Phantom Shares in Vietnamese Companies: Legal Consequences of Unpaid Capital

Scenario: Tech Company X was established by three members (A, B, and C) with a registered charter capital of 3 billion VND, divided equally at 33.3% each (equivalent to 1 billion VND per person). On the Enterprise Registration Certificate (ERC), all three are recorded as having fully contributed their capital. However, in reality, after six […]

Consultation on Beneficial Owner Declaration

Question: I understand that from July 1, 2025, enterprises will be required to declare their beneficial owners. I would like to ask how the declaration of beneficial owner information of an enterprise is carried out.  Answer:                                        […]

Consultation on Establishing a Social Enterprise

Question: I want to establish a social enterprise. What criteria do I need to meet? Answer: According to Article 10 of the 2020 Enterprise Law, a social enterprise is an enterprise established with the aim of addressing social and environmental issues for the benefit of the community, while still conducting business operations like a regular […]

REGULATIONS ON DECLARATION OF BENEFICIAL OWNERS ACCORDING TO DECREE

1. Criteria for determining the beneficial owner of an enterprise - The individual directly or indirectly owns at least 25% of the charter capital or 25% of the total voting shares of the enterprise. Indirect ownership is understood as the situation where an individual holds such proportion through another organization, meaning that the individual does […]

CONDITIONS, DOSSIER, AND PROCEDURES FOR DISSOLUTION OF A SINGLE-MEMBER LIMITED LIABILITY COMPANY

Question: I am currently the owner of a single-member limited liability company (LLC). Due to financial difficulties, I wish to dissolve my company. What conditions must be satisfied, who has the authority to decide, and what dossier and procedural steps must be followed? Answer: 1.Conditions for Dissolution of a Single-Member Limited Liability Company A single-member […]