Nguyen Nhuan on LinkedIn: 🚀 Expanding Your Business to Vietnam? We’ve Got You Covered! 🌏 Vietnam… (2024)

An Overview of Business Laws in the United Arab EmiratesIntroduction:The United Arab Emirates (UAE) has emerged as a global business hub, attracting entrepreneurs and multinational corporations. Understanding the legal framework is crucial for success in this dynamic environment. This article provides a concise overview of key business laws in the UAE.1. *Company Formation and Ownership:*In the UAE, businesses can be established in various forms, including free zones and mainland jurisdictions. Foreign investors often choose free zones for full ownership and tax benefits, while mainland companies require a local partner with a minimum ownership stake.2. *Commercial Companies Law:*Governed by Federal Law No. 2 of 2015, the Commercial Companies Law outlines the regulations for companies operating in the UAE. It covers matters such as shareholder rights, corporate governance, and the formation of public and private joint-stock companies.3. *Labor Law:*The UAE Labor Law governs the employer-employee relationship, covering aspects like working hours, leave entitlements, termination procedures, and employee rights. Complying with these regulations is essential for maintaining a positive workplace environment.4. *Intellectual Property (IP) Laws:*Protecting intellectual property is crucial for businesses. The UAE has stringent IP laws to safeguard trademarks, patents, and copyrights. Entrepreneurs should register their IP to secure legal protection against infringement.5. *Taxation:*The UAE is known for its favorable tax environment. While there is no federal income tax for companies and individuals, some emirates have introduced value-added tax (VAT). Businesses must navigate these regulations to ensure compliance.6. *Commercial Transactions:*The UAE has a well-developed legal framework for commercial transactions. The Civil Transactions Law governs contracts and commercial transactions, emphasizing fairness and transparency.7. *Dispute Resolution:*The UAE offers various avenues for dispute resolution, including litigation, arbitration, and mediation. Understanding the mechanisms and choosing the right approach is vital for effective conflict resolution.8. *Cybercrime and Data Protection:*With the rise of digitalization, the UAE has implemented laws to combat cybercrime and protect personal data. Businesses must adhere to data protection regulations to maintain the trust of their clients and customers.Conclusion:Navigating the legal landscape in the UAE requires a thorough understanding of the diverse laws governing business activities. Entrepreneurs and corporations should prioritize legal compliance to thrive in this vibrant and competitive market. Staying informed about regulatory updates is key to ensuring long-term success in the Emirates' business ecosystem.

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🌏📈 "Unveiling the Secrets of Doing Business in China! 🇨🇳🔍Dive into the essential aspects of establishing and operating a business in China with our latest video guide from Zhong Lun Law Firm. This concise video provides an overview of the diverse business structures available to foreign investors in China:1. Wholly Foreign-Owned Enterprise (WFOE):Ideal for manufacturing, servicing, and trading.Offers more freedom in business activities and full ownership and management control.Challenges include minimum capital requirements for certain industries and a lengthy setup process.2. Joint Ventures (JV):Necessary for sectors requiring a local partner by law.Benefits include leveraging a partner’s resources.Drawbacks include shared profits, reduced management control, and risks in technology transfer and intellectual property (IP).3. Representative Offices (RO):Best for market research and liaising with overseas headquarters.The simplest foreign investment structure to establish but cannot invoice in RMB and faces staff hiring restrictions.Subject to high taxation on significant expenses.4. Foreign Invested Partnership (FIP):Permits both domestic and foreign ownership with a simpler setup.The general partner faces unlimited liability, and the structure’s novelty may present challenges in taxation or foreign exchange.5. Mergers and Acquisitions (M&A):Suitable for expanding presence without building from the ground up.Streamlines greenfield investment complexities but adheres to FDI restrictions, higher scrutiny, and possible post-merger integration issues.6. Variable Interest Entity (VIE):Facilitates access to sectors restricted or off-limits to foreign investment.Involves risks of contractual breaches and uncertain regulatory attitudes in China.This video is an introduction to the comprehensive legal services our experienced team at Zhong Lun Law Firm provides. For further information or assistance, please contact us at info@zhonglun.co.uk.

