When an enterprise wants to expand its business activities, it can establish a company branch or open a representative office. An enterprise can open a branch in another province or the same province as the head office of the company. Branch operations will help businesses better to approach customers and also research the market in different localities. So, in this article LSX legal firm will give you an insight of: “Procedures to establish branch of multi-member LLC in Vietnam”
Company branch
Branch means a dependent unit of the company to carry out production and business activities to generate profits. The law on Enterprise allows branches to operate in all lines of business registered by the head enterprise. So, many limited companies choose to establish branches because of this benefit.
Conditions to establish a branch for multi-member LLC
When establishing a branch, your company must meet the following 02 requirements:
- The branch’s line of business must be consistent with the business line of the enterprise.
- Similar to naming an enterprise, when naming a branch, it must be written with the letters of the Vietnamese alphabet, including the letters F, J, Z, W, numbers, and symbols. Also, the branch name must have the business name with the phrase “Branch”.
Dossiers to establish a branch for multi-member LLC
The establishment of a branch of a multi-member limited liability company requires:
- The notice of the establishment of a branch signed by the legal representative of the enterprise. The notice content includes: enterprise code; name and address of the head office of the enterprise; the name of the branch intended to established; branch office address; the branch’s scope of operation; tax registration information; Name, place of residence, identity card or passport or other legal papers of the head of the branch or representative office; name and signature of the legal representative of the enterprise.
- Copies of resolutions, decisions, and minutes of meetings of the Board of Members.
- Copy of legal papers of the head of the branch such as Identity card, Passport…
Procedures to establish branch of multi-member LLC
Similar to the procedure for establishing a branch of a limited company in general, for a limited liability company with two or more members, the basic procedures are as follows:
Submit dossiers to establish a branch for LLCs
After completing the application for the establishment of a branch, the company submits the dossiers to request the Department of Planning and Investment where the branch located for a certificate to establish.
Currently, there are two forms to submit an application:
- Register directly: apply at the “one-stop” department of the Business Registration Office. However, in Hanoi, this method is no longer applied.
- Besides, online business registration: submit your application on the National Business Registration Portal (Address: https://dangkykinhdoanh.gov.vn). After the online application is valid, you will have to go directly to the “one-stop” department to return the scanned copy (hard copy) when submitting it online. However, this method is relatively complicated, requiring you to have skills and knowledge about registering a business account.
Once you have submitted your application, you will receive a receipt for your application. Then, usual processing time for applications will be 3 working days.
Receive result
After checking the application; if valid, the Business Registration Office under the Department of Planning and Investment enter the information into the National Business Registration Information System to request the branch number then issue a branch operation registration certificate.
- In case of applying directly at the Business Registration Office: The company come to receive the Certificate of Business Registration according to the appointment letter.
- In case of online business registration application: Based on the appointment time to return results, the company bring a set of business registration application (paper copies) together with the receipt of electronic business registration application to the Business Registration Office to receive the Certificate of Business Registration.
Post-establishment procedures
Receiving a Business Registration Certificate is just the first step in putting your company into operation. After that, you have to do the following series of procedures:
- Notice the use of the company’s seal sample.
- Bank account notice (if your company registers a bank account).
- Tax procedures such as license declaration and payment of license fees, Tax on corporate headquarters inspection,…
- Trademark protection (if you need it).
- …
After carrying out these procedures, your Company can go into operation.
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
Should you establish a Joint-stock or Multi-member LLC in Vietnam?
Vietnamese procedures to establish a Multi-member LLC
Application for registration of a Multi-member LLC in Vietnam
Related questions
Increase the owners’ contributed capital.
Also, mobilize capital from loans: organizations and individuals, bond issuance.
From the economic perspective: Establishing a company is the establishment of a business organization when all necessary and sufficient conditions are met, such as individuals and organizations must fully prepare facilities: headquarters; Human resources; material resources; production chains; factory; capital.
On the other hand, from the legal perspective: Establishing an enterprise means a legal procedure that individuals and organizations must perform at a competent state agency.
Contact LSX
Finally, hope this article is useful for you to answer the question about “Procedures to establish branch of multi-member LLC in Vietnam”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
Conclusion: So the above is Procedures to establish branch of multi-member LLC in Vietnam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
