Consultation on company registration in Vietnam
🎐🎐🎐 Viet Hung Vietnam Real Estate provides Vietnam company registration consultation as follows:
💖 Company registration conditions
1. Minimum registered capital: There are no restrictions on the total investment and registered capital of foreign-funded enterprises in Vietnam, but the legal capital shall not be less than 30% of the investment amount. For encouraged and larger investment cases, the legal capital is allowed to be reduced to 20% of the investment amount. . In actual operation, it is recommended to register a minimum of 100,000 US dollars. If it is less than 100,000 US dollars, the local government will generally not grant approval. The capital amount of 100,000 US dollars can be used after the capital verification by the bank after the capital has been invested. It can also be used to buy an office or staff dormitory.
2. Time and method of capital contribution: the time and method of capital contribution of the sole proprietorship factory/company: The time and method of capital contribution of the sole proprietorship factory/company is generally 0.5-1.5 years. According to the needs, the registered capital and time of the sole proprietorship/factory can be applied to the government at most Extension for six months. Foreign investors can use machinery, cash and proprietary technology to contribute capital, unlike Chinese factories/companies that do not have machinery and capital ratio restrictions.
💖Company registration method
No matter how foreign companies/individuals invest and establish factories or companies in Vietnam, they can use the following three methods:
1. Directly established in the name of a foreign company or individual;
2. Indirectly established through a holding company (single-level holding);
3. Indirectly established through two holding companies (dual holding)
At present, most foreign businessmen use the second and third methods to invest in Vietnam or abroad to facilitate the tax planning of the parent company.
💖Company registration process
1. Establish an overseas holding company;
2. Collect holding company documents;
3. Company documents are translated in Vietnamese and notarized by the embassy;
4. Pre-check the company name;
5. The company's articles of association and application;
6. Approval by the approval authority;
7. Issuance of investment license;
8. Announcements published in newspapers;
9. Board meeting, public security registration, official seal, bank account opening;
10. Tax registration, customs code registration, fire protection/environmental protection registration.
💖Information required to register a company in Vietnam
1. English name: Please provide your suggested company name in English. It is best to provide us with 3 names so that we can check for you first.
2. Registered address: Registering a company in Vietnam requires a physical address, and you can take multiple photos at one address
3. Business scope: Determine the business scope based on the company's actual operating conditions
4. Registered capital (capital verification in place within 90 days of obtaining the company registration certificate): The Vietnamese government has no clear restrictions on the total investment and registered capital of foreign-funded enterprises, but the registered capital is generally 20%-30% of the investment. From the actual operation point of view, the registered capital needs to check 100 thousand US dollars
5. List of directors (no nationality restrictions, foreigners need to obtain work permits and temporary residence permits locally)
6. List of shareholders, amount of shares and financial certificate of shareholders (at least 1 shareholder, no upper limit on the amount of shares)
7. List of legal persons (one person is sufficient): A foreign-funded enterprise must identify at least one person as the legal representative and must live in Vietnam; the legal representative should be authorized to act as an agent for a period of time if the legal representative is not in Vietnam for more than 30 consecutive days. Foreigners need to obtain work permits and temporary residence permits locally before they can become shareholders.
8. Scanned copies of passports of all shareholders, directors and legal persons (if shareholders are companies, please provide company registration certificates)
9. The shareholder's identity certificate and financial certificate need to be notarized in China and certified by the Vietnamese embassy in China
✨Note:
*When you come to Vietnam, you need to have a notarized passport and open a bank account in a Vietnamese bank. If you have another shareholder, it is best that he can come together, or you can bring his passport so that we can notarize together
**If you can provide us with all the documents, the process can be reduced to 35 working days
***We can also provide you with the address of the registered company, Or find an office for you and your company
💖Related taxes
Vietnam currently provides preferential corporate income tax for foreign investors for 10-15 years from the profitable year:
1. New projects (17% preferential tax rate for 10 years);
2. Established in a national-level industrial zone, a high-tech industrial zone, and an area with economic and social difficulties (10% preferential tax rate for 15 years);
3. Generally, the "two exemptions and 4 reductions" discount for newly established businesses can be extended to "four exemptions and nine reductions" if it is an encouraging industry or in areas with economic and social difficulties.
Since 2004, Vietnam’s foreign tax-paid net profit remittances to foreign head offices are exempt from temporary withholding tax.
🔔For more information, please contact: Ms. Rebecca 📱Line and WeChat: rebeccasun123
📱Zalo, What's app, Viber, Tel: +84 937857119