Dear Valued Clients, Every year, enterprises are required to prepare and submit various types of labor report to the state authorities. In anticipation of the upcoming new year, in order to assist enterprises to be fully aware of their obligations, ENT Law would like to provide Valued Clients this article summarizing the labor report regime in 2022 for enterprises. Annual reports   Deadline Type of report Report submitter Report…

Dear Valued Clients, Pursuant to the Law on Enterprises, an enterprise could be organized in various forms with specific pros and cons. Accordingly, it is necessary and crucial for business owners to be aware of the features of each form in advance of business establishment. In order to provide the most preliminary awareness to Valued Clients, ENT Law shall summarize the most significant advantages and disadvantages of each form of…

  Dear Valued Clients, Compensation for damage and penalty for violation of the contract are two common sanctions in civil contracts. However, for each different field, the regulations on compensation for damage and penalty for violation of the contract will be governed by separate specialized laws. In this article, we will focus on sharing the legal provisions related to compensation and penalty for the violation of construction contract. I. OVERVIEW…

Dear Valued Clients, Since the 2020 Law on Enterprises became effective, the procedure for obtaining an enterprise registration certificate has been updated. This Article shall provide a specific instruction to perform such procedure in accordance with the latest Law on Enterprise and its guidance documents. Application for enterprise registration Application for registration of a sole proprietorship[1]: 1.  The enterprise registration application form (pursuant to Annex I-1 of the Circular No….

Dear Valued Clients, Charter capital of a limited liability company is the total value of assets that have been contributed or promised by the members/the owner when a limited liability company is established. During the company’s operation, the charter capital can be changed, either increased or decreased, depending on the business operations as well as demands of the company. The following Article shall point out several options of charter capital…

Dear Valued Clients, The legal representative of an enterprise is an individual who represents the enterprise to exercise the rights and obligations arising from the transactions. Therefore, the long-term absence of the legal representative will strongly affect the normal operation of the enterprise. In this article, we will outline how to handle in case the legal representative is absent from Vietnam for more than 30 days. I.  OVERVIEW OF THE…

Dear Valued Clients,  After the establishment, it is vital for businesses to quickly build a key personnel framework. However, at present, many businesses are still confused about the application of legal provisions related to the election of titles in the company. Understanding this, ENT Law LLC would like to send to our valued clients this Legal Article on the procedure for election of titles of the joint-stock company after its…

Dear Valued Clients, Transfer capital to foreign investors is currently one of the popular business activities. In particular, Vietnam’s opening market policies have attracted many foreign investors to invest in Vietnam. The following article will provide the procedures to receive transferred capital for foreign investors in accordance with current regulations. I. RELEVANT LEGISLATION The following legal documents are referenced in this article: 1. Law on Investment No.61/2020/QH14 dated June 17,…

Dear Valued Clients,  Vietnam law allows enterprises, agencies, organizations and individuals to recruit foreign employees to work in managerial, executive, expert and technical positions. ENT Law LLC would like to send to customers the summary of legal information you need to know related to the procedure for granting work permits of foreigners working in Vietnam. I. RELEVANT LEGISLATION The following legal documents are referenced in this article: 1. Labor Code…