Closure & dissolution procedures

Closing or dissolving a company in Vietnam is a multi-step process requiring sequential coordination with the business registration authority, the tax authority, customs (where there is import-export activity) and the labour authority. The procedure completes only after assets have been liquidated, debts paid in the statutory order of priority, tax finalisation completed and employee obligations settled. For foreign-invested enterprises, the process also includes terminating or amending the Investment Registration Certificate before the Enterprise Registration Certificate is withdrawn. Without methodical preparation, tax finalisation tends to drag on and delay the repatriation of remaining capital.

• Advice on the approach and sequence for dissolution or termination of the investment project, matched to the state of the enterprise
• Drafting the dissolution resolution; notifying the business registration, tax, customs and labour authorities
• Support with asset liquidation and settlement of debts in the statutory order of priority
• Accompanying the enterprise through tax finalisation on closure
• Handling obligations towards employees and social insurance
• Carrying out the termination or amendment of the Investment Registration Certificate
• Completing the dissolution file and the withdrawal of the Enterprise Registration Certificate
• Advice on remitting remaining capital and profits abroad (for foreign investors)