Subsidiaries are related person of the parent company in the same group

Subsidiaries are related person of the parent company in the same group;

Set-up-company-in-vietnam-Vinasc1c) The person or a group of people who can influence the decision making and operation of the enterprise via a managerial body;

d) The enterprise manager;

dd) Spouse, parents, adoptive parents, children, adopted children, brothers-in-law, sisters-in-law of the enterprise manager or the members/partners/shareholders who have the controlling stake or shares;

e) Any person authorized to represent one of the persons or companies mentioned in Points a, b, c, d, and dd of this Clause;

g) The enterprise in which the persons or companies mentioned in Points a, b, c, d, dd, e, and h of this Clause have enough holding to influence the decision making of the managerial bodies of such enterprise;

h) A group of people who have an agreement to acquire stakes, shares, or interests of the company to have influence over the decision making of the company.

18. Enterprise managers is the manager of the company or manager of sole proprietorship, who is either an owner of a sole proprietorship, a general partner, the Chairpersons of the Board of members, a member of the Board of members, the company’s President, the Chairperson of the Board of Directors, a member of the Board of Directors, the Director/General Director, or a person holding another managerial position who is entitled to enter into the company’s transactions on behalf of the company according to the company’s charter.

19. Founder means any organization or individual that establishes or contributes capital to establish an enterprise.

20. Foreign investor means any organization or individual that is defined as a foreign investor according to the Law on Investment.

21. Stake means the total value of assets that a member/partner contributes or promises to contribute to a limited liability company or partnership. Stake holding means the ratio of a member/partner’s stake to charter capital of the limited liability company or partnership.

22. Public services/products are services/products necessary for life and socio-economic conditions of the country or communities of certain areas that the State must provide to ensure common interests or National defense and security; the investment in manufacturing and supply of such services/products under market mechanism is not likely to be recouped.

23. Company member means any individual or organization that holds part or all of charter capital of a limited liability company or partnership.

24. Members of a partnership include general partners and capital contributors

Set-up-company-in-vietnam-Vinasc225. Enterprise restructuring is either a total division, partial division, consolidation, acquisition of an enterprise, or conversion of the type of business entity.

26. Foreign organization means any organization that is established overseas under another country’s law.

27. Foreign investors’ holding means the total holding of voting capital of all foreign investors in a Vietnamese company.

28. Voting capital means the stake or shares under the ownership of a person who has the right to vote on the issues within the competence to decide the Board of members or the General Meeting of Shareholders.

29. Charter capital means the total value of assets that are contributed or promised to be contributed by members/partners when establishing a limited liability company or partnership; or the total face value of shares that are sold or registered when establishing a joint-stock company.