Are foreigners allowed to own houses in Vietnam? Clause 1, Article 8 of the Housing Law 2023 stipulates that: “1. Subjects entitled to own houses in Vietnam include: a/ Domestic organizations and individuals; b/ Overseas Vietnamese as specified by the citizenship law; c/ Foreign organizations and individuals specified in Clause 1, Article 17 of this […]
Is it allowed to contribute capital by land use rights? Clause 1, Articles 34 of the 2020 Enterprises Law Enterprise stipulates that: “1. Contributed assets include VND, convertible foreign currencies, gold, land use right (LUR), intellectual property rights, technologies, technical secrets, other assets that can be converted into VND.” Thus, law allows capital contribution in […]
To legally invest and set up a business in Vietnam, foreign investors must not only comply with the general regulations for establishing a company but also the specific conditions for foreign investors. 1. Conditions for foreign investors contributing capital from the beginning of establishing the company Clause 1, Articles 22 of the 2020 Investment Law […]
In a business, the legal representative always holds the most important position, giving directions and decisions that directly affect the operation and development of the business. Therefore, before set up an enterprise, it is necessary to clearly understand the following information about legal representative: What is a legal representative? Pursuant to Clause 1, Article 12 […]