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Legal Alert: Key Updates on the Draft Companies (Foreign Companies) Regulations, 2024 Exciting news for foreign businesses looking to operate in Kenya! The Draft Companies (Foreign Companies) Regulations, 2024, have been introduced, offering a comprehensive framework for the registration, operation, and compliance of foreign companies. Here are some crucial highlights:Registration Requirements:Foreign companies must apply using Form FC-1 and pay the prescribed fees.Necessary documents include a notarized copy of the company’s certificate of incorporation and constitution (with English translation if required).Submit a notice of the company’s registered office hours in Kenya (Form FC-4).A certificate of compliance will be issued, stating the company's name and country of origin.Name Registration:If the original name is unavailable or a different name is preferred, registration under an alternative name is permitted (Form FC-2).Local Representative Appointment:A local representative who is a Kenyan citizen or a foreign resident with permanent residence in Kenya must be appointed, along with their personal details and a letter of appointment.Notices and Changes:File notices for cessation of the local representative, changes in directorship, amendments to the constitution or articles, and changes in address or business closure with the Registrar using the prescribed forms.Charges and Securities:Comply with Part XXXII of the Companies Act for the creation of charges by foreign companies, with detailed registration requirements in Kenya.Cessation and Dissolution:File notices of cessation of business in Kenya or dissolution/deregistration in the place of origin within one month after ceasing business, accompanied by the prescribed form and fees.Conclusion: The Draft Companies (Foreign Companies) Regulations, 2024, facilitate seamless business operations for foreign companies in Kenya, enhancing ease of doing business.I am well advanced in the Corporate and Commercial Business Unit and specializes in business setup advisory, registration, post-incorporation services, regulatory compliance, corporate governance, and contract drafting and review.For any queries, feel free to contact me at beatricemutahi58@gmail.com.Stay informed and compliant!

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jonews.ng | Latest Nigeria newsGov Buni signs new Yobe law establishing PPP agency Governor Mai Mala Buni signed into law on Thursday a bill for the establishment of the Yobe State Agency for Public-Private Partnerships and Investment Promotion, YAPPPIP.A statement by Shuaibu Abdullahi, the secretary to Yobe State Secretary to the State Government, said the agency’s purpose is to provide for the participation of the private sector in the financing, construction, development, operation, management, or maintenance of infrastructure or development projects of the government.Such participation includes concessions or other contractual arrangements such as Build-Operate-and-Transfer, BOT, Build-Own-Operate, BOO, Build-Own-Operate-and-Transfer, BOOT, Joint Development Agreement, JDA, Build-Operate-Transfer, BOT, and Design-Build-Own-Operate-and-Transfer DBOOT.According to the statement, the law, cited as “Yobe State Agency for Public Private Partnership and Investment Promotion Law 2023,” takes effect on December 28, 2023.“The law was conceived and passed in furtherance of the foresight and commitment of the administration of His Excellency, Mai Mala Buni, towards providing an efficient, fair, and transparent business environment for the private sector to thrive. With such a formidable legal framework, an equitable and level playing field has been enabled to accelerate the phase of Yobe State economic recovery and transformation through a safe inflow of local and foreign direct investments,” the statement added.The statement also disclosed that Governor Buni has signed two executive orders, namely, “Establishment of Grievance Redress Mechanism for Trade-Related Matters” and “Promotion of Transparency and Efficiency in the Business Environment,” to enhance the implementation of the business enabling reform action plans of the state.https://lnkd.in/ew2-rJyk#Uncategorized

Asia Business Law Journal proudly presents the Korea Outbound Investment Guide 2023.Thanks to K&L GatesStraits's Christopher Tan, Henry Kim & Edward Bennett in sharing the latest legal perspective in investment activities in Singapore. Click and view the insights now. #ablj #asia #koreaoutboundinvestment #singapore #kandlgatesstraits #investment #legaladvice #inhousecounsel #business #legalprofession #lawfirms #lawyers #legal #law #lawdotasia

