5 easy steps to buy an aged company in Vietnam

Buy/Sell company, Trending, VNBG

5 easy steps to buy an aged company in Vietnam – VNBG

Why you should buy an aged company in Vietnam

When it comes to launching your offshore business in Vietnam, you must make a significant decision. Do you want to start a new business from scratch or buy an existing one?

Many people have decided to start a new business in order to have a fresh start, including choosing their own name, business address, and record, and so on. The process of registering a company in Vietnam has also been standardized, making the business incorporation step much simpler than in the past.

Many other people, on the other hand, prefer to have a company that is a few years old in order to boost their business credibility and make their business profile sound more reliable or persuasive to their clients or partners. As a result, they prefer to buy an aged company over a newly established one. Businesses for sales, therefore, have become a hot search in recent years, mostly from foreign investors who have a business interest in Vietnam.

Buying an aged company in Vietnam with VNBG

We collect information from over 10,000 businesses for sale in Vietnam at Vietnam Business Gateway. As a result, we can help you find a suitable shelf company that meets your needs. VNBG acts as a liaison between the client and the shelf business owner in order to help negotiate and close the deal as quickly as possible.

We will proceed with the documents to transfer ownership to our client once the deal is confirmed until the company is completely registered under the new owner. We offer advice and assistance from start to finish.

Please note: People use the VNBG service to buy a shelf company in Vietnam because they want a company with a specific business age. The transfer of the client database, the employee team, or any other assets is not implied by the purchase of the company. These companies for sales are typically “cleaned off” before being transferred to a new owner, with only the registered information and the entity remaining.

Steps of buying an aged shelf company in Vietnam with VNBG

Define your criteria: To begin, inform VNBG of the type of company you want to buy, such as its age, main business, registered location (city), and company type (LLC or Joint Stock).
Company search: VNBG will search our business database for sales in Vietnam based on the criteria you provide. The more criteria there are, the longer the search will be.
Proposal of qualified companies for sales: VNBG will present five options to clients for consideration. All options should fully meet the conditions set forth in advance by the client. If any option fails to meet one or more criteria, VNBG will propose a solution for amendment prior to the transfer.
Selection: VNBG will prepare the necessary documents to begin the transfer process once a company has been selected (contract and payment).
Transfer of ownership: The project to transfer ownership of the selected company to the new owner will then be launched by VNBG. If the new owner does not need to change the company’s registered address to a different district or city, the process usually takes 45 days. By the end of the process, you will have 1) Company business licenses in your name 2) a company stamp that officially recognizes you as the owner of a business.

Note 1: Despite being transferred to a new owner, the company will retain its previous registration number and tax code. You can, however, change the company name, registered address, add/remove business lines, or switch the main registered business from one line to another.

Note 2: Following the transfer of ownership, foreign ownership will be required to inject the committed capital investment. As a result, the investor must set aside sufficient funds in advance to complete the transfer.

Note 3: If a foreign investor owns the company after it is transferred, it will be subject to an annual auditing report. It is recommended that the company hire a qualified accountant to assist it in meeting all tax reporting deadlines. To learn more about this accounting service with us, contact VNBG’s accounting service.

If you seek businesses for sales in Vietnam, contact us now.

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