ANT Lawyers works with corporate and individual clients from across the sectors and offers a true spectrum of legal expertise, both contentious and non-contentious. The range of our experience enables us to advise on various matters from the precedent-setting to the purely procedural.

The common thread in everything we do is our ability to combine both commercial and legal perspectives. This means our clients can rest assured that, whatever the case or transaction, our lawyers have the experience to deliver legal advice and service that works in a commercial context.

Our English speaking lawyers in Ho Chi Minh City offer client with particular services that guide clients throughout investment, commercial transaction, M&A, civil transaction, property sales and purchase, IP registration, and dispute resolution procedures.

Please contact us to book your time in advanced to let us provide our best service.

Call our office at (+84) 28 730 86 529 , talk directly to our partner at +84 912 817 823, send us email ant@antlawyers.vn or visit our law firms in Ho Chi Minh City at ANT Lawyers HCMC Branch, 7th Floor, Me Linh Point Tower, 2 Ngo Duc Ke Str., District 1, HCMC.

Let ANT Lawyers help your business in Vietnam.

Nguồn: https://antlawyers.vn/about-us/our-offices/law-firms-in-ho-chi-minh-city

I. What are the major challenges with closing a business in Vietnam?

The main thing to remember throughout the process is that the dissolving company, a branch office or a representative office, one should pay close attention to the involvement of all key stakeholders, i.e. the employees, customers, creditors, business partners and relevant authorities.

The following are key information to gather for thorough analysis

II. What does the dissolution process involve?

Once an analysis has been through, the next procedures mostly deal with reporting and processsubmitting the relevant documents to the various regulatories and tax authorities at each step of the , terminating contracts, liquidating assets and settling liabilities, and general administrative work such as returning the corporate seal, registration certificates, and having the company’s name removed from the system of the license authorities.

III) How to prepare document to close a business in Vietnam?

1. Documents submitted to the licensing authority in Vietnam:

    a. Liquidation notice of enterprise;

   b. Minutes of the meeting of Management Board / Board of Directors decided on the dissolution of enterprises;

    c. The company’s decision on liquidation;

    d. Report on enterprise asset liquidation;

    e. The list of creditors and the paid debt;

    f. Documents evidencing that enterprise has fulfilled all of its tax;

    g. Confirmation on social insurance for employees after the dissolution decision;

    h. The seal and certificate of seal sample registration.

2. Documents submitted to the tax authority in Vietnam:

    a. Liquidation notice of enterprise;

    b. Minutes of the meeting of Management Board / Board of Directors decided on the dissolution of enterprises;

    c. The company’s decision on dissolution;

    d. Audit reports and tax settlements;

    e. The financial statements for the year to date the decision on dissolution;

    f. The company’s tax liabilities audited by tax authority;

    g. Verification of tax obligations of the enterprise.

Closing a business in Vietnam might be a lengthy process and more complicated than setting up a company in Vietnam. Sometimes, it is important to make a decision to exit and start a new venture. As a law firm in Vietnam, we do assist clients to close the business, exit the investment and deal with pending issues with licensing authorities including department of planning and investment, department of labour, tax bureau and others.

Nguồn: https://antlawyers.vn/legal-service/how-to-close-a-business-in-vietnam.html