Procedures for establishing a joint stock company branch are quick

Establishment of a joint stock company branch helps expand the scale of operations, enhance market access and improve business efficiency. This is an effective strategy to grow quickly and minimize risks compared to opening a subsidiary. The process of establishing a branch is simple, helping businesses maintain flexibility in management and make the most of new development opportunities. Next, let’s learn about this procedure with Long Phan through the following article.

What is a joint stock company branch?

According to the provisions of Clause 1, Article 44 of the Law on Enterprise 2020, Joint Stock Company Branches are understood as follows:

A joint stock company branch is a dependent unit of a joint stock company, responsible for performing all or part of the joint stock company’s functions, including the function of authorized representation. The branch’s business lines must be consistent with the joint stock company’s business lines.

Quick steps to establish a joint stock company branch

Prepare documents and fees

When establishing a branch for a joint stock company, businesses need to prepare the types of documents specified in Clause 1, Article 31 of Decree 01/2021/ND-CP, including:

1. Announcement of branch establishment;
2. Copies of resolutions, decisions and meeting minutes of the Board of Directors;

• Resolutions and decisions of the Board of Directors of joint stock companies on the establishment of branches.
• Copy of personal legal documents for the branch head.

Procedures for establishing a branch

Pursuant to Clause 2, Article 31, Article 44 and Article 45 of Decree 01/2021/ND-CP, the steps to establish a branch for a joint stock company are:

Step 1: Submit application:

Enterprises submit applications to register branch operations at the Business Registration Office where the branch is headquartered.

Step 2: Issuance of Certificate:

Within 3 working days, the Business Registration Office issues a Certificate if the application is valid. If invalid, notify amendments and supplements.

Businesses can choose to register online, specifically:

1. For branch registration through the use of public digital signatures

Step 1: Declare, download documents, sign documents to authenticate and pay fees on the National Business Registration Portal (dangkykinhdoanh.gov.vn).

Step 2: Receive a Receipt, then the Registration Office issues a Certificate if the application is valid, or requests an amendment if not.

2. For branch registration using an account for business registration:

Step 1: Use your business registration account to declare and pay fees through the National Business Registration Portal (https://dangkykinhdoanh.gov.vn)

Step 2: After submitting the application, receive a Receipt and the Business Registration Office will issue a Certificate if eligible, or request to amend the application if not eligible.

Some notes when establishing a joint stock company branch

When establishing a joint stock company branch, businesses need to pay attention to a number of important factors to ensure legal compliance and effective operations.

• First, the branch name must comply with the provisions of the Law on Enterprise 2020, including the use of the company name accompanied by the phrase “Branch”. In addition, the branch name must not be identical to previously registered names and must not violate regulations on tradition and culture.
• Regarding business lines, branches are only allowed to carry out lines of business that the parent company has registered in the Business Registration Certificate. This helps ensure consistency in the company’s business operations.
• Appointing a branch head is an important step. This person must have sufficient capacity and quality, and be responsible to the parent company for the branch’s operations. Legal documents of the branch head also need to be fully submitted when registering.
• Finally, when choosing a business location, it is necessary to consider physical conditions, geographical location and development potential. This location must be suitable for the branch’s business needs and convenient for reaching target customers.

Service to quickly establish a joint stock company branch in Long Phan

To help you implement quickly and in accordance with regulations, Long Phan provides professional services, ensuring efficiency for businesses. Services include:

• Consulting on conditions for branch establishment;
• Consulting and guidance on preparing complete branch establishment documents;
• Detailed instructions on the order and procedures for establishing a branch;
• Consult and guide documents and procedures for branch tax code registration;
• Representative to carry out branch registration procedures;
• Answer and support problems and difficulties during the branch establishment process.

Procedures for establishing a joint stock company branch are an optimal solution for those who want to expand their business. With a team of experienced experts, Long Phan provides fast and reputable joint stock company branch establishment services. You just need to contact us, we will do our best to help your business develop smoothly and sustainably. Contact Long Phan immediately via the hotline: 0906735386 to receive detailed advice and quick support!