INVESTMENT IN VIETNAM: MARKET ENTRY PROCEDURES

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”


Source: https://vivabcs.com.vn/resources/market-entry-procedures-in-vietnam/

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006.
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