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Is it possible to establish an enterprise specialized in overseas remittances? What are the specific regulations and procedures? If other exchange agencies are linked to this enterprise, do they need to do any registration? (21/03)
Is it possible to establish an e Is it possible to establish an enterprise specialized in overseas remittances? What are the specific regulations and procedures? If other exchange agencies are linked to this enterprise, do they need to do any registration?   The service of overseas remittances or receiving and paying foreign curre...
We already have had the certificate of business registration. Can we supplement the industrial zone infrastructure business category? (21/03)
We already have had the certific We already have had the certificate of business registration. Can we supplement the industrial zone infrastructure business category? As regulated by the Enterprise Law effective as from January 1, 2000, the business of industrial zone infrastructure or investment in constructing and doing business on the...
Which commodities for export are in the tax-preferential category? (21/03)
Which commodities for export are Which commodities for export are in the tax-preferential category? The tax-preferential category is applied for commodities exported from Vietnam is as follows: According to Article 6 of the Decree No. 16/1999/ND-CP dated March 27, 1999, regulations on customs procedures, customs supervision, and customs...
How do foreigners apply for a permanent residence card? (21/03)
How do foreigners apply for a pe How do foreigners apply for a permanent residence card?  The Article 13 of Ordinance 24/2000/PL-UBTVQH10 dated April 28, 2000, on immigration and residence of foreigners in Vietnam is as follows: 1) Foreigners who are residing in Vietnam in the following conditions will be considered for perma...
What about a labor permit for foreigners in Vietnam? (21/03)
What about a labor permit for fo What about a labor permit for foreigners in Vietnam? Item 3, Article 1 of Decree No. 169/1999/ND-CP dated December 3, 1999, by the Government on issuing labor permits for foreigners working at enterprises and other economic organizations in Vietnam states that the foreign laborer must possess a un...
Can overseas Vietnamese members appoint foreigners to be company director (general director)? (21/03)
Can overseas Vietnamese members Can overseas Vietnamese members appoint foreigners to be company director (general director)? If the chairman of the member council is an overseas Vietnamese, he or she can appoint the general director who is foreign on behalf of the member council as agreed in the decision at the member council meet...
What are the regulations on capital contribution of foreigners to limited liability and share-holding companies? (21/03)
What are the regulations on capi What are the regulations on capital contribution of foreigners to limited liability and share-holding companies? Foreigners who want to invest capital in a business (or to be a shareholder) must: - Possess a permanent residence card. In this case they can contribute capital or buy shares without limit...
What documents regulate the company seal? (21/03)
What documents regulate the comp What documents regulate the company seal? At present, the documents regulating the management of business seals are: - Decree 62/CP dated September 22, 1993, by the Government regulating the management and use of seals. - Interministerial Circular No. 32/TT-LB dated December 30, 1993, by the Ministry...
Procedures of share issuance? Specific conditions? (21/03)
Procedures of share issuance Procedures of share issuance? Specific conditions? Shares are a form of securities. The issuance of shares when establishing a share-holding company is regulated in Decree No. 48/1998/ND-CP dated July 11, 1998, by the Government on stocks and the stock market. Therefore, according to Item 6 of Decree No. ...
Can a Vietnamese limited liability company sign economic contracts with the representative office of a foreign company? (21/03)
Can a Vietnamese limited liabili Can a Vietnamese limited liability company sign economic contracts with the representative office of a foreign company? According to Article 2 of the Economic Contract Law approved by the National Assembly on May 10, 1997, economic contracts can be signed by the following parties: - Legal party with l...
What are freely convertible foreign currencies? Can freely convertible foreign currencies join the capital of limited liability companies? (09/03)
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Tax refunds are part of businesses' capital  (09/03)
In Vietnam, a tax refund involves only value-added tax (VAT); and this tax has two aspects: the tax payable is the added-value portion and the tax to be refunded is part of businesses' capital. In reality, VAT payment is easy but getting the VAT refund is difficult.
How to determine taxable income? (09/03)
Can a business deduct the social and health insurance fees from staff members' salaries when it determines their taxable income?
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