Enterprise compliance services

CDLAF is a law firm in Vietnam, we understand the obligations that foreign investors must comply with after establishing enterprises to do business in Vietnam. At the initial stage, when doing business in Vietnam, you only need to focus on the business plan, CDLAF will perform the issues related to compliance with Vietnam Laws of Labor – Tax, Accounting, Insurance, etc. on behalf of you and periodically or on your sudden request reported.

We hope that you have peace of mind and trust when doing business in Vietnam because we will help to control risks.

Scope of Enterprise Compliance services

Type of work	Detailed description
Report	For foreign-invested enterprises, you need to submit the annual report on the operation of the investment project and, a report on the supervision of the investment project. In case you have foreign loan activities, you need to make a report on foreign loans and some other reports related to business operations, such as: a report on labor, a report on tax, a statistical report, a report on overseas investment (if any), etc.
Labor compliance	We help you maintain the labor compliance of enterprises such as helping you establish Labor Contracts in accordance with regulations and optimize the benefits of enterprises, recruiting Vietnamese workers, monitoring management of foreign employees, reporting on labor increases and decreases, warning the mandatory procedures you must conduct with labor management agencies in Vietnam.
Tax compliance	We take actions to help you comply with tax and accounting regulations in Vietnam such as: monthly or quarterly VAT reports, quarterly corporate income tax reports, corporate income tax finalization, personal income tax declaration, and finalization, perform operations to avoid double taxation for you and foreigners (if any), set up accounting books, issuing e-invoices for customers of enterprises. In Vietnam, punctually and fully fulfilling tax obligations is compulsory.
Corporate secretary	As your administrative department, we help you retain important documents, keep the seal and only extract at your request, prepare documents related to investor’s decisions such as: Power of attorney, meeting minutes, working minutes, and appointment decisions, represent you to work with regulatory agencies in Vietnam, etc and other work to help you focus on finding customers, generate revenue and profits.
Salary	We help you set up payroll, explain to employees about salary, and perform banking operations to save you time in paying the salary.

LIST OF DOCUMENTS

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COMMITMENT TO SERVICES

On time

All that we do will be planned specifically in terms of time and content. You can control what we do, and the time to completion, and in all cases, we help you maintain the enterprise’s compliance with the deadlines with competent authorities and employees.

Exactly

We commit to the accuracy of the contents of consultation, established documents, and services we provide to customers. We aim to provide you with a safe and effective legal solution for your business operations.

Security

We establish a confidentiality commitment with you, so information about the enterprise, human resources, finance, etc., and other contents related to enterprises and investors will only be disclosed with your consent or in accordance with the laws of Vietnam.

SERVICE PERFORMANCE PROCESS

Assign

CDLAF assigns designated personnel responsible for ensuring information security, ensuring that only assigned individuals have the right to access information and handle client communication.

Collect information and prepare the service contents

Assigned personnel are responsible for collecting clients information, reviewing regulations and preparing service content.

Control the quality

The Board of Lawyers and Counsels reviews the service content prepared by the assigned personnel before it is sent to clients for their review.

Clients’ approval

Clients review and approve the service content prepared by CDLAF. When requested, meetings are held to explain the prepared content.

Completion

Personnel responsible for service completion directly implement it at the competent authority (if required). They also monitor the progress, report the results, and hand them over to clients.

After-service support

Guide clients to perform necessary tasks related to the delivered results and provide updates on changes in legal regulations.

People

Contact Us

Are you confused? If you want to discuss your problem more specifically, let us help you, please fill in the information in the table below and send it to us. A free 45-minute consultation email or meeting will be arranged to help you better understand your problem solving problem.

FAQ QUESTIONS: Enterprise compliance services

What types of investment reports do enterprises have to submit?

Report on investment activities in Vietnam

During the year, enterprises must make Quarterly Reports and Annual Reports. Quarterly reports must be submitted before the 10^th day of the first month of the next quarter (the report must be made after the quarter). Annual reports shall be made before March 31 of the following year after the reporting year.

Report on investment monitoring and evaluation

This type of report is for the purpose of monitoring and evaluating the effectiveness of investment projects, so corresponding to each investment project, the enterprise must prepare a 6-month investment monitoring and evaluation report and Annual report. The 6-month report must be completed and submitted before February 10 of the following year after the reporting year.

Can enterprises negotiate salaries in foreign currency?

Enterprises are allowed to negotiate the salary recorded in the Contract and the salaries paid to employees in foreign currency if the employee is a foreigner working at the enterprise.

Do foreign workers have to participate in Compulsory Social Insurance?

Employees who are foreign citizens working in Vietnam are subject to compulsory social insurance when they have a work permit or practising certificate or practising license issued by Vietnamese competent agency and enter into an indefinite-term labor contract or a definite-term labor contract with the period of 1 year or more with an employer in Vietnam.

Foreign workers will not be subject to compulsory social insurance in one of the following cases: (i) Moving in the internal enterprise prescribed by regulations or (ii) The worker has reached retirement age in accordance with the provisions of the Labor Code.

Which foreigner is required to have a Work Permit?

Based on the subjects listed below, the enterprise determines whether the foreigner expecting to work at the enterprise must have a Work Permit. Specifically, foreigners work in Vietnam in the following forms:

Performing the labor contracts;
Moving in the internal enterprise;
Performing contracts or agreements on business, commerce, finance, banking, insurance, science and technology, culture, sports, education, professional education, and health;
Services provider under contracts;
Offering services;
Working for foreign non-governmental organizations or international organizations in Vietnam that have been granted with operating licenses in accordance with the law of Vietnam;
Working as manager, chief executive officers, experts, technicians;
Participating in the performance of bid packages and projects in Vietnam.

How many types of Labor Contracts are in Vietnam?

Currently, there are 02 types of labor contract in Vietnam, including:

An indefinite-term labor contract is a contract in which the two parties do not determine the term or termination date of the contract;
A fixed-term labor contract is a contract in which the two parties determine the term and termination date of the contract within a period of no more than 36 months from the effective date of the contract.