June 4, 2025 - GREEN NRJ

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June 4, 2025

Vietnam government announces plan to remove Business License Tax starting in 2026, impacting local and foreign businesses

Published by admin at June 4, 2025

Vietnam to Remove Business License Tax from 2026 – Critical Update for Every Business Owner

In a significant move to remove Business License Tax and foster a more business-friendly environment, Vietnam’s National Assembly has passed Resolution No. 198/2025/QH15, officially abolishing the […]

Frequently Asked Questions (FAQ)

What documents do I need to establish a company in Vietnam?

To register a company, you need to prepare the following:

Passport/ID card of the owner
A legal business address
Company charter
List of members/shareholders (if applicable)
Additional documents depending on the business sector

Can a foreign company own 100% of a business in Vietnam?

Yes, but it depends on the industry. Some sectors require a local partner or have foreign ownership restrictions. We provide detailed consultations based on your specific case.

What should I do after registering my company?

After company registration, you need to complete several key steps:
Create and register the company seal (if required)
Open a corporate bank account
Register for tax and submit the initial tax declaration
Obtain a digital signature and electronic invoices
Apply for special licenses (if required for your industry)

Do all companies have the same registration fees and conditions?

No. Costs and requirements vary depending on:
Business structure (LLC, Joint Stock Company, Partnership, etc.)
Industry regulations (some require minimum capital or additional permits)
Foreign ownership (foreign companies may need extra approvals)

What documents are required for importing and exporting goods?

Depending on the type of goods, the necessary documents may include:
Sales contract
Commercial invoice
Bill of lading
Customs declaration form
Certificate of origin (C/O)
Import license (if required for specific goods)

Do businesses need special permits for importing certain goods?

Yes, some products require additional permits, such as:
Food and pharmaceuticals (approval from the Ministry of Health)
Telecommunications equipment (certification of conformity)
Used machinery and equipment (quality inspection)