Launching Your Education Company in Vietnam: A Guide

Vietnam’s education sector is experiencing rapid growth, presenting exciting opportunities for entrepreneurs seeking to contribute to this vibrant landscape. However, navigating the legal requirements and procedures for establishing an education company can be complex. This guide, from NT International Law Firm, provides a comprehensive roadmap to help you confidently launch your venture and pave the way for success.

Launching Your Education Company in Vietnam: A Guide

Understanding the Education Sector:

Education companies encompass a diverse range of businesses, providing tools, equipment, services, and training related to education, consulting, and human resource development. Operating in this field requires adherence to specific legal regulations as it falls under the category of conditional business activities.

Essential Conditions That Must Be Met Before An Education Company Can Be Established:

• Compliance with the Enterprise Law 2020: Thoroughly understand the law and any potential exemptions or restrictions applicable to your specific business model.
• Alignment with National Planning: Ensure your company’s plans and operations conform to the national vocational education network plan.
• Minimum Facility Area:
  • College: 20,000 m² (urban), 40,000 m² (non-urban)
  • Intermediate School: 10,000 m² (urban), 20,000 m² (non-urban)
  • Vocational Education Center: 1,000 m²
• Minimum Investment Capital:
  • College: 100 billion VND
  • Intermediate School: 50 billion VND
  • Vocational Education Center: 5 billion VND
• Fulfilling Registration Eligibility Criteria: As stipulated in Decree No. 86/2018/ND-CP, ensure your company meets all necessary qualifications and standards.

Personnel Requirements:

• Tutors: Meet training level standards according to the Education Law.
• Company Representative:
  • Director: University graduate with relevant major, 3 years of industry experience, good ethics and management skills.
  • Deputy Director: University/College graduate with relevant major.
• Teachers: Fulfill training level requirements for each educational level.

Procedures for Establishment:

1. Prepare Application:

• Business registration application.
• Company charter.
• Member/shareholder list.
• ID copies of legal representative, owner, and members.
• Authorization document (if applicable).

2. Submit Application:

• Submit documents directly, by post, or electronically.

3. Receive Results:

• Valid applications: Receive business registration certificate on appointment date.
• Invalid applications: Receive written or electronic notification for amendments.

4. Post-Establishment Procedures:

• Engrave company seal and submit samples.
• Register for taxes, fees, e-invoices, and VAT.
• Publicly announce registration on the National Information Portal within 30 days.

Post-Establishment Operations:

• Display business headquarters sign.
• Announce tax calculation methods.
• Open a business bank account.
• Register bank account with Department of Planning and Investment.
• Register for digital signature.
• Order and print invoices.
• Declare and pay license tax.
• Record and contribute capital within 90 days of registration.

Seeking Professional Support:

NT International Law Firm offers valuable assistance throughout the process:

• Legal guidance: Ensure compliance with all regulations.
• Document preparation and review: Guarantee a complete and accurate application.
• Liaison with authorities: Streamline procedures and obtain necessary permits.
• Ongoing legal support: Address challenges and ensure smooth operation.

By carefully considering these conditions, procedures, and insights, and by leveraging the expertise of NT International Law Firm, you can confidently navigate the process of establishing your education company in Vietnam and pave the way for a successful and impactful venture.

NT International Law Firm is Here to Help

NT International Law Firm is Here to Help

NT International Law Firm has addressed the question of how to establish your own education company. If you have any further questions or concerns regarding corporate law, please contact our law firm immediately for expert legal advice.

If you require any legal assistance, please feel free to reach out to us via phone at 090 252 4567 or through email: info@ntpartnerlawfirm.com. At NT INTERNATIONAL LAW FIRM, our team is committed to offering you prompt and personalized advice.

You also might be interested in:

• The 2015 Civil Code in English
• The 2020 Law On Enterprises in English