To ensure safety in modern society, many people tend to hire security guards. This leads to increasing demand for security services. Accordingly, companies, businesses, commercial centers, small and medium stores, apartments, houses,… all need protection. Thus, the business on security service is profitable on the market. So, how to carry out the procedure to establish a security service company? LSX legal firm will answer that question in this article.
Conditions to operate security services
Domestic business
- Established legally
- The person in charge of security and order of the company must have a college degree or higher. Not responsible for the security and order of a security service business that had its Certificate of Qualified security and order revoked in the preceding 24 months.
On the other hand, the person responsible for security and order does not fall into one of the following cases:
- Vietnamese citizen:
- Persons who have been criminally prosecuted. Persons being investigated, prosecuted, or on trial by Vietnamese or foreign procedural agencies.
- Having criminal records of infringing upon national security or other crimes committed intentionally and having been sentenced to more than 3 years in prison and not yet having their criminal record cleared, is in the period of suspension of serving a prison sentence, serving a sentence of non-custodial reform, subject to probation, banned from residence, banned from holding certain posts, banned from conducting business in lines of business and investment on security and order under the court decisions.
- Persons who are subject to educational measures in communes, wards, or townships, persons await the execution of decisions on application of administrative handling measures, addicted to drugs, being suspended or temporarily suspended the execution of the decision to send to a compulsory education institution or to a compulsory detoxification establishment, administrative sanctions have been applied but the time limit has not been reached.
- Vietnamese residing abroad with foreign passports and foreigners: Haven’t been granted a residence certificate by a competent Vietnamese agency.
Vietnamese security service business in a joint venture with a foreign company,
A Vietnamese security service business may only enter into a joint venture if it needs investment in machinery and technology for the security services. On the other hand, the joint venture may only made in the form of a foreign business contributing capital to purchase machinery and technology.
A foreign business contributes capital with a Vietnamese security service business
- The enterprise must operate in the security service business for at least 5 preceding years.
- Equally important, the representative of the capital contribution of the foreign business has not been sanctioned for violations related to the security service business from a warning or higher.
- As mentioned above, the contributed capital of the foreign business may only use to purchase technical machinery and equipment for security service. The contributed capital of the foreign business establishment is at least USD 1,000,000. The valuation of machinery and equipment shall carried out by the competent state management agency in charge of prices at the provincial level or higher. The security service business pays the valuation fee.
- In addition, enterprises may only use trained security service personnel who has a certificate of professional protection.
Procedure to establish security service company
Step 1: prepare information and papers
The information includes: type of business; Company name; address of the head office; business lines; the company’s charter capital, and the title of the legal representative of the company.
In addition, you need to be prepare the following documents:
- ID card, citizen identification, or passport of the members contributing capital to the company.
- Copies of college or university degrees of the manager or director
Step 2: Prepare and submit application
An application for registration of a security service company includes:
- An application form.
- Company’s charter.
- List of members (as a limited liability company with 2 or more members). List of shareholders (as a joint-stock company).
- Copies of valid ID cards or passports of capital contributors.7
Businesses submit the application at the Department of Planning and Investment where they locate their headquarters.
Step 3: Make legal entity seal
To make a seal of the legal entity, an enterprise must carry out two procedures: engrave the seal then publish a report on the National Portal. Procedures for using the seal of a legal entity include:
- Photocopy of business registration certificate.
- Notify the use of seal sample to the Department of Planning and Investment through the national portal website
Step 4: Procedures after the establishment
- Register for the tax declaration.
- Post the establishment publication.
- Declare and pay the license fee. Besides, there are cases where license fees are exempted.
- Lastly, procedures for using e-invoices
Step 5: Certificate of satisfaction of security and order
Security service companies must to have this type of certificate to goes 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.
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Related questions
Firstly, Business type
Secondly, Business name
Thirdly, Headquarter address
Fourthly, Business line
Then, Charter capital and the corresponding tax
Next, Legal representative
Lastly, Application for business registration
In fact, you only need to submit the written commitment of the capital contributors for meeting the conditions to be granted the License as prescribed.
Contact LSX
Finally, hope this article is useful for you to answer the question about “Procedure to establish security service company in Vietnam?”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
Conclusion: So the above is Procedure to establish security service company in Vietnam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
