Establishing a company in Ho Chi Minh Hi-Tech Park offers numerous incentives and advantages. Previously, Ho Chi Minh City Hi-Tech Park was often called District 9 Hi-Tech Park, but now it is under the administrative management of Thu Duc City. Ho Chi Minh City (SHTP – Saigon Hi-Tech Park for short) is a national Hi-Tech Park established by the Government. After more than 20 years of establishment and development, SHTP has become a reliable destination for Hi-Tech investment in Ho Chi Minh City as well as Vietnam for domestic and foreign investors. As an economic-technical zone built and developed on a Hi-Tech basis, SHTP has special characteristics to focus on attracting foreign investment, while mobilizing domestic resources in science and high technology, forming a modern production force, effectively combining production and business with research, acquisition, transfer, high technology development and training human resources serve Hi-Tech industry, contributing to improving production and business efficiency, creating motivation to promote the country’s industrialization and modernization.
Priority industry to establish a company in Ho Chi Minh Hi-Tech Park
- Microelectronics – information technology – telecommunications;
- Precision mechanics – automation;
- Biotechnology applied in pharmaceuticals and environment;
- New energy – new materials – Nanotechnology.
Top-country with plan to establish a company in Ho Chi Minh Hi-Tech Park
- United States: Intel Corporation – 1.04 billion USD
- Japan: Nidec Group (Japan – 296 million USD), Nipro Group (Japan – 300 million USD), NTT (Japan)
- Korea: Samsung Group (Korea – 2 billion USD)
What are the incentives for establishing a company in Ho Chi Minh Hi-Tech Park?
Corporate income tax incentives
- 15 years for common Hi-Tech projects: Corporate income tax incentives.
- Up to 30 years for large Hi-Tech projects that make meaningful contributions to the economic, social, scientific, and technological development of Ho Chi Minh City and Vietnam: Corporate income tax incentives or.
Preferential import tax and VAT
- Import tax exemption and zero VAT on imported goods to create project fixed assets and for scientific research and technological development activities.
- Exemption from export tax and zero VAT for Hi-Tech products.
Incentives for land rental and built factory rental
- Investors who rent land are exempt from land rent during the construction period (exemption period not to exceed 3 years);
- After the construction period, investors are exempt from land rent for 15 to 19 years according to regulations.
- In addition, businesses can rent high-quality available factories, complete with essential infrastructure, with an area of 1000-6000 m2 with rental prices ranging from 3.2 – 5.5 USD/m2/month from infrastructure development investors. The floors of the Hi-Tech Park are suitable for the needs of small and medium-sized supporting industry enterprises.
Reduce initial investment costs of the project
- With the above advantages for investment projects to establish companies in Hi-Tech Parks, it has helped businesses significantly reduce initial investment costs;
- On the other hand, quickly deploy the project when approved to invest in the Hi-Tech Park.
Company establishment process in Ho Chi Minh Hi-Tech Park
- Step 1: Apply explaining technology investment in the Ho Chi Minh City Hi-Tech Park project. If the application is successful, after 15 days the investor will be notified to proceed with step 02.
- Step 2: Investors submit dossier for investment registration and business registration at the Hi-Tech Park Management Board Office.
- Step 3: The Hi-Tech Park Management Board evaluates the dossier.
- Step 4: Granting Investment Registration Certificate for valid dossier.
- Step 5: Grant the Enterprise Registration Certificate.
- Step 6: Apply for Science and Technology Enterprise Certificate to the Ministry of Planning and Investment.
List of company establishment documents in Ho Chi Minh Hi-Tech Park
- Written request for project implementation (According to form);
- Individual investors: Identity card (For Vietnamese investors)/Passport (For foreign investors). Investors are organizations: Business registration certificate;
- Financial statements of the most recent 02 years or one of the following documents: Commitment to financial support from the parent company; commitment to financial support from financial institutions; Guarantee the investor’s financial capacity or explain financial capacity;
- Complete the Technology Explanation with full additional content according to the document announcing the results of the Technology Explanation of the Hi-Tech Park Management Board;
- Land rental agreement (Form)/ Factory rental agreement/ Office rental agreement;
- Joint venture contract/ Business cooperation contract between members (If any);
- Explanation of meeting conditions according to industry (For projects in conditional investment fields).
Notes on company establishment documents in Ho Chi Minh Hi-Tech Park
- For foreign investors, project documents are bilingual in Vietnamese and English.
- Documents from abroad need to be notarized and consular legalized.
- Power of Attorney for Viet An Law to represent the investor to submit project documents (If any).
If you want to establish a company/ business in Ho Chi Minh Hi-Tech Park with many incentives, please contact Viet An Law Firm for the fastest and best support!
