COMPLIANCE CHECKLIST

Notable procedures or/and works to be done after the Enterprise Registration Certificate being granted or/and during the operation of the
Company. Please be noted that, this checklist does not purport to be exhaustive. It just focuses on core matters need to be implemented upon
obtaining an Enterprise Registration Certificate.

Competent
No. Description Requirement Remarks
authority/agency

BUSINESS AND INVESTMENT

1. To register Company must make registration of its seal for the Department of
company’s seal operation Planning & Investment
sample of HCMC

2. To apply for trading Any foreign owned company who would like to do trading HCMC Department of In progress
activities, including import, export, wholesale and retails, is Industry and Trade
required to submit application documents for Trading
License to the specialized state agency

3. To open a Bank A Foreign Direct Bank Account must be opened for the An authorized To be conducted by
Account purpose of the collection and payment transactions. commercial bank in Company.
Vietnam
A Foreign Direct Bank Account in foreign currency or
Vietnam dong shall be implemented for respective kind of
transaction as prescribed in detail by laws.

4. Payment the Must pay to Foreign Direct Bank Account of company An authorized To be conducted by
contribution capital within 90 days from issuance date of Enterprise commercial bank in investors of Company
from Investors to Registration Certificate (Deadlines on 13 August 2018) Vietnam
Foreign Direct Bank
Account of company

5. To hang name This should be done ASAP. The name of Company must be To be conducted by
signboard of written at front of its head office in the sign or plate. Company with support
Company of the landlord.

6. To report on Report monthly, quarterly and yearly to the Department of Department of To be conducted by
implementation of Planning and Investment of HCMC in accordance with the Planning & Investment Company during its
project operation to Decree No. 84/2015/ND-CP dated 30 September 2015 of of HCMC operation period
authority the Government on investment monitoring and evaluation,
the Circular No. 04/2011/TT-BKHDT dated 31 March 2011
 Competent
No. Description Requirement Remarks
authority/agency

of the Ministry of Planning and Investment on system of

form for basic report and statistics applicable to state
enterprises, enterprises and projects with direct foreign
owned capital.

7. To declare Make 1st declaration on employees working within 30 days Department of Labor, To be conducted by
employees working from the date of commencement of operation and Invalids & Social Company during its
at the Company notification on changes (if any) at the end of each month. Affairs of HCMC operation period

8. To make report to Annually, before 25th May & before 25th November, Department of Labor, To be conducted by
authority on Company is required to make report on status of Invalids & Social Company during its
employment usage employment usage to authority on basis of every six- Affairs of HCMC operation period
month period and year-each period.

9. To register Make the registration with authority within 30 days as from Social Insurance To be conducted by
compulsory social & the date that labor contract executed between the Agency of HCMC Company during its
health insurance for Company and the Employee. operation period
its employees as per
laws

10. To obtain work Before at least 30 days from the intentional day working at Department of Labor, To be conducted by
permits for Company, the Company must report and explain for its Invalids & Social Company
Company’s foreign foreign laborer demand. All the necessary procedures for Affairs of HCMC
employees obtaining work permits for its expats/employees must be
carried and completed before their actual working at the
Company.

TAXATION

11. To make firstly tax The Company must contact with tax authority to make HCMC Tax To be conducted by
declaration, and to firstly tax declaration including appointment of Director, Department Company
register for digital appointment of Chief Account (or person who are in charge
signature of accounting) and register for accounting regime.
The Company shall also contact with Tax Authority to
register for making declaration, tax payment and
transactions by electronic means

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 Competent
No. Description Requirement Remarks
authority/agency

12. To make tax In accordance with laws on taxation HCMC Tax Department To be conducted by
declaration, Company during its
Payments, and other operation period
taxation obligations

12. Registering digital In accordance with laws on taxation, accounting and Authorized service To be conducted by
signature products registration supplier in Vietnam Company

OPERATION

13. To have a suitable In accordance with Decree 24a/2016/ND-CP on Building Specialized agencies To be conducted by
warehouse/business Material Management Company
location

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