Ha Nam is located at the center of the northern part of Vietnam, southern gateway of Hanoi. The province is adjacent to Hanoi City to the north; Hung Yen and Thai Binh Province to the east; Nam Dinh and Ninh Binh Province to the south and Hoa Binh Province to the west.
Ha Nam has a long wet rice civilization and diverse folk culture, expressing through cheo singing, chau van singing, hau dong, especially dam singing. Lying in the southwest of the north delta, being an agricultural province, Ha Nam people still preserve many ancient religious forms worshiping in their spiritual life.
Why open a LLC in Ha Nam, Vietnam?
The LLC is one of the most common ways to open a business in Vietnam, Ha Nam included. The reason why the LLC is selected for incorporation is given by the liability stipulations applicable to the company’s founders. Thus, entities which have the quality of shareholders will have limited liability for any company debts, which is limited to their participation at the company’s capital.
Another advantage of this structure refers to the low incorporation costs; besides the general fees associated with the incorporation procedure, investors also need to deposit the company’s capital which, in this case, is of only VND 3,000,000,000 (to be eligible for the Investment Visa).
What are the main taxes in Ha Nam?
Companies situated in Ha Nam, Vietnam are required to register for taxation purposes. All commercial companies are taxed on their profits and capital. However, companies can benefit from a tax relief of up to ten years, in specific conditions. Companies can apply for a tax refund with the Tax Office in Ha Nam.
In the case of holding companies, additional tax reliefs can be obtained and we invite investors to contact our team of specialists in company formation in Vietnam for an extensive presentation on the main taxes businesses are liable to when investing in Ha Nam.
What documents are required for Business Registration in Ha Nam?
When registering a business in Ha Nam, you need to prepare an assortment of documents and submit them to the registry. These documents are:
1. A copy of the identify card or passport, for individual investors; a copy of the establishment decision or an equivalent document certifying the legal status, for institutional investors;
2. A copy of one of the following documents: the investor’s financial statement of the last 2 years; financial support commitment of the parent company and of a financial institution; guarantee for the investor’s financial capacity; and document explaining the investor’s financial capacity;
3. A copy of the site lease agreement or another document certifying that the investor has the rights to use the site used for project implementation;
4. A duly filled company registration form that includes the following details:
- The name of your company.
- The company’s registered address.
- A description of the company’s activities.
- Details of the company’s directors, shareholders, and the at-law representative(s).
- The share capital.
If the documents are provided in a different language other than Vietnamese, you need to provide a translated document in Vietnamese.
Where is the Registrar in Ha Nam?
1. DEPARTMENT OF PLANNING AND INVESTMENT OF HA NAM
Address: No. 15, Tran Phu Street, Quang Trung Ward, Phu Ly City, Ha Nam Province
Website: https://skhdt.hanam.gov.vn/
2. HA NAM INDUSTRIAL ZONES AUTHORITY
Address: No. 209, Le Hoan Street, Quang Trung Ward, Phu Ly City, Ha Nam Province
Website: https://bqlckcn.hanam.gov.vn/
3. Feel free to leave any question to Pinklaw Vietnam via WhatsApp, Telegram, Facebook Messenger or email. Our team will be in touch within 24 hours to say hi and provide general information as well as practical advice on preparing for the investment process in Ha Nam, Vietnam.
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