Q&A about software company in Vietnam

Q: For a software production company, what will the taxes be? I will be the sole owner and director (foreigner as per Vietnam laws).  A: The main taxes which a software production company shall pay include: Corporate income tax (20% of profit), Value added tax (10%) and Licensing Tax (50-150USD/per year) Q: Please clarify what […]

What is the difference between permanent and residence?

Question: What is the difference between permanent and residence? Answer: The difference between permanent residence card and temporary residence card is: - Temporary residence card is a document issued to a foreigner who is permitted to reside in Vietnam for a certain period of time. - Permanent residence card is a document to a foreigner who is permitted to reside indefinitely in […]

CONSTRUCTION CONTRACT UNDER VIETNAMESE LAW

Question: We shall have a EPC contract regards to build a Water Treatment Factory. I have some questions as follows: 1.What's different between Partnership contract and Sub-contraction. Would you please advice us the rights and obligation which type of contracts should we sign with our partner? We're looking forward to hearing from you  Answer: As […]