The three most common forms of legal entities in Vietnam are:
1 - Limited liability company
2 - Joint-stock company
3 - Incorporated partnership
Other forms of business in Vietnam are:
1 - Foreign representative office
2 - Foreign branch office
3 - Business Cooperation Contract
4 - Representative office
TYPICAL TAXES
1 - Value-added tax
2 - Corporate income tax
3 - Personal income tax
4 - Foreign Contractor Tax
5 - Capital Assignment Profits Tax
6 - Natural Resources Tax
7 - Property Taxes
8 - Environment Protection Tax
9 - Import and Export Duties
10 - Social, Health and Unemployment Insurance Contributions
11 - Tax Audits and Penalties
12 - Other Taxes
INITIAL SETTING UP PROCEDURES
1 - Taxation: Conduct procedures for the initial tax registration Registering and conducting procedures for VAT Invoice
2 - Customs: Conduct procedures for the initial customs registration.
3 - Registering and conducting procedures for electronic declaration.
4 - Publishing the announcement of enterprise establishment in central or local newspapers
5 - Registering to carve seal at the Public Security Service
6 - Opening capital account, payment bank account and registration for tax procedures. Supporting for paying up capital procedures
7 - Capital contribution according in the ERC and IRC
“If you ask any successful business person, they will always have had a great mentor at some point along the road”
