Remitting Profits in Vietnam: A Step by Step Guide

Published 18 October 2019 by Dezan Shira & Associates

Once a company makes a profit and is able to meet the basic requirements for remittance as mentioned in our introductory article, challenges will remain with respect to ensuring that the remittance process goes smoothly.

Whether it be a decision over the method of repatriation or when to take profits, the ways in which investors choose to approach the remittance process can have a significant impact on the quantity and timeframe under which profits will be accessible.

Remitting profits necessitates the following steps:

Step 1 – Set up a foreign currency bank account

Step 2 – Settle all tax obligations

Step 3 – Audit and compliance

Step 4 – Withholdings taxation

Step 5 – Foreign exchange

Step 6 – Notification of relevant offices

To find out more about each step, follow the link below.

This is an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.

This is an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.