Vietnam is famous not just for its natural landscape but is also one of the most attractive destinations for foreign direct investment (FDI). If you want to know more about doing business in Vietnam, then contact us at Enterslice or continue reading. We provide the best services for having an international presence.
Strategic Business Location Economic Growth Young and skilled workforce Cheap Labour Infrastructural Development Solid Foreign Investment Policy Ease of Doing Business Double Tax Agreements Good trade relations with other countries Well-developed Infrastructure Facilities The following are the business structures available in Vietnam: Foreign investors willing to establish a 100% foreign-invested entity can choose an LLC business structure. It has a simple corporate structure therefore it is ideal for small and medium-sized enterprises. It can commence its operations with just one founder. The liability of the shareholders is limited to the value of shares. A Joint Stock Company is a complex and more demanding business structure. It is ideal for large companies. Large companies set up joint stock companies as it allows them to issue shares and list them on the stock exchange. This vehicle also allows 100% foreign ownership based on the business sector. A Joint Stock company allows a joint venture between foreign investors and local investors. It can be set up where there are equal portions of shares. A joint stock company requires minimum 3 shareholders for establishment but there is no upper limit for the number of shareholders. A representative office can be used by foreign investors to conduct research, analyze the local market, and promote marketing activities. The minimum requirement to set up a representative office in Vietnam is that the overseas parent company should be operating for a minimum of one 1 year. A branch office is an extension of its parent company overseas. A branch office can carry out all the commercial activities of the parent company and generate profits. It is not a separate legal entity however, it can issue VAT invoices on its own, and maintain accounting and financial records either with the headquarters or separate from its headquarters. It can also enter into contracts or agreements if required. Corporate Tax Value-Added Tax License Tax Import and Export Duty Excise Tax Personal Income Tax Foreign Contractor Tax (FCT) Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe. Our Vietnam Entry Strategy services involve the following services:Benefits of Doing Business in Vietnam
Types of Business Structure in Vietnam
Limited Liability Company (LLC)
Joint Stock Company
Representative Office
Branch Office
Different Types of Taxes in Vietnam
About our Services
Our Vietnam Entry Strategy is classified into the following: Business Structures available in Myanmar are Limited Liability Companies, Joint Stock Companies, Representative Offices, and Branch offices. Enterslice advises businesses on the type of business structure to opt for while setting up a business in Myanmar. Our team will also guide you in selecting the most suitable business structure for the business. We help in the registration process, opening a bank account for the business, and post-registration compliance. Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory for issues related to the management of the business. Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with. Vietnam follows Vietnamese Accounting Standards (VAS). Enterslice assists in preparing correct accounting records as per VAS. We provide accurate financial accounts to provide a clear picture of the performance of the business. Our experts at Enterslice are committed to offer the best accounting services customized as per the demands of your business. Our team members have expert accounting and audit knowledge along with practical experience which will help your business in meeting its industry-specific accounting challenges and financial reporting requirement. Our tax experts assist in filing the yearly corporate income tax (CIT) returns and audited financial statements. We provide thorough advisory on excise and customs. Enterslice offers a range of tax compliance services beginning with tax registration. Along with fulfilling the required tax reporting obligations, we compute taxes and prepare tax returns. Our team evaluates the tax returns prepared by the company and helps resolve the queries of tax authorities. Our goal is to ensure that tax laws are duly followed. Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement. Key factors making Vietnam an attractive location for business expansion and development are that it requires low cost to start a business, it has regulations that encourage foreign investment and the Vietnam government is open to the global economy. It is strategically located with direct access to the world’s main shipping routes. It also has stable GDP growth, a stable political and economic environment, and competitive labor costs. It is important for a foreign investor in Vietnam to examine the foreign ownership rules depending upon the type of business through which one is willing to conduct business in Vietnam. It is also important to examine the timing for getting operations up and running and the limitations of infrastructure and transportation. The corporate tax rate prevalent in Vietnam is 20%. The registration process takes approximately one month. If additional licenses are required to operate the business then the process can take three to four months. The benefits of opting for Enterslice for your business set-up in Vietnam are as follows: i. Professional Support ii. 24*7 Customer Support iii. Highly Integrated IT Team iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs. v. All-inclusive solution for our clients. 24x7 Client relationship support desk. Tech-enabled service delivery platform. Dedicated foreign Investment desk. 50,000+ Network of Attorneys/CPA/CA/CFA. Strong team of Inhouse Advocates/CA/CPA/CFA Individual and Dedicated professionals on every assignment. We register 100+ Companies every Month If you have any queries related to the Process, feel free to contact us. We will provideAbout Vietnam Entry Strategy
Business Setup Services
Consultancy on Managing the Business
Legal Advisory Services
Accounting and Audit Advisory Services
Tax Advisory Services
Intellectual Property Advisory Services
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-- Testimonials
“Enterslice and Its team made starting my company and running very easy. Their contribution in raising funds was immense. I highly recommend Enterslice to any one who wants to start a business in India. Thank you guys keep up the good work.”
CEO - Solarix
“Very professional services. I am highly impressed by their courteous and client oriented attitude.”
F Salon Paris
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
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