1. Procedures for Termination of Branch Operations Step 1: Tax Finalization Before notifying the termination of a branch, the enterprise must complete tax deregistration procedures and fulfill all outstanding tax obligations with the tax authority in accordance with tax regulations. Step 2: Submission of Application for Termination of Operations (i) Termination of a Domestic Branch […]
1. Name of the Business Location Pursuant to Article 16 of Decree No. 168/2025/ND-CP, the name of a business location shall comply with Article 40 of the Law on Enterprises as follows: 2. Can a Business Location Be Established in the Same Province or in a Different Province? According to Clause 2, Article 30 of […]
1. Business Lines for Registration Film Production Industry Film production is no longer classified as a conditional business line as of January 1, 2021, pursuant to the Law on Investment 2020. Accordingly, enterprises may register this business activity without being required to satisfy specific business conditions. Film Distribution and Film Exhibition Film distribution and film […]
1. Is an employee allowed to work for two companies at the same time? Article 19 of the 2019 Labor Code provides as follows: Multiple employment contracts Accordingly, employees are legally permitted to work for two companies at the same time, provided that they fully comply with the obligations and commitments under each employment contract. […]
1. Persons entitled to establish an enterprise All organizations and individuals have the right to establish and manage enterprises in Vietnam in accordance with the Law on Enterprises No. 59/2020/QH14 (2020). However, exceptions apply to cases prohibited from establishing enterprises as stipulated in Clause 2, Article 17 of the Law on Enterprises 2020. 1.1. Individual […]
1. Categories of accounting documents subject to archival Accounting documents required to be archived include: 2. Retention periods for accounting documents Minimum retention period of 5 years: Accounting documents used for internal management and administration purposes of the accounting unit, which are not used as a basis for tax declaration and calculation and are not […]