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FDI Companies In Vietnam – Free Frequently Asked Questions

FDI Companies in Vietnam

FDI Companies In Vietnam – Free Frequently Asked Questions

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VIVA Business Consulting is a local business consulting service with 10+ years of operation and with hundreds of FDI companies in Vietnam and Representative Offices in varies industries now are our loyal clients. 

We know how is your daily business pressure and how is the local business compliance procedures may disturb you and impact your business and also know how to support you identify and prevent the risks, optimize your benefit. 

This article presents our frequently asked questions for FDI companies in Vietnam – VIVA also provides the one-stop solution that you can solve and fix for most typical situations:

fdi companies

About FDI companies in Vietnam business license:

  1. How to set up new office nationwide?
  2. How to amend the license?
  3. How to change the legal representative?
  4. How to change the address?
  5. How to renew / extend the license?
  6. How to terminate / dissolution?
    1. Subsidiary company?
  7. Acquire a local company?
  8. Invest in Vietnam under a nominee?

Law, regulation, guidance on FDI companies in Vietnam: 

  1. General rules and regulations on: Investment, Commerce, Tax – accounting, Labor, …
  2. Specific guidance of the rules and regulations which related directly to your industry.

Incentive by Vietnam’s government for the investment / project:

  1. Land use and rental
  2. Tax
  3. Loans
  4. Locations
  5. Others incentives in cash and administrative procedures
  6. Apply for official certificate or confirmation from authorities

Tax: Rates • Calculations • Exemptions • Refunds

  1. Value added tax
  2. Corporate income tax
  3. Personal income tax
  4. Foreign Contractor Tax
  5. Capital Assignment Profits Tax
  6. Natural Resources Tax
  7. Property Taxes
  8. Environment Protection Tax
  9. Import and Export Duties
  10. Social, Health and Unemployment Insurance Contributions
  11. Tax Audits and Penalties
  12. Other Taxes

 About compliance reports for FDI companies in Vietnam:

  1. Compliance business records?
  2. Monthly, quarterly, annual reports?
  3. Accounting book and financial statements?

 About personal incomes tax obligations:

  1. Company tax expenses?
  2. For the owner members?
  3. For local employees?
  4. For expats?
  5. Tax settlement and confirmation letter of tax obligation?
  6. Non-taxable incomes?
  7. Avoid double tax agreement?

 About Labor obligations:

  1. Compliance employee profile?
  2. Labor contracts?
  3. Labor declarations?
  4. Payroll?
  5. Formulation of wage scales
  6. Social insurance and medical insurance?
  7. Internal labor regulations
  8. Visa, Work Permit and TRC for expat?
  9. Recruitment local employee?

And other labor concerns:

  1. Terminate labor relationship?
  2. Employee handbook?
  3. Code of conduct?
  4. Severance allowance
  5. Compensation & Benefits
  6. Job-loss allowance

About Protect your intellectual property:

  1. Protect copyright, copyright-related rights, industrial property rights and rights to plant varieties; and the protection of such rights…
  2. Matter of industrial property rights such as inventions, industrial designs, designs of semi-conducting closed circuits, trade secrets, marks, trade names and geographical indications.

Business records and Paperworks for FDI companies in Vietnam:

  1. Drafting and reviewing on every business document, contract, memorandum, agreement, decision… in English and Vietnamese.
  2. Legalization of foreign original documents.
  3. Translation: English, French, Japanese, Korean…
  4. Notarization, duly copy all types of documents.
  5. Providing standard business forms.

Special service for the Chief of Operation Officer:

General corporate and commercial services:

  • Advise on all aspects of general corporate and commercial law including drafting of contracts/agreements.
  • Advise on the legal and regulatory requirements for operating business in Vietnam in most industries: advise on the sale and acquisition of real estate by foreign invested entities and construction permits; review and drafting of land documentation including lease and sale and purchase agreements; on foreign exchange issues including foreign borrowings and repayments; assist in the drafting of loan agreements and security documentation…
  • Business disputes

Legal due diligence and deals support services:

  • Hand in hand in deals advisory and tax, provide comprehensive transaction services including structuring advice, legal due diligence investigations, preparation of transaction documentation and other deal support services.

Employment and human resources:

  • Advise on statutory employment regulations and corporate employment practices. Assist in the preparation and review of employment contracts, internal labour rules, codes of conduct, and assist expatriates to obtain work permits.
  • Advise on labour disputes.

Legal compliance/Company secretarial:

  • We keep the chief up-to-date on developments in legislation that may affect the businesses, and assist the chief with legal compliance requirements and company secretarial matters.

Consulting for all administrative procedures and on behalf to manage any query or requirement at:

  • Medical Inspection Department, Economic Department, Industry and Trade Department, Taxation Department, Statistical Office, Labor Department…

Other Business outsourcing and consulting service:

  1. Internal audit, Vendors compliance audit, Know Your Customer Compliance, Due Diligence Compliance Support.
  2. Local vendors.
  3. Local business policy and administrative procedures at state agencies.
  4. Accounting management, financial management.

Free quick responding business enquires for FDI companies in Vietnam:

 

VIVA has been an in-depth consultant on business compliance procedures in Vietnam since 2006, based on our professional - integrated background in Business laws - Accounting and corporate finance - Tax management - Labor relation and payroll – Business administration procedures. VIVA offers exclusive services in an integrated tailor-made, consist of 5 specialized-expertise platforms and the inheritance experience up to hundreds of years for every job.

Our extensive expertise and management system that facilitates us to connect local resources and be ready to deliver exclusive solutions that exceed all standard limits and satisfy all expectations of our clients.

 

Consult Us


Read more about FDI companies in Vietnam:

Top 10 challenges of doing business in Vietnam

05 Key Steps To Set Up A Foreign Invested Company In Vietnam

Assurance of Vietnam Government about Non State-owned Enterprises

Requirements For Taking Foreign Loans Applied To Foreign Invested Companies

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