How to establish company in Vietnam?

  Foreign investors may invest in the form of 100% capital to establish company in Vietnam, being limited liability company, joint stock company, partnership company.Foreign investors that invest in Vietnam for the first time must have investment projects and fill in investment registration or examination procedures at state agencies in charge of investment in order to be granted investment registration certificates. Investment certificates shall concurrently be business registration certificates. Company with 100% foreign capital...

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How to Set Up Company in Hanoi?

 The Law on investment 2021 has a lot of investment incentive policies in economic sectors in Vietnam for foreign investors.Foreign investors that invest in Vietnam in general and Hanoi in particular for the first time must have investment projects and fill in investment registration or examination procedures at state agencies in charge of investment in order to be granted Investment Registration Certificates (“IRC”) and Enterprise Registration Certificate (“ERC”). Company with 100% foreign capital has founded and operated from the date of...

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Benefits of Investors to Set-up Business in Ho Chi Minh City

 Ho Chi Minh City offers many benefits for foreign companies to do business and invest.The population of Ho Chi Minh City is of more than 10 mil, earning a higher average income than other part of the country. Consumer retail has found Ho Chi Minh City as an attractive market for investment in retail shops, malls, introducing quality consumer goods to the local.Ho Chi Minh City offers adequate infrastructure such as the Sai Gon port systems, deep seaport access from Vung Tau port systems, Tan Son Nhat international airport, and possible Long...

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Why Investors Should Set up Business in Phu Quoc

 The improvement in infrastructure system along with the preferential policies have stimulated investors to come to Phu Quoc to set-up company and do business.Phu Quoc, an island in Kien Giang of Vietnam is in the top of three islands having tourism potential in Southeast Asia comparable to Phuket in Thailand and Bali in Indonesia. Phu Quoc has become a magnet for attracting huge investment flows from foreign investors in the area of real estate, entertainment, casinos, restaurant or food and beverage service business.Phu Quoc has...

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Benefits of Investors in Setting up a Business in Da Nang

  Da Nang is one of the five major cities in Vietnam, having a geographical location that is particularly conducive to rapid and sustainable economic development. Da Nang has important transportation routes such as the China-ASEAN international railway crossings, seaports and international airports.Da Nang is one of the tourist centers of the country, has rich tourism potential including natural tourism resources and humanities. Da Nang has many famous scenic spots such as Hai Van pass, Son Tra mountain, Ba Na hills, Ngu Hanh Son, Cham...

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Why Da Nang is a Place for Setting up Business

 Da Nang has been creating flexible policies, good environments attracting foreign investors setting up company, building factory, and developing service business.Da Nang is a social and economic center of central area of Vietnam with the role as the center of industry, trade and tourism and service. It is a seaport city, an important transport hub for the transit of domestic and international transportation. Presently, Da Nang has been rising as a comprehensive and sustainability developing city.With the advantages of geographical location,...

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Differences Between Limited Liability Company and Joint Stock Company

 How to distinguish a Limited Liability Company and a Joint Stock Company?”Vietnam Law allows the establishment of a company in Vietnam in various forms. It is an important step in investment process.Investors could choose different forms depending on the needs and capacity on the ability to raise capital and sharing the risk in business as well as the management and operating costs. Each form will have its own organizational structure, operating mechanism, rights and obligations specified under Law on Enterprise 2014.Currently, Limited...

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What is Statue of Limitation for Initiating Legal Action According to Arbitral Procedures?

  Arbitration law always set the the limitation period for request of dispute resolution. This means that the law applies a specific period for parties to bring the dispute to the arbitration. According to law on arbitration 2010 (“LOA”), unless otherwise provided by specialized law, limitation period for initiating legal action according to arbitral procedures is two years from the time of infringement of lawful rights and interests.There is no regulation in arbitration law regarding consequence of expiration of limitation period, but...

