Buying 49% share of an established business in Ha Giang.

Member since 10 August 2019

Aaron32Member10 August 2019 10:09:12

Hi all,

This has probably been asked before and feel free to point me in the right direction for info.

I am interested in buying a 49% share in an established hostel in Ha Giang. The business is currently owned by two vietnamese/Ha Giang locals (49% and 51% respectively). The person with a 49% share wants to sell and I am interested in buying as a foreigner and relocating to vietnam to manage the hostel. The hostel IMO has big potential that has not been realised by the current owner/s.

I have heard different stories about the tax on foreign investment but is this the case if you hold the minority share, 49%, of the business?Any other issues i should expect?

I am planning to use the services of a local lawyer from Ha GIang to understand the local business law interpretations.

I have vast experience in project management and hostel/business management in Australia but not in Vietnam. I am familiar with vietnam through various business/holiday visits.

Thankyou for your responses. Any info is appreciated.

Aaron

Bazza139 ViP

Member since 04 January 2016

Bazza139ViP10 August 2019 11:45:32

1257

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