Dissolution & Business Closure

Closing a company in Vietnam is harder than opening one. Tax clearance is usually the bottleneck, and a company that simply stops operating without completing dissolution leaves its legal representative exposed for years.

Wise Counsel manages the full dissolution process for Vietnamese and foreign-invested companies, from the decision to dissolve through tax clearance to deregistration.

What we help with

• Advising on whether dissolution, transfer or suspension is the better route
• Preparing the dissolution resolution and notifying the business registration authority
• Settling with creditors, employees and counterparties before closure
• Terminating labour contracts and completing social insurance obligations
• Managing tax finalisation, including outstanding filings and inspection
• Closing bank accounts, invoices, seals and the tax code
• Terminating leases and dealing with remaining assets
• Completing deregistration and confirming the company has ceased to exist

The tax finalisation stage determines the timeline. We prepare for it from the first day rather than discovering the problems when the inspector arrives.