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 […]

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 […]

Question: In the event of the dissolution of Company A, what will be the return ratio of our capital contribution? Answer After settling all debts and dissolution-related expenses includes: Salary arrears, severance pay, social insurance, health insurance, unemployment insurance as prescribed by law, and other benefits under collective labor agreements and signed labor contracts; Tax […]

Question: What is the legal procedure for dissolving a foreign-invested limited liability company A (in which our company holds a 30% capital contribution)? Answer: 1.1. Conditions for dissolution: According to Article 207.2 of the Law on Enterprises 2020, Company A may only be dissolved if it is able to settle all debts and other financial […]

Question: Currently, our company does not yet have a business license for retail distribution: (What are the procedures, what documents are required, and what is the legal basis?) Answer: Enterprises intending to engage in retail distribution activities in Vietnam must apply for a Business License from the Department of Industry and Trade in the locality […]