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What benefits the investors to start an LLC in Vietnam?

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Vietnam is quickly emerging as a top destination for investment and business opportunities. To  start an LLC in Vietnam  is a great way for investors to capitalize on these opportunities while taking advantage of the country’s favorable legal and economic environment. What is LLC in Vietnam? Limited Liability Company (LLC) is a legal business structure regulated under Vietnam Law. It is one of the common forms of  doing business in Vietnam . It is formed by two or more members, and the liability of each member for the debt and obligations of the company is limited to the amount of the contribution. Members are also not personally liable for any other debts of the company. As an LLC, the company has limited liability and centralized management, which allows it to focus on business operations without the complexity of corporate governance issues. If the investors later consider to raise capital, they would need to convert the LLC into joint stock company so as they could is...

What Are Required Documents to Set up Limited Liability Company in Vietnam?

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  When doing business in Vietnam, the business people find benefits to set up company as a separate legal entity for various purposes i.e. to have an entity to sign contract, open bank account, hire personnel and pay them properly, and to deduct expenses for tax optimization. The most popular form is to  set up limited liability company in Vietnam  (LLC). Dossiers to Set up Limited Liability Company in Vietnam -Application for business registration according to a uniform form prescribed by the competent business registration agency. -Draft of Company’s charter -List of members and accompanying documents below: For individual members: copy of ID card, passport or other legal personal identification For members that are organizations: copy of the Establishment Decision, Business Registration Certificate or other equivalent documents of the organization; Authorization document, ID card, passport or other legal personal identification of the authorized representative. For mem...

Set up Limited Liability Company in Vietnam

Limited Liability Company is a form of enterprise which is established by contributing of members. A member shall be liable for the debts and other property obligations of the enterprise within the amount of capital that he/she has undertaken to contribute to the company. Limited liability companies are regulated by two types: One member Limited Liability Company is an enterprise owned by one organization or individual; Limited Liability Company with two or more members is an enterprise owned by organizations or individuals, in which the number of members shall not less than two members and not exceed fifty. Organizational and management structure of Limited Liability Company normally comprise of a Member’s Council, General Director or Director. A limited-liability company established by foreign investors may take the form of either: 100% foreign-owned enterprise (where all members are foreign investors); or; Foreign-invested joint-venture enterprise between foreign investors and at ...