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Our company in Vietnam operates from Ho Chi Minh, Vietnam.
Vietnam has become a fast rising economy and has benefitted so much from the free trade agreements signed in the last 20 years. However, most organisations venturing into Vietnam face roadblocks that often make the processes we take for granted elsewhere a challenge here. Basic necessities like employment of a foreigner, administering of payroll, paying taxes are not that straightforward.
The Innovare Group provides a full contract management model in Vietnam specific to your requirements operating in multiple industries. We usually refer to this model as the Employee of Record (EOR) model. Some of the characteristics are elaborated below.
We are able to assist whether you or your consultant is an expatriate or local in Vietnam.
We have a team of payroll, immigration and compliance specialists ready to provide professional advice in terms of contracting.
How Innovare Vietnam can assist:
Immigration laws in most countries in Asia Pac often hold a local entity responsible for the entry, wellbeing, good behaviour and eventual exit of the individual. This also ensures that local immigration and employment laws are adhered to. This host company will be the technical employer of the individual.
We assist with the sponsorship of the work visa. Please speak to your Innovare sales contact person who will determine the appropriate visa for you or your consultant.
Innovare’s insurance policy in Vietnam (subject to terms and conditions) includes Professional indemnity insurance and Public liability insurance and is inclusive in our management fee. Workman compensation insurance is inclusive in the Social Security.
Needless to say, all Employee of Record consultants are required to have adequate medical insurance to cover them throughout the entire contract. While medical insurance covers for locals and expatriates, medical insurance is a must for expatriates working in Vietnam.
Should you need assistance in Asia Pacific, we would be pleased to hear from you.
Contact us for a discussion and a quick quote.
Please check the link below for updated information:
Disclaimer: Due to COVID-19, there has been a constant change in terms of work permit process, timeline, travel restrictions, quarantine period, medical tests as well as insurance requirements etc. All these requirements can change by the respective authorities in both country of work and candidate’s home country from time to time. The process, timeline and costs that Innovare provides is a guideline and is subject to change if any process is being changed. While every reasonable effort has been made to ensure its accuracy at the time of communication, Innovare cannot guarantee nor be liable for such change in timeline or costs arising from any pandemic related factors so please take note of the potentially volatile situation during this period.
