ESTABLISHING A REPRESENTATIVE OFFICE IN VIETNAM

According to the Law, when a client is over 18 years old and isn’t a subject who is not allowed to establish and manage an enterprise, they can start up and set up the company. For Civil Servants and Government Employees, they are only allowed to contribute capital to the joint stock company in the form of a transfer as a securities investment on the stock market. 

Where does the client submit the application for the Enterprise establishment?

For establishing a Business Household, If the client files a document at the District People’s Committee for where the Business Household locates headquarters, when establishing the Company, the client will have to file a document at the Business Registration Authorities - Department of Planning and Investment.

When establishing a Company whether it is necessary to have a Number of Inhabitants or not?

The client can establish a Company in any province upon requirements, regardless of their Number of Inhabitants.

How much capital is needed to set up a Company?

Pursuant to applicable Law on Enterprise, an enterprise self-declares and takes responsibility for a Company’s capital, so the declaration of how much belongs to the Enterprise. Except for industries having requirements for Legal Capital (registered capital as prescribed by the provision of the Law), but it is not necessary to prove the capital resource, and only needs to guarantee responsibility for the registered capital resource and fully margin capital for specific industries.

Can an apartment building be registered as a headquarters?

Pursuant to the applicable Law on Enterprise, the apartment building and tenement can not be registered as a headquarters, nor can the address of a company’s Representative Office, Affiliates and Business Location.

What are the necessary documents to prepare when establishing a Company?

For conducting the procedure of establishing a Company,  the client needs only to prepare a notarized copy of a durable Identity Card or Passport for the members and Founding partners of the Company.

What are the primary taxes to be paid when establishing a Company?

  • License tax at a fixed rate upon a registered Charter Capital (Companies established in 2020 are exempt from License tax, for example)
  • Value-added tax
  • Profit tax: normally 20% of profit is only paid when Company has an interest.

 

NPLaw Firm

Ho Chi Minh office – Headquarters: 139H4 Ly Chinh Thang, Vo Thi Sau Ward, District 3, Ho Chi Minh City.

Nha Trang Office (Branch): 20, 1B Street, Le Hong Phong Urban Area, Phuoc Hai Ward, Nha Trang City, Khanh Hoa Province.

Da Lat Office (Branch): 266 Hai Ba Trung, Ward 2, Da Lat City, Lam Dong Province.

Ha Noi Office (Branch): CT13B, VietNam Bar Federation Building, Vo Chi Cong Street, Tay Ho District, Ha Noi City.

 

Hotline: 0913449968

Email: legal@nplaw.vn

 


CÔNG TY LUẬT TNHH NGỌC PHÚ

Customer service: 19009343

Hotline: 0913 41 99 96

Email: legal@nplaw.vn

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