Contributing housing as capital to run business in Vietnam

Hi DMS Lawyer in Vietnam! Could you advise me if an investor, a homeowner can use housing to contribute as capital (a capital contribution in kind) to run a business in Vietnam ? 

Hi!

Requirements, procedures for contributing housing as capital

A homeowner or an investor in the project on commercial housing construction is entitled to contribute housing as capital to run business in fields not prohibited by law. The contributing housing as capital must be made under an agreement prescribed in Article 121 of this Law.

The house contributed as capital must be an existing house and meet all requirements prescribed in Clause 1 Article 118 of this Law.

Contributing jointly- owned housing as capital

The contributing jointly-owned housing as capital must be agreed by all joint owners.

The joint owners may concurrently sign the agreement on contributing housing as capital or appoint in writing their representatives to sign the agreement on contributing housing as capital (Articles 150, 151 Law on Housing No. 65/2014/QH13 dated 11/25/2014).

Related topics:

May an overseas Vietnamese acquire houses associated with land use rights in Vietnam

Authorization to manage house, residential property in Vietnam

Can an FDI enterprise buy, own houses in Vietnam ?

Home ownership of foreign entities in Vietnam

Forms of land use applicable to a foreign invested company in Vietnam

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Contributing housing as capital to run business in Vietnam