Prestigious company establishment service in Vietnam

by Quang Minh

Establishing a company means forming a business with a tax code and initial procedures with relevant authorities. The establishment of a business also has many issues related to the law and conditions of specific business lines. So, if you do not understand clearly the regulations of the law, you may face troubles and difficulties when carrying out the procedures. Therefore, in this article LSX legal firm introduces our service: “Prestigious company establishment service in Vietnam”

  • Law on Enterprise 2020

Prestigious company establishment service

In order to decide what type of business to set up, what to do business with, how to characterize it, what profession to register, etc., we will collect information from customers. Based on that, we will give advice on the following issues:

  • Choose the right type of business, this has a significant impact on the financial as well as accounting work in the future. Each type of business has its own characteristics. Currently, according to the Law on Enterprise, there are different types of companies such as single-member limited liability companies, limited liability companies with two or more members, joint-stock companies, joint-venture companies, and sole proprietorships. The law classified them as such with the corresponding regulations.
  • Name the company.
  • Then choose the business lines to register.
  • Founding members/shareholders.
  • Also, the amount of charter capital.
  • Then, we will give advice on issues related to internal business.

Steps to establish a company

Choose the type of company to establish

Successful people wishing to establish a business need to determine the type of business they want to establish.

According to the provisions of the Law on Enterprise 2020, the types of business: sole proprietorships, limited liability companies, partnerships, and joint-stock companies.

After determining the type of business, owners should pay attention to the following issues:

  • Firstly, naming the business. A business name consists of two elements: Type of business and proper name. Accordingly, the proper name of an enterprise must not coincide or cause confusion with the names of previously registered companies nationwide.
  • Secondly, select the address of the head office of the enterprise.
  • Thirdly, choose the business lines of the company.
  • Fourthly, determine the charter capital amount.
  • Also, appointing the legal representative for the company.
  • Lastly, prepare authenticated copies of legal documents of founding members/shareholders.

Prepare the dossiers to establish a company

Because the structure and organization of each type of business differ, the law on enterprise stipulates the dossiers of each enterprise with certain differences.

Dossiers to establish a sole proprietorship

Article 19. Application for registration of a sole proprietorship

1. The enterprise registration application form.
2. Copies of legal documents of the sole proprietorship’s owner.

Dossiers to establish a partnership

Article 20. Application for registration of a partnership

1. The enterprise registration application form.
2. The company’s charter.
3. The list of partners.
4. Copies of legal documents of the partners.
5. Copies of the Certificate of Investment Registration of foreign investors as prescribed by the Law on Investment.

Dossiers to establish a limited liability company (LLC)

Article 21. Application for registration of a limited liability company

1. The enterprise registration application form.
2. The company’s charter.
3. The list of members.
4. Copies of:
a) Legal documents of members who are individuals and legal representatives;
b) Legal documents of members that are organizations, documents about designation of authorized representatives and their legal documents.
Legalized copies of legal documents of the members that are foreign organizations.
c) The Certificate of Investment Registration of foreign investors as prescribed by the Law on Investment.

Dossiers to establish a joint-stock company

Article 22. Application for registration of a joint stock company

1. The enterprise registration application form.
2. The company’s charter.
3. The list of founding shareholders; the list of shareholders that are foreign investors.
4. Copies of:
a) Legal documents of founding shareholders and shareholders that are foreign investors who are individuals and legal representatives;
b) Legal documents of shareholders that are organizations, documents about designation of authorized representatives; legal documents of authorized representatives of founding shareholders and shareholders that are foreign organizations.
Legalized copies of legal documents of the members that are foreign organizations.
c) The Certificate of Investment Registration of foreign investors as prescribed by the Law on Investment.

Submit application and receive the result

After preparing all the documents mentioned above, then the person wishing to establish an enterprise shall submit the application for the establishment of an enterprise at the one-stop Department of the Business Registration Office of the Department of Planning and Investment where the enterprise intends to locate.
Within 03 working days from the date of receipt of the application, if the application valid, then the Business Registration Office will issue an enterprise registration certificate to the enterprise.
In case the application is not valid, the Business Registration Office must notify in writing the content that needs to be amended and supplemented to the enterprise.

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.

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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:
– Firstly, submit business registration applications directly at the One-Stop Department of the Department of Planning and Investment where the company located.
– Secondly, submit online: https://dangkykinhdoanh.gov.vn

What are the post-establishment procedures of enterprises?

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 all, your Company can go into operation.

Contact LSX

Finally, hope this article is useful for you to answer the question about “Prestigious company establishment service in Vietnam?”. If you need any further information, please contact  LSX Law firm+84846175333 or Email: hoangson@lsx.vn

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