Dear Valued Clients, A business cooperation contract (“BCC Contract”) is one of the forms of direct investment and commercial presence of foreign investors in Vietnam. However, the characteristic of this model is that the parties cooperate and carry out joint business investment activities based only on a contract without establishing an enterprise. So what are the benefits and risks of investors in this contractual relationship and this form of investment?…

Dear Valued Clients, Over the past decade, policies to support and encourage businesses to invest abroad have been increasingly improved. This has created favorable conditions to expand investment and business activities, improve competitiveness and increase the rate of participation in the international integration process for domestic enterprises. However, for many different reasons, including internal problems within the project and pressure from external factors, many businesses have had to decide to…

Dear Valued Clients, Transfer of contributed capital in a limited liability company (“LLC”) with multiple members is an act of a company member transferring the ownership of the contributed capital in his/her company to another member or another individual or organization that is not a member, along with the rights and obligations of the owner arising from that contributed capital to that individual or organization. During the capital transfer process,…

Dear Valued Clients, Capital contribution is an important step when establishing an enterprise. To acknowledge more about the valid contributed assets as well as the process, methods, and valuation for contributing assets, investors may pay attention to our below guidance. According to the provisions of Law on Enterprises 2020, capital contribution means the contribution of assets to form the charter capital of the company, including capital contribution to establish a…

Dear Valued Clients, On June 24, 2023, the National Assembly passed the Law amending and supplementing a number of articles of the Law on Entry and Exit of Vietnamese Citizens and the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam and it takes effect from August 15, 2023. Accordingly, the article will update Clients with the highlights related to visas in this new legal document. In general,…

Dear Valued Clients, The register of members in a multi-member limited liability company  (hereinbelow referred to as “The Company”) is an important document that the company must prepare immediately after receiving the Enterprise Registration Certificate. Therefore, in the initial stage of company formation and throughout the operation process, the company needs to pay attention to legal issues related to the register of members for convenience during operation. To order to…

Dear Valued Clients,  Contributed capital in companies in general and in multi-member limited companies in particular, is one of the most fundamental matter that needs to be carefully considered from the planning stage. To have the capital for their operation, especially after establishment, investors have to choose the amount of capital, type of capital contribution suitable with the scale, and business lines in compliance with the law. In order to…

Dear Valued Clients, Incorporation is the first procedure to create a commercial entity to carry on business operations in an orderly and organized manner. To learn about the application files as well as the process and procedures for the establishment of an enterprise and, subsequently, post-licensing matters, investors may pay attention to our below guidance. 1. Application dossiers for enterprise incorporation[1] At first, investors (who are supposed to be the…

Dear Valued Clients, Besides the branch or the representative office, the business location is also one of the dependent units’ types of enterprises established in Vietnam. Depending on business purposes and needs, businesses can establish business locations to serve their plans. In order to understand clearly the definition, functions, activities, and established procedures of a business location in accordance with the laws, please refer to this article. Customers can also…

Dear Valued Clients, Like an enterprise name or code, a corporate seal is also a form of distinguishing the difference between an enterprise and another. When executing transactions or agreements, the seal is considered a sign of the enterprise and represents the legal value of the documents being sealed. To catch up with regulations on the corporate seal of the Law on Enterprise  No. 59/2020/QH14 of the National Assembly promulgated…