Login

Input your Username
Input your Password

Register

Input your Username
Input your Password
Input your Email
Input your Address
 Refresh
Input capcha above

SURVEY

Setting up a company (updating) / Enterprise types

Enterprise types (1/9/2018)

Enterprise types are there under Vietnamese law

Law on Enterprises provides following enterprise types: Limited liability company with two or more members, Single-member limited liability company joint stock companies, partnership and private enterprise.


A limited liability company with two or more members is an enterprise in which: (i) Members may be organizations or individuals; the number of members must not exceed 50; (ii) Members must be liable for the debts and other property obligations of the enterprise within the amount of capital contributed to the enterprise; (iii) The contributed capital amount of each member may only be transferred in limited cases as prescribed by the law.

A single-member limited liability company is an enterprise owned by one organization or individual (below referred to as company owner); the company owner must be liable for all debts and other property obligations of the company within the amount of the charter capital of the company.

A joint stock company is an enterprise in which: (i) The charter capital is divided into equal portions called shares; (ii) Shareholders may be organizations or individuals; the minimum number of shareholders is three and there is no restriction on the maximum number; (iii) Shareholders are liable for debts and other property obligations of the enterprise only within their amounts of capital contributed to the enterprise; (iv) Shareholders may freely assign their shares to other persons, expect in limited cases as prescribed by the law.

A partnership is an enterprise in which: (i) There must be at least 2 members being co-owners of the partnership who jointly conduct business under one common name (below referred to as general partners). Apart from general partners, the company may have limited partners; (ii) General partners must be individuals who are liable for the obligations of the partnership with all of their assets; (iii) Limited partners must only be liable for the debts of the partnership within the limit of the capital amount they have contributed to the partnership.

A private enterprise is an enterprise owned by an individual who is liable for all activities of the enterprise with all his/her assets.

Partners

prev next