Start business in Vietnam
Another option when moving to Vietnam is to start your own business. There are a lot of articles on the Internet about how difficult and troublesome starting a business in Vietnam is, and how everything is forbidden. Upon closer inspection however, it is evident that some authors of these texts have had no practical experience in doing so, while others have spread information from unreliable sources. In fact, there are few businesses which foreign investors truly cannot do. These are national currency printing, gold and gem mining, pearl and rice cultivation, topography and few more which are threatening for national security. In reality, if you organize a joint venture, you can do it!
Doing business in Vietnam
So, if you want to do business, create or promote something new and interesting, Vietnam today is one of the most prospective fields for making your dream come true.
Taxation issues
It isn’t widely known that Vietnam provides tax benefits and administrative support to environmental protection projects, application of new technologies in any production, processing of raw materials, development of information systems and software. Read more about tax benefits in Vietnam here…
Taxation in Vietnam is often exaggerated, too. Corporate tax (income tax) is 20% of net profit. VAT is 10% and Manufacturers can get preferential VAT rate 5%. Read more about taxes in Vietnam here…
Legal advice issues
Some authors mention the “difficulties for starting as an investor or businessman in Vietnam”. Let me be clear, there are no difficulties for people who are skillfully guided in the laws of Vietnam, in the paperwork and further legal and accounting support. Our company Leadership TSC is ready to take over all paperwork in order to help you get fully registered in time. Read more about options of starting a company in Vietnam here…
If anyone has ever told you that purchasing an operating company is easier and more profitable than starting a new one, don’t trust them. Our experience reveals renewal procedures are all the same as when starting a new company, just with some additional costs in order to check the tax and administrative cleanliness. Buying an operating company makes sense only in the case of buying a successful operating business.
I would also like to highlight rumors regarding lack of rights for a foreign entrepreneur in Vietnam. Sometimes foreign entrepreneurs try to avoid additional costs and don’t perform proper paperwork and tax declaration. There is not one case throughout my experience where a foreign entrepreneur would not have been helped by the law when they have properly filled out all documents. On the contrary, I know of cases where Vietnamese landlords have found difficulty in evicting foreign tenants, simply because the foreign tenants have completed leasing contracts properly.
Our company Leadership TSC will help you get into the Vietnamese business environment as comfortably as possible. Order one of the most convenient packages of service now, and get a 20% discount for annual accounting.
SMALL BUSINESS IN VIETNAM — from 26 000 USD
- Visa invitation letter for 3 months
- 2 year resident card for you and one family member
- Airport meet and greet
- Information meeting
- Housing search and rent for 3 months
- Motorbike rental for 3 months
- Company paperwork
- Ready working business (price of package varies according to business)
- Information support for a year
BUSINESS IMMIGRATION TO VIETNAM — from 150 000 USD
- Visa invitation letter for 3 months
- 3 year resident card for you and one family member
- Airport meet and greet
- Information meeting
- Ownership of 2 bedroom apartment
- Ownership of motorbike
- Company paperwork
- Ready working business (price of package varies according to business)
- Information support for a year
Find more videos about doing business in Vietnam.
Read also:
Business codes with additional conditions for foreigners in Vietnam
