Profit remittance abroad by foreign investors in Vietnam – Legal regulations & procedures (Latest update)

PROFIT REMITTANCE ABROAD

“Profit remittance abroad” is among the most important issues for foreign investors when investing in Vietnam. Failure to comply with applicable regulations may result in tax clawbacks, administrative sanctions, or the rejection of remittances by commercial banks. When an investment project begins generating profits, foreign investors often ask: When can profits be remitted abroad? How…

Foreign loan application procedure

Foreign loan application procedure

Foreign loan registration is no longer a strange procedure for both businesses and investors. During the course of project operation/implementation, the Enterprise/Investor may incur additional costs in excess of the contributed capital amount. At this time, businesses can choose to borrow from abroad to have more capital to implement investment projects. However, foreign loans are…

Assets contributed as capital when establishing a business

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In business establishment activities, capital contribution is a mandatory obligation that investors must perform in accordance with the law. According to the concept in Clause 18, Article 4 of the Enterprise Law 2020, “Capital contribution is the contribution of assets to form the charter capital of the company, including capital contribution to establish the company…

Change of charter capital when not fulfilling the obligation to contribute capital in a limited company

Change of charter capital when not fulfilling the obligation to contribute capital in a limited company

According to the current enterprise law, the time limit for capital contributors and owners to fulfill the obligation to contribute capital to a limited liability company is defined as within 90 days from the date of issuance of the Certificate. get business registration. Accordingly, depending on the provisions of the company’s charter, the time limit…

Conditional business lines

Conditional business lines

After joining the WTO, Vietnam has made significant changes in expanding business lines to attract investment. However, according to current legal regulations, there are still business lines that require certain conditions. This is an important content to pay attention to when preparing to establish a business or expand business activities. Within the scope of this…

Corporate governance when the chairman of the board of directors of a public company is detained

Corporate governance when the chairman of the board of directors of a public company is detained

Recent cases related to the arrest and detention of the chairman of the Board of Directors of listed companies are the focus of attention from the public and investors. From this issue, many legal issues arise. And one of the notable legal issues is how the legal issues of corporate governance will be resolved. Pursuant…

Foreign workers are not subject to work permits

Foreign workers are not subject to work permits

Different from domestic workers, foreign workers working in Vietnam have certain conditions and limitations. In which, having a work permit is a prerequisite that foreign workers must comply with. However, not all cases of foreign workers working in Vietnam require a permit. In order to facilitate and attract labor as well as investment capital, the…

Procedures for applying for a license to retail tobacco products

Procedures for applying for a license to retail tobacco products 1

1. Legal basis2. Tobacco retail conditions3. Competence, order and procedures for granting licenses to retail tobacco products4. Dossier to prepare 1. Legal basis Law No. 09/2012/QH13 on Tobacco Harm Prevention and Control, promulgated on June 18, 2012; Decree 67/2013/ND-CP detailing a number of measures to implement the law on prevention and control of tobacco harms…