Conversion of shareholding companies into limited liability companies
Hi DMS Attorneys in Vietnam! Could you advise me if a shareholding company can be converted into a limited liability company in Vietnam ?
Hi!
Conversion of shareholding companies into one member limited liability companies:
A shareholding company may be converted into a one member limited liability company by the following methods:
One shareholder receives an assignment of the entire corresponding shares or capital contribution of all remaining shareholders;
One organization or individual not being a shareholder receives an assignment of the entire shares of all shareholders of the company;
The company still has only one shareholder after expiry of the time-limit in which the
minimum number of shareholders of a shareholding company is required in accordance with Article 110 of this Law (Clause 1 Article 197 Law on Enterprises No. 68/2014/QH13 dated 11/26/2014).
Conversion of shareholding companies into limited liability companies with two or more members:
A shareholding company may be converted into a limited liability company by the following methods:
It shall be converted into a limited liability company without raising additional capital from or assigning shares to other organizations or individuals;
It shall be converted into a limited liability company at the same time as it raises contributed capital from other organizations or individuals;
It shall be converted into a limited liability company at the same time as it assigns all or part of shares to other capital contributing organizations or individuals;
It shall be converted into a limited liability company by way of combination of the methods stipulated in Points (a), (b) and (c) of this Clause (Clause 1 Article 198 Law on Enterprises No. 68/2014/QH13 dated 11/26/2014).
Related topics:
Conversion of limited liability companies into shareholding companies
Services for conversion from an LLC to a shareholding company in Vietnam
Services for changing the type of a company in Da Nang
Services for conversion from a multi-member LLC to a single member LLC in Vietnam
Legal Consultancy:
Call: 0914 165 703 or Email: dmslawfirm@gmail.com
Conversion of a joint-stock company into an LLC
Prepared by: Thi-Ha Nguyen, Lawyer’s assistant | DMS Law firm in Vietnam Director (Signed) Lawyer Do Minh Son |
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