When living, working, or investing in Vietnam, many foreigners may need to establish a will to ensure their assets are distributed according to their wishes. Vietnamese law allows foreigners to make a will, but the process must comply with the country’s legal framework, particularly the Civil Code and relevant regulations on inheritance. Understanding the requirements, […]
When the State recovers land for public purposes, infrastructure development, or national projects, affected landowners and users are entitled to compensation under specific legal conditions. Understanding these conditions is crucial for ensuring fair treatment and compliance with the law. According to Clause 1, Article 95 of the Land Law 2024, those eligible for land-related compensation […]
In Vietnam, foreign companies or individuals conducting business or providing services within the country are subject to specific tax regulations. One of the key taxes they must comply with is the Foreigner Contractor Tax (FCT). This tax applies to foreign contractors and subcontractors working in Vietnam, covering both income earned within the country and the […]
Many businesses seek to convert their foreign loans into capital contributions as a strategy to strengthen their financial position. This practice raises important questions about legal compliance and financial regulations. Before undertaking such a conversion, companies must understand both the requirements and implications of transforming debt into equity capital. 1. The legal basis for converting […]
On November 26, 2024, the government issued Decree 154/2024/ND-CP detailing several articles and measures to implement the Law on Residence. This Decree will take effect from January 10, 2025, replacing Decree 62/2021/ND-CP. Therefore, we will update new regulations guiding the Vietnam Law on Residence under Decree 154/2024/ND-CP. 1. New regulations on the residence of people […]
One of the financial obligations of land users is the obligation to pay land use fees and land rent. Recently, the Government has issued new regulations on land use fees and land rent in Decree 103/2024/ND-CP to guide the new regime effective under Land Law 2024 in Vietnam. Below, we will analyze some notable contents […]