Question: Dear Lawyer, if I want to establish a single-member limited liability company (LLC) with an individual member, are there any restrictions on the minimum capital? Is it necessary to submit documentation proving the source of capital? Answer: The Enterprise Law does not stipulate a minimum capital requirement for establishing a company. The company may […]

Question: Dear lawyer, I would like to receive advice on the conditions and procedures for establishing a foreign-invested company (FIC) in Vietnam in the fields of security services and laundry services. Answer: Under Vietnamese Law on Investment, for setting up a FIC in Vietnam, the Client is required to propose an Investment Project initially to […]

Question: Dear Lawyer, can the authorized representative of a shareholder/member delegate their rights and obligations to another person? (The delegation follows the diagram below: Foreign Company -> First Authorized Person -> Second Authorized Person -> Vietnamese Company). We kindly ask for your consultation for our Company. Answer: The Vietnamese Enterprise Law does not have a […]

Question: Lawyer, can you advise us on the legal risks the Company may face when signing a lease contract for a parking area without completing the registration procedure for a business location? Response: Tax Risks Since the Company has not registered the business location at the operating site, expenses related to this business location may […]

Question: Dear Lawyer, our company is a 100% foreign-owned enterprise with a parent company established in Singapore. Can we conduct business in the rental of machinery, equipment, and other tangible goods without operators (VSIC 7730 and CPC 83109)? Response: Based on the information provided by the Company, the Lawyer understands that the Company is a […]