Establish a company in Ho Chi Minh City professionally

Establish a company in Ho Chi Minh City brings the opportunity to access one of the most vibrant economic markets in Vietnam. Ho Chi Minh City is currently a modern business environment and full of development potential for businesses to grasp. Understanding the procedures for establishing a company is an important start in the startup process. Choosing a professional incorporation service will help save time, minimize legal risks, and ensure the process runs smoothly and effectively.

Why do you need to use company establishment consulting services in Ho Chi Minh City?

Establish a company in Ho Chi Minh City, Vietnam’s vibrant economic center, offers many growth opportunities. However, this process also has potential difficulties, especially for beginners. Using company establishment consulting services will help customers:

• Save time and effort: Instead of learning and implementing complicated procedures yourself, customers can entrust it to a team of experienced experts.
• Limit legal risks, ensure your records are complete, accurate and comply with legal regulations, avoiding errors that can cause serious consequences.
• Receive in-depth advice including advice on choosing the right type of business, business line, as well as issues related to tax and accounting.
• Optimize costs, avoid incurring unnecessary fees.

What do you need to prepare to establish a company in Ho Chi Minh City?

To establish a company in Ho Chi Minh City, customers need to prepare the following:

Choose the appropriate type of company

According to Law on Enterprise 2020, Customers can choose one of the following types of businesses:

• One-member limited liability company: Owned by an individual or organization, responsible for the company’s debts and other property obligations within the company’s charter capital.
• Limited liability company with two or more members: Established by twenty to fifty capital members, responsible for the company’s debts and other property obligations within the company’s charter capital.
• Joint stock company: Established by at least three founding shareholders and there is no limit to the number of shareholders; Shareholders are responsible for the debts and other property obligations of the company within the amount of capital contributed to the company.
• Partnership company: There are at least two general partners who are joint owners of the company, do business together under a common name and are responsible with all their assets for the company’s obligations.

Prepare documents for company registration

Company registration documents include:

• Application for business registration.
• Company charter.
• List of members/shareholders (for joint stock companies or limited liability companies with two or more members).
• Copies of legal documents of the legal representative and members/shareholders.
• Investment registration certificate (if there are foreign investors).

For each specific type of business, the establishment registration documents are clearly specified in Articles 19, 20, 21, 22 of the Law on Enterprise 2020. You need to prepare the correct set of documents corresponding to the type of business you have chosen so that the registration process goes smoothly.

Prepare a name for the company

The company name must comply with the provisions of Article 37 of the Law on Enterprise 2020, including:

• The company name must have the following structure: Type of business + Personal name.
• Personal names are written with letters in the Vietnamese alphabet, the letters F, J, Z, W, numbers and symbols.
• The business name must be attached to the head office, branches, representative offices, and business locations of the business.
• The personal name must not be identical or cause confusion with the name of another registered enterprise.

Search for the company’s headquarters location

According to the provisions of Article 42 of the Law on Enterprise 2020, the enterprise’s headquarters is located in the territory of Vietnam, is the contact address of the enterprise and is determined according to the administrative unit boundaries; include phone number, fax number and email (if any).

Choose the appropriate level of company charter capital

Charter capital is the total value of assets contributed or committed to by members/shareholders when establishing the company. The level of charter capital is decided by the enterprise, there is no minimum level, except for some conditional business lines.

Order and procedures for company registration

According to current law, company registration procedures will usually include the following steps:

Step 1: Prepare documents to register a company

Depending on the type of company, there may be certain differences in company establishment documents. However, it is basically necessary to meet the requirements that we mentioned above.

Step 2: Submit application at the Business Registration Office

Customers submit documents at the Business Registration Office under the Department of Planning and Investment of Ho Chi Minh City.

Step 3: Receive and process documents

• After receiving the business registration application, the Business Registration Office issues a Receipt of receipt of the application to the applicant.
• The Business Registration Office enters complete and accurate information in the business registration dossier, checks the validity of the dossier and uploads the digitized documents in the business registration dossier into the National Business Registration Information System.
• In case the dossier is not valid, the Business Registration Office must notify in writing the content that needs to be amended or supplemented to the business founder or enterprise within 03 working days from the date of receipt of the dossier.

Step 4: Get results

The Business Registration Office issues the Business Registration Certificate within 03 working days from the date of receipt of valid documents.

>>> See more: Things to keep in mind when establishing a business.

Tasks that need to be done after establishing the company

After establishing a company, businesses need to perform a series of important tasks to ensure stable operations and full compliance with legal regulations. Some main jobs can include:

1. Announcement of business registration content:

Within 30 days from the date of issuance of the Business Registration Certificate, customers must publish the business registration content on the National Business Registration Portal.

2. Hang company name signs: Customers must hang the company name sign at the headquarters, ensuring the sign is clear, easy to see and complies with regulations on size and content.
3. Submit initial tax declaration:

• Newly established businesses are exempt from license fees in the first year of establishment according to Article 3 of Decree No. 139/2016/ND-CP amended and supplemented by Point c, Clause 1, Article 1 of Decree No. 22/2020/ND-CP. However, the company still needs to submit a license fee declaration.
• According to Clause 1, Article 10 of Decree 126/2020/ND-CP, the deadline for submitting the declaration is January 30 of the year following the year of establishment. If there is a change in capital during the year, the license fee payer shall submit the license fee declaration no later than January 30 of the year following the year in which the change information occurred.

4. Open a bank account: Although this procedure is not mandatory, when performed, it will help customers conveniently transact, pay and manage finances.
5. Register for electronic tax declaration with tax authorities and use electronic invoices according to regulations.
6. Complete sub-licenses and practice certificates (if any): For some conditional business lines, customers need to apply for sub-licenses and practice certificates according to regulations.
7. Contribute full charter capital:

• Customers need to contribute the full amount of registered charter capital within 90 days from the date of issuance of the Business Registration Certificate.
• In case unexpected problems arise that affect finances and the commitment period of capital contribution, the enterprise needs to carry out procedures to reduce charter capital.

Professional consulting and support services for establishing a company in Ho Chi Minh City

Using professional company establishment consulting and support services in Ho Chi Minh City helps businesses save time, optimize costs and ensure full compliance with regulations. This service not only supports quick document processing but also advises on appropriate business strategies, creating a solid foundation for businesses to develop in a dynamic and competitive economic environment.

Benefits when using services at Long Phan:

• Experienced team of experts: Long Phan owns an experienced team with extensive knowledge of corporate law, investment, tax,…
• Full service, low price: Long Phan provides full company establishment services with competitive service fees, helping customers save costs and time.
• Dedicated and professional support: Long Phan commits to accompanying customers throughout the process of establishing the company and after it comes into operation.

Long Phan’s full company establishment service includes:

• Consulting on choosing business type, company name, charter capital.
• Drafting business registration documents.
• Instructions on the order and procedures for registering a company in Ho Chi Minh City.
• Customer representative submits documents at the Business Registration Office.
• Support publishing business registration content.
• Support for tax code registration.
• Support for opening bank accounts.
• Support for registering to use electronic invoices.
• Consulting on required sub-licenses and licensing procedures.
• Consulting on other issues related to the business activities of the enterprise.

Establishing a company in Ho Chi Minh City is an important step, laying the foundation for business development when you want to start a business in this city. For this process to go smoothly and effectively, please contact Long Phan via the hotline: 0906735386 for professional advice and support. We are committed to providing the best service at reasonable costs, helping customers establish companies quickly and in accordance with the law.