How to buy an aged company in Vietnam in 5 steps

Reasons to Consider Buying an Aged Company in Vietnam

When you’re looking to establish your offshore business in Vietnam, you face a crucial decision: should you start a new business from scratch or purchase an existing one?

Starting a new business allows you to have a fresh start, including selecting your business’s name, address, and records. Additionally, the process of offshore company registration in Vietnam has become more standardized, simplifying the business incorporation process compared to the past.

On the other hand, many individuals and companies prefer to acquire an aged company to enhance their business credibility and present a more reliable and persuasive profile to clients and partners. Consequently, they opt to buy an established company rather than a newly formed one. This has led to a growing demand for businesses for sale, particularly among foreign investors interested in Vietnam.

Purchasing an Aged Company in Vietnam with Iris International

At Iris International, we compile information on over 10,000 businesses available for sale in Vietnam. This enables us to assist you in finding a suitable shelf company that aligns with your specific requirements. We act as intermediaries between our clients and the owners of the shelf businesses, facilitating negotiations and expediting the transaction process.

Once the deal is confirmed, we proceed with the necessary documentation to transfer ownership to our client until the company is fully registered under the new owner. We offer guidance and support throughout the entire process.

Please note that: when people use Iris International’s service to purchase a shelf company in Vietnam, they typically seek a company with a specific age. The transfer of the client database, employee team, or other assets is not implied in the purchase of the company. These businesses for sale are typically “cleaned out” before being transferred to a new owner, leaving only the registered information and the entity itself.

Steps for Buying an Aged Shelf Company in Vietnam with Iris International

1. Define your criteria: Begin by informing Iris International of the type of company you wish to purchase, specifying its age, primary business, registered location (city), and company type (LLC or Joint Stock).
2. Company search: Iris International will conduct a search within our database of businesses for sale in Vietnam based on the criteria you provide. The complexity and duration of the search may increase with additional criteria.
3. Proposal of qualified companies for sales: Iris International will present five options to clients for consideration. All options should fully meet the predefined conditions set by the client. If any option fails to meet one or more criteria, Iris International will propose solutions for amendment prior to the transfer.
4. Selection: Once a company is selected, Iris International will prepare the required documents to initiate the transfer process, including the contract and payment.
5. Transfer of ownership: Iris International will then initiate the project to transfer ownership of the chosen company to the new owner. If the new owner does not need to change the company’s registered address to a different district or city, the process typically takes around 45 days. By the end of this process, you will have:
   • Company business licenses in your name.
   • A company stamp that officially recognizes you as the owner of the business.

Additional Notes:

1. The company will retain its previous registration number and tax code even after being transferred to a new owner. However, you can change the company name, registered address, add or remove business lines, or switch the main registered business from one line to another.
2. After the transfer of ownership, if the new owner is a foreign investor, they will be required to inject the committed capital investment. Therefore, it’s essential for the investor to allocate sufficient funds in advance to complete the transfer.
3. If a foreign investor owns the company after the transfer, the company will be subject to an annual auditing report. It’s advisable to hire a qualified accountant to ensure compliance with all tax reporting deadlines.

If you’re interested in exploring businesses for sale in Vietnam, please contact us for assistance. You can fill in the form below to get in touch with our consultant today.