Company Registration in Vietnam

Requirements for Vietnam Company Registration

In order to proceed with Vietnam Company Registration, you will have to fulfil the requirements below:

• A foreign investor must obtain a Foreign Investment Certificate to register a company in Vietnam. This certificate confirms that the government has approved the foreign investment.
• A regulatory approval is also required for Vietnam Company Setup.
• Although it is not mandatory to appoint a local resident shareholder or director in Vietnam, a branch office, representative office, or foreign-owned LLC must appoint a local representative for company registration in Vietnam.

• Corporate Income Tax (CIT)
  The standard corporate income tax rate in Vietnam is 20%. However, businesses operating in special sectors such as oil, gas, or rare natural resources are subject to higher rates ranging from 32% to 50%, depending on the nature and location of the project.
• Value Added Tax (VAT)
  Vietnam applies VAT based on the type of goods and services:
  • 0% – for exported goods and services
  • 5% – for essential goods and services
  • 10% – the standard VAT rate, applicable to most goods and services
• Social Insurance Contributions
  Employers in Vietnam are required to contribute 17.5% of an employee’s salary to the social insurance fund. Additional mandatory contributions include:
  • 3% for health insurance
  • 1% for unemployment insurance
  This makes the total employer contribution approximately 21.5% of the employee’s salary.
• Stamp Duty
  Stamp duty in Vietnam applies to certain assets requiring ownership registration, such as real estate, automobiles, and motorcycles. The applicable rate depends on the type of asset and its location, typically ranging between 0.5% and 2%.