Decree No.04/2018 On Incentives Regulations For Investment In Da Nang Hi-Tech Park

Significant points are as follows:

1.CIT incentives:

-10% tax rate within 15 years for new projects setting up in Da Nang Hi-Tech Park;

-10% tax rate within 30 years for new projects in which the amount of investment is VND 3,000 billion and more;

-Tax exemption for the first 4 years and 50% tax reduction for 9 consecutive years for new projects;

2. Import tax incentives:

-Import tax exemption for goods, machines, equipment used for creating the assets in Da Nang Hi-Tech Park;

-Import tax exemption for goods which can not found in Viet Nam and are materials for operating of new projects.

3. Land rent incentives:

- Exemption of all land rents during the lease term for certain investment projects;

- Non- agricultural land use tax is exempted for during the investment period;

4. Visa:

Investors, specialists and employees that are foreigners, Vietnamese living oversea have worked in Danang Hi-Tech Park and their families will be issued the multiple visa suitable with the purposes of entering and exiting in Vietnam. 

 

“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.

For more information: Our Vietnamese social page or  English social page

Call Us: