How to Set Up a Joint Stock Company in Vietnam

Navigating a new business environment in a rising new economy like Vietnam can be daunting, especially when it comes to incorporating a large entity such as a Joint Stock Company (JSC). With an experienced market entry consultant like InCorp Vietnam, the process can be as quick and easy as possible.

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Benefits of setting up a Joint Stock Company with Cekindo

  • An Experienced Bilingual team

    Our team of English-speaking legal experts specializes in helping foreign companies set up their entities in Vietnam.

  • Up to 100% foreign-owned entity

    Our team will ensure your complete control over your business in Vietnam without making risky arrangements.

  • Full Transparency

    We guarantee transparency throughout every step and that you will only pay for the services you need, and only when you need them.

Setting up a joint stock (JSC) company in Vietnam
Due to the more complicated corporate structure and requirements, a Joint Stock Company, also known as a JSC, is ideal for medium and large enterprises in Vietnam.

Even though the requirements are more demanding, a Joint Stock Company is preferred by the majority of large companies because it allows its owners to issue shares and list them on the Vietnamese stock exchange, and change ownership easily.

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How a Joint Stock Company is Defined in Vietnam?

Following Vietnamese Law, a Joint Stock Company is only possible to be set up through equal portions of shares. Furthermore, this kind of company requires at least three shareholders for its establishment. Furthermore, a Joint Stock Company can be established by any investors, both local and foreign. It can be owned 100% by foreign investors. But, it also allows a joint venture between foreign investors and local investors.

The Mandatory Corporate Structure of a JSC

To comply with the applicable regulations, it is compulsory for a Joint Stock Company to have a Management Board/Board of Directors that is supervised by General Meeting of Shareholders and an Control Board/Board of Controller, In case the Company has only 01 Legal Representative, the Chairman of the Management Board or Director/General Director shall be the person to hold such position. In case the Company has more than 01 Legal Representative, a Chairman of the Management Board and, a Director/General Director who will also play the role of the company's Legal Representative.