Vietnam Company Incorporation |
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Despite an easing of licensing restrictions and bureaucracy, Vietnam company incorporation remains difficult. As one of the few corporate service providers who have the knowledge and understanding of this emerging market, Healy Consultants offers a comprehensive Vietnam company incorporation service for international entrepreneurs. The following information will help you determine whether Vietnam company incorporation meets your business needs: |
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Advantages of Vietnam company incorporation |
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Vietnam company incorporation is a legitimate way to tap opportunities in this emerging market. |
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Vietnam's population of 88 million offers a ready market for Vietnamese companies. |
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Vietnam is a politically stable jurisdiction. |
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Ongoing market reforms are set to make Vietnam company incorporation more attractive. |
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Vietnam's accession to the World Trade Organisation (WTO) in early 2007 is likely to encourage Vietnam company formation as a vehicle to conduct international trade. |
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A Vietnamese foreign-invested enterprise allows 100% foreign ownership in selected sectors. |
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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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A Vietnamese company can be set up with just one shareholder and director. |
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Vietnamese companies recording tax losses can carry them forward for up to 5 years. |
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Disadvantages of Vietnam company incorporation |
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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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Companies are registered and regulated at provincial level, meaning tighter restrictions. |
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Despite legal reforms, Vietnamese company law is complicated and often poorly enforced. |
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Foreign companies are currently prohibited from operating 100% foreign-owned companies in Vietnam 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 considering Vietnam company incorporation should note that all foreign-invested companies in the country must have their financial statements audited annually. |
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A Vietnamese company must pay a corporation tax of 25% on all taxable income. The corporation tax applicable to business establishments conducting exploration and exploitation of oil and gas and other valuable and rare natural resources is between 32% and 50%. Preferential corporation tax of 20% and 10%, in the form of incentives, apply if the enterprise meets specific criteria. |
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Healy Consultants Fees for Vietnam company incorporation Vietnam company incorporation costs in Year 1 range from US$11,000 to US$21,000 depending on the corporate structure chosen and the range of professional services required from Healy Consultants. These fees include i) government License fees ii) virtual office fees iii) corporate bank account opening and iv) residence and employment visas. |
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Contact Us For more information on Vietnam company incorporation, email email@healyconsultants.com or call (+65) 6735 0120. Back to Vietnam Company Formation page. |
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