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FOREIGN INVESTOR, LEGAL REP AND CHIEF REP IN VIETNAM
THE REQUIRED COMPLIANCE PROCEDURES THAT YOU SHALL KEEP IN MIND

FOREIGN INVESTOR, LEGAL REP AND CHIEF REP IN VIETNAM
THE REQUIRED COMPLIANCE PROCEDURES THAT YOU SHALL KEEP IN MIND

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 investor, legal REP, chief REP Vietnam: manage the local required records and procedures

Vietnam-based representative office of a foreign investor means a dependent unit, a lawful office in Vietnam, allowed to recruit staff to manage and promote sale contracts with local business partners, research and develop products, seeking opportunities for the purchase or sale of goods and provision of services. A foreign representative office is a simple form of investment in Vietnam to enhance business from overseas, with multiple advantages while fewer risks regarding the required business compliance procedures such as investment capital, tax, accounting, and auditing. And it is easy to be extended or terminated or dissolved. The expatriate employees who work for representative office can obtain work permit and two years multiple visa (temporary residence card) for themselves and their family in Vietnam.

INVESTORS, LEGAL REP AND CHIEF OF REP IN VIETNAM

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

Professional employee profile and establish local employment relations

  1. Know your employer and your title position
  2. Local job descriptions that shall be inline and consistent with the position
  3. Establish lawful employment relations in forms of appointment letter, labor contract, internal assignment…
  4. Required papers to meet local conditions on foreign employment in Vietnam.
  5. Manage your work permits, residency.

Manage your personal income tax and tax planning

  1. Taxable incomes and tax exemption, methods of tax declaration and payment.
  2. Review and identify your sources of incomes, and tax deduction to avoid potential violations that may impact to your good standing.
  3. Calculate tour tax payable amount and compulsory insurances in lawful and optimal manners.
  4. Review your tax reports and annual final settlement, apply for insurance benefits and avoid double tax payments according to the tax agreements.
  5. Representative on behalf to manage and settle any query or requirements from the local competent state agencies.

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).

 

 

Manage your work permit in Vietnam

Manage your investment Temporary residence card in Vietnam

Depending on the investment capital, there are 04 types of investment visas for foreign investors:

  1. VISA – ĐT1 has time limits of visa do not exceed 10 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 100 billion or more or investing in business lines benefitting from investment incentives, in administrative divisions benefitting from investment incentives decided by the Government.
  2. VISA – ĐT2 has time limits of visa do not exceed 5 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 50 billion to less than VND 100 billion or investing in business lines benefitting from investment incentives treatment decided by the Government.
  3. VISA – ĐT3 has time limits of visa do not exceed 3 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 3 billion to less than VND 50 billion.
  4. VISA -ĐT4 has time limits of visa do not exceed 12 months – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of less than VND 3 billion.

The local procedures in Vietnam | banking, housing, investing

  1. Private banking services: Manage required papers and procedures for every transaction as per local laws. Overseas remittance and loans.
  2. Direct or In-direct Investment in Vietnam.
  3. Buy, rent and purchase housing
  4. Business records management for any required papers so that you will be always ready to provide information and protect your interests during your working in Vietnam.
  5. Exclusive counsel for the Chief of representative offices and Legal representatives of a business entity.

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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