Type of enterprise under the law of Vietnam
When starting a business in Vietnam, apart from developing a marketing strategy, hiring staff and raising money, one essential thing to do is to choose a proper legal entity that works well for their business, solves tax issues, provides liability protection for owners as well. There are several entities for founders to select from when launching a business in Vietnam. According to the Investment Law 2020, foreign investors can invest in Vietnam through the following forms: establishing legal entities; capital contribution, share/stakes purchase; BCC contract; implementing investment projects and investing in new forms according to the Government’s regulations. For the establishing legal entities options, the foreign investors need to choose a suitable legal entity type. According to the Enterprise Law 2020, there are 05 types of legal entities in Vietnam, which include: Sole proprietorship Partnerships Joint-stock companies Single-member limited liability companies Multi-member limite...