ALL YOU NEED TO KNOW ABOUT INVESTMENT IN VIETNAM
Have you had any business plan on your own? Would you like to invest in Vietnam? You may research the documents, procedure as well as expense for an establisment of project in our country.
NGUYEN AN LUAT mainly provides legal services for foreign investors in Vietnam. We cooperate with many lawyers since 2012 till 2019. This period is neither too short nor too long. This is long enough for us to get essential experience for ourselves and always be together with the development of your business.
II. MAIN SERVICES
1. Consulting in Enterprise Law:
Main service of our company is about Vietnamese Enterprise Law, specifically a consulting all procedures of investment stage. This is the initial stage to build up the in-house legal framework. Like in case of a house, it needs a name or a number, so if you want it to be legal, you need to proceed to the registration for its name or its number.
2. Consulting In Law On Tax And Accounting
This is essential when your company comes into operation, you need to clearly understand the procedure because this relates to your business operation, namely keeping books, records, receipts, profit and need to be periodically reported to the authorities in accordance with current regulations.
3. Consulting in Labour Law:
Each machine needs many details attached together to be able to run properly. Each detail takes a specific role to fulfill a complete machine. For an enterprise, this is a human resource for operational activities of an enterprise. However, if you haven’t fully understood the regulated condition to establish this labour resource, then its role couldn’t be fulfilled. This is the labour law.
You often have trip abroad, or you stay and work in Vietnam within a specific period of time. So can you stay long in our country? And do you need to report anything to the managing authority? Don’t be worry. We will help you complete all the required prcedures legaly. We are able to remove these setbacks for you.
My name is Quan – Sales Director as well as co-founder of Nguyen An Luat. As being introduced, we would like to let you know briefly about our main services. By using our understandings of Vietnamese laws and our working experience, I would like to list out the frequent questions from foreign investors. Hope those will give you an explanation on any of your questions before your decision on the future investment in Vietnam.
- Invesment Law
- Enterprise Law
- Commercial Law
- Regulation on tax
- Labour law
- Residential Housing Law
- Immigration Law
Will our projects/areas be limited when we run business in Vietnam?
What do I need to provide for setting up company?
Required documents for organizations:
- Enterprise Registration Certificate (Notarized copy)
- Financial report of the last 02 years which is independently audited (notazied copy) or financial statement of the company
- Notarized copy of passport
- House leasing contract
Required documents for individuals:
- Notarized copy of passport
- House leasing contract
- Bank statement (Scan file in PDF)
Remark: Every notarized copy needs a seal from Foreign Affair authorities of both countries.Reason: We use it as a guarantee or affirmation for the virtue of your documents.If being issued by Vietnamese authority, these seals are not required. We will support the notarization service for free.
If being issued by Vietnamese authority, these seals are not required. We will support the notarization service for free.
How much I will spend for setting up an enterprise?
How do I proceed the payment for service fee?
If any risk which leads to the incompletion of the documents, what will happen?
Have you ever failed in accomplishing the service?
How much do I need to register for the capital?
For example: You are having 10.000 USD, it is possible for you to register company capital within this amount.
How do we contribute our money into the company’s capital?
Can I use the contributed capital?
Can I transfer money out of Vietnam?
Can I reduce or withdraw the capital?
What kind of tax do I need to pay during operation?
You will pay the following tax:
- Fixed tax: 2 million VND/year for registered capital under 10 million dong, and 3 million dong/year for registered capital over 10 million dong
- 10% VAT of the product selling price (this tax is collected from customers)
- Company income tax 20% of profit after deducting all company expense
If we haven’t make any profit, shall we have any duties on tax payment?
Do I need to pay tax for money I send to Vietnam for my investment purpose?
As far as I know, Vietnam has some invesment incentives. So if I invest in Vietnam, shall I take any advantage of these incentives?
Yes, it does, but only in a few areas, for example:
- Information technology, software producing => free VAT (value added tax).
- Manufacture in industrial zone or using leasing land from the government => free company income tax.
- Exporting agricultural products => free exporting tax
- Free many other kind of tax if investing in low developing area in Vietnam.
Can I stay in Vietnam longer?
Can I buy house in Vietnam?
I haven’t been in Vietnam before, so what do I need to start with?
Or, we also supply the visa service for you.
If I use your visa service, how much is the fee?
Could you please support us in finding an office?
If we haven’t had any idea on finding hotel, could you please support us for that?
Could your please support us on the language(s)?
If using our service, we shall provide for free.In case of translation only, the fee will be around 45 USD/hour.
Can we employ foreigner to work for us?
What do I need to register for our employees?
Do you supply accounting service?
How much I will pay to you for this kind of service??
The above questions are frequently asked by our customers. We hope those somehow give you a clear idea on your invesment plan. In case you have any further questions, please send us your questions, we will give the explanation in details.
III. FEE FOR ENTERPRISE ESTABLISHMENT
Notice: These following fees shall include:
- Invesment Registration Certificate
- Enterprise Registration Certificate
- Company Stamp
- Token – Electronic device for online tax declaration – 12 months
- Initial tax file
- Legal protection
- Business risk insurance
» These are all initial legal procedures in accordance with Vietnamese law. By completing the above-mentioned documents, your company shall be legally established. You can be assured of doing whatever you want for your business.
» With full-package service fee, you don’t need to pay any other fee.
» We shall timely complete the required task and follow the commitment to the Service Contract.
» Explanation on the areas:
- Commerce: Including the commercial acitvities: Exportation, Importation, Distribution, Trading
- Retail: Including: Exportation, Importation, Distribution, Trading, Retail
- Service: Including management consulting, marketing, design service, software service,…
- Manufacture: including machine, products manufacture, machinery based on order.
|Commerce||1.300 USD||1.600 USD||25 days|
|Service||1.300 USD||1.600 USD||25 days|
|Manufacture||2.000- 2.700 USD||2.300 – 3.000 USD||35 days|
|Trading – Service||1.600 USD||1.900 USD||25 days|
|Retail – Service||2.200 USD||2.600 USD||60 days|
|Trading – Manufacture||2.200 USD||2.500 USD||35 days|
|Service – Manufacture||2.000 USD||2.300 USD||35 days|
Service – Trading -Manufacture
|3.000 USD||3.500 USD||60 days|
|For business areas which are out of WTO Agreements: opinion from the Goverment is required||5.000 – 20.000 USD||Depends on business areas or agreement|