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New Rules on Hiring Foreigners in Vietnam
According to the Decree No. 70/2023/ND-CP which came into force from 18 September 2023, the major changes on hiring foreigners in Vietnam are as follows. According to the Decree No. 70/2023/ND-CP, foreign expert work permit applicants shall have at least a bachelor’s degree or equivalent and 3 years of working experience. Technician work permit applicants shall have at least 1 year of training and 3 years of working experience.
Legal Representative of a Vietnam Company
According to the Law on Enterprises of Vietnam, a Vietnam company shall appoint at least one legal representative. The legal representative usually concurrently holds the poison of the chairman of the board of directors, president, director, or general director, depending on the organization structure of the company.
Basic Certificates Required for Establishing a FIE in Vietnam
In most cases, the first step to set up a foreign invested enterprise (FIE) in Vietnam is to apply for and obtain an Investment Registration Certificate (IRC) from the competent authority of the location where the investment project will be based. According to the Law on Investment of Vietnam, the Investment Registration Certificate is required for enterprises
Guide to Setting up of Representative Office/Regional Office in Malaysia
Expanding business operations internationally can be an exciting challenge, and Malaysia’s strategic location, growing economy and tax incentives presents itself as an attractive destination for foreign companies looking to establish a presence in Southeast Asia. One common approach to enter the Malaysian market is through the establishment of a Representative Office/ Regional Office.
Statutory Audit Requirement in Cambodia
The following types of business entities are obligated to be independently audited for each financial period in accordance with the relevant laws and regulations of Cambodia. Public enterprises. Enterprises with public accountabilities, for example, banks insurances and those that have debt instruments traded in the domestic or international stock market.
Beneficial Ownership Disclosure of a Malaysia Company
BOs are always natural persons who ultimately own or control a legal entity or arrangement. Section 2 of the Companies Act 2016 (CA 2016) defines BO as the ultimate owner of the shares and does not include a nominee of any description. The definition of BO must also be read together with Section 8 of the CA 2016.
Regulatory Compliance for the Manufacturing Industry in Malaysia
The Industrial Coordination Act, 1975 (ICA 1975) governs Malaysia’s industrial sector. Companies that are or plan to be active in the manufacturing business must comply with the regulations mandated by the ICA 1975. The ICA 1975 defines manufacturing activity as “the making, altering, blending, ornamenting, finishing or otherwise treating or adapting any article or substance with a view to its use, sale, transport
A Brief Introduction to EPE in Vietnam
Vietnam's export processing enterprises (EPEs) refer to enterprises that are established in Vietnam's export processing zones, industrial zones or economic zones and specialize in the production and processing of export products. If an export processing enterprise (EPE) fails to satisfy the customs supervision requirements within one year from the date of incorporation
Apply For Food Hygiene and Safety License in Vietnam
Enterprises that operate or produce food must have a food hygiene and safety license. This is a certificate issued by the state authorities to enterprises dealing in or producing food. The main purpose is to prove that the enterprise has fully complied with the necessary conditions for food safety and hygiene.
Malaysia Travel Agency License Application Guide
Tour operating business (Inbound and Outbound) means any business of providing all or any of the following services: Arranging for sale or commission any transportation, accommodation, tour services or any other incidental services for tourists within or outside Malaysia;Organising or conducting for sale or commission inbound or outbound tours; Providing conveyances for hire to tourists;