Set Up a Company in Vietnam |
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Despite an easing of licensing restrictions and bureaucracy, it remains difficult to set up a company in Vietnam. As one of the few corporate service providers who have the knowledge and understanding of this emerging market, Healy Consultants offers a comprehensive service for international entrepreneurs wanting to set up a company Vietnam. The following information will help you determine whether it will serve your business needs to set up a company Vietnam:
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Advantages to set up a company in Vietnam |
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Investors set up a company Vietnam to legitimately tap opportunities in this emerging market. |
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Vietnam's population of 88 million offers a ready market for for investors who wish to set up a company Vietnam. |
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The country offers investors who wish to set up a company Vietnam is a politically stable environment in which to do business. |
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Ongoing market reforms will continue to favour entrepreneurs who set up a company Vietnam. In addition, Vietnam's accession to the World Trade Organisation (WTO) in early 2007 will further encourage investors to set up a company Vietnam. |
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Foreign investors who set up a company Vietnam can own 100% shares in the business in all sectors, except: 49% foreign ownership for foreign investment in the securities businesses until it is lifted in 2012, 51% foreign ownership for warehouse services and freight transport agency services until it is lifted in 2014 and 51% foreign ownership for maintenance and repair services of household equipment, which will be phased out entirely in 2012. |
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There are no minimum capital requirements with Vietnam Company formation except for a few specific business lines such as real estate, insurance, aviation services, banking and securities. |
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Only one shareholder and director is required to set up a company Vietnam. |
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Vietnamese companies recording tax losses can carry them forward for up to 5 years. |
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Disadvantages to set up a company in Vietnam |
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The World Bank and US-based Heritage Foundation have both ranked Vietnam as a difficult place to do business. (View the World Bank survey and the 2012 Index of Economic Freedom) |
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To set up a company Vietnam, the entity must be registered and regulated at provincial level, meaning tighter restrictions. |
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Investors who set up a company Vietnam are faced with complicated and poorly-enforced company law. |
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Foreign companies who set up a company Vietnam are currently prohibited from operating 100% foreign-owned entities for the distribution of imported and domestically-produced goods, investment in the securities businesses, warehouse services and freight transport agency services, and maintenance and repair services of household equipment. |
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To obtain a representative office licence in Vietnam, a foreign company must have been in operation for at least one year from its date of incorporation in its home country. |
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Foreign investors who wish to set up a company Vietnam should note that all foreign-invested companies in the country must have their financial statements audited annually. |
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The corporate tax rate is 25%. However, preferential rates of 20%, 15% and 10% apply if the enterprise meets certain specific criteria. Preferential rates apply if the investment is made in one of the activities or in one of the locations identified by the Government to be eligible for preferences. The tax incentive period starts from the date that business operations commence, and its does not include the basic construction period. |
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| Contact Us | |||||||||||||||||
| For more information on how to set up a company Vietnam, email email@healyconsultants.com or call (+65) 6735 0120.Back to Vietnam Company Formation page. | |||||||||||||||||
Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
