Post-Tax Profit Distribution in a Foreign-Invested Company

After the company earns a profit, we wish to distribute the profit to the capital-contributing members. Are there any regulations we should be aware of? Answer: The distribution of profits in a limited liability company with foreign investment must comply with the following principles: 1.1. Conditions for Profit Distribution: According to Article 69 of the […]

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. […]

Procedures and Dossier for Obtaining a Retail Business License

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 […]

The Process of Dissolving a Foreign-Invested Company in Vietnam

Dissolving a foreign-invested company (FIC) in Vietnam is a complex legal process that requires strict compliance with legal regulations. To ensure a smooth and efficient process, obtaining support from legal professionals is crucial. This article provides an overview of the FIC dissolution process, based on the services offered by professional law firms. Key Stages of […]

Company acquisition in Vietnam

Company acquisition in Vietnam

SB Law was requested to assist foreign company (Hereinafter referred to as “Client”) to provide legal advice on company acquisition in Vietnam. 1.OUR PROPOSED SCOPE

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Setting up tea factory in Vietnam

Trade in Vietnam

Upon Vietnam’s accession to the WTO in 2007, the services market in Vietnam has been liberalised in certain areas, including the trading of goods. Under

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Audit and Accounting in Vietnam

Audit and Accounting in Vietnam

Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’). If a company strictly follows the VAS, registration with the Ministry of

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