Tax evasion is no longer an unfamiliar concept to many people today, as it is an extremely pressing issue that the state is focusing on preventing. Due to the increasingly sophisticated nature and extent of this crime, state agencies have issued strict sanctions to prevent and punish such violations. The legal consequences of tax evasion […]
In today’s globalized economy, resolving disputes through foreign arbitration is a widely adopted practice by many countries, including Vietnam. Recognizing and enforcing foreign arbitral awards play a critical role in fostering a stable, safe, and fair business environment. Vietnam’s legal framework, outlined in the 2015 Civil Procedure Code, supports the resolution of cross-border commercial disputes […]
Investment incentives in Vietnam are designed to encourage investment in sectors and regions that align with the country’s development priorities. These incentives, ranging from tax reductions to exemptions on land use, aim to drive economic restructuring and support growth in key industries like high-tech, agriculture, and environmental protection. This article outlines the forms, eligible sectors, […]
A sole proprietorship is a business model where one individual owns and fully controls the operations, assuming complete responsibility for its debts and activities. This type of business is governed by the 2020 Enterprise Law in Vietnam, which outlines its unique characteristics, such as unlimited liability and non-separation of business and personal assets. 1. What […]
Dissolving an enterprise involves terminating its legal status, including its rights and obligations. Whether voluntary or compulsory, the dissolution process follows specific procedures and requirements outlined by the law, depending on the type of business and its situation. What is the Dissolution of Enterprises? The dissolution of an enterprise refers to the process of ending […]
Transforming a sole proprietorship into another business form can be an essential step for growth, better alignment with the business’s development, or compliance with legal requirements. This article outlines the different types of business transformation available for sole proprietors, including the necessary conditions, procedures, and documentation for each transformation. 1. What is a Sole Proprietorship? […]