Foreign invested company (FIC) shall be the best choice for foreign investors if they wish to run business activities in Vietnam.
This form allows investor to easily control their business activities and accounting cost and profit. M&A and BCC can be considerable options in several specific cases.
FIC in Vietnam can be either Limited Liability Company or Joint Stock Company.
The registered capital is the Investment Capital of the FIC. Investment Capital shall include (i) Charter Capital and (ii) Loan capital (if any). The Investment Capital shall be verified.
Normal range of charter capital of FIC is from 50,000USD-150,000USD. Investor must provide sufficient documents to prove that it has enough financial ability to contribute such amount of money, e.g. Bank Statement of Account Balance or Audited Financial Statement.
The FIC Company shall be decided by the Licensing Authority.
FIC Company must pay Business License Tax annually. The Business License Tax is from 50USD-150USD per year.
It shall very much depend on the registered investment capital of FIC Company. FIC Company also has to pay Corporate Income Tax which is about 20-25% taxable profit of FIC Company and VAT (5-10% of total value of goods or services consumed by FIC Company).
For setting up a common FIC with no special conditions, our all inclusive charge shall be about 3,410 USD. Thing can change the actual fee is the translation fee.
We estimate about 3,410USD for the case wherein the translation expense is 600USD. In some case, the translation expense may be less.
We shall need Lease Contract upon filing application for setting up FIC. Labor Contract shall be only required in some special cases.
