Question: How to split shares between co-founders?
Answer:
Under the provisions of paragraph 5 of Article 84 of the Law on Enterprise 2005 Vietnam:
Within three years from the date of the certificate of business registration, a founding shareholder has the right to freely transfer their common shares to the shareholders of the other founders, but only the transfer of shares its ordinary share for non-founding shareholders if approved by the General Assembly of Shareholders. In this case, the shareholder intends to transfer shares without voting rights on the transfer of such shares and the transferee shall automatically become a founding shareholder of the company.
After a period of three years from the date of issuance of the business registration certificate, the limit for ordinary shares of founding shareholders are hereby repealed.
Therefore, if you want to split shares between co-founder, you can freely transfer your common shares within three years from the date of the certificate of business registration.
