The liaison office is not a legal entity, but a form a foreign company uses for non-commercial activities in Vietnam. The procedure for opening a representative office in Vietnam must be approved by the Trade Register
Foreign enterprisers who want to start e-commerce companies in Vietnam must comply with several regulations. Our company formation consultants in Vietnam can explain what these rules are.
Foreign investors must comply with two sets of law if they want to create holding companies in Vietnam. The first one is the Enterprise Law and the second one is the Investment Law.
The company registration process in Vietnam is not complicated and implies a few steps, one of the most important relating to choosing, reserving and registering a company name.
Even if a company has been registered, it is useful to know that its structure can be changed, if the owner wants to. The procedure of changing company types depends of the first form of the Vietnam business.
One of the most attractive incentives for foreign investors who set up businesses in Vietnam is the taxation system. According to recent surveys, Vietnam is one of the best countries to open a company in from a taxation point of view.
These are the two types of share capital prescribed by the law when registering a company in Vietnam.Our Vietnam company formation experts can offer information on the minimum share capital required when starting a business here.
The rights over intellectual property can be protected by registering copyrights, trademarks, industrial designs or models with the National Office of Intellectual Property of Vietnam (NOIP).
One of the most important attributes of the Vietnamese labor force is its youth. Also, Vietnam has one of the cheapest work forces in Southeast Asia.
Vietnam is one of the largest economies in Asia and one of the reasons for its economic wellbeing is the good combination between old industries like agriculture and manufacturing and the latest ones, such as information technology and financial technology.
One of the main advantages of Vietnam’s double taxation treaties is that is covers both natural persons and foreign companies with activities in the countries. Up to this moment, Vietnam has signed more than 60 double tax treaties.
There are several types of bank accounts which can be set up here. Among these, personal and corporate bank accounts are the most popular in Vietnam.
The local taxation system is based on the income tax which applies at national level to both individuals and companies.Companies operating in Vietnam will be levied the corporate tax at various rates based on the calculation of their profits.
The Vietnam law is very permissive with foreign companies seeking to operate on the local market through subsidiary companies. This is because the government is very keen on attracting new foreign investors.
For those seeking a faster way of doing business in Vietnam, there is the possibility of buying a shelf company. The shelf or ready-made company is a business form “sitting on a shelf” without any previous activity.
Vietnam is among the top 15 countries in the world in terms of population, which means it also has a great purchase power. In the region, Vietnam ranks 3rd in terms of market size.
The company dissolution process in Vietnam must start with a meeting of the shareholders and management board where a resolution for the termination of the business is agreed.
The steps which must be completed upon the Vietnam company formation procedure are easy and fast and all the documents must be filed with the Business Registration Office which is the equivalent of the trade registers in other countries.
In order to set up a branch, it is advisable for the foreign company to appoint a local agent who can complete the registration and licensing procedures. A Vietnam branch needs a special permit, called the establishment license.
Foreign enterprisers can benefit from many advantages when creating a limited liability company in Vietnam, especially if considering the legislation in this country provides for two types of forms of this structure.
The virtual office is the cheapest solution for small and medium-sized enterprises (SMEs) in Vietnam, which also represent the engine of the local economy.
Foreign investors can choose between the types of Vietnamese companies the Commercial Code provides for and which are similar to those in Western countries.
Opening a company in Vietman is not simple, however the requirements are. The minimum number of shareholders for creating a Vietnamese company is one, as for the directors, there is no imposition related to their nationality.