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What type of company can a foreigner set up in Vietnam
What type of company can a foreigner set up in Vietnam is the question that most foreign investors have, when trying to enter the Vietnamese market. In this article, LSX Lawfirm will give you the answer to that question. Legal grounds 2020 Enterprise Law Limited Liability Company (LLC) There are two types of LLC in Vietnam: Single-member LLCMultiple-member LLC. Hence the name, single-member LLC is an enterprise owned by an organization or individual. The company…
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What is temporary residence card for foreigners in Vietnam?
Vietnam is currently the leading country in the list of most desired workplaces for foreigners in Southeast Asia; because of criteria such as better income, low standard of living, more career opportunities; geographic and political security, as well as unique benefits including funding for mobility; housing costs; and the cost of returning home. Naturally, when foreigners come to work and to live in a locality on the territory of Vietnam required to make local temporary…
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Documents for foreigners to register a company in Vietnam
Hence the regulations of the 2020 Enterprise Law, documents for foreigners to register a company in Vietnam may vary between different types of companies. Therefore, in today’s article, LSX will give you details about the issue. Legal grounds 2020 Enterprise Law2014 Investment Law Documents to register a partnership company Accordingly, as the requirement of law, a dossier of partnership company registration will include: Business registration application formCompany rulesMembers listCopies of personal papers such as citizen…
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Limited Liability Company registration procedure under Vietnamese Law
When setting up a company in Vietnam; the question around the Limited Liability Company (LLC) registration procedure under Vietnamese Law may sound confusing. Therefore, LSX will show you every essential step in the process in this article. Legal grounds 2020 Enterprise Law2014 Investment Law What is a LLC? Hence the definition of 2020 Enterprise Law, LLC is a company in which its owners are responsible for the company’s debts and other property obligations to the…
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Procedures to apply for a Permanent Resident Card in Vietnam
Permanent residence cards are papers issued by the entry-level management of foreigners working in Vietnam are allowed to reside indefinitely in Vietnam and worth replacing a visa. Regarding this issue, LSX Lawfirm will provide customers with answers on “Procedures to apply for a Permanent Resident Card in Vietnam”. Legal grounds: Law on entry, exit, transit and residence of foreigners in Vietnam 2014 Amendments to a number of articles of law on entry, exit, transit and…
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Conditions for naturalization of foreigners in Vietnam
“I am a foreign citizen, I want to naturalize in Vietnam, so what are the conditions for me to become a citizen of your country in the fastest and most correct way?” Let LSX Lawfirm solve this problem for you in the following article “Conditions for naturalization of foreigners in Vietnam” Legal grounds Law on Vietnamese Nationality 2008 Naturalization of foreigners in Vietnam What is the naturalization of foreigners in Vietnam? Naturalization of Vietnam means…
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What is BOT? Contents of the BOT contract
Surely many of us are familiar with the phrase BOT or BOT toll station. So what does this phrase actually mean, where does it come from? In the following article, LSX Lawfirm will help readers understand more about BOT. Legal Grounds Investment Law 2020 What is a BOT? BOT is an acronym for the phrase Bulding- Operate- Transfer which means Build-Operate-Transfer. This is one of the types of contracts based on the form of public-private…
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Property Division in an International Divorce in Viet Nam
Divorce is not a new issue in every country over the world. Many studies indicated that the higher the marriage rate, the higher the divorce rate. Both the husband and wife also find good solution for every situation. In particular; how is the property division in an International Divorce in Vietnam done? Let’s find out with LSX Law Firm! Legal grounds The Law on Marriage and Family 2014 The Civil Procedure Code in 2015 What…
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Opening bank account for foreigners in Viet Nam
Can foreigners open a bank account in Vietnam?. How does Vietnamese law regulate this issue? What about procedures for opening bank account for foreigners? Lawyer X will answer you through the following article. Legal grounds Circular 02/2019/TT-NHNN amending Circular 23/2014/TT-NHNN Can foreigners open a bank account in Vietnam? Accordingly to the law guiding the opening and use of payment accounts at payment service providers operated by the State Bank of Vietnam issued by Vietnam regulations…
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Division of property between husband and wife upon divorce in Vietnam
The divorce rate is on the rise. In the divorce settlement process, the issue of property division is always concerned. What knowledge do husband and wife need to have about the principle of property division to comply with the Law? How is the division of property between husband and wife upon divorce in Vietnam? Let us find out about this issue with LSX Law firm. Legal grounds Marriage and Family Law 2014 Principle of property division…
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