{"id":2135,"date":"2023-10-19T07:43:57","date_gmt":"2023-10-19T07:43:57","guid":{"rendered":"https:\/\/gtax.vn\/english\/?p=2135"},"modified":"2023-10-30T07:37:33","modified_gmt":"2023-10-30T07:37:33","slug":"types-of-business-in-vietnam","status":"publish","type":"post","link":"https:\/\/gtax.vn\/english\/types-of-business-in-vietnam\/","title":{"rendered":"Types of Business in Vietnam"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2135\" class=\"elementor elementor-2135\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f4cb42 e-flex e-con-boxed e-con e-parent\" data-id=\"5f4cb42\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f9e0a0a elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"f9e0a0a\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Types of Business in Vietnam<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0cf5cc elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"c0cf5cc\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-7f530f1 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/gtax.vn\/english\/2023\/10\/19\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\tOctober 19, 2023\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-6863c75 elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/gtax.vn\/english\/author\/admin\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tadmin\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0aa8a97 e-flex e-con-boxed e-con e-parent\" data-id=\"0aa8a97\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9e63bc4 elementor-widget elementor-widget-text-editor\" data-id=\"9e63bc4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\"><em><span class=\"s1\">Currently, investors can choose from the following types of businesses to register to establish a business in Vietnam: Representative Office; Limited Liability Company; Joint-Stock Company; Branch Office; Joint Venture; Public Private Partnership.<\/span><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a58d007 elementor-widget elementor-widget-text-editor\" data-id=\"a58d007\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 class=\"p3\"><span style=\"color: #000080;\"><strong><span class=\"s2\">1. Representative Office<\/span><\/strong><\/span><\/h3><p class=\"p4\"><span class=\"s1\">A Representative Office offers a low-cost entry option for many companies, and are among the most common for companies that are first-time entrants to the Vietnamese market.<\/span><\/p><p class=\"p5\"><span class=\"s2\">Representative Office\u2019s are often suitable for companies that may be seeking to gain a better understanding of the Vietnamese market with a smaller initial investment, and may be used to pave the way for a larger presence within the country in future years.<\/span><\/p><p class=\"p7\"><strong><span class=\"s2\">Requirements and registered capital<\/span><\/strong><\/p><p class=\"p5\"><span class=\"s2\">Registered capital is NOT a statutory requirement for setting up a Representative Office in Vietnam.\u00a0<\/span><\/p><p class=\"p7\"><strong><span class=\"s2\">Time to establish<\/span><\/strong><\/p><p class=\"p4\"><span class=\"s1\">Representative Offices can be set up about 7 working days under the laws of Vietnam.\u00a0<\/span><\/p><p class=\"p5\"><strong><span class=\"s2\">Representative Office&#8217;s are currently permitted to engage in the following activities:<\/span><\/strong><\/p><ul class=\"ul1\"><li class=\"li6\"><span class=\"s2\">Conducting market research;<\/span><\/li><li class=\"li6\"><span class=\"s2\">Acting as a liaison office for its parent company;<\/span><\/li><li class=\"li6\"><span class=\"s2\">Promoting the activities of its head office through meetings and other activities that leads to business at later stages.<\/span><\/li><\/ul><h3 class=\"p1\"><span style=\"color: #000080;\"><strong><span class=\"s1\">2. Limited Liability Company<\/span><\/strong><\/span><\/h3><p class=\"p2\"><span class=\"s1\">A Limited Liability Company (LLC) is an incorporated company with limited liability and the investor does not intend to become a publicly traded company.<\/span><\/p><p class=\"p2\"><span class=\"s1\">Normally, foreign investors who want to establish a Limited Liability Company in Vietnam will consider &#8216;<\/span><span class=\"s2\">100% Foreign-Owned Enterprise<\/span><span class=\"s1\">&#8216;.<\/span><\/p><p class=\"p5\"><strong><span class=\"s3\">Requirements and registered capital<\/span><\/strong><\/p><p class=\"p6\"><span class=\"s3\">For most sectors and business lines, Vietnam requires no minimum capital requirements. However, the registered capital will be assessed by The Department of Planning and Investment for whether it is adequate to cover the expenses of the business until it generates enough revenue to cover its costs. It is possible to setup a basic business services company with less than USD 10,000 in some cases, but in most cases it would be at or above this threshold, depending on the nature of the business.