Corporate Income Tax (CIT) Incentives in Vietnam

Corporate Income Tax (CIT) incentives are among the most appealing aspects of Vietnam's investment environment, significantly attracting foreign investors. These incentives aim to stimulate investment in sectors and regions that align with the country's development goals. CIT incentives are available to foreign and domestic investors, encouraging the growth of industries contributing to the nation's economic development.

Overview of Corporate Income Tax Incentives

Vietnam offers various CIT incentives that are designed to promote investments in priority sectors, geographic areas, and special economic zones. The types of projects that qualify for incentives, as well as the nature of the incentives granted, are outlined in the Law on Investment, along with additional guidelines provided in related decrees and circulars.

The main types of CIT incentives in Vietnam include:

1. Preferential Tax Rates: These involve reduced CIT rates applied for a specific period or sometimes for the entire duration of the project.

2. Tax Holidays: These consist of tax exemptions for a certain number of years, followed by a period of reduced tax rates.

See more: HOW TO REGISTER A TRADEMARK IN VIETNAM

Foreign Investment Consulting Services by NVCS Law Firm

NVCS Law Firm specializes in consulting and providing services for company establishment, business formation, and foreign investment advisory in Vietnam. Our expertise includes:

- Consulting on Legal Regulations and Procedures Related to Foreign Investment in Vietnam: Providing comprehensive guidance on the legal framework for foreign investors, including the latest regulations and compliance requirements.

- Advising on Conditional Business Sectors and Specific Requirements: Offering advice on investment industries that have specific conditions and the particular requirements for each industry, based on the investor's nationality.

- Guidance on Legal Procedures for Business Formation: Assisting clients with company incorporation, obtaining the Enterprise Registration Certificate, Investment Registration Certificate, business licenses, and other necessary permits.

- Drafting and Submitting Foreign Investment Applications: Preparing the required documents, working with relevant government authorities, and collecting results on behalf of clients.

- Post-Establishment Consulting: Providing ongoing advice and support on issues that may arise after the company is established.

Foreign investment in Vietnam can take various forms, each requiring different documentation and procedures. To receive detailed and clear advice on foreign investment in Vietnam, please contact NVCS Law Firm. We are committed to providing full-package company formation services that guarantee customer satisfaction. For more information or to seek foreign investment consulting, reach out to NVCS Law Firm today.

Lawyer: Mr. Tony

Phone: +84 919 195 939

Email: tuulawyer@nvcs.vn

Website: nvcs.vn