Services
VIETNAM COMPANY FORMATION
VietNam company formation
|
Vietnam company formation is difficult for foreign investors because of complex licensing procedures.
That said, economic reforms are attracting foreign, export-orientated manufacturing industries.
HDP Consultants offers a complete Vietnam company formation service. The following information
will help you determine whether Vietnam company formation is the optimum corporate structure to fulfill your international business objectives:
|
|
Advantages of Vietnam Company Formation |
|
|
1.
|
Vietnam company formation assists our clients to legitimately conduct business in Vietnam with 100% foreign ownership in selected sectors. For more information, visit our Vietnam 100% foreign-owned companypage.
|
|
2.
|
A Vietnam Joint Venture is an ideal way for foreign investors to gain ready access to local markets. For more information, visit our Vietnam Joint Venture page.
|
|
3.
|
A representative office is a cost-effective way for global companies to create a market presence in Vietnam. For more information, visit our Vietnam Representative Office page.
|
|
4.
|
Vietnam company formation requires a minimum of one director, who need not be resident in Vietnam.
|
|
5.
|
There are no minimum capital requirements with Vietnam Company formation except for a few specific business lines such as real estate, insurance, aviation services, banking and securities.
|
|
6.
|
Vietnam joined the World Trade Organisation (WTO) in January 2007, obliging it to reform its legal system, strengthen intellectual property rights protection and lift trade barriers.
|
|
7.
|
Following Vietnam company formation, Healy Consultants can open a corporate bank account with one of the world's leading retail banks, including HSBC...
|
|
8.
|
Healy Consultants can obtain residence visas for foreign employees following Vietnam company formation.
|
Disadvantages of Vietnam Company Formation |
|
|
1.
|
A Vietnamese company must pay a corporation tax of 25% on all taxable income. The corporation tax applicable to business establishments conducting exploration and exploitation of oil and gas and other valuable and rare natural resources is between 32% and 50%. Preferential corporation tax of 20% and 10%, in the form of incentives, apply if the enterprise meets specific criteria.
|
|
2.
|
Examples of the challenges of Vietnam company formation include i) to obtain a Vietnam branch office license, the foreign company must have been in operation for three years ii) all foreign documents must be translated into Vietnamese and notarised by a Vietnamese state notary or Vietnamese embassy or consulate. For more information, visit our Branch Office page.
|
|
3.
|
A minimum of two shareholders is required with Vietnam company formation.
|
|
4.
|
Vietnam is negatively ranked as the world's 139th freest economy in the Heritage Organisation’s 2011 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.
|
|
5.
|
Vietnam company formation is complex, and this is reflected in Vietnam's low ranking of 78th in the World Bank's Doing Business 2011 Survey. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.
|
|
6.
|
Vietnam is negatively ranked 65th in the Global Competitiveness Report 2011-2012, by the World Economic Forum, one of the world’s most comprehensive and respected assessment of countries’ competitiveness, offering invaluable insights into the policies, institutions, and factors driving productivity.
|
|
7.
|
Vietnam suffers from a poor international business reputation. For example, Vietnam is negatively perceived as the world's 112th least corrupt country in the 2011 Corruption Perceptions Indexby Transparency International, a global measure of corruption amongst public officials and politicians.
|
|
Contact Us: all@lhdfirm.com
|
|
Back