Law on Enterprise in Vietnam No. 68/2014/QH13 dated November 26, 2014 takes effect on July 01, 2015 (Replaces for the Law on Enterprise in Vietnam No. 60/2005/QH11 dated November 29, 2005 and the Law on Enterprise in Vietnam No. 37/2013/QH13 dated June, 2013), contains many new provisions in order to create favourable environment for investment, business activities that are in line with international common practice, such as: an enterprise might choose to appoint one or multiple legal representative (Article 13), a shareholding company in Vietnam (joint-stock company in Vietnam) might choose either of the two organization, management structures (Article 134), allows to choose cumulative voting (Article 144), enterprise code also serves as the enterprise tax code (Article 30),  Business Licence in Vietnam (Business Registration Certificate in Vietnam) does only state four contents (Article 29), an enterprise has the right to determine the form, quantity and content of the company common seal (Article 44), foreign investors who want to set up an enterprise in Vietnam must be issued an Investment Licence in Vietnam (Investment Registration Certificate in Vietnam) prior to establishing the enterprise in accordance with regulations of the Law on Enterprise in Vietnam (Articles 21, 22 and 23), abolish provision about general shareholders’ meeting directly elects the chairman of the  board of directors (Article 152), does not require companies of the same categories would be allowed to be merged, integrated, split, dividing (Chapter IX), cases lead to withdrawal of Business Licence in Vietnam (Article 211), State-owned Enterprise (Chapter IV), Social Enterprise in Vietnam (Article 10) and many other provisions

DMS Law office in Vietnam advises on Law on enterprise in Vietnam with the following ranges: 

Set-up company in Vietnam

Establishing an enterprise Vietnam 

Changing the registered content of an enterprise in Vietnam

Setup an enterprise in Vietnam 

Establishing a credit institution in Vietnam

Establishing a branch, representative office, business location in Vietnam 

Re-organising activities: purchase, sale, spin-off, merger & acquisition, changing of company in Vietnam

Temporarily suspending operations of a company in Vietnam  

Liquidating a company in Vietnam 

Company bankruptcy procedures in Vietnam 

Solely owned limited liability company in Vietnam (one member LLC) 

Two members limited liability company in Vietnam (two members LLC) 

Shareholding company in Vietnam 

Partnership company in Vietnam 

Sole proprietorship company in Vietnam 

Group: Corporation, Parent-Subsidiaries in Vietnam

To advise about Law on enterprises 2014 

Ministry of Planning and Investment of Vietnam

DMS Law office in Vietnam, with lawyers who have an in-depth understanding of Law on Enterprise in Vietnam, with 16 to 20 years of experience in management consulting for super small, small, medium enterprises as well as large groups, economic corporations, foreign invested enterprise in Vietnam, multinational companies in Vietnam.

Further, our Lawyers also focus on consulting in Laws closely relating to enterprises, such as: Law on Tax Management in Vietnam, Law on Value Added Tax in Vietnam (VAT), Law on Special Consumption Tax, Law on Corporate Income Tax (CIT), Law on Personal Income Tax (PIT), Law on Foreign Contractor Tax (FCT), The Labour Code in Vietnam, Law on Social Insurance and specialised law for each type of enterprise in Vietnam./.