Best answer: How do I apply for a business license in Vietnam?

How much is a business license in Vietnam?

Business license tax.

This is charged right after your company is registered, and then paid on an annual basis thereafter. For a typical small-capital company, the business license tax is 2m VND per year ($85 USD).

Can foreigners own a business in Vietnam?

Foreigners are permitted to own and operate their own businesses in Vietnam, either through indirect or direct foreign investment. … Businesses that are wholly foreign-owned or are participating in joint ventures with a Vietnamese business are considered to be direct foreign investments.

How much money do you need to start a business in Vietnam?

#2 Minimum capital requirement

A lot of businesses set capital of USD 10,000. However, from our experience, it is possible to open a business service company with USD 3,000. Note that there are some business lines with minimum capital requirements.

Is it easy to set up business in Vietnam?

The process of starting a business in Vietnam is simple and relatively easy. This makes the country a good place to open a small business like a restaurant or consulting firm.

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How much does it cost to build a factory in Vietnam?

So total investment cost in Vietnam including 3 major things: Certificate/Licence, Land, Construction. For example, if a client is going to build a 1-hectare factory around Ha Noi the cost will be about 1.6 million to 2.3 million USD.

Is Vietnam a good place to start a business?

Being one of the fastest-growing economies in the world, Vietnam becomes a strategic place for many foreign entrepreneurs to invest. Its relatively cheap but highly qualified population is not the only reason attracting businessmen from all over the world to set up a company in Vietnam.

What are the risks of doing business in Vietnam?

Overseas Business Risk: Vietnam

  • Political.
  • Economic and Trade.
  • Business and Human Rights.
  • Bribery and Corruption.
  • Terrorism Threat.
  • Protective Security Advice.
  • Intellectual Property.

Can foreigner buy house in Vietnam?

The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.

Can I work on a business visa in Vietnam?

Yes, you can work in Vietnam while you hold a Business Visa, as long as the duration of work does not exceed 90 days per year. If you’re going to be working for longer than three months, you have to apply for a Vietnam Work Permit (Work Visa).

What is Vietnam’s biggest export?

Top 10

  • Electrical machinery, equipment: US$153.5 billion (44.1% of total exports)
  • Machinery including computers: $23.9 billion (6.9%)
  • Footwear: $23.8 billion (6.8%)
  • Clothing, accessories (not knit or crochet): $15.5 billion (4.5%)
  • Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%)
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What is the cost of living in Vietnam?

Many Westerners who live in Hanoi and Ho Chi Minh City get by spending around $500 per month, but it’s a no-frills lifestyle.

Cost of Living in Vietnam.

Expense U.S. $
Groceries $100
Entertainment (eating out five nights a week, including beer or soft drinks) $250 to $300
Monthly Total: $899 to $1,469