or that of your authorized representative. These steps depend on the bank’s internal policy or specific licensing requirements.
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When is it not possible?

There are a few exceptions.
If your intended business falls under conditional or restricted investment sectors, or if your documents are not properly legalized according to Vietnamese regulations, the authorities may require direct verification.

This follows the Law on Investment and Law on Enterprises, which ensure that foreign-owned companies are established under transparent, verified, and compliant conditions.

So while Vietnam is flexible, compliance remains the key.
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If you’re planning to invest in Vietnam but cannot travel at the moment, don’t worry — we can help you handle everything from document preparation to company registration.