enterprise law 2020 (TA)

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enterprise law 2020 (TA)

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th

enterprise law 2020 (TA)he Constitution of the Socialist Republic of Vietnam;The National Assembly promulgates the Law on Enterprises.Chapter IGENERAL PROVISIONSArticle 1. Sc

opeThis Law provides for establishment, management, reorganization, dissolution and relevant activities of enterprises, including limited liability co enterprise law 2020 (TA)

mpanies, joint stock companies, partnerships and sole proprietorships: groups of companies.Article 2. Regulated entities1.Enterprises.2.Organizations

enterprise law 2020 (TA)

and individuals relevant to establishment, management, reorganization, dissolution and relevant activities of enterprises.Article 3. Application of th

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th

enterprise law 2020 (TA)ctivities of special enterprises, regulations of these laws shall apply.Article 4. DefinitionsFor the purpose of this document, the terms below are co

nstrued as follows:1.“copy” means a copy extracted from master register or a copy that has been certified by a competent organization or compared to t enterprise law 2020 (TA)

he original document.2.“foreigner” means a person who has a foreign nationality according to his/her documents.3.“shareholder" means the individual or

enterprise law 2020 (TA)

organization that holds at least a share of a joint stock company.4.“founding shareholder" means a shareholder that holds at least an ordinary' share

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th

enterprise law 2020 (TA)in cash or other assets.6.A “company" can be a limited liability company, joint stock company or partnership.7.A “limited liability company” can be a

single-member limited liability company or multiplemember limited liability company.8.“National Enterprise Registration Portal” means a web portal use enterprise law 2020 (TA)

d for enterprise registration and access and publishing of enterprise registration.9.“national enterprise registration database" means the collection

enterprise law 2020 (TA)

of nationwide enterprise registration data.10.“enterprise" means an organization that has a proper name, assets, premises, is established or registere

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th

enterprise law 2020 (TA)ch is held by the State as prescribed in Article 88 of this Law.12.A “Vietnamese enterprise” means an enterprise that is registered in accordance with

Vietnam’s law and has its headquarters located within Vietnam.13.“mailing address” means the address registered as the headquarters of an organizatio enterprise law 2020 (TA)

n; the permanent residence, working place or another address of an individual that is registered as mailing address with an enterprise.14.“market valu

enterprise law 2020 (TA)

e” of a stake or share means the price at which the stake or share is traded on the market at the nearest time, the price agreed on by the buyer and t

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th

enterprise law 2020 (TA)ring enterprise registration information provided for the enterprise by a business registration authority.16.“legal documents” of an individual includ

e the ID card (old or new format), passport and other legal personal identification documents.17.“legal documents” of an enterprise include the Establ enterprise law 2020 (TA)

ishment Decision, Certificate of Enterprise Registration and equivalent documents.18.“capital contribution” means the contribution of capital as chart

enterprise law 2020 (TA)

er capital to establish a new company or contribution of additional capital to an existing company.

NATIONAL ASSEMBLYNo. 59/2020/QH14SOC IALIST REPUBLIC OF VIETNAM Independence - Freedom - HappinessHanoi, June Ỉ 7,2020LAW ON ENTERPRISESPursuant IO th