Yoga studio operational requirements

Yoga studio operational requirements

Question: I currently want to establish a yoga studio, can you tell me what requirements I need to meet? Answer: First you must establish a enterprise which registered business in the sports and fitness business and this enterprise must meet the following conditions: Qualified Personnel suitable with the operation content: Yoga instructors must meet one […]

Establishing a company in Cyprus

Establishing a company in Cyprus

Question: Our company, originally founded in Vietnam, is currently in the process of setting up a new company in Cyprus. To achieve this, what do we need to adhere to specific procedures. Answer: When establishing a company in Cyprus, the following steps need to be taken: Firstly, registering foreign investment at the Ministry of Planning […]

Transfer of shares procedure for foreign investors

Transfer of shares procedure for foreign investors

Question: Our company in Ho Chi Minh City is a Joint Stock Company with 3 Vietnamese shareholders. The company does not own land, and currently, all shareholders want to sell all shares to three new shareholders (2 Vietnamese and 1 British). I would like to ask what procedures the company needs to follow? Answer: According […]

Registering foreign loan application.jpg

Registering foreign loan application

Question: Our company (100% Vietnamese capital) plans to obtain a long-term loan of $500,000 from another company in the Philippines for business purposes. I would like to inquire about the procedures that the company needs to follow before borrowing. Is there a need to open any specific accounts to receive the loan funds? Answer: Firstly, […]

Payment for transfer of contributed capital

Payment for transfer of contributed capital

Question: I am an American currently residing and working in Vietnam with a 2-year temporary residence card. I am planning to acquire the contributed capital of Mr. X (also an American) in Company A (a company with 100% foreign direct investment). I would like to inquire whether, when making the payment for the transfer of […]