<\/span><\/p><p class=\"p6\"><span class=\"s3\">It is best to verify whether your business may require minimum capital investment however, given that some industry sectors (business lines) do have requirements.<\/span><\/p><p class=\"p6\"><span class=\"s3\">Examples include:<\/span><\/p><ul class=\"ul1\"><li class=\"li7\"><span class=\"s3\">Finance, Banking, Insurance and Fin-tech;<\/span><\/li><li class=\"li7\"><span class=\"s3\">Language centers or Vocational schools;<\/span><\/li><li class=\"li7\"><span class=\"s3\">Real estate companies;<\/span><\/li><\/ul><p class=\"p5\"><strong><span class=\"s3\">Ownership<\/span><\/strong><\/p><p class=\"p6\"><span class=\"s3\">Limited Liability Company can be broken down into two types: single-member Limited Liability Company which have only one owner, and multiple-member Limited Liability Company, which will have more than one stakeholder. These owners can be private individuals or companies, depending on the requirements of a given investor.<\/span><\/p><p class=\"p5\"><strong><span class=\"s3\">Time to establish<\/span><\/strong><\/p><p class=\"p6\"><span class=\"s3\">Under the laws of Vietnam, setup time for a Limited Liability Company (100% Foreign-Owned Enterprise) will be divided into two stages:<\/span><\/p><ul class=\"ul1\"><li class=\"li7\"><span class=\"s3\">Obtain Investment Registration Certificate: about 15 working days<\/span><\/li><li class=\"li7\"><span class=\"s3\">Obtain Enterprise Registration Certificate: about 03 working days<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd5a49e elementor-widget elementor-widget-text-editor\" data-id=\"fd5a49e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 class=\"p1\"><span style=\"color: #000080;\"><strong><span class=\"s1\">3. Branch Office<\/span><\/strong><\/span><\/h3><p class=\"p3\"><span class=\"s1\">Branch offices<span class=\"Apple-converted-space\">\u00a0 <\/span>in Vietnam are limited to certain types of service businesses, such as finance and banking. Branch offices are service providers and provide services other than those specified in specialized legislative documents . Branch offices may also hire staff directly.<\/span><\/p><p class=\"p3\"><strong><span class=\"s1\">Branch Offices are permitted to engage in the following activities:<\/span><\/strong><\/p><ul class=\"ul1\"><li class=\"li4\"><span class=\"s1\">Rent offices;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Lease or purchase the equipment and facilities required for operations;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Recruit local and foreign employees;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Remit profits abroad;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Purchase and sell goods and commercial activities per licensing;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Set up accounting, marketing, and HR departments to represent the parent company.<\/span><\/li><\/ul><p class=\"p5\"><strong><span class=\"s1\">Requirements and registered capital<\/span><\/strong><\/p><p class=\"p3\"><span class=\"s1\">The Branch office will need to obtain an establishment license and have a seal with the name of the parent company. The Branch office<span class=\"Apple-converted-space\">\u00a0 <\/span>will also need to appoint a branch manager who is a Vietnam resident.<\/span><\/p><p class=\"p5\"><strong><span class=\"s1\">Ownership<\/span><\/strong><\/p><p class=\"p3\"><span class=\"s1\">Foreign companies may appoint a manager from their countries of origin; however, this employee must get a Vietnam work permit to be hired as a Branch office manager.<\/span><\/p><p class=\"p5\"><strong><span class=\"s1\">Time to establish<\/span><\/strong><\/p><p class=\"p3\"><span class=\"s1\">Branch office can be set up within 07 working days (excluding the time for seeking approval from other departments if required).<\/span><\/p><h3 class=\"p1\"><span style=\"color: #000080;\"><strong><span class=\"s1\">4. Joint Venture<\/span><\/strong><\/span><\/h3><p class=\"p2\"><span class=\"s1\">A Joint Venture is a partnership of companies that are created for a specific business purpose. The owning partners of a foreign-invested Joint Venture can comprise at least two foreign entities or at least one foreign and at least one local entity.<\/span><\/p><p class=\"p3\"><strong><span class=\"s1\">Ownership<\/span><\/strong><\/p><p class=\"p2\"><span class=\"s1\">Statutory guidelines on foreign ownership, impose a minimum contribution of 30 percent. Beyond this, foreign investors may choose a majority stake with ownership exceeding 50 percent, or a minority share ownership of less than 50 percent in most sectors, given that most industries are open to up to 100% foreign ownership. However, the government also mandates minimum contributions for domestic partners in Joint Venture in some industries.