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Setting up a business in Hoi An, Vietnam.

Dear DBLegal Law Firm in Da Nang, Viet Nam. I am a foreigner that lives in Hoi An, Vietnam. I am considering to set up a new enterprise in HoiAn, Vietnam with the form of business being Joint- Stock Company. But I am still not having a clear understanding about this form. Please help to give advice on this matter.

Answer:

Thank you for choosing DBLegal, Law Firm in Da Nang, Viet Nam.

Our answer is as follow:

A joint-stock company is a company in which the charter capital is split into multiple units of equal value called shares.
Under Vietnamese law, this is the only type of company that can issue shares.
A joint-stock company is required to have at least three shareholders. There is no limit on the maximum number of shareholders in such companies. The governance of a joint-stock company includes the general meeting of  shareholders, the board of management, the chairman of the board of management, the general director and a board of supervisors (where the joint stock company has at least 11 shareholders, or if a corporate shareholders holds more than 50% of the shares of the joint-stock company).
A joint-stock company may either be 100% foreign-owned or may take the form of a joint venture between both foreign and domestic investors.

 

 

“DB Legal is a full legal service law firm in Da Nang, Viet Nam. Our Lawyers bring enormous legal experience for both local and foreign parties in Central Viet Nam, mainly areas in Da Nang, Hoi An, Nha Trang, Hue, Quy Nhon ,etc.

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