Is it permissible to contribute capital to the company after 60 days?

Pursuant to Clause 2, Article 47 of the Law on Enterprises 2020, regulations on capital contribution to establish a company are as follows:

Members must contribute capital to the company in full and with the correct type of assets as committed when registering the establishment of the enterprise within 90 days from the date of issuance of the Enterprise Registration Certificate, excluding the time for transporting, importing contributed assets, and carrying out administrative procedures to transfer asset ownership rights. During this period, members have rights and obligations corresponding to the proportion of the committed capital contribution. Members of the company may only contribute capital to the company with a different type of asset from the committed asset if approved by more than 50% of the remaining members.

Thus, the 60-day capital contribution is still in compliance with the above regulation provided that it is within 90 days from the date of issuance of the Enterprise Registration Certificate.

Sincerely!