<\/span><\/p><p class=\"p2\"><span class=\"s1\">These business fields require a foreign investor to form a joint-venture with a local partner to enter the market:<\/span><\/p><ul class=\"ul1\"><li class=\"li4\"><span class=\"s1\">Advertising services;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Agriculture, hunting, and forestry related services;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Telecommunication services;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Travel agencies; Tour operator services; Entertainment services;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Electronic gaming businesses;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Container handling; Customs clearance services; Auxiliary transport services;<\/span><\/li><li class=\"li4\"><span class=\"s1\">Internal waterways transport, rail and road transport services.<\/span><\/li><\/ul><p class=\"p2\"><span class=\"s1\">For investors purchasing stakes in state-owned enterprises equitized on Vietnam\u2019s exchanges, the JSC structure is required.<\/span><\/p><p class=\"p3\"><strong><span class=\"s1\">Requirements and registered capital<\/span><\/strong><\/p><p class=\"p5\"><span class=\"s3\">The capital requirements for Joint Venture are the same as for 100% <\/span><span class=\"s4\">Foreign-Owned Enterprise<\/span><\/p><p class=\"p6\"><strong><span class=\"s1\">Time to establish<\/span><\/strong><\/p><p class=\"p2\"><span class=\"s1\">Under the laws of Vietnam, setup time for a 100 % <\/span><span class=\"s5\">Limited liability companies<\/span><span class=\"s1\"> will be divided into two stages:<\/span><\/p><ul class=\"ul1\"><li class=\"li4\"><span class=\"s1\">Obtain Investment Registration Certificate: about 15 working days<\/span><\/li><li class=\"li4\"><span class=\"s1\">Obtain Enterprise Registration Certificate: about 03 working days<\/span><\/li><\/ul><p class=\"p2\"><span class=\"s1\">However, the time it takes to find a Joint Venture parter, conduct appropriate checks and due diligences, and negotiate a deal may take anywhere from 3 to 6 months.\u00a0<\/span><\/p><h3 class=\"p1\"><span style=\"color: #000080;\"><strong><span class=\"s1\">5. Public Private Partnership<\/span><\/strong><\/span><\/h3><p class=\"p2\"><span class=\"s1\">A Public Private Partnership (PPPs) entails a partnership between a foreign or domestic enterprise and the government for the completion of key infrastructure projects. Vietnamese authorities are aggressively pursuing PPPs for a variety of infrastructure projects as a means of filling gaps left by a reduced role of state-owned enterprise, rising population, and increasing urbanization.<\/span><\/p><p class=\"p2\"><span class=\"s1\">The types of PPPs are:<\/span><\/p><ul class=\"ul1\"><li class=\"li4\"><span class=\"s1\">Build \u2013 Transfer &#8211; Operate (BTO);<\/span><\/li><li class=\"li4\"><span class=\"s1\">Build \u2013 Lease \u2013 Transfer (BT);<\/span><\/li><li class=\"li4\"><span class=\"s1\">Build &#8211; Operate &#8211; Transfer (BOT);<\/span><\/li><li class=\"li4\"><span class=\"s1\">Operate \u2013 Manage (O&amp;M);<\/span><\/li><li class=\"li4\"><span class=\"s1\">Build \u2013 Own &#8211; Operate (BOO);<\/span><\/li><li class=\"li4\"><span class=\"s1\">Build &#8211; Transfer &#8211; Lease (BTL); and<\/span><\/li><li class=\"li7\"><span class=\"s3\">Mixed type.\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f1bf4d elementor-hidden-tablet elementor-hidden-mobile e-flex e-con-boxed e-con e-parent\" data-id=\"9f1bf4d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8d72dd9 e-flex e-con-boxed e-con e-child\" data-id=\"8d72dd9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f4694b elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"0f4694b\" data-element_type=\"widget\" data-settings=\"{&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3580 post type-post status-publish format-standard has-post-thumbnail hentry category-tax-accounting\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/gtax.vn\/english\/personal-income-tax-tax-years-finalisations\/\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"453\" src=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/income-tax-in-vietnam-768x453.png\" class=\"attachment-medium_large size-medium_large wp-image-3582\" alt=\"Personal income tax is the portion of your income through business, wages, salaries, inheritance, interest or dividends that will be given to the government\" srcset=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/income-tax-in-vietnam-768x453.png 768w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/income-tax-in-vietnam-300x177.png 300w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/income-tax-in-vietnam-1024x603.png 1024w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/income-tax-in-vietnam.png 1081w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/gtax.vn\/english\/personal-income-tax-tax-years-finalisations\/\" >\n\t\t\t\tPersonal Income Tax: tax years &#038; finalisations\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tNovember 21, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>\u00a0 \u00a0Individuals in Vietnam are subject to Personal Income Tax (PIT) based on their tax residence status. Employment income is generally subject to various progressive tax rates, while