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| Vietnam Incorporation | |||||||
Despite an easing of licensing restrictions and bureaucracy, Vietnam company incorporation remains difficult. The following information will help you determine whether Vietnam company incorporation meets your business needs: | |||||||
| Advantages of Vietnam Incorporation | |||||||
| 1. | Vietnam company incorporation is a legitimate way to tap opportunities in this emerging market.
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| 3. | Ongoing market reforms are set to make Vietnam company incorporation more attractive.
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| 4. | Vietnam is a politically stable jurisdiction.
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| 6. | Vietnam's acceptance into the World Trade Organisation (WTO) in early 2007 is likely to encourage Vietnam company formation as a vehicle to conduct international trade.
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| 7. | There are no minimum capital requirements with Vietnam company incorporation. | ||||||
| 8. | A Vietnamese company can be set up with just one shareholder and director. | ||||||
| 9. | Vietnamese companies recording tax losses can carry them forward for up to 5 years. | ||||||
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Disadvantages of Vietnam Company Formation | |||||||
| 1. | The World Bank and US-based Heritage Foundation have both ranked Vietnam as a difficult place to do business. (View the World Bank survey and the 2011 Index of Economic Freedom) | ||||||
| 2. | Companies are registered and regulated at provincial level, meaning tighter restrictions.
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| 3. | Despite legal reforms, Vietnamese company law is complicated and often poorly enforced. | ||||||
| 4. | Foreign companies are currently prohibited from operating 100% foreign-owned companies in Vietnam for the distribution of imported and domestically-produced goods.
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| 5. | To obtain a representative office licence in Vietnam, a foreign company must have been in operation for at least one year from its date of incorporation in its home country.
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| 6. | Foreign investors considering Vietnam company incorporation should note that all foreign-invested companies in the country must have their financial statements audited annually.
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| 7. | A Vietnamese company must pay a corporation tax of 25% on all taxable income.
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| Contact Us | |||||||
| For more information on Vietnam incorporation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. | |||||||
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