Predicted to be among the top growth performers not only in Asia but also in the world, Vietnam has become one of the hottest investment destinations as well as for business expansion.
In 2019, Vietnam’s GDP per capita was recorded at USD 2,700, while the GDP per capita (PPP) at USD 8,100. Vietnam is home to foreign direct investment (FDI) projects with total value amounted to USD 19B in 2019 alone. Other appealing factors include its strategic location that is next to China and has one of the lowest wages in Southeast Asia.
Before foreigners can start running their businesses in Vietnam, business incorporation is required. What are the types of business entity available in Vietnam? What restrictions do foreign investors have to take into account? How easy is the company registration process? Are there any tax incentives offered by the government to encourage more foreign direct investments?
Fret not, as we have prepared a handy guide. Download our guide to business expansion to Vietnam for free.
Once you have downloaded it, you can gain insights into the common business entities in Vietnam, namely Limited Liability Company (LLC), Joint Stock Company (JSC), Representative Office (RO) and Branch Office (BO). The guide provides the nature, structure, capitalisation and benefits of each entity. It is best to observe each entity’s plus and minus points prior to making an informed decision when it comes to registering a company in Vietnam.
From reading the guide, you will also gain awareness that Vietnam comes with business restrictions for foreign investors, even though many sectors now allow 100% foreign ownership.
Another important key fact you will get from the guide is the company registration process in Vietnam. Learn the essential steps, requirements and documents that you need to prepare before going through with registering a company.
Finally, Vietnam offers two kinds of tax incentives, namely tax holidays and preferential tax rates based on industry and location.