other income<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/gtax.vn\/english\/personal-income-tax-tax-years-finalisations\/\" aria-label=\"Read more about Personal Income Tax: tax years &#038; finalisations\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3534 post type-post status-publish format-standard has-post-thumbnail hentry category-tax-accounting\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/gtax.vn\/english\/what-types-of-taxes-in-vietnam-will-be-applied-to-foreign-companies\/\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"768\" height=\"448\" src=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/types-of-tax-in-vietnam-768x448.webp\" class=\"attachment-medium_large size-medium_large wp-image-3537\" alt=\"What types of taxes in Vietnam will be applied to foreign companies?\" srcset=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/types-of-tax-in-vietnam-768x448.webp 768w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/types-of-tax-in-vietnam-300x175.webp 300w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/types-of-tax-in-vietnam-1024x597.webp 1024w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/types-of-tax-in-vietnam.webp 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/gtax.vn\/english\/what-types-of-taxes-in-vietnam-will-be-applied-to-foreign-companies\/\" >\n\t\t\t\tWhat types of taxes in Vietnam will be applied to foreign companies?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tNovember 17, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>\u00a0 Currently, foreign investors doing business in Vietnam will be subject to many taxes. It is important that you understand the different types of taxes in Vietnam that you may<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/gtax.vn\/english\/what-types-of-taxes-in-vietnam-will-be-applied-to-foreign-companies\/\" aria-label=\"Read more about What types of taxes in Vietnam will be applied to foreign companies?\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-3486 post type-post status-publish format-standard has-post-thumbnail hentry category-tax-accounting\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/gtax.vn\/english\/personal-tax-rates-on-other-income-in-vietnam\/\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"768\" height=\"434\" src=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income-768x434.jpg\" class=\"attachment-medium_large size-medium_large wp-image-3488\" alt=\"Vietnam personal income tax rates are calculated based on your type of residence. Personal income tax is the portion of your income through business, wages, salaries, inheritance, interest or dividends that will be given to the government.\" srcset=\"https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income-768x434.jpg 768w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income-300x170.jpg 300w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income-1024x579.jpg 1024w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income-1536x868.jpg 1536w, https:\/\/gtax.vn\/english\/wp-content\/uploads\/2023\/11\/Personal-tax-rates-on-other-income.jpg 1840w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/gtax.vn\/english\/personal-tax-rates-on-other-income-in-vietnam\/\" >\n\t\t\t\tPersonal tax rates on other income in Vietnam\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tNovember 14, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>\u00a0 Personal income tax is your income through business, salary, wages, inheritance, interest or dividends&#8230; Vietnam&#8217;s personal income tax rate is calculated based on the type of residence. \u00a0GTax has<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/gtax.vn\/english\/personal-tax-rates-on-other-income-in-vietnam\/\" aria-label=\"Read more about Personal tax rates on other income in Vietnam\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Currently, investors can choose from the following types of businesses to register to establish a business in Vietnam: Representative Office; Limited Liability Company; Joint-Stock Company; Branch Office; Joint Venture; Public Private Partnership. 1. Representative Office A Representative Office offers a low-cost entry option for many companies, and are among the most common for companies that &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/gtax.vn\/english\/personal-tax-rates-on-other-income-in-vietnam\/\"> <span class=\"screen-reader-text\">Personal tax rates on other income in Vietnam<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":35,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-setup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Types of Business in Vietnam - Gtax<\/title>\n<meta name=\"description\" content=\"Types of businesses to register to establish a business in Vietnam: Representative Office; 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Limited Liability Company; Joint-Stock Company; Branch Office; Joint Venture; Public Private Partnership. 1. 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