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🏢 DOING BUSINESS IN VIETNAMREGISTER A COMPANY IN VIETNAMForeign direct investment (FDI) enterprise means an organization whose members or shareholders are foreign investors, established and operating in accordance with Vietnam’s laws that carry out business investment activities. Foreign investor means an individual holding a foreign nationality or an organization established under foreign laws and carrying out business investment activities in Vietnam.📑 GENERAL TERMS AND CONDITIONSThere are only business Law system for both local and foreigner investors to do business in Vietnam, deals with the establishment, organization, restructuring, dissolution, and relevant activities of enterprises, including limited liability companies, joint-stock companies, partnerships, sole proprietorships, and groups of enterprises.We would like to introduce to you four of key topics to know about the Business registration in Vietnam:▪️ General terms and conditions.▪️ Establishment procedures.▪️ Form of enterprises – advantages and disadvantages, how to choose your best form.▪️ Restructuring, dissolution, and bankruptcy of enterprises.It would be our pleasures to share with you for any query or question about the terms and conditions as well as practical cases which we have been experiencing since years 2000, where the first law on enterprise has allowed private sector to born and blooming.👉 Read more information: https://lnkd.in/dyKSKvyv----------------------VIVA is the local experts for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… regard to market entry service, required business compliance procedures by local laws and regulations since 2006.Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies from Japan, US, EU, Singapore, India, China, Korea…. in such industries: Garment, energy, pharma, advertising, agricultural…VIVA keeps its service signature by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.𝙑𝙄𝙑𝘼 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘾𝙤𝙣𝙨𝙪𝙡𝙩𝙞𝙣𝙜🏢 A. 12Th Floor, International Plaza Building, 343 Pham Ngu Lao Street, Pham Ngu Lao Ward, District 1, HCMC🏢 O.17Th Floor, Prime Centre Building, 53 Quang Trung St, Nguyen Du Ward,Hai Ba Trung District, Ha Noi City☎️ Call center: 18001243📩 leads@vivabcs.com.vn#VIVA_Business_Consulting #HoChiMinhCity #district1

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🏢 DOING BUSINESS IN VIETNAMREGISTER A COMPANY IN VIETNAMForeign direct investment (FDI) enterprise means an organization whose members or shareholders are foreign investors, established and operating in accordance with Vietnam’s laws that carry out business investment activities. Foreign investor means an individual holding a foreign nationality or an organization established under foreign laws and carrying out business investment activities in Vietnam.📑 GENERAL TERMS AND CONDITIONSThere are only business Law system for both local and foreigner investors to do business in Vietnam, deals with the establishment, organization, restructuring, dissolution, and relevant activities of enterprises, including limited liability companies, joint-stock companies, partnerships, sole proprietorships, and groups of enterprises.We would like to introduce to you four of key topics to know about the Business registration in Vietnam:▪️ General terms and conditions.▪️ Establishment procedures.▪️ Form of enterprises – advantages and disadvantages, how to choose your best form.▪️ Restructuring, dissolution, and bankruptcy of enterprises.It would be our pleasures to share with you for any query or question about the terms and conditions as well as practical cases which we have been experiencing since years 2000, where the first law on enterprise has allowed private sector to born and blooming.👉 Read more information: https://lnkd.in/du4VMV-n----------------------VIVA is the local experts for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… regard to market entry service, required business compliance procedures by local laws and regulations since 2006.Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies from Japan, US, EU, Singapore, India, China, Korea…. in such industries: Garment, energy, pharma, advertising, agricultural…VIVA keeps its service signature by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.𝙑𝙄𝙑𝘼 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘾𝙤𝙣𝙨𝙪𝙡𝙩𝙞𝙣𝙜🏢 A. 12Th Floor, International Plaza Building, 343 Pham Ngu Lao Street, Pham Ngu Lao Ward, District 1, HCMC🏢 O.17Th Floor, Prime Centre Building, 53 Quang Trung St, Nguyen Du Ward,Hai Ba Trung District, Ha Noi City☎️ Call center: 18001243📩 leads@vivabcs.com.vn#VIVA_Business_Consulting #HoChiMinhCity #district1

Business registration in Vietnam is a mandatory step for any entity looking to conduct commercial activities within the country.The process begins by submitting a valid record to the Department of Planning and Investment. Vietnam Business registration is governed by the Business Law and several decrees that lay out the specifics of the procedure.#businessregistration #Registerbusiness #Vietnambusinessregistration #BusinessregistrationinVietnam

