{"id":935,"date":"2023-06-01T09:06:31","date_gmt":"2023-06-01T09:06:31","guid":{"rendered":"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-vietnam\/"},"modified":"2023-07-12T12:58:29","modified_gmt":"2023-07-12T12:58:29","slug":"company-formation-comparison-singapore-vs-vietnam","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-vietnam\/","title":{"rendered":"Company Formation Comparison: Singapore Vs. Vietnam"},"content":{"rendered":"\n<p>Opening a company in an Asian country is very appealing to foreign investors who address the Chinese market which is one of the largest markets in the world.&nbsp;<strong>Singapore<\/strong>&nbsp;has a good trading relation with all Asian countries, among which China,&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-formation-comparison-singapore-and-hong-kong\" target=\"_blank\" rel=\"noreferrer noopener\">Hong Kong<\/a><\/strong>,&nbsp;<strong>Vietnam<\/strong>&nbsp;and so on. This article\u2019s subject is a&nbsp;<strong>comparison between Singapore and Vietnam&nbsp;<\/strong>related to the&nbsp;<strong>company registration process<\/strong>. Our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore company formation agents<\/a><\/strong>&nbsp;can help foreign investors open a company in the city-state.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-vietnam\/#singapore-and-vietnam-in-terms-of-foreign-investments\" title=\"Singapore and Vietnam in terms of foreign investments\">Singapore and Vietnam in terms of foreign investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-vietnam\/#company-formation-in-singapore-vs-company-formation-in-vietnam\" title=\"Company formation in Singapore vs. company formation in Vietnam\">Company formation in Singapore vs. company formation in Vietnam<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"singapore-and-vietnam-in-terms-of-foreign-investments\"><\/span><strong>Singapore and Vietnam in terms of foreign investments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Both&nbsp;<strong>Singapore and Vietnam<\/strong>&nbsp;<strong>are<\/strong>&nbsp;countries&nbsp;<strong>open to welcoming foreign enterprisers<\/strong>. While&nbsp;<strong>Vietnam<\/strong>&nbsp;allows overseas investors to&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/set-up-limited-liability-company-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">open limited liability companies<\/a><\/strong>&nbsp;100% foreign owned the same as Singapore, however the city-state is far more friendly when it comes to the incentives granted to foreign investors by the government. It is also a known fact that&nbsp;<strong>Singapore also encourages the establishment of crowdfunding platforms<\/strong>&nbsp;which is a valuable source of financing for startup businesses.<\/p>\n\n\n\n<p>You can rely on our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/why-us\" target=\"_blank\" rel=\"noreferrer noopener\">specialists<\/a>&nbsp;<\/strong>who can help you&nbsp;<strong>open a company in Singapore<\/strong>&nbsp;and can also offer you information on the legislation related to foreign investments in the Republic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"company-formation-in-singapore-vs-company-formation-in-vietnam\"><\/span><strong>Company formation in Singapore vs. company formation in Vietnam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Opening a company in Vietnam<\/strong>&nbsp;implies the following steps:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; applying for company name reservation;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; obtaining company registration certificate;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; obtaining a tax registration number;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; applying for a company seal;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; registering the seal with the Business Registration Office;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; opening the company\u2019s bank account;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; apply and pay the fee related to the business license.<\/li>\n<\/ul>\n\n\n\n<p>On the other hand, the&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-registration-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">company registration procedure in Singapore<\/a><\/strong>&nbsp;consists in:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the company name reservation;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;applying for the tax number (GST number) of the company;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; filing the incorporation documents of the company;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; obtaining the company seal.<\/li>\n<\/ul>\n\n\n\n<p>If comparing the&nbsp;<strong>company registration processes in Singapore and Vietnam<\/strong>, it is useful to know that in Vietnam the whole procedure will take up to 10 days, while in Singapore several steps can be completed in one day. When it comes to the&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/business-start-up-costs-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">costs associated to opening a company in Singapore<\/a>&nbsp;or Vietnam<\/strong>, one must take into consideration that in&nbsp;<strong>Vietnam<\/strong>&nbsp;most the steps related to the&nbsp;<strong>business registration<\/strong>&nbsp;are subject to various fees or taxes, while in&nbsp;<strong>Singapore<\/strong>&nbsp;most of them are free of charge.<\/p>\n\n\n\n<p>For those who want to&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Singapore<\/strong><\/a>, please feel free to&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact our company formation experts<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opening a company in an Asian country is very appealing to foreign investors who address the Chinese market which is one of the largest markets in the world.&nbsp;Singapore&nbsp;has a good trading relation with all Asian countries, among which China,&nbsp;Hong Kong,&nbsp;Vietnam&nbsp;and so on. This article\u2019s subject is a&nbsp;comparison between Singapore and Vietnam&nbsp;related to the&nbsp;company registration process. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[712,9,37,713,711],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Company Formation Comparison: Singapore Vs. Vietnam<\/title>\n<meta name=\"description\" content=\"Find here the main differences between the company formation process in Singapore and Vietnam. 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