#FDI Archives - Pros Legal

Ultimate Beneficial Owner: A mandatory legal obligation under the Law on Enterprises 2025

Ultimate Beneficial Owner: A mandatory legal obligation under the Law on Enterprises 2025 From July 1, 2025, the amended and supplemented Law on Enterprises 2025 (“Law on Enterprises 2025”) officially takes effect. One of the important and far-reaching changes is the requirement for enterprises to identify, declare, and notify information about the Ultimate Beneficial Owner […]

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ELECTRONIC IDENTIFICATION FOR FDI ENTERPRISES: A MANDATORY PROCEDURE

ELECTRONIC IDENTIFICATION FORFDI ENTERPRISESA MANDATORY PROCEDURE 1. Mandatory Obligation under the New Regulation As of July 1, 2025, Decree No. 69/2024/ND-CP officially takes legal effect and sets forth a mandatory requirement for enterprises to apply for and use electronic identification accounts. Accordingly, all enterprises operating in Vietnam, including foreign-invested enterprises (FDI enterprises), must carry out […]