FAQ
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Frequently Asked Questions on Company Incorporation in Vietnam
The main taxes in Vietnam include corporate income tax (CIT), value-added tax (VAT), personal income tax (PIT), and business license tax. Other taxes that may occur include foreign contractor and import-export taxes.
There are four types of entities: Limited Liability Company (LLC), Joint-stock Company (JSC), Branch Office and Representative Office.
Although local laws don’t stipulate any minimum capital, 25-30,000 USD is commonly considered as the minimum capital investors should register to ensure smooth incorporation and business activities.
Yes. The Vietnamese law enables foreigners to open 100% foreign-owned companies in most business sectors. There are a few business sectors that you are restricted from, namely the following:
Drugs and narcotics,
Hazardous chemicals and minerals,
Range of specimens of endangered flora and fauna
Prostitution
Human trafficking, sale of human body parts and tissue,
Human cloning or asexual reproduction.
The most common structure for foreign investors setting up operations in Vietnam is Limited Liability Companies:
Single or multiple owners
100% foreign-owned or JV
Legal representative required
Setup time 5-8 weeks
The Ideal company for (foreign) investors who require complex corporate structures is Joint Stock Company:
Minimum 3 owners
100% foreign owned or JV
Management board required
Setup time 5-8 weeks
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