Hanoi, the capital of Vietnam, is situated in the northern part of the country on the western bank of the Red River. It is one of the most ancient capitals in the world, where visitors can find well preserved colonial buildings, age-old pagodas, and antique museums. Since the 1990s, Hanoi has witnessed a double-digit economic growth every year for more than a decade, with the boom of industrial production.
The primary industries in Hanoi are tourism, real estate, finance, banking and agriculture. Now cultivation in the city has transformed itself through advanced farming techniques and the adoption of high-yielding crop varieties. The city is renowned worldwide for tourism, and is often referred to as the ‘Paris of the East’. Hanoi is served by an international airport, Vietnam Railways, and a well-distributed road network.
Benefits of Setting Up a Business in Hanoi
Hanoi is one of the largest consumer goods markets in Vietnam. Abundant work force and a high demand for consumer products/services make Hanoi a favourable destination for investors.
To promote economic growth, administrative reforms have been introduced in Hanoi, leading to a business environment favourable for company setup.
Hanoi has a large workforce, and the cost of labour here is cheap.
Hanoi is a peaceful city rated high on Human Development Index (HDI), registering exceptional GDP growth rates since 1990.
Business Setup Worldwide provides the following services for company formation in Hanoi:
Company registration and incorporation
Corporate secretarial services
Business Setup Worldwide is a platform to help you grow your company in Hanoi. From incorporation, registration and licensing to legal advice, we facilitate the formation of your company through business-oriented service functions. Hanoi is one of the fastest growing cities in Vietnam, with a record of exceptional growth. Setting up your company here is a great option for anyone looking to expand their business in southeast Asia. Our team of experienced consultants and advisors in Hanoi see to it that your company can utilize the geographic and corporate advantages that the city provides. We can help you out with the legal and business formalities of company registration in Hanoi, complete with the most appropriate corporate and income tax setup, to fast-track the growth of your company.
Business Setup Worldwide offers a broad range of accounting services in Vietnam that ensure the acco...
Intellectual Property Services in Vietnam
For trademark, copyright and patent registration in Vietnam, you can count on Business Setup Worldwi...
Frequently Asked Questions
For what kind of business in Vietnam is a Joint Stock Company (JSC) suited?
A JSC in Vietnam is a good option if an entrepreneur or company is planning to conduct business with multiple partners or is looking to finance the company via the issuance of equity.
Can a foreigner own 100% of a company in Vietnam?
Yes, foreigners are allowed to own 100% of the shares of their business in most industries. However, for certain specified industries, company setup is allowed only in a joint venture with a Vietnamese individual or corporate entity.
What is the corporate tax rate in Vietnam?
The standard corporate income tax (CIT) rate in Vietnam is 20%. However, businesses in the oil and gas industry are subject to CIT rates from 32% to 50%, depending on the location and project conditions.