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Business Lines That Need Sublicense

  In the process of establishing, businesses need to conduct the declaration of registered business lines as prescribed by law. For ordinary professions, businesses only need to encode the professions according to the encoding system in accordance with the law.However, for some conditional business lines, in addition to the declaration in accordance with regulations, enterprises have to fully satisfy the prescribed conditions such as legal capital or business licenses (sublicense).Moreover, enterprises need to pay attention to some lines...

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Vietnam Tax laws updated

 At ANT Lawyers, our tax consultants keep track of changes of Vietnam tax regulations to provide latest updates and best services to our Client. There have been significant supplements and adjustments on Vietnam Tax Law that has been promulgated and to be effective from Jan 1st, 2014. The aim of changes is to overcome the drawbacks of the current VAT act and the effect of the Law amending and supplementing a number of articles of the Law on Corporate Income Tax. On Jun 19th, 2013, the National Assembly passed Law No. 31/2013/QH13,...

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New procedure in marriage with foreign element

 From February 17th 2014, the marriage between Vietnamese and foreigner belonging to one of following cases must be consulted, supported by the Center of Consulting, supporting marriage and family with foreign element:– A spouse is 20 years older than the other.– The foreigners get married the third time or have married and divorced with the Vietnamese ex-spouses in the past.– Either spouses have not yet understood the family situation, personal situation of each other; don’t understand the language, customs, habits, culture, laws on marriage...

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Why Foreign Workers Should Declare Personal Income Tax (PIT) in Vietnam

 According to the Vietnam General Department of Taxation, when the Vietnam tax authorities identify those foreign workers in Vietnam, who are subject to Personal Income Tax (PIT) in Vietnam and foreign countries, but fail to declare tax, such foreign workers or foreign employee will be liable to the administrative sanctions on tax in Vietnam.Even though for foreign workers in Vietnam who have returned to their home countries or relocate to other countries prior to the tax declaration period in order to avoid tax obligations,...

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How Divorce Procedures Involving Foreign Elements in Vietnam Are Regulated?

 The procedure for divorce in Vietnam involving foreign elements is one of the complicated procedures. Therefore, when implementing this procedures, the parties need to pay attention to the related legal provisions to avoid problems when conducting the divorce procedure in Vietnam or involve family lawyers for assistance in preparing documents and filing petition, especially if there are potential dispute in custody or common assets, properties division. Divorce dispute lawyers in VietnamDivorce involving foreign elements means termination...

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Ho Chi Minh City: foreigners’ work permit in Vietnam is no longer renewable

 Ho Chi Minh City is not going to renew expired work permit in Vietnam for foreigners, noticed by Ho Chi Minh City Department of Labor, War Invalids and Social Affairs.Ho Chi Minh City Department of Labor, War Invalids and Social Affairs (DOLISA) issued Notice No.6107/SLDTBXH-VL on May 16th, 2014 guiding the implementation of Decree No.102/2013/ND-CP detailing a number of articles of the Vietnam Labor Code regarding foreign workers in Vietnam. Pursuant to the notice hereof, in the case that expired work permits which has been issued...

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Vietnam Bar Association Officially Petition to Amend Circular 28

 On August 7th, 2014 the Chairman of the Vietnam Bar Association has signed the petition submitting to the Minister of the Vietnam Ministry of Public Security, to officially request for consideration annulling or amending the scope of the Article 38 of the Circular No. 28/2014 (“Circular 28”).Pursuant to the Vietnam Bar Association, the Article 38 of Circular 28 has various terms expanding the scope of rights and obligations of the investigators in comparison to the Criminal Procedures Code, Ordinance on organization of criminal investigations,...

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New law that impact Work permit in Vietnam for foreigners

 Vietnam has recently issued a new law that put a stricter control on foreigners working in Vietnam. With the changes being implemented from early November of 2013, the process to apply for work permit in Vietnam will take longer and would cost extra fees.The work permit for foreigners in Vietnam will now require the approval from head of People’s Committee and that once it is issued, it will only be good for two years as max in compared with three years as regulated earlier. ANT Lawyers’ employment and labour lawyers in Vietnam keep...

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