Enterprise
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FOREIGN INVESTORS CONTRIBUTE CAPITAL, BUY SHARES IN VIETNAM
Foreign investors have rights to contribute capital, buy shares or capital contribution in business organizations in Vietnam. Methods for foreign investors to contribute capital, buy shares or capital contribution: - Buy shares of joint-stock companies through IPOs or additional issuance; - Contribute capitals to limited liability companies and partnerships; - Buy shares of joint-stock companies from the companies or their shareholders; - Buy capital contributions of limited liability companies and become members; - Buy capital contributions of partnerships and become partners. When foreign investors contribute capitals, buy shares, buy capital contributions in Vietnam, there might be two cases: Case 1: If foreign investors contribute capitals, buy shares or buy capital contributions that lead to the proportion of foreign ownership is less ... -
FOREIGN INVESTORS OPEN SPECIALTY CLINICS IN VIETNAM
Vietnam’s population is more than 94 million people, ranked 14th in the world and is a developing country, economic conditions are improving so the demand for health care of the people is higher. Medical examination and treatment services have also grown to attract both domestic and foreign investors. Foreign investors wishing to open specialty clinics in Vietnam should note the following procedures: Vietnam’s commitments pursuant to the WTO and other Free trade agreements are signed by Vietnam, establishment of specialty clinic in Vietnam, the minimum investment capital for 200,000 USD. Foreign investors open specialty clinics in Vietnam shall carry out as follows: Step 1: Establishment of foreign-invested companies ( establishment of new companies with 1 percent to 100 percent foreign investment ... -
ESTABLISH FOREIGN RESTAURANT IN VIETNAM
Currently, doing catering business is a potential investment sector which is growing rapidly. Tastes and trend of Vietnamese diners are diverse and variable. They are eager to try new dishes. In large cities, it is not hard to find restaurants owned by foreigners which provides their traditional dishes of many nations such as: France, Italy, Japan, Korea, Singapore, Thailand, China, India… In accordance with the Schedule of Specific Commitments in Services of Vietnam in WTO, catering services (CPC 642) and beverage (CPC 643) do not contain any limitation on foreign investors. That means foreigners are allowed to establish 100% foreign-owned company to provide catering services in Vietnam. There are two options foreign investors may choose: - Establish foreign-owned company providing ... -
VALUE-ADDED TAX CALCULATION METHODS UNDER THE LAWS OF VIETNAM
Tax is the state’s income which has huge effects on business entities and customers in the economy. One sort of tax which has widest governing scope is value-added tax paid by customers through purchasing goods or using services. Value-added tax is applied to goods and services and business entities providing goods and services shall add the value-added tax amount to the final price. Those business entities shall pay the value-added tax (VAT) amount to the state budget as their obligations. There are two methods for VAT calculation: tax credit method and direct calculation method based on added value. Tax credit method: From the point of a company, they also need to purchase material or using services for manufacturing. Hence, there is ... -
THINGS ENTERPRISES HAVE TO DO AFTER ESTABLISHING
When receiving the Certificate of Business registration from Business Registration Division, some enterprises are in a hurry to operate but some others want to wait for more suitable time to start their business. All of them seems to forget that they still need to carry out some administrative procedures to obey the legal regulations. As soon as the Certificate is issued, company’s information has been posted on the system of the National Business Registration Office and managed by the local tax authority, so the company has to made initial tax declaration. The following article may be helpful for some enterprises to know the specific obligations and avoid being fined by the tax office. What to do after receiving the Certificate ... -
LEGAL REPRESENTATIVE OF FOREIGN-OWNED COMPANIES IN VIETNAM
During operation in Vietnam, many foreign-owned companies need to appoint foreigners as the legal representatives of the companies. This is a necessary need as the legal representative shall act on behalf of the company to sign contracts, make transactions and perform obligations and rights of the company. Appointing foreigners as the legal representatives of foreign-owned companies in Vietnam could make management, control and daily business decisions become easier. However, currently, the regulations on foreign labor have become narrower. Hence, appointment of foreign legal representative of foreign-owned companies in Vietnam need to be complied with the laws. The process of appointment of legal representative of foreign-owned companies in Vietnam as well as foreign employees as follows: Step 1: Determination and reports ...
