We provide Labor & Employment services, in which we deal with the rights and obligations between employers and employees and related governmental agencies.

How we can help:

  • HR advisory: PLF advises on the settlement of labor disputes, applications of disciplinary sanctions, employment termination, mass lay-offs, and other matters relating to employees.
  • HR drafting and reviewing: PLF helps Clients to draft and review labor contracts, offer letters, internal labor regulations, policies relating to anti-corruption commitments, non-compete and non-disclosure agreements, and other statements related to employment relationships.
  • Implementation of administrative procedures: PLF will register internal labor regulations, apply for work permits and work permit exemptions, and operate structure and labor reorganization.
  • Compensation and benefit: PLF helps companies to design and develop compensation and benefits programs for the employees, which meet the legal requirements, budgets as well as the companies’ talent strategies.
  • Labor restructuring: Due to companies’ restructuring, PLF helps companies to find appropriate solutions to transform the workforce and for the process of unilateral termination. We will advise, plan, and provide practical action strategies to ensure compliance with labor laws and to balance the interests between companies and employees to suit financial and labor market practices.
  • Negotiation and litigation: PLF represents our Clients in negotiations with employees or employers on illegal labor termination and before dispute resolution organizations or the courts.
Plf Company Formation

How to proceed?

  • Organize direct meetings with our team to clarify our Clients’ requirements, targets, and concerns;
  • Identify the governing documents of the organization in Vietnam, the general global regulations, and the agreements between the parties;
  • Identify and approach issues based on legal regulations, companies’ regulations, and global regulations to propose practical strategies and action plans.
  • Appoint legal experts having extensive experience who will appoint and handle supervisors to review work results before sending them to Clients;
  • Provide advisory, reviewed documents, results of procedures, and negotiation strategies to Clients to solve issues;
  • Provide ongoing follow-up to answer questions via phone, e-meetings, or direct meetings throughout the service process to ensure the problems are completely resolved;
  • Provide a CRM account so our Clients can monitor the legal services and procedures.

Most Frequent Questions & Answers

Finding expert guidance in our FAQs section, which address common concerns and provide insights into corporate legal, accounting, and secretarial matters.

Registering a 100% foreign-owned company in Vietnam is possible. However, foreign investment is subject to regulatory limitations applied on each specific business sector.

In most cases, investors shall implement the following steps to establish a company:

Step 1: Obtaining an Investment Registration Certificate, abbreviated IRC (if any non-Vietnamese investors).

Step 2: Obtaining an Enterprise Registration Certificate, abbreviated ERC or BRC for Business Registration Certificate.

The company is established but the following steps are required for regulatory compliance:

Step 3: Post establishment procedures.

Step 4: Obtaining sub-licenses (if any).

IRC stands for Investment Registration Certificate which shall be obtained (in most cases) when a foreign investor wants to set up a project (such as establishing a company) in Vietnam at the beginning.

ERC stands for the Enterprise Registration Certificate which every company in Vietnam must have. In other jurisdiction it is sometimes referred to as the “Incorporation Certificate” or “Company Certificate”.

Joint Stock Company (“JSC“) and Limited Liability Company (“LLC“) are the most common types of company in Vietnam since they offer the following advantages:

  • Limitation in liabilities of their shareholders/ members/ proportionate to their capital contribution;
  • Flexible management structure;
  • Conversion from JSC to LLC and conversely is possible.

In general, there is no minimum capital required by law when registering a company in Vietnam. Only some conditional business sectors such as real estate trading, banking or education have specific capital requirements.

However, the capital shall be sufficient in light of the intended business sectors and scale of operation.

For non-conditional business sectors, we usually need from 6 to 8 weeks to setup a foreign-invested company and 1 week for a Vietnamese-invested one.

However, especially for foreign-owned companies, the time can be extended due to various reasons such as additional requirements from the licensing authorities.

Get in touch with us today and our team would handle your corporate matters with expertise.

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