If you choose to close a company in Vietnam, you need to go through the formal process of dissolving it to avoid problems in the future. We can assist you with the relevant procedures of voluntary windup.
Your company continues to exist as a legal entity until you decide to dissolve it. The windup process for Vietnamese companies and representative offices can be drawn out and time-consuming, primarily due to the tax finalisation and tax clearance required as part of the process. We work with investors to understand their needs, provide realistic timeframes for windups, and to control the process so that they can efficiently finalise the windup.
In Vietnam, the overall process for winding up a company (regardless of your operation status) includes six primary stages related to accounting & tax and statutory work.