Ha Long is the capital city and first-class provincial city of Quang Ninh province, Vietnam. Being a coastal city, Ha Long bears unique potentials of tourism and seaport due to its land lies along the shore of Ha Long Bay by 50 km.
Ha Long is 160 km to the north-east from Ha Noi, 60 km to the east from Hai Phong, 180 km to the south-west from Mong Cai international border gate, and bounded by the Gulf of Tonkin to the south. Ha Long has strategic location of economic development, security of the region and the country.
Why open a LLC in Ha Long, Quang Ninh, Vietnam?
The LLC is one of the most common ways to open a business in Vietnam, Quang Ninh 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 Quang Ninh?
Companies situated in Quang Ninh, 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 Quang Ninh.
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 Quang Ninh.
What documents are required for Business Registration in Quang Ninh?
When registering a business in Quang Ninh, 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 Quang Ninh?
1. DEPARTMENT OF PLANNING AND INVESTMENT OF QUANG NINH
Address: The Public Administration Building, Nguyen Van Cu Street, Hong Ha Ward, Ha Long City, Quang Ninh
Website: https://quangninh.gov.vn/so/sokhdt/
2. QUANG NINH ECONOMIC ZONES AUTHORITY
Address: The Public Administration Building, Nguyen Van Cu Street, Hong Ha Ward, Ha Long City, Quang Ninh
Website: https://qeza.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 Quang Ninh, Vietnam.
See more:
> Company Registration Service Fee