Our collection of resources based on what we have learned on the ground
Resources
Q&A
Why would a company or representative office be dissolved in Vietnam and how lon...
- November 2013
- Free Access
There are various reasons to the dissolution of company or representative office – here is the list of most happened circumstances for companies: If the operation period stated in the company charter expires and not extended; If the legal o...
Q&A
What documents are needed to dissolve a company in Vietnam?
- November 2013
- Free Access
The owner of the company will need to issue a statement of the decision of dissolution, which must include: Company name; Head office address; Business registration number; Reason(s) for dissolution; Deadlines and procedures to work out the li...
Q&A
How should the company debts be settled in order to dissolve my company?
- November 2013
- Free Access
The company shall set up meeting to liquidate its assets. The subsequent minute of such meeting shall be comprised of: The time and place of the meeting; The establishment of the liquidation team; The complete list of assets owned by this compan...
Q&A
How to close a VIetnamese company that is registered with an import-export tax c...
- November 2013
- Free Access
The import-export tax code must be closed when the company is dissolved. Dissolution of company must follow the standard procedures, which may take around six months. During the dissolution of the company, a letter to the General Department of ...
Q&A
What steps are to be followed to close the import-export tax code after the lett...
- November 2013
- Free Access
The following steps are recommended: Destroy any financial balance invoices (value-added tax and/or export invoices) that have yet been issued; Finalize any overdue taxes; Finalize the personal income taxes and corporate income taxes requirement...
Q&A
What is to be done with the company's Vietnamese bank account if the company is ...
- November 2013
- Free Access
The bank account must be closed in accordance to the policies of the bank, which the bank account was opened. If there is no bank account to the company, then an issuance of statement, detailing that the fact. Thereafter, the company will need to se...
Q&A
What should be done with the employee contracts after closing a Vietnamese compa...
- November 2013
- Free Access
The dissolving company must inform its employees of the decision of dissolution within a certain time period prior the termination of their labor contracts. The time period varies as follows: Indefinite term labor contracts – notice of at le...
Q&A
What steps are to follow to deal with the social insurance obligations of the em...
- November 2013
- Free Access
The employee social insurance obligations must be completed prior to the dissolution of the company. Documented evidence must be submitted to the social insurance and business/investment registration agencies. If there has never been any paym...
Q&A
What are needed to be done to close a Vietnamese company after settling the fina...
- November 2013
- Free Access
After settling the financial reports, bank accounts, contracts and employees benefits, the company, then, must submit a dossier to the Department of Planning and Investment to notify of its dissolution. DPI is the authority that handles and issues th...
Q&A
What are the consequences if the dissolution of the Vietnamese company is not co...
- November 2013
- Free Access
After the prescribed time period given to dissolve the company, the company will be deemed dissolved, and the business registration body will remove the company’s name from the company registry. In this case, the legal owners or representative...
Q&A
Can a Vietnamese company be closed by bankruptcy?
- November 2013
- Free Access
Yes. But there are prescribed venues for the application of bankruptcy, and consequently the dissolution.The venues are: The provincial-level People’s Court is responsible for handling bankruptcy application of companies that operate under t...
magazine
Der Große Steuervergleich für Asien 2014
- November 2013
- Members Access
Im Hinblick auf die geltende Steuergesetzgebung bestehen erhebliche Unterschiede zwischen den asiatischen Ländern. In dieser Ausgabe wollen wir Ihnen einen aktuellen Ãberblick über diejenigen Steuern liefern, die für ausländische Inves...
Enquire for more information about our services, and how we can help solve challenges for your organization
Contact Us