A company in Vietnam shall have at least one legal representative according to the Law on Enterprises of Vietnam. As defined by the Law on Enterprises of Vietnam, the legal representative is the person that, on behalf of the enterprise, exercises and performs the rights and obligations derived from the enterprise’s transactions, acts as the plaintiff, defendant or person with relevant interests and duties before in court
Malaysia is now seen by many as a perfect gateway to ASEAN and beyond because it is strategically located at the centre of South-East Asia and surrounded by many ASEAN countries - offering market access of over 650 million people with a combined GDP of US$3.2 trillion. The average combined GDP of the ASEAN countries is expected to grow by 5.2% in 2022 and 5.3% in 2023.
A foreign invested enterprise (FIE) in the form of a limited liability company is the most common investment vehicle in Vietnam amongst foreign investors. The term of company or foreign invested enterprise mentioned below refer specifically to a limited liability company. There are no minimum charter capital requirements for establishing a foreign invested enterprise, except for some specific sectors (e.g., banking, real estate, aviation etc.).
A foreign company may carry on business in Malaysia by either incorporating as a local company or registering the foreign company with the Companies Commission of Malaysia (CCM). As a branch office is an extension of its parent company and it will not be viewed as a separate legal entity from the foreign company it represents, therefore its name must be identical to the foreign parent company and the business activities that it can conduct is limited to that of its parent company.
After a private company is successfully incorporated in Malaysia, it is crucial for the directors of the company to understand the post incorporation and annual statutory compliance requirements in accordance with the Malaysian Companies Act 2016 (CA 2016).
Limited Liability Partnership (LLP) is an alternative business vehicle offering a hybrid of characteristics between conventional partnership and a company governed by the Limited Liability Partnerships Act 2012 (LLP Act 2012). Its special features are that of a conventional partnership in terms of the flexibility in its administration and a company in terms of the limited liability status conferred to its partners.
According to the new Law on Investment, which came into force on 1 January 2021, Vietnam adopts a negative list approach to identify, on an exception basis, all business sectors to which market access are limited or excluded for foreign investors. Any business sectors that are not specifically included in the list will be open to foreign investors under the same market access conditions as Vietnamese investors.
The Constitution of a company may provide that all further issues of shares be offered to the existing shareholders pro rata to the existing equity holdings. The shareholders are said to have pre-emption rights. If the shares are issued at discounted price to the existing shareholders, such an offer is called rights issue, however, in the case of bonus issue, the shareholders get the shares for free.
How to properly name a business in Vietnam is one of the concerns that many people pay attention to in the process of registering a company. Because the company name is not arbitrary, but needs to comply with some laws and regulations in Vietnam.
Cambodia Private Limited Company,Entitled to perform business activities within its business scope, such as sale, purchase of goods, services, and manufacturing.The minimum registered capital is USD1,000.ADCE must be submitted on the annual basis.It is required to pay monthly contribution to NSFF on the behalf of the employees.