[New]Cost of doing business in Vietnam 2024

Company establishment costs are the fees that business founders must pay to the State and costs related to the Business Registration License to complete business establishment procedures in accordance with the law. In addition, there are other fees that businesses may have to pay when establishing a business. So how much is the cost of doing business in vietnam 2024? To better understand the fees for establishing a business with Smart Solutions For Business Company Limited(S4B Vietnam), read the article below!

1. How much is the business registration fee in 2024?

When registering a business under Vietnamese law, organizations and individuals must pay a business registration fee. Business registration fee rates in 2024 will be applied according to regulations in Circular 47/2019/TT-BTC.

Accordingly, the rate of cost of doing business in vietnam registration fees in 2024 (including: New issuance, re-issuance, change of content of Business Registration Certificate and Certificate of branch and representative office operation registration, business location of the enterprise) is 50,000 VND/time.

Vietnam has competitive operating costs compared to other Asian countries

2. How much is the fee for providing business information in 2024?

Organizations and individuals who use business information provision services must pay a fee for providing business information.

Accordingly, the fee for providing business information in 2024 will be applied according to the provisions of Circular 47/2019/TT-BTC, specifically as follows:

  • Fee for providing information on Business Registration Certificate; Certificate of branch, representative office, business location operation is 20,000 VND/copy.
  • Fees for providing information in business registration documents; Providing financial reports for all types of businesses is 40,000 VND/copy.
  • The fee for providing a general report about the business is 150,000 VND/report.
  • Fee for publishing business registration content is 100,000 VND/copy.
  • Fee for providing business information by account from 125 copies/month or more is 4,500,000 VND/month.

3. Subjects are exempt from business registration fees

Pursuant to Article 5 of Circular 47/2019/TT-BTC, subjects are exempted from providing business information and exempting cost of doing business in vietnam registration fees, including:

  • Enterprises that add or change information due to changes in administrative boundaries are exempt from business registration fees and fees for publishing business registration contents.
  • Register for enterprise dissolution or temporary business suspension; Termination of branch operations, representative offices, business locations are exempt from business registration fees.
  • Enterprises that register their business online are exempt from business registration fees.
  • State agencies requesting to provide information to serve state management are free to provide business information.
  • Small and medium-sized enterprises converting from business households are exempt from business registration fees and fees for providing business information for the first time.


Việt Nam business costs among the lowest in region

>>>Read more: Opportunities of investment environment in Vietnam

4. Corporate income tax rate

According to the provisions of Clause 1, Article 11 of the Law on Corporate Income Tax 2008, the amount of corporate income tax payable in the tax period is calculated by multiplying taxable income by tax rate; In case an enterprise has paid income tax outside Vietnam, the amount of income tax paid will be deducted but must not exceed the amount of corporate income tax payable according to the provisions of the Law on Enterprise Income Tax 2008.
Thus, the corporate income tax rate is one of the bases used to calculate corporate income tax. Currently, the applied corporate income tax rate includes 02 levels:

4.1. Tax rate 20%

Pursuant to Clause 6, Article 1 of the 2013 amended Law on Corporate Income Tax, the tax rate applicable to all businesses is 20%, except for cases where the tax rate is from 32% to 50% in Section 1.2 below. below or in cases where the enterprise is eligible for preferential tax rates.

4.2. Tax rate from 32% to 50%

According to the provisions of Clause 3, Article 10 of Decree 218/2013/ND-CP, tax rates from 32% to 50% apply to activities of searching, exploring, and exploiting oil, gas and other rare resources. in Vietnam suitable for each project and each business establishment, specifically:

For businesses engaged in oil and gas search, exploration and exploitation, based on location, exploitation conditions and mine reserves, the Prime Minister decides on specific tax rates appropriate to each project. each business establishment at the request of the Minister of Finance.

4.3 Tax rate of 40%:

Applicable to cases of rare resource mines with 70% or more of the allocated area in areas with extremely difficult socio-economic conditions on the List of areas with income tax incentives Enterprises issued together with Decree No. 218/2013/ND-CP.

So the question is how much is the cost of doing business in vietnam? As well as issues related to establishing a business have been summarized by Smart Solutions For Business Company Limited(S4B Vietnam) in the above article. Contact us immediately for completely free advice on questions about business establishment as well as learn about our business establishment services.

S4B Vietnam

  • Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
  • Tel: + 84 24 3974 4181
  • Email: service@s4b.com.vn

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