Change of Capital-Contributing Member in a Multi-Member Limited Liability Company with Foreign Elements
We wish to transfer our capital contribution to another investor. What is the legal procedure for doing so? Answer: The transfer of capital contribution that results in a change of members in a foreign-invested company involves the following steps: 1.1. Verification of Eligibility of the New Foreign Investor: If the new investor is a foreign […]
Increase in Charter Capital of a Foreign-Invested Limited Liability Company
Our company is a foreign-invested limited liability company. We intend to increase our charter capital to expand business operations. What are the legal procedures and required documents? Answer: According to the Law on Enterprises 2020 and the Law on Investment 2020, an increase in charter capital of an FLLC requires two simultaneous procedures: 1.1. […]
Change of address and legal representative on the certificate of business registration for study abroad consulting services
QUESTION: Our company wants to move our study abroad consulting office to another district and at the same time change the company's legal representative. Can you give us detailed instructions on the steps to follow in accordance with the legal process? Answer: 1. What is the business of studying abroad consulting services? Overseas education consulting […]
Addition of nightclub (bar) service business lines and application for sub-licenses
Question: Our company is currently operating in the field of commercial and service business. We intend to expand into the nightclub (bar) sector, providing alcoholic beverages and hosting DJ music events. What business lines must we add to our company registration, and what licenses or permits are required to operate legally? Answer: Based on the information […]
Procedures for registering marriage with a foreigner
I am a Vietnamese citizen and currently planning to marry my fiancé, who is a foreign national. We intend to carry out the marriage registration procedure in Vietnam. I would like to consult a lawyer regarding the process, required documents, legal conditions, and any other important considerations we should take into account when completing this […]
Divorce from a Foreign National in Vietnam: Legal Consequences When the Court Grants a Divorce Despite One Party’s Objection
Question: A British citizen currently living and working in Hanoi married a Vietnamese woman in 2019. They have two children together — one is 7 years old and the other is 9 months old. Recently, the wife unilaterally requested a divorce via text message. The husband does not agree to the divorce, and currently, the […]
Divorce issues for foreigners temporarily residing in Vietnam
I am a Turkish citizen and my ex-wife is a South Korean citizen. We got married in South Korea in 2020 and are currently residing in Vietnam as foreign nationals holding temporary residence cards. Due to irreconcilable marital conflicts, we have decided to divorce. May we proceed with our divorce in Vietnam? Response: Mutual legal […]
Tax Obligations When a Foreign Investor Repatriates Capital Contribution After Company Dissolution in Vietnam
Question: Are there any tax obligations in Vietnam when transferring the capital contribution back to our company in South Korea? If so, what are the applicable tax rates and how are they determined? Answer: Since Company A must fulfill all its tax obligations to the competent authorities before completing the dissolution process, the remittance of […]
Procedure and Required Documents for a Foreign Investor to Repatriate Capital Contribution After Company Dissolution in Vietnam
Question: What documents does our company need to prepare in order to transfer the capital contribution back after Company A is dissolved? Answer: In order to repatriate the capital contribution to your company in South Korea following the dissolution of the Vietnamese entity, you must ensure that Company A has completed the entire dissolution process […]