A. REGISTRATION LEVEL-2 E-ID ACCOUNTS FOR FOREIGNER[1] 1. What to prepare for level-2 e-ID registration? The first prerequisite is that the foreigner must have a permanent or temporary residence card in Vietnam. Additionally, they need to prepare the below document/information: (1) Passport (or international travel document) (2) Mobile phone number (must be registered under the…
The Law on Value-Added Tax 2024 will officially be implemented starting July 1, 2025. This law introduces significant adjustments to tax rates on goods and services. These changes will not only affect businesses but also have a direct impact on the lives and economies of individuals. Let’s explore these new policies to seize opportunities and…
According to Vietnamese law, for foreigners to work legally long-term in Vietnam, they generally need to possess a valid work permit. However, in specific cases, foreigners may be exempted from this requirement. So, which individuals are exempted from the work permit? Foreigners exempted from the work permit:[1] [1] Article 154 of the Labor Code 2019,…
According to the current Law on Enterprise, Vietnam has 05 types of enterprises including One-member limited-liability company, Multiple-member limited liability company, Joint-stock company, Sole proprietorships, and Partnerships. Each type has its advantages and disadvantages, so depending on the needs of the individual and organization wish to establish will choose the appropriate type. This table below will generalize the characteristics of different types…
Vietnam has become a vibrant market for technology companies, advertising agencies, and diverse service providers such as music, film, cloud storage, images, etc. The promising outlook of the Vietnamese market is increasingly driving service providers to aim for a long-term commitment, but along with that comes the requirement for transparency regarding tax declaration and income…
Foreign-invested enterprises in Vietnam, in addition to focusing on investment and business, also need to pay attention to the types of periodic reports that must be submitted. Timely implementation of these reports not only eliminates difficulties in carrying out legal procedures in the future but also avoids administrative sanctions due to failure to comply with…
Outward investment activity means an investor transferring investment capital from Vietnam to a foreign country, the Investor uses profit obtained from such investment capital to carry out outward investment activities in the foreign country. The Investor in Vietnam besides complying with the laws of the countries or territories that receive investment, also complies with the…
Transfer of capital and shares within companies is a common activity in Vietnam, carried out by members and shareholders in companies who wish to transfer their shares to others. The transfer can involve a portion or the entirety of the contributed capital or shares. In addition to reaching agreements between the buyer and seller on…
