Vietnam Incorporation

Vietnam is strategically located in Southeast Asia, offering access to major regional markets. With a stable political environment and a rapidly growing economy, it is an attractive destination for foreign.

The country boasts a young, dynamic workforce and competitive operating costs. Additionally, Vietnam's commitment to international trade agreements enhances its global business appeal.

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Benefit

Establishing a company in Vietnam presents numerous opportunities

Young and educated working population: With over 100 million people, Vietnam boasts a youthful workforce, with over 50% under the age of 35, and the highest labor force participation rate in Asia.

Thriving economy: Despite the pandemic, Vietnam maintains a high economic growth rate, standing out as one of the few countries to achieve significant growth during the COVID outbreak.

Strategic location: Vietnam's extensive coastline provides access to crucial shipping routes, positioning it as an ideal investment location due to its proximity to major Asia-Pacific economic hubs.

Supportive government policies: Vietnam offers attractive fiscal and non-fiscal incentives, including tax exemptions for investments in key sectors like high-tech and healthcare.

Trade arrangements: Vietnam's participation in numerous trade agreements facilitates cost-effective intra-regional tariffs and robust imports and exports.

Feature

Limited Liability Company (LLC) / Joint Stock Company (JSC)

A local registered address
No local legal representative requirement
Must carry out full capital contribution within 90 days
LLC: At least 1 member
JSC: At least 3 shareholder

Annual compliances

  • 01
    REPORT ON INVOICE USAGE

    Quarter I: April 30th

    Quarter II: July 30th

    Quarter III: October 30th

    Quarter IV: January 30th of the year later

  • 02
    PAYMENT OF CORPORATE INCOME TAX (CIT)

    Quarter I: April 30th

    Quarter II: July 30th

    Quarter III: October 30th

    Quarter IV: January 30th of the year later

  • 03
    TAX DECLARATION AND PAYMENT FOR VALUE ADDED TAX (VAT)

    Monthly: 20th day after month end

    Quarterly: 30th day after quarter end

    Annually: 30th day after Fiscal Year End (FYE)

  • 04
    ANNUAL REPORTS

    For 6-month: Before July 10th of the reporting year

    For year: Before February 10th of the following year

    Note: Before preparing the annual report, it is necessary to audit the financial statements

  • 05
    REPORT ON SALE OF GOODS
    Before: January 31st
  • 06
    ANNUAL GENERAL MEETING
    Within 4 months from the end of the financial year
  • 07
    ACCOUNTING RECORDS OBLIGATION
    Can be required to be retained in Vietnam for 5 years, 10 years, or permanently

Our services

We cover a wide range of corporate services to help your business get things done right from the start and run smoothly during company operations
01

INCORPORATION SERVICE

G2B offers comprehensive consultancy on the steps needed to establish a business in Vietnam. Our guidance is firmly grounded in legal regulations, ensuring your company does right from the outset.
02

ANNUAL COMPLIANCE SERVICE

G2B’s service assists businesses in meeting all legal obligations in Vietnam, including accounting and tax filing, ensuring that all necessary procedures are completed accurately and on time.
03

VISA/WORK PERMIT ASSISTANCE

G2B assists in obtaining visa and work permits, supporting businesses on their business trips and making the application process smoother.
04

LOCAL BANK ACCOUNT ASSISTANCE

G2B helps you open a local bank account based on needs and provides effective usage guidance, addressing businesses' banking requirements for conducting transactions in Vietnam.
05

OTHER RELATED SERVICES

G2B also offers other essential services for businesses, including connecting with legal advisors during operations and managing trademark registrations.

KYC documents checklist

KYC documents are important for identity verification. Here is a list of the required documents in Vietnam:

Copies of legal documents of the representative: Passport (for foreigners)/CCCD/ID card (for Vietnamese people)

Bank statement (Balance must be equal to or greater than the registered investment capital to open a company in Vietnam)

Documents proving the project location:

  • + Copies of the Certificate of land/building use rights of the lessor of the location or office in case of sublease from the owner of the house/building.

  • + Copies of the rental contract/agreement/memorandum of understanding to rent a location.

Note: All documents originating from abroad need to be consular legalized, notarized, and translated.
*** The documentation requirements will vary according to the type of business and its field of operation, with additional specific documents needed for each individual case.

Wonder how setting up a company in Vietnam fits your plan?

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Frequently asked questions

In this section we have put together some of the most common questions asked by our customers. If you have a query that isn't answered below, please don't hesitate to contact us.

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