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 the Dissolution Process:
1. Legal Advice on Labor Settlement
Before proceeding with dissolution, addressing labor-related issues is an important step. Legal experts of SB Law will advise on labor settlement options, ensuring compliance with Vietnamese labor laws.
Services in this stage include:
+ Reviewing and analyzing relevant legal provisions
+ Drafting necessary documents such as termination notices and layoff decisions
+ Assisting in resolving labor disputes (if any)
2. Implementation of Dissolution Procedures
2.1. Investment Project Termination
This is a step in the dissolution process, involving the completion and submission of the investment project termination dossier to the competent authority.
Key tasks:
+ Preparing the investment project termination dossier
+ Submitting the dossier and working with the competent authority
2.2. Notification of Dissolution Decision
After the dissolution decision is made, the business must notify the business registration authority as required by law.
The company must ensure that all debts and financial obligations are settled before completing the dissolution.
2.3. Submission of Dissolution Dossier
The final step is to submit the official dissolution dossier to the business registration authority to complete the process.
Important Notes:
+ The process and timeline may vary depending on the specific circumstances and the requirements of the competent authorities.
+ Accurate and complete dossier preparation is crucial to avoid delays.
Dissolving a business is a significant decision, and obtaining professional legal advice and support will help ensure that the process is carried out efficiently and in compliance with the law.
SB Law is committed to providing professional and prompt service, offering dedicated support to help clients complete the procedures as smoothly as possible. If you require advice or assistance with company dissolution procedures, please contact SB Law for detailed guidance
Contact for legal services at: https://sblaw.vn/contact/
Ngoc Ha - Legal Consultant, SB Law
