FOREIGN INVESTOR, LEGAL REP AND CHIEF REP IN VIETNAM
THE LOCAL PROCEDURES IN VIETNAM | MANAGE AND PARTICIPATE IN THE COMPULSORY INSURANCES

Manage and participate in the compulsory insurances

FOREIGN INVESTOR, LEGAL REP AND CHIEF REP IN VIETNAM
THE LOCAL PROCEDURES IN VIETNAM | MANAGE AND PARTICIPATE IN THE COMPULSORY INSURANCES

(Last Updated On: June 21, 2022)

Manage and participate in the compulsory insurances

VIVA Business Consulting is offering free counsel and supporting to foreign investors and chief of representative office in Vietnam. Under our management, the any of your local required compliance procedures shall be reviewed and managed properly

Manage and participate in the compulsory insurances

  1. Cases that the employees who are foreign nationals working in Vietnam shall be required to participate in the compulsory SI program.
  2. Cases that the foreign employees referred above shall be excluded from participation in the compulsory social insurances.
  3. If the insured employee who is currently entitled to monthly retirement pensions and SI benefits is not residing in Vietnam, he/she may authorize another person to receive these amounts. The one-off benefit payment in his/her wish shall be approved.
  4. Manage your total compulsory social insurances contribution rates are 30%, consist of:
    • The employee side shall, on a monthly basis, make a total SI contribution accounting for 9,5% of monthly pay (8% into the retirement and death benefit fund and 1,5% into the sickness and parental insurance benefit fund)
    • The employer side shall, on a monthly basis, make a SI contribution accounting for 20,5% in proportion to the employee’s payroll in the SI payment month (14% into the retirement and death insurance benefit fund, 3% into the sickness and parental insurance benefit fund, 5% into the occupational accident and disease benefit fund, 3% into the health medical fund).  

 

 

Other compliance procedures for Investor, legal rep and chief rep in Vietnam

ABOUT VIVA BUSINESS CONSULTING

Who we are?

  • 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.
  • The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Secretarial services help us build trust and confidence in the entrepreneur's community.
  • We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigners working in Vietnam, Vietnamese SMEs, Chief Operation Officers.

What we do

  • Services for Expats in Vietnam: Visa, Work Permit, Temporary residence card, Compulsory Insurances, Personal Income tax, Labor contracts, Employment Records and Relations, Other Secretarial Services.
  • Services for Representative offices in Vietnam: Establishment, extension of representative office licenses. Required compliance procedures during operation. Rights and obligations of the chief of representative office. Closure of representative office risks management.
  • Services for a company in Vietnam: Setting up a new company and licensing service. Business records management. Daily business transactions management. Tax management. Accounting and financial statements. Employments, payroll and compulsory insurances. Representative on behalf of competent state agencies for any business administration procedures.

 

Motivated by our core values of ceaseless improvement, our great insights in local business culture and regulations, as well as the exclusive services, promise to offer you one-stop and tailored-made solutions that optimize every of your business in Vietnam in the lawful manner.

We are looking to be your valued business partner and resources in Vietnam as we have been choosing since 2006.

 

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