Published
Sep 4, 2023
Updates:
Sep 16, 2024
Vietnam
Price:
Delivery:
Legal forms:
Payment methods:
2 weeks
LLC, LLP, Pte. Ltd.
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Vietnam
$
3000
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Registrar
Abbreviation
Phone
Department of Planning and Investment
DPI
1900 9026
Location
Capital
Official languages
Population
Currency
ISO 4217
Hanoi
Vietnam
Vietnamese
98,858,950
VND
Vietnamese Dong
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Vietnam
Frequently Asked Questions (FAQ) for company formation in Vietnam:
1. What are the types of business entities that can be formed in Vietnam?
A: There are several types of business entities in Vietnam, including Limited Liability Companies (LLC), Joint-Stock Companies (JSC), Partnerships, Branches, and Representative Offices.
2. What are the minimum requirements for company formation in Vietnam?
A: The minimum requirements for company formation in Vietnam include at least one shareholder, one director, a legal representative, a registered address, and a business license.
3. Can foreigners register a company in Vietnam?
A: Yes, foreigners can register a company in Vietnam. However, the percentage of foreign ownership is limited, depending on the industry sector.
4. What are the steps involved in registering a company in Vietnam?
A: The steps involved in registering a company in Vietnam include obtaining an Investment Registration Certificate (IRC), a Business Registration Certificate (BRC), registering for tax, social insurance, and obtaining a company seal.
5. What is the process of obtaining an Investment Registration Certificate (IRC)?
A: The process of obtaining an Investment Registration Certificate (IRC) involves submitting an investment application form and relevant documents to the Department of Planning and Investment (DPI).
6. What documents are required for registering a company in Vietnam?
A: The documents required for registering a company in Vietnam include a business plan, a lease agreement for the registered address, passport copies of shareholders and directors, a certificate of incorporation, and other documents as required by law.
7. What is the minimum capital requirement for company formation in Vietnam?
A: The minimum capital requirement for company formation in Vietnam depends on the type of business entity and industry sector.
8. What are the tax obligations for a company in Vietnam?
A: A company in Vietnam is required to register for tax and has to pay various taxes, including corporate income tax, value-added tax (VAT), and personal income tax (PIT).
9. How long does it take to register a company in Vietnam?
A: The time required to register a company in Vietnam varies, but it typically takes about 2-3 months to complete the process.
10. What are the benefits of registering a company in Vietnam?
A: The benefits of registering a company in Vietnam include a low-cost labor force, a strategic location for doing business in Southeast Asia, and an attractive tax regime.
Vietnam's economy has been growing rapidly in recent years, with a GDP growth rate of 7.08% in 2019. This is one of the highest growth rates in the world, and it is expected to remain strong in 2020. The country has also seen a steady increase in foreign direct investment, reaching a record high of $14.5 billion in 2019. This has been driven by the country's strong economic fundamentals, including a young and growing population, a rapidly expanding middle class, and a favorable business environment. The country also has a strong manufacturing sector, which accounts for around 25% of GDP. Additionally, Vietnam has a thriving tourism industry, with over 15 million international visitors in 2019. This has helped to boost the country's economy, as well as create jobs and generate income for the country. Overall, Vietnam's economy is in a strong position and is expected to continue to grow in the coming years.
In Vietnam, both individuals and corporations are subject to taxation. Personal income tax is levied on the income of individuals, while corporate income tax is levied on the profits of companies.
For individuals, there are currently five tax brackets with rates ranging from 5% to 35%. The rates and brackets are adjusted periodically based on inflation. In general, Vietnamese residents are taxed on their worldwide income, while non-residents are taxed only on their Vietnam-sourced income.
For corporations, the standard corporate income tax rate is 20%, although there are certain industries that are subject to higher rates. Additionally, there are a variety of tax incentives available to encourage investment in certain industries or regions.
Taxpayers in Vietnam are required to file tax returns and pay taxes on a monthly or quarterly basis, depending on the type of tax. The tax year in Vietnam runs from January 1st to December 31st. Taxpayers are required to file an annual tax return by March 31st of the following year, although an extension can be granted in certain circumstances.
Tax payments are generally made by bank transfer or cash deposit at a designated bank. Taxpayers must obtain a tax code and register with the tax authorities in order to make tax payments. Failure to pay taxes on time can result in penalties and fines.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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