Your Guide to Acquiring an Existing Company (Shelf Company) in Vietnam

Whether you are an existing or a new player, acquiring an existing company, also known as a shelf or ready-made company, can be the start of something new when doing business in Vietnam.

However, the decision to acquire an existing company under your wing can not be taken lightly, as it can backfire on your initial plan to increase revenue, especially in a unique market such as Vietnam.

Business is moving very fast, and the competition is getting even tighter. The existing player must renew the strategy and keep up with the newest trend to stay ahead, while the new player needs to pick the opportunity to enter the market carefully.

Reasons for choosing Vietnam to do business

Before you choose a company to acquire, you must consider many things, one of which is the location.

Even though technology has enabled businesses to operate without borders, proximity to the market is crucial for future growth.

You can try to look for opportunities in other countries. Vietnam is one country with a proven business market opportunity.

Vietnam’s remarkable performance continues with the growth of Gross Domestic Product (GDP) remaining strong at 7%. This number is even more remarkable given the global market slowdown in 2019. Compared to other countries in Southeast Asia, Vietnam possesses the highest GDP growth.

Vietnam is an exciting location to expand your business. This is not only because of the GDP growth but also because of the interesting investment climate. For example, the government has applied favorable regulations for startup companies. Those in the technology sector, in particular, will be able to enjoy a tax exemption for four years and a 50% reduction for nine years.

Why acquiring a shelf company in Vietnam is the answer

There are two options to expand or start your business: start from scratch or acquire an existing one. There are advantages. Both have advantages and disadvantages. The existing company has more perks.

Starting from scratch means dealing with a lot of paperwork. You also need to establish your brand before your new company is known by the public.

It is different from acquiring a ready-made company in Vietnam. You can start quickly with the operations. Moreover, you already have established widely known names or brands.

You don’t need to fuss over brand recognition. Instead, use your time to focus on attracting more consumers and generating more revenue.

Researching the potential shelf company to acquire

You are required to do thorough research before deciding what business to acquire.

However, you also need to consider whether the sector you are interested in is promising in the future.

After that, you can research the potential shelf company to acquire. InCorp Indonesia (an Ascentium Company) lists shelf companies engaging in various business sectors that are instantly available for purchase.

Dealing with paperwork

Even though it is easier than starting a new business from scratch, acquiring an existing business still requires you to deal with paperwork.

But worry not—purchasing a shelf company from InCorp Indonesia is fast and efficient. After purchase, we immediately transfer management control to you, and a contract is signed before a notary.

Let InCorp Make It Hassle-Free for You

Consider using InCorp Indonesia, a trusted counselor, advisor, and business partner to ease the acquisition process.

Together with us, you can have a smoother acquisition process. You won’t need to deal with hurdles in finishing the legal paperwork.

Moreover, when buying a shelf company from InCorp, you will get an already approved corporate bank account with internet banking, a registration tax number, a legal company address, a set of company registration documents, and most importantly, a clean background.

Enter the Vietnamese market right away. But first, fill in the form below to discuss your need for a shelf company and speedy business incorporation in Vietnam.