legal opinion

Dear ASL,

As a microfinance institution willing to enter the Vietnamese market, we would like to get your legal opinion on the following questions:

1. Withdrawal of dividends from Vietnam.
Because we were warned about the level of hardness of remitting the funds abroad, we would like to hear your opinion about certain subtleties that we should take into account when withdrawing dividends out of the country.

2. Whether licenses for the activity of Microfinance Institutions are issued/suspended.
In case they are issued, we would like to know requirements and terms of obtaining such.
Another key point required for clarification, is whether a foreign shareholder is entitled to possess the majority of company shares.

3. Requirements for the charter capital of a Microfinance Institution.

Looking forward to receiving your quotation

Kind regards

Roman Artemyev
Business Development Manager

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