Some key changes in Law on Real Estate Business 2014
The Law on Real Estate Business 2014 which will take effect from 1 July 2015 includes certain important changes as follows:
Investment Law 2014 – A new life for the Investment Certificate
Changes
Perhaps the changes to the legal status and meaning of the Investment Certificate are one of the most important changes in the new Investment Law 2014. For decades, the Investment Certificate
Enterprise Law 2014 – Stricter control on foreign shareholders in private joint stock companies
A foreign shareholder in a Vietnamese private joint stock company (JSC) including those owning less than 49% of the JSC will be subject to stricter control under the Enterprise Law 2014. In particular, from 1 July 2015, a private JSC established under the Enterprise Law 2014 must submit a list of foreign shareholders to the Business Registration Authority (Foreign Shareholders List). The Foreign Shareholder List must include the following information:
Investment Law 2014 – Foreign investors, domestic investors, and foreign economic organisations
The Investment Law 2014 introduces a brand new system to classify entities with foreign capital into different concepts and groups. Under the Investment Law 2014: