The most economical cost of establishing a company in 2024

Article overview

The cost of establishing a company is a factor that directly affects the startup budget. To save costs in 2024, choosing a registration method and optimizing expenses from the beginning is extremely necessary. Understanding costs is extremely important in optimizing business establishment costs. This article will help customers make financial plans for business establishment activities.

 Current cost of establishing a company
Current cost of establishing a company

In what cases are business registration fees waived?

Pursuant to Article 5 of Circular 47/2019/TT-BTC, business registration fees are exempted in the following cases:

  1. Enterprises that add or change information due to changes in administrative boundaries are exempt from business registration fees and fees for publishing business registration contents.
  2. Register for enterprise dissolution or business suspension; Termination of branch operations, representative offices, business locations are exempt from business registration fees.
  3. Enterprises that register their business online are exempt from business registration fees.
  4. State agencies requesting to provide information to serve state management are free to provide business information.
  5. Small and medium-sized enterprises converting from business households are exempt from business registration fees and fees for providing business information for the first time.
 Cases are free of fees and charges
Cases are free of fees and charges

The cost of establishing a company

These fees are calculated based on the type of business and registration method. Each expense has a clear legal basis.

  • Business registration fee: 50,000 VND/registration;
  • Fee for publishing business registration content: 100,000 VND/time;
  • Cost of engraving business seal;
  • Cost of purchasing digital signature;
  • Cost of opening a bank account;
  • Cost of purchasing electronic invoices and issuing invoices;
  • License fees need to be paid.

Things to note when establishing a company to save costs effectively

Establishing a business requires a reasonable financial strategy. The process of preparing complete documents will help avoid incurring unnecessary costs.

  • Register online to waive the fee: Register online to waive the registration fee. This is a way to save costs right from the beginning of establishing a business;
  • Prepare complete and accurate documents: Make sure to prepare complete and accurate documents as required by the authorities to avoid having to resubmit documents multiple times, causing waste of time and additional costs;
  • Compare service prices from multiple providers: You should compare quotes from multiple providers to choose a service that fits your budget while still ensuring the quality of work;
  • Take advantage of preferential policies on fees and charges: Be proactive in learning about and taking advantage of preferential policies on fees, charges or support programs for new businesses. These incentives will help businesses significantly reduce costs during the establishment process;
  • Choose a headquarters location that suits your budget: Choosing a headquarters location requires careful consideration, ensuring it fits the budget and long-term development strategy of the business. Factors such as rental costs, traffic and the area’s development potential need to be carefully considered;
  • Clearly define the scope of business activities: Clearly defining the scope of activities from the beginning will help you avoid having to adjust your license later, save time and costs, and avoid unnecessary problems.
Important notes to keep in mind
Important notes to keep in mind

Consulting service on the most economical cost of establishing a company in Long Phan

Long Phan provides comprehensive consulting services on business establishment. With many years of experience in the business field, we provide customers with the following services:

  • Consulting on documents and procedures for establishing a business quickly and accurately;
  • Consulting on costs when establishing a business;
  • Consulting, guiding preferential policies and implementing procedures to receive incentives when establishing a business;
  • Tax and accounting consulting and guidance on related procedures;
  • Support detailed financial planning in accordance with customer’s budget;
  • Consulting on risk costs that may arise and measures to minimize them;
  • Consulting on other related issues.

For detailed advice on the cost of establishing a company and related procedures, please contact Long Phan via hotline: 0906735386. We will assist customers in choosing the most cost-effective option, while ensuring full compliance with regulations during the business establishment process.