Nowadays, the information technology industry (IT) grows strongly in Vietnam as well as globally. Also, the State encourages its development with many preferential policies on tax, capital mobilization, etc. However, setting up an IT company requires attention to many things. In addition to the relevant papers about the company establishment procedures, businesses have to pay attention to the business line. This is because the characteristics of the IT business are different from other industries. In this article, LSX would like to inform you: “Procedures to establish an IT company in Vietnam”
Legal grounds
- Law on Enterprise 2020
- Decision 27/2018/QD-TTG
Information Technology (IT) Industry
- IT – Information Technology: a term that includes software, internet networks, and computer systems used for the distribution and processing of data, exchange, storage, and use of information in different forms. In short, this is the use of modern technology in creating, processing, transmitting information, storing, and exploiting information.
- Besides, the Information Technology industry is often divided into 5 popular majors: Computer science, computer engineering, information systems, computer network & communication, software engineering
Notes on setting up an IT company:
- The information technology industry has conditional business lines, so enterprises can only perform those businesses when they fully satisfy the conditions of the law. Therefore, businesses need to apply for a certificate issued by a competent authority to perform those businesses.
- Patent registration or other useful methods: In addition to the legal procedures, information technology companies will likely have a lot of patents or intellectual property that need to be recognized.
Procedures to establish an IT company
Application for business registration
- Application form for establishment of an information technology company according to the standard form;
- List of capital contributors (Limited companies with 2 or more members);
- List of shareholders (Joint-Stock Company);
- Company charter;
- Copy of personal papers of the owner/shareholder/contributing member;
- Decision on capital contribution to establish the company (applicable to members/contributing shareholders as legal entities).
- Power of attorney (in case the owner/legal representative does not directly perform the procedures).
Procedures
Step 1: Prepare dossiers
Step 2: Submit the dossiers
- Apply directly at the one-stop department at the Business Registration Office of the Department of Planning and Investment where the enterprise’s head office is located.
- Register online at the National Business Registration Portal with a public digital signature or a business registration account.
On the other hand, for Hanoi city and Ho Chi Minh city, businesses must register online.
Step 3: Receive the result
- In case the application is valid, the Business Registration Office of the Department of Planning and Investment will issue a business registration certificate.
- In case the application is not valid, the Business Registration Office of the Department of Planning and Investment will notify you to correct and complete the application.
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 article
Procedures to establish Joint-stock company under Vietnamese legislation
Procedures to establish a company trading medical equipment
Conditions for setting up a retail establishment in Vietnam
Related questions
1. Business type
2. Business name
3. Headquarter address
4. Business line
5. Charter capital and the corresponding tax
6. Legal representative
7. Application for business registration
At present, Vietnam’s law on enterprise does not stipulate the required level of charter capital that a company needs to register when it is established (except for the case of a company operating in industries with prescribed capital and deposit). Therefore, the company can freely choose the level of charter capital.
Contact LSX
Finally, hope this article is useful for you to answer the question about “Procedures to establish an IT company in Vietnam”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
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