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 […]

Official Dispatch 2125/TCT-CS 2024 on value added tax policy.

Value added tax policy

On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs

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Corporate Income Tax Incentives

Corporate Income Tax Incentives

On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies. Based on the amended Law No. 32/2013/QH13, which supplements

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Tax Policy on Capital Contribution Transfer in Foreign-Invested Enterprises

Problems with tax policy

On May 16, 2024, the General Department of Taxation issued Official Dispatch No. 2087/TCT-CS on tax policy problems. About Value Added Tax (VAT) Based on

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