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Operation of Foreign-invested Joint-stock Companies | |
Operation of Foreign-invested Jo
Operation
of Foreign-invested Joint-stock Companies
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According to
Government Decree 38/2003/ND-CP dated April 15, 2003, foreign-invested
joint-stock companies must have at least one foreign founding
shareholder. The total shares of the foreign founding shareholder(s)
must be equivalent to at least 30% of the legal capital over the whole
process of operation of the companies.
Shareholders will only be responsible for liabilities and other
financial obligations corresponding to their capital contributions to
the joint stock companies.
Shareholders in foreign-invested joint-stock companies may be entities
or individuals. The minimum number of shareholders is three. There is no
limit to the maximum number. The shareholders can transfer their shares.
Foreign shareholders can participate in the management of
foreign-invested joint stock companies.
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