Can a foreigner legally open a business in Da Nang under their own name, and what does it usually cost?
Based on 3 discussions with 2 participants · Last activity: 16 days ago
TL;DR
Yes, in some sectors a foreigner can open a company in Da Nang with 100% ownership, but it depends on the business activity code and required licenses. In practice it is usually expensive because of registration, legal support, accounting, and possible investment requirements; using a Vietnamese citizen as the owner can be cheaper but means the business is not legally yours.
What the community said
For logistics and some similar sectors, 100% foreign ownership in Vietnam may be possible, but only after checking the exact business activity code and licensing requirements. In Da Nang, people usually recommend speaking directly with a foreign-investment lawyer or business registration consultancy because the rules depend heavily on the business type.
16 days ago 100% foreign ownership; logistics
Selling assets to a local Vietnamese person usually does not require an extra payment just for the transfer itself, for example if you are transferring motorbikes to a Vietnamese buyer. However, that does not solve the larger issue of a foreigner legally owning the company itself.
16 days ago selling motorbikes to a Vietnamese buyer
The cheaper route is often to register the business under a Vietnamese citizen, but then the company is legally not yours. From practical experience, setting it up fully legally under a foreigner usually involves substantial bureaucracy and higher costs for registration, legal support, and ongoing accounting.
16 days ago business registered under a Vietnamese citizen