Formation a company in Vietnam might consist of simple or complicated process depending on business lines that investors are willing to do the business. Almost business lines are unconditional business, except some special lines require additional conditions. Investors should be aware of conditional business to avoid any risks or illegal actions during operations.
Howerver, the most complicated works to set up a company in Vietnam are related to apply for additional specific license such as retails license. Although retais business is not conditional business, but foreign companies intend to sell goods at outlets have to ask for retails license for each outlet before doing these businesses. Retails license for foreign investors must be approved by both ministerial level and local councils, thus it takes much time and cost.
Clients should pay more attention on formation a company in industrial zones, processing zone, high tech parks, or special economic zones. Those locations are most suitable for manufacturers, R&D companies, or high-tech firms. Vietnamese government is now offering huge incentives to both local and foreign investors to invest in those locations. Not all kind of companies is welcomed to invest in those places, and country's government only encourages high-tech firms to invest.
First of all, Vietnam is now offering tax exempt to investors investing in special economic zone (SEZs) covering wide range of sectors. Tax exempt might be applied for whole life of project or up to 30 years of project life.
Second, land leasing exempt is applicable for incentive projects called for investment. Investors can apply for land leasing exempt or land leasing reduction based on their nature of projects.
Third, land leasing life is now under reviewing to expanse up to 99 years compared with only 50 years as stipulated in existing law.
Fourth, personal income tax exempt is applicable for expats working in investment projects located in SEZs.
NMK LLC offers best business services to investors considering to invest in Vietnam. Our consultants offer premium packages on Vietnam Company formation services covering complete set of all necessary documents to start clients' business and opening bank account at the first premium both local and international banks.
Our premium package of Vietnam Company Formation covering:
We support clients to register Vietnam company online within 10 working days since completing to declare needed information. Clients have just sent to our consultants all necessary documents and we will proceed to apply license. Business license, company seal, and bank account information will be sent back to clients upon getting approval from authorities.
To discover our professional services, please contact us at firstname.lastname@example.org or call to +84 33 7572 999.