All posts by b@pca-cs.com

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Should I declare/deduct/notarize the lease contract of my office?

Declared yes but kindly remember for the rent to be deductible, there are 5 conditions: company or branch must be registered at the address...

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What are the common taxes in Vietnam?

VAT: 10% for most commodities 5% for fresh food 0% for software CIT: 20% Import tax and duties: depends on the HS Foreign Contractor...

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What is the difference between the Foreign Direct Investment (FDI) and the Mergers & Acquisitions (M&A) when it comes to company incorporation?

The main accepted difference resides in the methodology. The FDI method also called the direct incorporation is known to be more demanding in terms...

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Should I use a nominee Vietnamese to own my company to make things easier?

The answer is : why would you do anything like it? Vietnam has prepared a legal framework that helps foreign investors getting into business...

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Should I be physically in Vietnam to open a Company here?

No! definitely not. For all procedures (incorporation and bank account opening), we can use Power of Attorney to represent you. There will be some...

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I want to open a shop to sell my goods? Is that alright?

[UPDATED ON 15/11/2020] In Vietnam when you are a Foreigner, it is easy to open and office to host your activities but opening a...

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How can I check if my company is well registered and who is the legal representative?

Nothing easier! Follow this link https://dangkykinhdoanh.gov.vn/ and insert the tax number or the name of the company in the search field on the top...

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How often do I have to report VAT in Vietnam and can I do it myself?

In Vietnam, accounting must be hand over together with a few others reports quarterly (VAT, CIT, usage of VAT invoice, etc.). Unfortunately, unless you...

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Should I have the account of my company audited?

[UPDATED 01/12/2020] Any companies with foreign capital, even the slightest, must be audited once yearly by a Certified Public Accountant (CPA). PCA Company Services...