Investor's blog

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Wise investment, wise planning!

After purchasing your asset and completed the fitting-out, it is time to rent it. These are the things to absolutely avoid when you are renting an apartment as a foreigner in Vietnam.

Use a nominee but for the correct mission

Through the years, we have seen extensive use of nominee to represent landlords. Those individuals, having received all the powers from the landlord, are basically holding your rents and may do whatever they want with it and includes not returning the cash. Although nominees are not a bad thing because it facilitates a lot the whole renting experience. One should be defining clearly the rights and obligations of the nominee party before getting into any absurd transfer of responsibilities. It is risky and unnecessary. 

pay your tax yourself not though another party

The tax law is clear and it is like that in any country: if you receive any sorts of income, you have to be taxed on that income unless you can prove that that income has been elsewhere taxed, either domestically via a tax receipt or internationally via a tax receipt/notice + a valid double taxation agreement (DTA) in force. If via some “weird schemes”, you find yourself unable to prove that you have paid your tax, there will be a liability. That is undeniable. In Vietnam, Foreigners are welcome to pay tax on their income and that is the way.

Choose an established company instead of a random INDIVIDUAL

When you are investing or doing business abroad, it is all about risk management. Would you choose an established company with a background in real estate investment experience or an individual that has no liability and, de facto, a very experience in dealing with tax matters? We are talking here about the legitimacy of the income flow of your investment and about potential substantial liability/penalty for tax fraud. What is the point of investing if you end up paying fine for having chosen the wrong “way” to work out your tax?

Our Asset Management Offer

Investing in a foreign country can be difficult if you do not do it properly, it can become very expensive. Here is a comprehensive approach to managing your investment!


→ Elaborate the investment plan and horizon

→ Organize the technical delivery of the asset via PCA Architects (if necessary)

→ Elaborate the design via PCA Architects (if necessary)

→ Organize and follow up the fitting-out (if necessary)

→ Assistance for the bank account opening to receive the rents (check requirements)

→ Register the landlord’s tax number

→ Redact the Power of Attorney to represent the landlord

→ Manage the relationship with the notary

→ Registration of the asset at the land department

 

→ Personal Income Tax declaration and filing

→ Tax Payment at the local tax office

→ Tax reporting to the landlord

 

→ Responsible for finding tenants

→ Contracting real estate brokers

→ Redact/amend lease agreement in the landlord’s best interest

→ Arrange all matters to ensure the success of the deal

→ Local presence for the tenant (with assistance within 24 hours)

→ Maintain a good relationship with the tenant

→ Negotiate and deal with the tenant when necessary

→ Periodically contact/visit the tenant to ensure maximum satisfaction

→ Take care of “temporary residence” book with the Government

→ Crisis management if necessary

 

→ Periodical maintenance according to the specifications of the construction company/constructor

→ Repair and fix all little issues

→ Periodical report if any incident 

→ Estimation of works 

→ Contractors relationship

→ Works follow-up & reporting

 

→ Checking & Paying fee for building management

→ Checking & Paying fee for internet provider

→ Checking & Paying fee for garbage management

→ Checking & Paying fee for electricity company

→ Checking & Paying fee for water company

→ Checking & Paying fee for TV provider

→ Checking & Paying fee for building management

→ Checking & Paying fee for handymen and suppliers

→ Checking & Paying fee for cleaning staffs

…

 

→ We do all of the above with extreme care and diligence

→ We act on your behalf and in your best interest

→ All expenses go through your approval before being spent

→ Reporting on the spot via email and/or instant messaging (Whatsapp, Viber, etc.)

→ All expenses come with a proper receipt for cash collection

→ We prepay most expenses for you and collect back the money from you

You will love to work with PCA!

Advantages

  • All legal, all correct from the beginning
  • Landlord is always in control of his/her money/property
  • World Class reporting & communication by ePCA
  • Online platform allowing real time tracking and download of supporting documents
  • Total transparency regarding the expenditures and other costs related to the property
  • Best prices guaranteed for fixing & repairing
  • Satisfaction of the tenant guarantee
  • Total freedom on mind for the landlord
  • Affordable solution thanks to our package
Need a bank account?

Requirements for opening an account
*online banking only (no ATM card)

  • For Hongkong, Chinese, Singapore: Passport, Visa (tourist or business, no validity requirement)
  • Other countries: Passport, Visa/TRC valid at least 6 months from the date of opening account
  • Physical presence at the Standard Chartered Branch

Requirements for opening an account
*online banking + VISA Debit card

  • Passport
  • Visa/TRC valid at least 6 months from the date of opening account
  • Physical presence at the Standard Chartered Branch

PCA got you covered, download the form here.

Transparent and easy

With our Asset Management package you invest freely and happily without ever worrying again!

Initial fee

All the preparation (filing, application, registration, etc.) needed before your investment make money!
$149.99
$ 129
99
per property
  • One time fee
  • Charged 3.000.000VND
  • * Notary will charge a fee for the POA
Get it

Asset Management

$149.99
$ 129
99
per quarter
  • Fee per quarter
  • Charged 3.000.000 VND
  • Maximum 3 properties included or 50.000.000VND rent
Get it
Best Value

What Clients say ?

Why would anyone hire the average accountant in your company who will never have any kind of responsibility in case of malpractice, when you can hire a professional firm with a dedicated team of professionals for a fraction of the price of having the same people in-house. The choice to go with PCA was no brainer. On top of that, they have been immensely helpful and patient since the first day.
Sebastian Grasco
COUNTRY HEAD, WINDHAM INSURANCE GROUP
We gave the tax token of our company to PCA and their teams over a year ago and since then, we have been helped and advised like never before. Consultancy sessions are short, straight to the point and truly actionable. As a business owner I cannot recommend PCA more because of their deep market knowledge and insightful recommendations that translate into considerable resources savings.
Tom N. Farley
AREA MANAGER, MINUT'CUT
It is very difficult to work with local partners as most Vietnamese accountants cannot communicate properly/natively in either French or English with our teams. Having the PCA team really helps us to understand the Vietnamese generally accepted accounting principles. In the long run, they helped us achieved substantial savings by making us understand the rules of deductibility.
Miss Duyen Cung
GENERAL MANAGER, PRIVE SPA

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PCA Company Services address in Ho Chi Minh City

22 Street 16, Tan Hung Ward, District 7
Ho Chi Minh City, Vietnam

Call us

+84 (0) 90909 1140, +84(0) 90909 1141

Whatsapp

+84 (0) 90909 1140, +84(0) 90909 0415

Viber

+84 (0) 90909 1140, +84(0) 90909 0415