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What are the Conditions, Rights and Obligations of Foreign Investors?
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Legal basis
Foreign investors invest in Vietnam in accordance with Vietnamese law or international treaties on investment to which Vietnam is a member. .
Depending on the category of business activities, Vietnamese law or international treaties on investment stipulate the form of investment for each item. Project criteria for business lines(For example: The advertising industry must operate in the form of joint venture investment between foreign investors and Vietnamese enterprises with advertising industries)< /em>.
According to Vietnamese law and international treaties on investment, foreign investors are applied the same as domestic investors except Business activities in the list of restricted market access will regulate the maximum capital ownership ratio in economic organizations in Vietnam.(for example, container handling services under Vietnamese law and regulations International conventions stipulate that the maximum capital ownership ratio of foreign investors is 50%).
Depending on the business objectives, Vietnamese law and international treaties on investment stipulate the capacity for investors to ensure ensure professional capacity or the Vietnamese partner enterprise must meet strong conditions and licenses to make business investments in that field of business activities.(For example, auditing services must be have a practicing certificate, advertising services require partner businesses in Vietnam to have an advertising business)
Foreign investors are treated like domestic investors and have the right to do business in industries that are not prohibited by law except Vietnamese laws. South and international investment treaties have a list of market access restrictions for foreign investors.
With the most favored nation principle of treating all countries equally. The tax obligations of foreign-invested enterprises are applied like domestic enterprises, so the tax obligations of foreign-invested enterprises are completely equal in rights and obligations as domestic enterprises.< /span>
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