Country of Origin: Singapore
Industry: Corporate Services
Services Provided: Incorporation (including Legal Representative, Virtual Office & Bank Account), Accounting & Tax Reporting, HR (including Payroll & Insurance), FDI Report, Work Permit & TRC
Sibyl Co. offers premium insourced remote teams in Vietnam. Sibyl Consulting and Sybil Entertainment offer boutique strategy consulting and communication services. To international clients, Sibyl introduces remote insourcing (recruiting long-term remote employees) in Vietnam, where the workforce is young, strong, and affordable.
Sibyl chose Vietnam due to the skilled yet affordable IT developers compared to other more developed countries. With over 70,000 IT firms generating close to USD 150 billion in revenue in 2022, there is tremendous potential for IT outsourcing.
With Vietnam being a new market, the challenge is adapting to the complex business landscape, which is vastly different from that of Singapore. Like many expanding businesses, Sibyl didn’t have a complete understanding of legal and tax compliance regulations.
For company setup, accounting, and tax reporting, it’s much more efficient to have a partner to take care of administrative tasks to allocate time for business strategy.
InCorp provided the complete solution for business setup in Vietnam. We helped Sibyl obtain the investment and business licenses and are now supporting Sibyl with ongoing operations, including their accounting and taxes, human resources, and employee payroll.
Having accounting and HR tasks fully outsourced to InCorp, Sibyl can focus on client acquisition and further business development in Vietnam. InCorp also collaborates with Sibyl on the partnership level, referring potential clients to Sibyl.