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FOREIGN EMPLOYEES IN VIETNAM
WHAT YOU NEED TO KNOW

FOREIGN EMPLOYEES IN VIETNAM
WHAT YOU NEED TO KNOW

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Foreign employees in Vietnam

There are compliance procedures shall be complied as required by local laws for a foreign employee who is working in Vietnam. Either employees and employers are both shall keep in mind the following regulations and conditions.

CONDITIONS FOR FOREIGN EMPLOYEES TO WORK IN VIETNAM

  • Possessing technical and professional qualifications, skills and health condition that are appropriate to the work requirements.
  • Not being a criminal or subject to penal liability examination according to Vietnamese and foreign laws.
  • Foreign employees working in Vietnam shall comply with the labor law of Vietnam and treaties to which Vietnam is a contracting party which has different provisions, and are protected by Vietnamese law.

CONDITIONS FOR THE EMPLOYMENT OF FOREIGN EMPLOYEES

  • Domestic enterprises, agencies, organizations, individuals, and contractors may only employ foreign employees in such positions as manager, managing director, expert and technical worker which Vietnamese employees are still unable to meet production and business requirements.
  • Foreign enterprises, agencies, organizations, individuals and contractors shall, before employing foreign citizens to work in the territory of Vietnam, explain their labor demands and obtain written approval from competent state agencies.

COMPLIANCE TASKS OF RECRUITING FOREIGN EMPLOYEES IN VIETNAM

For the employers

  • Collect and manage the employees’ profile according to labor regulation and prepare for personal income tax records.
  • Declare labor use to competent state agencies
  • Declare and pay for medical insurance and in accordance with the Law on Social Insurance, which went into force early last year but will not cover foreign nationals working in Vietnam until early 2018, foreign workers in Vietnam with a work permit, or a practicing certificate or license will have to contribute social insurance. Vietnam has the current social insurance contribution rate up to 32.5%.
  • Register personal tax code number, deduct monthly personal income tax and pay on behalf. Some of your staff may not join your company full 12 months in the fiscal year or have global incomes or more incomes from wages /salary from other companies, in this case, these staff cannot request the employers to settle tax on their behalf but directly declare tax at tax authorities.
  • Remember for the first tax year of foreign employees: make and submit the tax settlement form by the 90th day from the end of the 12 consecutive months for the employee earns incomes from wages and has been present in Vietnam in the first calendar year for fewer than 183 days, but has been present in Vietnam for 183 days or more within 12 consecutive months from the date of arrival.
  • Prepare monthly, quarterly and annually personal income tax declaration and annually settlement.
  • Terminate the work permits (and the temporary card) once the labor contract terminated.

 

For the employees

  • Apply for a temporary resident card as two years visa multiple
  • Register temporary resident place with the local police for proper records
  • Collect and prepare papers for personal income tax declaration and settlement: Labor contracts, appointment letters, letter of income confirmation, dependent persons, school fee for children receipts, rental contracts, tax withhold receipts for incomes from other resources.
  • Directly declare tax at tax authorities. Upon you are resident or none resident in the fiscal year, you should declare and settlement of PIT for the incomes inside Vietnam or either global income. Taxable amount/tax rates of resident and none resident are completely different. Fail to apply properly declaration of PIT will lead to serious fines from the tax department in the coming years.
  • Prepare to renew work permit before the expired date at least 03 months.
  • Arrange for tax completion certificate before ending the assignment and leaving from Vietnam

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

 

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