Legal consequences of shareholder's delayed capital contribution in a business

Our company is a joint-stock company established on August 1, 2024, with a registered charter capital of VND 10 billion. According to regulations, founding shareholders must contribute the committed capital within the legally prescribed period. However, to date, some shareholders have not fully contributed their capital. In this case, is the company violating capital contribution […]

Can the approval for share acquisition be obtained when required by the bank, even if registration is not mandatory?

Question: Our company is a foreign-invested economic organization and is conducting a share transfer transaction. According to regulations, our company is not required to register for share acquisition. However, when executing the transaction at the bank, we were asked to provide the approval letter for share acquisition from the Department of Planning and Investment. In […]

Procedures for Registering Foreign Loans & Opening a Capital Receipt Account

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, […]

SBLAW Accompanies Foreign Investors With International Investment Registration Services

SBLAW takes pride in being a trusted partner supporting businesses in establishing and registering investments abroad. With a team of experienced lawyers, we have successfully assisted numerous enterprises in completing legal procedures and registering company establishments in compliance with the regulations of reputable countries. In the context of global integration, expanding markets and registering investments […]

Procedure for closing a project office in Vietnam of a foreign contractor

Question: The Ministry of Construction issued a construction operation permit to a foreign contractor for Metro Line 1. Now that the project has been completed, they wish to close the project office in Vietnam. Could you please advise on the procedure to carry out this process? Answer: A foreign contractor operating in Vietnam under a […]