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COMPANY ESTABLISHMENT SERVICES

How to do the right profile of establishment of Co., Ltd.

Are you looking to establish a limited liability company without knowing how? Please follow our following article to be able to go to work on your own to establish a limited liability company. To make a dossier of establishment of a limited liability company, you need to do 07 steps as follows:

STEP 1: DETERMINE THE TYPE OF ENTERPRISE INTENDED FOR ESTABLISHMENT

1-member limited liability company: the company is owned by an individual or an organization, is limited liability within the scope of charter capital contributed.

Limited liability company with 2 or more members: There are 2 to 50 members who are individuals or organizations contributing capital to the same limited liability within the scope of contributed capital. 

  • Full 18 years of age or older;
  • Having full civil act capacity;
  • Not subject to the prohibition of establishment and management of enterprises by law;
  • Provide only 01 copy of the people's I.S. or a certified passport;
  • No tax code hanging on tax administration and enterprise management data on the State system;
  • The representative is not necessarily the capital contributor of the Company.
STEP 2: NAME YOUR BUSINESS

The company name consists of two components: the type of business and the first name. Enterprises can name themselves in Vietnamese or other foreign languages The name of the enterprise used for trading should not necessarily be named after the operating and business sectors. However, it is not recommended that the company name does not match the business registration industry because it will affect the brand of the business later. You can name the company in Vietnamese or a foreign language but be aware of prohibited legal cases to avoid losing time doing the procedures. 

STEP 3: SELECT THE ADDRESS OF THE COMPANY HEADQUARTERS

The head office of the company is the transaction address, so it must be located in the territory of Vietnam and be determined to include the number of houses, niches / alleys, communes / wards, districts/ districts, cities directly under the province, province / centrally run city. An address can register multiple companies without having to divide the details into different rooms. Note: Address must not be selected as apartment/ apartment. When wishing to register this address, there must be papers proving that the apartment / apartment has a part of the area used to make an office area, in addition to an office lease contract signed directly with the investor in accordance with the current law.

STEP 4: CHOOSE A BUSINESS

It is necessary to carefully prepare all business sectors intended to operate and related industries that may operate in the future because the number of professions is not limited. In the list of professions, choose a major industry that will do now. 

STEP 5: REGISTRATION OF CHARTER CAPITAL

Charter capital is the amount of self-registered enterprise capital to put into operation. In fact, there is no need to prove by cash, account or any form but as a basis for the latter for the enterprise to perform the obligation to pay debts. The minimum or maximum amount of charter capital shall not be specified except for specific business sectors with legal capital requirements. 

STEP 6: DETERMINE THE LEGAL REPRESENTATIVE OF THE COMPANY

The representative is the person who directly runs and manages all business activities of the company, represents the enterprise to work, signs papers and procedures with any state agency, individual or other organization.

STEP 7: PREPARE DOSSIERS TO BE SUBMITTED TO STATE AGENCIES

Application for establishment of a one-member limited liability company

  • Application form for establishment of a one-member limited liability company.
  • Charter of self-built company."
  • Copies of the following documents are valid and certified:
    • For Vietnamese citizens: Citizen IDENTIFICATION card, ID card or other legal personal certification of the owner who is an individual, the legal representative of the company is still valid;
    • For foreigners: Passports/ papers valid to replace valid passports;
    • For the case where the owner is an organization: Decision on establishment / certificate of enterprise registration or other equivalent papers (unless the company owner is the State);
    • In case an enterprise is established by a foreign investor, an investment registration certificate must be prepared;
  • A valid copy of one of the personal certification documents of the authorized representative in case the company is under the management of the organization.
  • Documents authorized by the owner to the authorized person in case the owner of the company is an organization.

Application for establishment of a limited liability company with 2 or more members

  • Application form for establishment of a limited liability company with 2 or more members.
  • Charter of the company itself.
  • List of company members.
  • List of authorized representatives for members being foreign organizations.
  • Copies of the following documents are valid and certified:
    • For Vietnamese citizens: Citizen IDENTIFICATION card, ID card or other legal personal certification of the owner who is an individual, the legal representative of the company is still valid;
    • For foreigners: Passports/ papers valid to replace valid passports;
    • For the case where the owner is an organization: Decision on establishment / certificate of enterprise registration or other equivalent papers (unless the company owner is the State);
    • In case an enterprise is established by a foreign investor, an investment registration certificate must be prepared;

Above are the steps to help you make a profile to establish a limited liability company. Please read carefully to be able to make your own profile to establish a company.