Corporate spin-off in Vietnam

Corporate spin-off in Vietnam

Hi DMS Law office in Vietnam! Could you advise me about corporate spin-off in Vietnam ? 

Hi!

Corporate spin-off: 

Limited liability companies and shareholding companies may spin off by transferring part of the assets, rights and obligations of the existing company (the parent company) to establish one or more new limited liability companies or shareholding companies (the newly spun-off company) without terminating the existence of the existing (parent) company.

The corporate spin-off may be implemented by one of the following methods:

- Part of capital contribution or shares of members or shareholders together with assets corresponding to the value of capital contribution or shares shall be transferred to new companies in accordance with the percentage of ownership in the existing (parent) company and corresponding to the value of assets transferred to new companies;

- All of capital contribution or shares of one or more members or shareholders together with assets corresponding to the value of their shares or capital contribution shall be transferred to new companies;

- Combination of two cases in Points a, b of this Clause.

The existing (parent) company must register any change to the charter capital and the number of members corresponding to their shares of capital contribution or shares and the number of members reduced, and at the same time, implement enterprise registration for new companies (Clauses 1, 2, 3 Article 193 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).

Related topics:

Acquisition of an enterprise, buying a business in Da Nang

Consolidation vs. Merger of companies

Consulting services:

Phone: 0914 165 703 or email: dmslawfirm@gmail.com

Corporate spin-off in Vietnam

Prepared by:
Thi-Ha Nguyen, ACCA
DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son

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