1. Concept Logistics services are commercial activities, whereby traders organize to perform one or more jobs including receiving, transporting, warehousing, warehousing, carrying out customs procedures, other paperwork, consulting customers, packaging, marking codes, delivering goods or other services related to goods as agreed with customers pay. 2. Logistics business conditions for foreign investors General conditions Traders providing…
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Concept Personal income tax (hereinafter referred to as PIT for short) is a compulsory state budget payment for individuals when they have taxable income in accordance with the tax law. Taxpayers of personal income tax According to Article 2 of the PIT Law promulgated and amended in 2012, there are regulations on 2 subjects subject to personal income tax as…
What is a foreign company representative office? A foreign company representative office is an entity established by a foreign company in another country to represent the parent company (foreign company) in carrying out certain specific activities entrusted by the parent company. A representative office is not allowed to carry out direct business but it usually…
Conditions for private placement of shares Pursuant to Clause 1, Article 31 of the Law on Securities 2019 as follows: There is a decision of the General Meeting of Shareholders approving the plan to issue and use the proceeds from the offering; clearly define the criteria and number of investors; Participants in the offering only include strategic investors…
In the current challenging and difficult economic context, many businesses are in a state of financial crisis, insufficient budget to pay salaries to employees, make due payments as well as other financial obligations to the State. Faced with this situation, many businesses have been forced to carry out bankruptcy processes to protect the rights and interests…
Transfer of shares/contributed capital Medical work In case the Investor is a founding shareholder and holds ordinary shares, within 03 years from the date the company is granted the Enterprise Registration Certificate, the investor is free to transfer ordinary shares to other founding shareholders and may only transfer them to a person who is not a…
1. Concept According to Clause 21 Article 3 of the 2020 Investment Law, an economic organization is an organization established and operating in accordance with the provisions of Vietnamese law, including enterprises, cooperatives, cooperative unions and other organizations conducting business investment activities. From the above provisions, it can be understood that economic organizations must be…
Agricultural land use tax Does agricultural land have to pay tax? Agricultural land used for agricultural production must be taxed by organizations and individuals using such land (also collectively referred to as tax-paying households). In particular, in case of being assigned the right to use agricultural land but not using it, this household still has to…
Step 1: Verify company information Organizations and individuals acquiring the company before buying need to verify company information, specifically: Information about the company’s business activities ; Employee status, employee insurance; Tax information: Check the usage of invoices, input and output invoices; income of the company during operation, financial statements and other accounting documents…; Tax obligations of the…
What is an entry visa card? Vietnam entry visa (also known as entry visa) is a document issued by the competent authority of Vietnam, allowing foreigners to enter Vietnam for the purpose of tourism, investment, visiting relatives… Work visa This visa is for foreigners coming to Vietnam to work. Specific requirements and deadlines may vary from…
What is a business household? According to the laws of our country, business households are the contents specified in legal documents and sub-law documents. Business households are specified in Clause 1, Article 79 of Decree No. 01/2021/ND-CP with specific contents as follows: “A business household is established by an individual or household members and is responsible…
Conditions for listing shares Stipulated in Article 109 of Decree 155/2020/ND-CP, specifically: – Being a joint-stock company with charter capital contributed at the time of listing registration of VND 30 billion or more based on the most recent audited financial statements, and at the same time the capitalization value reaches at least VND 30 billion according to the…
