Frequently Asked Questions
Yes, it’s possible to set up 100% foreign-owned company in moist industries.
Yes, it’s totally possible.
02 types of company that foreign investor may register:
Liability Limited Company (LLC)
Joint Stock Company (JSC)
It’s not required a minimum paid-up capital for most industries
No, it is not.
Yes, it’s. Virtual office address is also acceptable for small business.
There are 2 typical licenses to obtain:
Investment Registration Certificate (IRC);
Enterprise Registration Certificate (ERC).
It usually takes around 01 month plus.
If the founder is an individual, documents to prepare:
Passport of individual investor;
Bank statement within 3-latest months
Office lease agreement/ MOU
If the founder is a company/ legal entity, it’s required to prepare:
Incorporation certificate/ Business license;
Article of Association;
Audited financial statements with 02 latest years
Office lease agreement/ MOU for new company in Vietnam
Passport of legal representative of new company in Vietnam
The standard Corporate Income Tax (CIT) rate in Vietnam is 20%, while the standard Value-Added Tax (VAT) rate is 10% and Personal Income Tax (PIT) rate is followed by progressive rate (5-35%) based on incomes.
Our Firm
A one-stop-business solution for business licenses, human resources, tax and accounting, enterprise law, work permit, residence card, visa, immigration, and house and office rental services.
