Does the Chairman of the Board of Directors of a Joint Stock Company Need to Apply for a Work Permit?

View Post in Vietnamese: >> Chủ tịch HĐQT công ty cổ phần có phải xin giấy phép lao động?

Our side is about to establish a joint stock company with foreign investment, initial charter capital of 25 billion. In which, the Chairman of the Board of Directors on our side will be a foreigner, so when he comes to Vietnam to work, does he need to apply for a work permit?

Based on the provisions at Clause 2 Article 7 of Decree 152/2020/ND-CP (effective from February 15, 2021):

The Chairman of the Board of Directors or a member of the Board of Directors of a joint-stock company with a capital contribution value of 3 billion VND or more is not required to apply for a work permit.

Therefore, in the case of your company being a joint-stock company with a charter capital of 25 billion VND, the Chairman of the Board of Directors on your side, who is a foreigner, is not required to apply for a work permit.

Respectfully!

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