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𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦--------------------------------------👉𝑪𝒐𝒎𝒑𝒂𝒏𝒚 𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎Investor: We are USA based company and we wanted to expand our operation across border and we have started our operation in Madagascar last year and now we are interested in Vietnam.We are dealing foodstuff product as well exporting cotton .We wanted to know from you company that what are law requirements for opening a company in Vietnam and what are the benefits for the foreign investor and also tell us that what kind of company that we should open over there and how flexible the law for different types of company like (company,joint stock company,etc)Lawyer: I am Lawyer of SB Law. I was entrusted to provide you legal advice regarding to the matter hereinunder.👉𝑭𝒐𝒓 𝒚𝒐𝒖𝒓 𝒆𝒂𝒔𝒆 𝒐𝒇 𝒓𝒆𝒇𝒆𝒓𝒆𝒏𝒄𝒆, 𝒑𝒍𝒆𝒂𝒔𝒆 𝒇𝒊𝒏𝒅 𝒐𝒖𝒓 𝒄𝒐𝒎𝒎𝒆𝒏𝒕𝒔 𝒂𝒔 𝒇𝒐𝒍𝒍𝒐𝒘𝒔(i) Setting up foreign invested company:You shall be required to obtain an Investment Certificate from the competent authority. It shall take you about 15 working days from submission of application dossier to the competent authority for obtaining the Investment Certificate.For several special case, before obtaining Investment Certificate, you shall be required to obtain in-principal approval from authorities.After obtainment of Investment Certificate, you shall be required to obtain Certificate of Business Registration for Foreign Invested Company. This step shall take you about 5 working days to complete.(ii) Benefit of foreign investor:Depending on specific business activities and/or location of the company, foreign investor is entitled to investment incentive such as Corporate Income Tax Exemption, Deduction or Deduction of land lease price etc.In case of change of law, Investment Incentive granted to Foreign Investor under the old law can be remained. After paying all tax applicable under Vietnam Law, Foreign Investor is entitled to transfer there benefit to abroad.(iii) Foreign Invested Company can be structured as Limited Liability Company or Joint Stock Company. If you choose Joint Stock Company, it shall require at least 03 Shareholders.-------------------------------------------------------CONTACT: SBLAW - VIETNAM INTERNATIONAL LAW FIRM🌎 Address:3rd Floor, Kinh Do Building, 292 Tay Son, Dong Da, Hanoi.6th Floor, PDD Building, 162 Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh City.📞 Hotline: 0906171718🌐 Website: https://lnkd.in/gBDxbytt

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CAPITAL CONTRIBUTION FOR ESTABLISHMENT A COMPANYWHAT YOU NEED TO KNOWThere is only a business Law system for both local and foreigner investors to do business in Vietnam, deals with the establishment, organization, restructuring, dissolution, and relevant activities of enterprises, including limited liability companies, joint-stock companies, partnerships, capital contribution, sole proprietorships, and groups of enterprises. We would like to introduce to you four of key topics to know about the business regulations in Vietnam:It would be our pleasures to share with you for any query or question about the terms and conditions as well as practical cases which we have been experiencing since years 2000, where the first law on enterprise has allowed private sector to born and blooming.👉 Read more information: https://lnkd.in/gfateH3f----------------------VIVA Business Consulting is the local experts for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… regard to market entry service, required business compliance procedures by local laws and regulations since 2006.Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies from Japan, US, EU, Singapore, India, China, Korea…. in such industries: Garment, energy, pharma, advertising, agricultural…VIVA keeps its service signature by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.𝙑𝙄𝙑𝘼 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘾𝙤𝙣𝙨𝙪𝙡𝙩𝙞𝙣𝙜🏢 A. 12Th Floor, International Plaza Building, 343 Pham Ngu Lao Street, Pham Ngu Lao Ward, District 1, HCMC🏢 O.17Th Floor, Prime Centre Building, 53 Quang Trung St, Nguyen Du Ward,Hai Ba Trung District, Ha Noi City☎️ Call center: 18001243📩 leads@vivabcs.com.vn#VIVA_Business_Consulting #HoChiMinhCity #district1