Contributing housing as capital to run business in Vietnam

DMS Lawyers in Danang, Vietnam advise about if an investor, a homeowner can use housing to contribute as capital (a capital contribution in kind) to run a business in Vietnam ? 

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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Phone: 0914 165 703 

Email: dmslawfirm@gmail.com

DMS LAW LLC
Director
(Signed)
Lawyer Do Minh Son