Subjects exempt from corporate income tax

Corporate income tax is applied to income from business activities (profits from production, business, services, or financial activities). However, according to regulations, in some cases businesses can be exempt from corporate income tax. 1. Corporate income tax payers According to current regulations, corporate income tax payers include organizations that produce and trade goods and services […]

Conditions for capital contribution, purchase of share, contributed capital

Purchasing shares or contributing capital to an enterprise is a common way for foreigners to invest in Vietnam, in addition to starting new businesses or executing investment projects or business cooperation agreements. Foreign investors must, however, meet specific requirements in order to engage in this type of business. Foreign investors have rights to contribute capital, […]

Procedure for unemployment allowance

Unemployment insurance that has a risk prevention feature can assist workers in getting through tough times after losing their jobs. However, in order for the unemployment benefits process to be granted, the employee must become proficient in a few key areas, including following the implementation order. The unemployed employee that wishes to receive unemployment benefit […]

Charter capital transfer, change of ownership in single-member Limited Liability Company

A single-member limited liability company’s (LLC) ownership transfer brought about by the charter capital transfer is a significant legal process that has an immediate effect on the management and operations of the business. In addition to adhering to capital transfer requirements, this process calls for finishing the correct steps to update enterprise registration data with […]

Guidelines for issuance of retail business license

Vietnamese markets are seen as attractive and prospective, attracting a lot of attention from international investors. Vietnamese law creates particular rules to regulate the retail operations of foreign-invested businesses in order to maintain transparency, be in line with the objectives of economic development, and promote an equitable and balanced business climate between domestic and foreign […]

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