During the operation period of a company, the accuracy of data on revenue and expenditure budget; income; taxable income … reflects a lot of financial situation of that company and also helps to set up specific business plans in the future. Therefore, the interest of enterpise in the work of accounting is increasing, which makes the demand for accounting and auditing services become more and more essential. This is the reason why many Japanese investors want to contribute capital to accounting and auditing service companies in Vietnam, especially since the Japan -Vietnam Economic Partnership Agreement (VJEPA) effective from 01/10/2009, having created favorable conditions for Japanese investors to participate in Vietnam market.
Legal documents (for reference):
The conditions that Japanese investors have to fulfill:
+ On the form of investment: contribute capital, buy shares or capital contributes of the accounting and auditing companies.
In cases where the Japanese investor owns equal or more than 51% of company’s charter capital, the investor must carry out procedures for capital contribution registration.
An application for registration of capital contribution or purchase of shares/capital contribution:
Procedures for registration of capital contribution or purchase of shares/capital contributions:
After receiving the permit, Japanese investor shall contribute capital to the accounting and auditing company. The company receiving the capital contribution will carry out procedures for changing its members/shareholders in accordance with the law. But if foreign investors wish to contribute capital to establish a foreign- invested accounting and auditing company, the implementation process will be: Apply for Invesment Registration Certificate è Establish 100% foreign-owned accounting and auditing in Vietnam. These procedures will take more time than contributing capital to an operating company.
For all procedures related to foreign investors to contribute capital to Vietnam’s accounting and auditing company, please contact the Viet An Law Firm.
Viet An Law Firm is a reputable organization providing consultancy services, supporting the procedures of related procedures in the fields of investment, business, intellectual property, labor law,…
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