The complete business establishment registration fee

Business establishment registration fee is one of the factors that founders need to pay attention to when beginning the necessary procedures to establish a company. Understanding and estimating these costs will help business owners avoid unnecessary risks. The following article by Long Phan will provide guidance on the various costs associated with business registration, helping entrepreneurs gain an overview and prepare effectively for the establishment of their businesses.

The complete business establishment registration fee

Business establishment registration fee

The business establishment registration fee is one of the important fees when businesses decide to start a new business in Vietnam. This fee is regulated by law and regulations of state management agencies, and depends on the type of enterprise and its charter capital.

According to the provisions of Article 32 of Decree 01/2021/ND-CP dated January 4, 2021 of the Government on business registration, businesses are responsible for paying the business establishment fee at the time of submitting the registration application for the enterprise. And according to Circular 47/2019/TT-BTC dated August 5, 2019 of the Minister of Finance regulating the collection rates, collection, payment, management and use of fees for providing business information, fees Business registration, the registration fee for establishing a new business is 50,000 VND/time if submitting paper documents and is free for submitting online documents.

Fee for publication of business registration contents

The fee for publishing business registration content is one of the fees businesses need to pay when registering to establish a business in Vietnam.

• Within 30 days from the date of issuance of the business registration certificate, businesses are responsible for publishing the business registration content on the National Business Information Portal.
• According to Circular 47/2019/TT-BTC, after an enterprise successfully registers to establish a business and is granted a Business Registration Certificate, it must publish the business registration content. The fee for publishing business registration content is 100,000 VND/time.

Fee for engraving business seal

A business seal is an important part of expressing legality and corporate identity in business and financial transactions. Currently, the cost of engraving a business seal varies depending on the supplier and the type of seal the business requires.

In particular, the price for a business’s round mark ranges from 200,000 VND to 500,000 VND; Title stamps vary from 100,000 VND to 200,000 VND.

Cost of purchasing digital signatures for tax declaration

The cost of purchasing a digital signature (token) for tax declaration is one of the fees businesses need to take into account when carrying out procedures related to tax declaration and sending electronic tax reports in Vietnam. Digital signatures (also known as digital certificates) are used to authenticate and electronically sign tax documents, such as tax reports and other documents related to tax payment.

Currently, the cost of purchasing a digital signature will fluctuate between 02 million – 03 million VND/year depending on the price of the digital signature service provider and the time of use.

Fee for purchasing digital signatures (tokens) for tax declaration

Cost of opening a business bank account

Registering to open a business bank account usually has no fee, but banks often require businesses to pay a deposit-like amount of money to open an account.

This is often called the “minimum balance required” or “minimum funds required” in the account. When registering a business, businesses need to open a bank account for the business to transact and pay taxes according to mandatory regulations. This amount is not an account opening fee, but an amount of money that the business must keep in the account as a type of security for the bank. This money generally cannot be withdrawn or used for transactions, and it will be held by the bank for the duration of the account.

Currently, the procedure for opening a business account is usually free of charge. However, the business must pay and ensure the balance in the account is 1 million VND.

Fees for purchasing electronic invoices and issuing invoices

Fees for purchasing electronic invoices and issuing invoices are one of the fees that businesses must consider when conducting commercial transactions in Vietnam. According to the provisions of Article 90 of the Law on Tax Administration 2019, Article 4 of Decree 123/2020/ND-CP dated October 19, 2020 of the Government regulating invoices and documents, from July 1, 2022, businesses Businesses are required to use electronic invoices when issuing invoices to customers.

The cost for electronic invoices that businesses need to pay is about 850,000 VND – 2 million VND depending on the number of registered invoices and the price of the electronic invoice provider.

License fees

The license fee is a fee that businesses must pay to tax authorities every year in Vietnam.

The license fee is usually calculated based on the registered charter capital of the business.

According to Clause 1, Article 4, Decree 139/2016/ND-CP dated October 4, 2016 of the Government regulating license fees and Clause 1, Article 4, Circular 302/2016/TT-BTC dated November 15, 2016 of the Minister of Finance guiding on license fees and license tax rates for organizations engaged in production and trading of goods and services as follows:

• Organizations with charter capital or investment capital of over 10 billion VND: 3,000,000 (three million) VND/year;
• Organizations with charter capital or investment capital of 10 billion VND or less: 2,000,000 (two million) VND/year;
• Branches, representative offices, business locations, public service units, other economic organizations: 1,000,000 (one million) VND/year.

Comprehensive business establishment registration fee in Long Phan

Depending on the scale and complexity of the project, type of business and specific customer requirements, Long Phan will propose a service package with an appropriate cost. Normally, the cost of registering a business will be determined based on the following factors: Scope of service, workload, specialized requirements, etc. For more detailed information, please see Contact Long Phan directly to receive a quote for business registration costs and the best advice.

Cost of consulting services and business establishment package

Business establishment registration fee may not be too large, but businesses must carry out many different procedures. To save time and costs most effectively, founders can consider using business establishment consulting and support services. Please contact Long Phan immediately via hotline 0906.735.386, for quick advice and support.