Doing business & investing in Vietnam – Inbound services

Overview

The constantly changing economic environment provides a number of challenges and opportunities for foreign-based MNCs with existing operations in Vietnam and those who are contemplating doing business or investing here. 

The complexity of the Vietnamese tax system coupled with inconsistencies in the application of regulations and difficulties in navigating commercial and legal restrictions can create significant challenges for investors.  Our team can work with you to guide you through these challenges.   

Aligning commercial and tax strategies

AA’s International Tax Services team, working closely with AA Legal, helps foreign-based MNCs develop cross-border strategies that meet their business, compliance and tax needs.  These strategies focus on areas such as the tax and compliance obligations of doing business in Vietnam without a formal presence there, establishing entities, financing, foreign ownership restrictions and licencing requirements, tax incentives, repatriation and foreign exchange control restrictions. Whether you are investing for the first time in Vietnam or you are expanding or reorganising existing operations we can advise you on the best structure for your investment and help you to navigate the tax, legal and practical hurdles companies often face. 

AA’s inbound services are designed to assist overseas companies with some of the key tax, regulatory and other requirements of setting up or expanding business in Vietnam.  Our unique approach, our extensive experience and our ability to work closely with AA Legal allows us to support a smooth, compliant and timely set up with no surprises and with support at every step of the process.

How we can help

We can work with you by offering assistance and/or coordination in several areas including:

• Identifying the most appropriate legal form and structure for your investment;
• Formation of the entity and advice on registration requirements;
• Advice on the tax implications, registration and licencing requirements and foreign ownership restrictions as they apply to certain industries;
• Advice on the latest Vietnam legislative, regulatory, and planning developments that impact Vietnamese inbound groups to put you in a position to better understand emerging tax issues and compliance obligations;
• Setting up and operating payroll;
• Representative office, company and tax registrations;
• Identification of tax incentives; and
• Advice on relocating employees to work in Vietnam.