Accounting service provides a wide range of services from tax preparation and counseling to recordkeeping in a systematic orderly and logical manner. In addition, adequate accounting helps businesses to build their business strategies based on the company’s financial situation.

As a result, this service helps your business to keep track of financial transactions, reduce costs, and improve profitability.

Accounting services:

  • Advise on tax matters, including tax planning, preparation, consulting to maximize your business tax deductions in accordance with law;
  • Answer the Client’s concerns, questions, and tax matters during business operations and provide practical solutions;
  • Keep track of the new tax regulations related to the Client’s activities and update the Client on the latest law;
  • Consult on tax planning to minimize your tax liability and avoid the risks of interest and penalties;
  • Notify the Client’s company in a timely manner on arising issues such as inventory, expenses, accounts payable, and tax payments;
  • Examine, comment and revise contents of accounting invoices and documents to verify the accuracy and validity;
  • Issue VAT invoices (sales);
  • Prepare and submit VAT, PIT, CIT, and monthly/quarterly/annual financial reports to the tax authorities in a timely and accurate manner;
  • PLF will provide the Client with forms issued by state agencies at their request;
  • Ensuring that accounting records comply with the laws and regulations;
  • Represent our Client to liaise and follow up with state agencies when necessary.

How to proceed?

  • Organize direct meetings with our team to clarify your requirements, targets, and concerns regarding accounting issues;
  • Advise and propose an accounting and also risk mitigation plan aligned with the company’s business plan;
  • Provide a CRM account so our Clients can monitor the legal services and procedures;
  • Provide forms and guidance documents to prepare you to perform the work order upon completion of services.

Most Frequent Questions & Answers

Finding expert guidance in our FAQs section, which address common concerns and provide insights into corporate legal, accounting, and secretarial matters.

Registering a 100% foreign-owned company in Vietnam is possible. However, foreign investment is subject to regulatory limitations applied on each specific business sector.

In most cases, investors shall implement the following steps to establish a company:

Step 1: Obtaining an Investment Registration Certificate, abbreviated IRC (if any non-Vietnamese investors).

Step 2: Obtaining an Enterprise Registration Certificate, abbreviated ERC or BRC for Business Registration Certificate.

The company is established but the following steps are required for regulatory compliance:

Step 3: Post establishment procedures.

Step 4: Obtaining sub-licenses (if any).

IRC stands for Investment Registration Certificate which shall be obtained (in most cases) when a foreign investor wants to set up a project (such as establishing a company) in Vietnam at the beginning.

ERC stands for the Enterprise Registration Certificate which every company in Vietnam must have. In other jurisdiction it is sometimes referred to as the “Incorporation Certificate” or “Company Certificate”.

Joint Stock Company (“JSC“) and Limited Liability Company (“LLC“) are the most common types of company in Vietnam since they offer the following advantages:

  • Limitation in liabilities of their shareholders/ members/ proportionate to their capital contribution;
  • Flexible management structure;
  • Conversion from JSC to LLC and conversely is possible.

In general, there is no minimum capital required by law when registering a company in Vietnam. Only some conditional business sectors such as real estate trading, banking or education have specific capital requirements.

However, the capital shall be sufficient in light of the intended business sectors and scale of operation.

For non-conditional business sectors, we usually need from 6 to 8 weeks to setup a foreign-invested company and 1 week for a Vietnamese-invested one.

However, especially for foreign-owned companies, the time can be extended due to various reasons such as additional requirements from the licensing authorities.

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We welcome inquiries, consultation requests, and any legal concerns you may have. Please do not hesitate to contact us for reliable guidance and exceptional service.

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