According to the laws of Vietnam, a LLC may be converted into a JSC and vice versa. For being transferred, LLC or JSC must submit a set of document to licensing competent authority.

The documents required for a conversion essentially shall comprise as following:

  • Request for enterprise conversion;
  • Relevant charter to converted enterprise;
  • Decision and meeting minute of members’ council or resolution and meeting minutes of General Meeting of Shareholders on conversion of enterprise;
  • List of founding members or founding shareholders, together with the document prescribed such as an authenticated copy of ID and/or business registration certificate of member/shareholder; and
  • Sale and purchase agreement or capital contribution contract.

Converting company automatically come into every legal right and benefit and takes charge of liabilities, including tax, labour contracts as well as other responsibilities of a converted company.