Procedures For Changing The Legal Representative

Our company is a multiple-member limited liability company and is now planning to carry out the procedures to change its legal representative. Please advise what documents need to be prepared, the steps to be taken, the order of procedures, and the statutory processing time under current regulations. Answer: At the request of the Client, we […]

Identification Of Beneficial Owner For A Single-Member Limited Liability Company

I intend to establish a Single-Member Limited Liability Company, in which I will be the sole owner holding 100% of the charter capital and directly managing the company’s operations. Under the new regulations on enterprise registration, enterprises are required to record information on their beneficial owner(s). In my case, how will the beneficial owner be […]

Identification Of Beneficial Owner: Criteria Applicable To Joint Stock Companies

I am a shareholder of a joint stock company with a charter capital of VND 500,000,000, divided into 500,000 common shares. Accordingly, the total number of voting shares of the Company is 500,000. The specific ownership structure is as follows: Mr. A holds 200,000 common shares; Mr. B holds 200,000 common shares; and Mr. C […]

Consultation on conditional business sectors for foreign investors

Question: Our company is a wholly foreign-owned enterprise and is currently planning to cooperate with a Vietnamese company to jointly invest in and operate a nursing home providing elderly care services. May I ask whether the current laws of Vietnam allow foreign companies to participate in this field?  Answer: According to Appendix I on the […]

Reduction in corporate income tax

On September 25th, 2020, the Government issued Decree No. 114/2020/ND-CP elaborating the national assembly’s resolution No. 116/2020/QH14 on reduction in corporate income tax payable in

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New ponits in the PPP Law

At the 9th Session Program, the National Assembly XIV continues the 9th Session, the XIV National Assembly, on June 18, the Law on Public Private

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The Vietnam Maritime Code 2005

This Vietnam Maritime Code 2005 provides for maritime shipping activities, covering seagoing vessels, crew, seaports, marine navigable channels, ocean shipping, marine navigation safety, marine navigation

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The Vietnam Customs Law 2005

This Vietnam Customs Law 2005 prescribes the State management over customs with regard to exported, imported or transited goods, transport means on exit, entry and

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