China company registration

A: Vietnam allows most industries to have 100% foreign ownership. For example, trade, IT, manufacturing, education and other industries.
 However, some industries such as telecommunications, advertising, video games, transportation and customs, entertainment, and tourism require a Vietnamese joint venture partner, and energy import/export trading companies such as coal/heavy oil/lubricant cannot be registered with foreign ownership. (PS: We do not provide services for Vietnamese shareholders and Vietnamese local companies)
 Vietnam’s foreign ownership regulations: In Vietnam, the World Trade Organization (WTO) agreements set the limits of foreign ownership allowed for different industries. If there is no WTO agreement or local law regulating the foreign ownership limit for the industry, Vietnam-level approval is required to establish the company.

 A: The current policy of Vietnam in 2022, you can register, no restrictions on nationality, Chinese people can also register regardless of the old and new licenses.

 A：Yes, the registered capital must be funded within 90 days after the successful registration of the company, and must be the shareholder’s name account to the Vietnam company account investment account.

A: Yes, both must be issued together, because there are now many fraudulent subsidiaries in Vietnam, the government to prevent the filtering of these fraudulent subsidiaries, the audit system is becoming more and more stringent, stuck on these two conditions is to prevent some companies from empty-handed, if the actual payment, the money in the Vietnamese company or stay in Vietnam, so that the government can rest assured.

A: There are two major taxes in Vietnam, value-added tax and corporate income tax
 ① Value-added tax: Taxpayers should report and pay value-added tax on a monthly basis before the 20th day of the following month, or on a quarterly basis within the 30th day of the following month (for enterprises with average turnover not exceeding VND50 billion in the previous year).
 ②Corporate income tax: enterprises are required to make provisional payment of corporate income tax according to the estimated value every quarter. If the quarterly CIT is less than 80% of the year-end CIT liability, any difference in excess of 20% will be subject to interest on late payment (interest rate currently up to 11%/year) from the 4th quarter CIT payment deadline.
 The final corporate income tax return is filed annually. The annual corporate income tax return must be completed and filed no later than 90 days after the end of the fiscal year. The outstanding tax liability must be paid at the same time as mentioned above.

There is no legal requirement for investment and registered capital in Vietnam, the registered capital should match the industry you are engaged in, usually the Ministry of Planning and Investment of Vietnam will approve the minimum registered capital to meet the actual needs, if the amount is too low, the registration pass rate and registration processing time will be affected, the amount we suggest is only based on the processing experience, to ensure that the government can pass an amount faster. And each industry investment and registered capital requirements are different, unpopular industries are generally higher investment and registered capital requirements, such as clothing factories, and for the manufacturing industry, the registered capital should at least meet the needs of the purchase of equipment, production.
 General general trading companies:
 Investment capital: $150,000 in Bac Giang, $500,000 in Bac Ninh, $500,000 in Ho Chi Minh City, $500,000 in Binh Duong.
 Registered capital: US$100,000 in Bac Giang, US$250,000 in Bac Ninh, US$150,000 in Ho Chi Minh City, US$150,000 in Binh Duong.

No, when choosing the scope of business in Vietnam, there will be corresponding terms to choose, a Vietnamese company can choose a maximum of 5-7 terms, you need to provide your actual scope of business to our company, our company to help customers fill in.

①A branch is a subordinate unit of an enterprise and is responsible for performing all or part of the enterprise’s functions, including the functions of an authorized representative, and the branch’s scope of operation must be consistent with the enterprise’s scope of operation. The branch is allowed to engage in the company has been registered within the scope of business activities, but the branch shall not engage in any business activities without authorization, but under the authority of the company in accordance with the needs and conditions of business activities, the branch does not have legal personality, no registered capital, no independent tax ID.
 ②Newly established company has relatively large freedom

If you want to set up a human resources company in Vietnam, our advice is to acquire a local human resources company in Vietnam first.

 Yes, if you apply for Vietnam company registration with us, you can use this newly established company to open Vietnam company account and provide proof of deposit with this account, and there is no need to provide audit report.

Yes, monthly, quarterly is 3 months, is 1800 * 3

The annual financial report and the audit report are fixed in time, regardless of when the company was established, they have to be done when the time comes.