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In this episode, I’m discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about the most consequential mistakes foreign investors make after establishing their business in Vietnam, and advise on how to avoid these problems from the beginning, or how to mitigate their risks if they couldn’t have been avoided.

 

 

Advance in Vietnam: Episode 6 - 7 Critical mistakes investors make after starting a business in Vietnam  

Some of the areas covered in the discussion are:

 

  • Delay in Charter Capital Injection and minimum investment capital provision
  • Not registering with the authorities for the initial tax registrations
  • Using a Vietnamese nominee investor to start the business – risks attached
  • 30-day residency requirement for the Legal Representative of the newly formed company
  • Making undocumented loans or not registering foreign loans with the State Bank
  • Not Appointing a Chief Accountant, and not understanding their role in a Vietnamese organization
  • “Let’s do it the local way, and we fix it later” type of mindset – risks and precautions to be aware of.

 

Listen to the Podcast on:

Apple Podcasts: https://podcasts.apple.com/vn/podcast/advance-in-vietnam/id1500870968

Spotify: https://open.spotify.com/show/5t88AnMDuItUZJKpcdokK0

YouTube: https://www.youtube.com/channel/UCNOBZHe04vlNdDEDcw--dSQ?view_as=subscriber

 

 

About the authors:

 

Matthew Lourey – Managing Director of Domicile Corporate Services

 

Matthew is a qualified accountant who has resided in Vietnam for more than 15 years. Matthew leads Domicile Corporate Services, which provides market entry, corporate advisory, compliance and tax advisory to foreign investors in Vietnam. He has extensive experience working in Australia for Big 4 accounting firms and investment funds, and since Matthew relocated to Vietnam, he has spent much of his time advising foreign investors on successfully undertaking business in Vietnam, corporate investment transactions, market entry and corporate finance.

 

Vlad Savin – Head of Business Development at Domicile Corporate Services

 

Vlad is a business development and marketing professional, who has resided in South East Asia for the last 7 years. He has wide experience in personal finance and corporate servicing, working with investment firms in Malaysia and Vietnam, while having a strong background in marketing, client service and events with international exposure. Vlad has been developing Domicile’s business strategy and

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Contact Info

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

Email

info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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