Today, the economy is on a strong development trend, so setting up a company is becoming more and more popular. Establishing a company – bringing your business idea into reality is a very important decision. However, to succeed in setting up a business, entrepreneurs need to prepare certain steps. Choosing a type for your company is among the decisive procedure. In this article, LSX would like to provide instructional information about: “How to establish a Joint-stock company in Vietnam?”
Legal ground
- Law on Enterprise 2020
- Decree 01/2021/ND-CP
- Decision No. 1523/QD-BKHĐT
Establishing a Joint stock company
Establishing a joint-stock company is a decisive procedure for entities who want to perform their business operations. Besides, establishing a joint-stock company bring certain obligations and rights at the same time.
Conditions to establish a Joint-stock company
Name
The company name must not overlap or cause confusion with the name of a registered business in the whole country.
Headquarters
When establishing a joint-stock company, there must be a transaction office. The company can not use an apartment building or a collective building as the headquarter of a joint-stock company.
Business lines
- The lines have to follow the code of the national economic system for a joint-stock company.
- Depending on the client’s request, the lawyer will give consultancy on the specific conditions of each business line of the business.
Charter capital
Charter capital means the amount of capital contributed or committed to contributing by a shareholder within a certain period of time. Also, they are recorded on the company charter. Enterprises take liability for their registered charter capital.
On the other hand, the company’s charter capital relates closely to the amount of license tax. Depending on the client’s request, the lawyer will give consultancy on the specific conditions of each business line of the business.
Shareholders
- At least 3 founder shareholders establish a joint-stock company.
- Shareholders must satisfy the requirements of the Law on Enterprise 2020.
Establishment fees
The fees to establish a joint-stock company include:
- Application: 100.000 VND
- Company information publication: 300.000 VND
- Digital signature purchase (1 year): 1.530.000 VND
- Seal engravement: 450.000 VND
- Digital invoice purchase and invoice issuance: 850.000 VND
- …
Experience in setting up a joint stock company
Naming joint-stock companies in accordance with the provisions of law.
The company name must not be the same as the name of another company, state agencies, people’s armed force units, political organization, social organization,…
The name of a joint-stock company must include 2 elements: Type of company + name.
choose the capital level of the joint-stock company
The law stipulates that there are business lines that require legal capital and there are lines that do not require legal capital. If the company operates in a business that requires legal capital, the company will have to ensure the minimum amount of capital to be eligible to establish a company.
Company address
When starting a company, maybe the company does not afford to buy or rent a location for the company’s headquarters, the company can choose a temporary business location such as the home of relatives, friends,…
How to establish a Joint-stock company?
Business establishment dossiers
To establish a company, the business has to prepare a valid set of documents:
- Firstly, the Business registration application form.
- Secondly, the Company charter
- Thirdly, List of founding members/shareholders (According to the form issued by the Ministry of Planning and Investment).
- Lastly, the business owner’s identity papers.
Method to submit the application
In the entire Department of Planning and Investment of provinces and cities nationwide, there are currently 02 (two) methods of business registration documents, including:
- Submit business registration applications directly at the One-Stop Department of the Department of Planning and Investment where the company located.
- submit online: https://dangkykinhdoanh.gov.vn
LSX legal firm’s service on company establishment
When establishing a company, people must carry out the procedure following the law at the competent business registration authority (under the Law on Enterprise 2020). The process of establishing a business includes many different steps and phases. If you are not familiar with the law, this process may take a lot of time.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Furthermore, using our service, you do not need to do the paperwork yourself. We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application; submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.
Related articles
- Procedures to establish Joint-stock company under Vietnamese legislation
- What is a Joint-stock company? Conditions to establish in Vietnam?
- Board of Directors in Joint Stock Company according to Vietnamese law
Related questions
For individuals and organizations: Legally recognized by the State as well as being protected by law in the business operations. Have the right to perform business in industries that are not prohibited by law.
The economy: When a business is established, that individual or organization has contributed to the development of the country’s economy.
For society: Become popularly known to the whole society through brand promotion, which contributes to the development of the business.
Therefore, the establishment of enterprises and companies is extremely important in the overall development of the country’s economy.
This type of company has many advantages such as:
Firstly, the members of a multi-member limited liability company are only responsible for the company’s operations to the extent of the capital contributed to the company. As a result, the members take little risk.
Secondly, the members are usually people who know and trust each other. Therefore, the management and operation of the company is not too complicated.
Thirdly, the mode of capital transfer is strictly regulated; so investors can easily control the change of members.
Fourthly, members who want to transfer capital will have to give priority to the remaining members of the company. This limit the penetration of outsiders into the company.
Contact LSX
Finally, hope this article is useful for you to answer the question about “How to establish a Joint-stock company in Vietnam?”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
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