How to Get Money Out of Viet Nam

May 12, 2018 | Q&A

Dear DB Legal Law Firm in Da Nang, Viet Nam. I currently invest in Da Nang and I would like to know about how can I get money out of Viet Nam. Please kindly advice. Thanks.

Thank you for your questions.

Taking money out of Viet Nam is not difficult. There are some ways to transfer your money out of Viet Nam:

1) Investing the company and receive the dividend payment:

Dividends are paid to investors after the deduction of the corporate income tax, other expenses. Investors will receive dividend payments according to the percentage of their capital contribution. Besides, the investors also pay the personal income tax which rates depend on how much the owners receive.

2) Payment for the service agreements

All international payments must be made at the bank. And you are allowed to transfer your money to conduct the service contracts and then, make sure to bring all the relevant documents with you. Bank will refuse to make the payment in case there are not documents proofing the obligation of payment.

3) Payment for the loan from the parent company

The Vietnamese company can transfer the profit to pay the loan of the parent company. In this case, the investors have to show the documents such as: the loan documents, the contracts or documents relating the loan, the agreement between the parent company and Vietnamese company relating the payment the loan.

4) Salary payments

The investors can become the director or CEO of the company established in Viet Nam. This allows them to receive a salary. After paying the Personal Income Tax (PIT) and other obligations, the investor can transfer their money out of Viet Nam.

“DB Legal is a full legal service law firm in Da Nang, Viet Nam. Our Lawyers bring enormous legal experience for both local and foreign parties in Central Viet Nam, mainly areas in Da Nang, Hoi An, Nha Trang, Hue, Quy Nhon ,etc.

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Add 1: 3rd Floor, Indochina Riverside Tower, 81 Tran Phu Street, Hai Chau District, Danang City, Vietnam

Add 2: 28 Thanh Luong 20, Hoa Xuan Ward, Cam Le District, Danang city, Vietnam

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