Hai Duong is located in the center of North Vietnam, about mid-distance from Hanoi to Hai Phong. Hai Duong province borders six provinces: Bac Ninh, Bac Giang and Quang Ninh in the north; Hung Yen in the west; Hai Phong in the east; and Thai Binh to the south.
Hai Duong city, 60 km east of Hanoi, has been well-known for its rich culture, long history, and learning tradition. Hai Duong is famous for not only its historical and relic sites but also its numerous traditional festivals and local specialties such as glutinous rice, lychees, green bean cakes, and gai cakes or thorn leaf black cakes.
(A corner of Hai Duong city)
Why open a LLC in Hai Duong, Vietnam?
The LLC is one of the most common ways to open a business in Vietnam, Hai Duong 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 Hai Duong?
Companies situated in Hai Duong, 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 Hai Duong.
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 Hai Duong.
What documents are required for Business Registration in Hai Duong?
When registering a business in Hai Duong, 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 Hai Duong?
1. DEPARTMENT OF PLANNING AND INVESTMENT OF HAI DUONG
Address: No. 58 Quang Trung Street, Quang Trung Ward, Hai Duong City, Hai Duong Province
Website: https://sokhdt.haiduong.gov.vn/
2. HAI DUONG INDUSTRIAL ZONES AUTHORITY
Address: No. 2 Thanh Nien Street, Quang Trung Ward, Hai Duong City, Hai Duong Province
Website: https://banqlkcn.haiduong.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 Hai Duong, Vietnam.
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> Company Registration Service Fee