Global Accounting Company Limited (GACC) is a firm with extensive experience in consulting foreign investors to invest in Vietnam or supporting Vietnamese enterprises to receive capital from foreign investors through many forms such as mergers and acquisitions, transfer of capital, and other forms.

In the trend of integration, Vietnam has a strong growing economy and increasingly complete infrastructure, becoming an attractive investment destination for foreign investors who want to expand the scale of their business activities. In 2023, the total registered foreign direct investment (FDI) and FDI implemented in Vietnam recorded positive results, reaching 36.6 billion USD and 23.2 billion USD, respectively. Notably, the newly registered capital has increased sharply, reaching 20.2 billion USD with 3.188 newly licensed projects.

Through many years of experience working with foreign investors, we found that foreign investors investing in Vietnam and when conducting business activities in Vietnam often encounter some obstacles as follows:

• The regulatory environment in Vietnam: although there has been a significant improvement in investment procedures to simplify and accelerate investment licensing for foreign investors, it is still relatively complex;
• Enterprises spend a lot of time and human resources on understanding and implementing legal procedures, travel frequently, spend a lot of money and manage time ineffectively, affecting the plan and progress of business investment activities;
• Differences in culture, customs, language, policies and legal regulations related to investment activities;
• Difficulties in determining the location of investment projects, scale, making investment plans and forecasting the feasibility of investment projects and determining investment incentives if any;
• Failure to prepare well at the initial application stage leads to difficulties in determining the completion of the obligation to contribute capital to the project, or transfer profits to the country, or recover capital later from foreign investors;
• Too many procedures are carried out as well as many problems arise depending on the views of local competent authorities, leading to the prolongation of the project permit period, thereby affecting the implementation of project activities;
• Enterprises are wondering to find a professional and reliable consultant to accompany together during the initial stage and throughout the operation.

Understanding your worries, GACC is always ready to become a professional consultant accompanying your business in the period from establishment to put into operation in Vietnam.

We are proud to maintain a team of highly qualified consultants, extensive legal knowledge, rich working experience, and professional working style with diverse clients, operating in many different business fields.

To help clients not encounter legal problems in the process of establishing FDI enterprise in Vietnam, GACC has optimized the packages that we will directly perform when providing information about the business establishment process to clients (depending on the scope of services that clients selected), as follows:

– Consulting to help enterprises choose business lines, types of enterprises, chartered capital/ investment capital suitable to the industry, and valid company name.

– Business line code;

– Consulting on tax policies related to investment projects whether they are entitled to tax incentives or not. That means when investing in Vietnam, enterprises are entitled to tax exemption and reduction incentives or not, especially investing in areas enjoying incentives including areas with difficult or extremely difficult socio-economic conditions, areas in industrial zones/export processing zones.

– Consulting enterprises to choose the form of establishing a limited liability company with 1 member or 2 members or more, or a joint-stock enterprise. From there, determine the salary expenses/ personal income tax/ income from capital investment/ divided profits and whether they affect the type of business established or not.

Thus, the procedure for establishing a foreign direct investment enterprise when investors contribute capital at the beginning includes 9 main steps, as follows:

Step 1: Prepare documents to register Investment Registration Certificate

Step 2: Submit documents to register Investment Registration Certificate

Step 3: Get Investment Registration Certificate

Step 4: Prepare and submit documents to register Enterprise Registration Certificate

Step 5: Announce business registration information.

Step 6: Engrave company seal.

Step 7: Get a business license or operating license

Step 8: Open a foreign direct investment capital account in Vietnam.

Step 9: Carry out the procedures after establishing a company

– Procedures after establishing of a foreign-invested company are as follows:

+ Hang nameplates at headquarters;

+ Register token

+ Notice of issuance of electronic invoices

+ Report on project implementation status as regulations in the Investment Registration Certificate;

+ Initial tax dossier.

After establishing a foreign direct invested enterprise, we will provide your business with the following services:

Services related to Law on Investment:

• Support in drafting and submitting periodic monitoring and evaluation reports during the exploitation and operation phase for investment projects (including declaration for the first 6 months of the year and the entire year);
• Service of declaring investment project implementation with the Department of Planning and Investment (including quarterly and annual declaration).

Services related to taxation:

• Service of declaring VAT, provisional CIT and PIT;
• Service of finalization PIT and CIT;
• Service of review and consulting on explanations when tax finalization;
• Service of declaring related party transaction appendices according to regulations and guidelines related to tax administration for businesses with related party transactions.

Accounting services and other:

• Accounting monthly/ quarterly/ yearly
• Review and completing the financial statements yearly
• Consulting and implementing accounting software
• Consulting and completing accounting system, internal control system
• Consulting to support, prepare and convert financial statements from VAS into IFRS
• Declaring and registering Social Insurance for employees
• Payrolls
• Registering foreign loan with State Bank

We are proud of the dedicated, professional and effective service we bring to businesses.

Let us become your partner to help your business grow successfully.