Establish a company in Ho Chi Minh Hi-Tech Park with many incentives

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!