Who can be members of a multi-member LLC in Vietnam ?

Hi DMS Attorney in Vietnam! I and my friends intend to set up a multi-member LLC. Could you advise me about members of a company ? Who can be members of a multi-member LLC in Vietnam? Is there any restriction to the number of members of an LLC ? 

Hi!

Member of a company:

Member of a company means an individual or organization holding part or all of the charter capital of a limited liability company (Clause 23 Article 4 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).

Limited liability companies with two or more members:

A limited liability company with two or more members is an enterprise in which:

A member may be an organization or an individual; the number of members shall not exceed fifty;

A member shall be liable for the debts and other property obligations of the enterprise to the extent of the amount of capital contributed to the enterprise, except for the case stipulated in Clause 4 Article 48 of this Law;

The share of capital contribution of each member may only be assigned in accordance with Articles 52, 53 and 54 of this Law (Clause 1 Article 47 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).

Related topics:

Set up LLC with two or more members in Vietnam, with capital contributed by foreign investors

Set up 100% FDI company in Vietnam in the form of a single member LLC

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Who can be members of a multi-member LLC in Vietnam ?