Requirements for company registration in Vietnam

1. Company type: Limited Liability Company (Trading Type)

2. Legal person: At least 1 person, must be a natural person, regardless of nationality

3. Shareholder: At least 1 person, can be a Chinese natural person or company, regardless of nationality

4. Registered capital: must be paid in full, at least 100,000 US dollars, and the capital must be paid within 90 days after successful registration

5. Registered address: must have a local address

6. Proof of investment: must provide a bank deposit certificate, the investment funds are greater than or equal to the registered capital

7. Bank account opening: physical bank, no need to be present

8. Legal secretary: none

9. Notarization and certification: can be handled by yourself

Information required for company registration in Vietnam

1. Information: Passport (scan of the entire book)

2. Personal investment in Vietnam: personal passport + deposit certificate
3. Company investment in Vietnam: Vietnamese company legal person passport + shareholder company business license + shareholder company legal person passport + audit report in the last two years + company account deposit certificate
4. Hong Kong company investment in Vietnam: Vietnamese company legal person passport + Hong Kong company legal person passport + Hong Kong company business registration certificate + Hong Kong company registration certificate + audit report in the last two years + company account deposit certificate + Hong Kong company annual declaration form (optional)
5. Notarization and certification of translation: (Vietnam is not a member of the Hague, and Hague certification cannot be done)
6. Domestic company business license, deposit certificate, audit report: notarization by domestic notary office, double certification by the Ministry of Foreign Affairs + Vietnamese Embassy, ​​translation (Vietnamese/English)
7. Hong Kong company information, notarization by the Hong Kong High Court + certification by the Vietnamese Embassy

Main taxes and rates in Vietnam

1. Corporate income tax
Standard tax rate 20%
2. Value-added tax
Standard tax rate: 10%
Tax rate for basic goods and services: 5%
Tax rate for exported goods and services: 0%
3. Foreign contractor tax
(excluding value-added tax) Some payments to foreign parties are taxed at a rate determined by their nature:
Royalties: 10%
General services: 5%
Interest, goods: 10%
4. Personal income tax
Personal income tax depends on residency and the nature of income
• Resident taxpayers are taxed on global income, and non-resident taxpayers are taxed on Vietnamese income
• Employment income: resident taxpayers are taxed at a rate of 5%-35%; non-resident taxpayers are taxed at a fixed rate of 20% of Vietnamese income
• Non-employment income: tax rate is 0.1%-10%
5. Insurance: (social insurance, medical insurance, unemployment insurance)
1) Employer
Social insurance: 17.5%
Medical insurance: 3%
Unemployment insurance: 1%
2) Employee
Social insurance: 8%
Medical insurance: 1.5%
Unemployment insurance: 1%