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
PwC’s International Tax Services team, working closely with PwC 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.
PwC’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 PwC 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.
Withholding taxes - foreign contractors
Effective withholding tax management encompasses not only tax filing requirements but also the implementation of controls and checks on the correct rate of withholding, an assessment of the adequacy of related documentation and ensuring tax treaty claims and credits are claimed in full. A failure to apply adequate controls can lead to significant and unnecessary tax costs.
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Legal services
PwC Legal (Vietnam) Co., Ltd is a law company established in 2000, and licensed in Vietnam by the Ministry of Justice, with its head office in Ho Chi Minh City and a branch office in Hanoi. As part of the PwC global network, we offers our clients comprehensive legal advisory services alongside the assurance, tax and advisory services provided by our associated PwC offices.
Visit our legal site hereLatest tax newsbriefs
- Draft decree on Investment support fund in Vietnam
- Technical BOM (Bill of materials) can be used in C/O application dossiers
- グローバルミニマム課税ルールの決議について
- Decree 94/2023 regulating the 2% VAT reduction
- 越南全球最低稅負制之決議
- 2024年度の付加価値税（VAT）の税率2%の引き下げ
- 베트남 글로벌 최저한세 정책에 대한 결의문
- Resolution on Global Minimum Tax policy in Vietnam
- Resolution on VAT rate reduction
- 環境保護政令の草案に基づく拡大生産者責任（EPR）規制の修正案について
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