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Distinguish between business division and business separation in Vietnam
Accordingly, business division and business separation are forms of business reorganizations. Indeed, many entrepreneurs might find these two forms being similar and hard to discriminate; therefore, in this article, LSX will give you more details on the topic. Legal ground 2020 Enterprise Law Definition of business division and business separation Hence the provision of the Enterprise Law, a business division is a type of enterprise reorganization, applicable to LLCs and JSCs; thus, an LLC or…
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Are foreign investors limited in capital contribution in Viet Nam?
Are foreign investors in Vietnam limited in capital contribution? Let’s find out with LSX Law firm through the article below. Legal grounds Investment Law 2020 Forms for foreign investors to invest in Vietnam Accordingly Investment Law 2020 , investors are individuals with foreign nationality or organizations established under foreign laws that conduct business investment activities in Vietnam. Pursuant to Article 21 of the Investment Law 2020, foreign investors conduct investment activities in Vietnam in the following…
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What is business separation under Vietnamese Law?
Accordingly, like business division, merger, and consolidation; business separation under the Enterprise Law is a method of reorganizing the company. Therefore, to separate the business, enterprises must follow the regulation of the Law. So, in this article, LSX will give you details on the issue. Legal grounds 2020 Enterprise LawDecree 01/2021/ND-CP What is business separation? Basically, business separation is a form in which an enterprise is split into two or more enterprises; without terminating the…
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What is a business division under Vietnamese Law?
Accordingly, a business division under Vietnamese Law is a form of business reorganization; with the aim of increasing business efficiency. However, this activity needs to be carried out following the law. So, in this article, LSX will give you a brief on the issue. Legal ground 2020 Enterprise LawDecree 01/2021/ND-CP What is a business division? Hence the provision of the Enterprise Law, a business division is a type of enterprise reorganization, applicable to LLCs and…
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Do foreign workers need to have probationary period in Viet Nam?
Due to the needs of the job, businesses in Vietnam not only use domestic workers but also have to recruit foreign workers. So, do foreign workers need to have probationary period in Viet Nam? Let’s find out this issues with LSX Law firm. Legal grounds Labour Law 2020 Is there a probationary requirement for foreign workers? Accordingly Clause 1, Article 24 of the Labor Law 2019, probationary period is an agreement not required when the…
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Regulations of the law on handling illegal workers in Vietnam
With the integration and international economic exchange in recent years; Vietnam is one of the attractive destinations for a large number of investors who want to do business in Vietnam. This requires a lot of skilled workers; Skilled workers from other countries come to work in Vietnam. However, there is a fairly common problem that is people without work permits coming into the country to work; in the form of illegal labor. So, What are…
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What should foreign investors pay attention to about taxes in Vietnam?
Vietnam is in the process of integration; Many foreign individuals/organizations invest in production/business. However, in the investment process of individuals/organizations, there is one problem that foreign investors pay attention to. So how does Vietnamese law regulate this issue? Refer to this article by LSX Law firm to know what should foreign investors pay attention to about taxes in Vietnam! Legal grounds Investment Law 2020 Decree 218/2013/ND-CP Corporate income tax Law 2008 amended and supplemented in…
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The current Law on inheritance with foreign elements
So far, the issue of inheritance has always been a civil matter interested by many people. Because of its importance in daily life, the law has detailed provisions on this issue. If it’s just a matter of domestic inheritance, the procedures are clearly regulated and easy to follow. What about the case of inheritance but with foreign elements? So is the procedure the same as a domestic inheritance case? Let LSX Law firm Inform you…
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Divorce dossier for foreigners in Vietnam 2021
What is required for a divorce dossier for foreigners in Vietnam? Is there anything that needs special attention? Let’s find out in this article with LSX Law firm. Legal Ground Law on Marriage and Family 2014 Divorce dossier for foreigners in Vietnam The dossier to carry out divorce procedures for foreigners, in general, will also include the same documents required for Vietnamese. However, because there are special foreign factors, the application requires additional relevant documents. Specifically,…
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Application for a license to establish a foreign insurance branch in 2021
In the near future, the value of assets, especially human life, will increase. So Insurance will attract more users who want to protect their assets. That also attracts foreign insurers to expand their business networks to Vietnam to invest. One of the forms of such activities is the establishment of a foreign insurance branch. So what is the application for a license to establish a foreign insurance branch in 2021? So Let us find out…
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