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 […]
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 […]
What is a Joint-Stock Company? A joint-stock company is a business association that combines the structure of a corporation with the flexibility and freedoms of a limited liability company. The shareholders buy and sell shares and own a portion of the company – in accordance with the amount they have invested. Each investor will takes […]
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 […]
Nowadays, it can be seen that in our country, especially in big cities, the number of foreigners choosing to come to our country to live and work is increasing day by day. At the same time, the demand for buying houses and land of these people is also increasing sharply. So do foreigners have the […]