Pursuant to Article 4 of the 2020 Law on Enterprises: “A founding shareholder is an individual or organization that owns at least one common share and signs the list of founding shareholders of a joint stock company.”...View more
In order to achieve economies of scale, certain enterprises currently proceed to acquire part or all of the shares of another company, treating it as a subsidiary. This measure serves to enhance operational efficiency and expand the market share of the acquiring enterprise. The brand name of the acquired company may either be retained or changed, subject to the discretion of the acquiring entity....View more
The sanctioning measures for violations concerning the deadlines for tax registration, notification of temporary suspension of business operations, and early notification of business resumption are stipulated in Decree No. 125/2020/ND-CP...View more
Can the legal representative of a limited liability company with 2 or more members take personal assets and register for secured transactions when the company still owes taxes?...View more
Organizations and individuals doing business in tourist accommodation services have the right to voluntarily register to rank tourist accommodation establishments at a competent state agency. This means that floating hotel businesses have the right to self-register for star ratings for their tourist accommodation establishments....View more
