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Business "How to?"Monday, 03/21/2005, 03:57

What are the regulations on capital contribution of foreigners to limited liability and share-holding companies?

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 limitation, participate in business and enjoy all the interests as Vietnamese citizens.
- If the foreigner does not have a permanent residence card, according to Item 3, Article 5 of Decree 51/1999/ND
-CP by the Government, Decision 145/1999/QD
-TTg and the attached implementation promulgation approved by the Prime Minister, and Official Letter No. 3959/BKH/DN by the Ministry of Planning and Investment, he or she can join capital in business but not more than 30% of the legal capital of the Vietnamese company dealing in the following fields:

1- Textiles and garments
2- Shoe production
3- Hide processing
4- Production and processing agriculture, forest and fisheries products
5- Production of other kinds of consumer goods
6- Production of construction materials
7- Roadway transport, internal waterway, transporting goods in containers
8- Production of stationery and school appliances
9- Production of toys
10- Commerce, service and hotel
11- Production of mechanical products
12- Businesses that produce the aforementioned commodities for export.
 

 


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