What is company registration Vietnam service?
Company establishment service or business establishment service is a consulting service, providing optimal support for individuals or organizations on legal issues or business registration procedures to establish a new company or business. This service includes things like preparing documents, choosing the appropriate type of business and consulting on necessary legal regulations. Thereby helping individuals or organizations easily complete legal documents according to the Law on Enterprises to start Foreign business expansion Vietnam.
1. What is company registration Vietnam?
Company establishment, setting up business Vietnam is the act when an individual or an organization wants to do business and carry out legal procedures at the competent authority to determine the legal status of the company, and also to ensure that the activities of that business are protected by the legal system of the Vietnamese state.
Along with this process, customers also need to fully prepare business conditions to help an organization operate, including: offices, factories, machinery and equipment, etc. Establishing a business must ensure
- Individuals and organizations are those who have the right to establish a business according to state regulations
- Fully meet the conditions for conditional business lines
- Must ensure the requirements for headquarters, business capital, business name, etc.
This concept can be understood from two perspectives
Register a company in Vietnam
1.1 Economic perspective
Establishing a company is the process of fully preparing the necessary business conditions to establish an economic organization. Business entities need to prepare names, headquarters addresses, personnel, initial capital, technical equipment to ensure suitability for business, services or production of goods. Normally, the founder of a business will have to prepare steps on human resource planning, customer systems, capital sources, etc. to shorten the time to enter the market as well as create more business opportunities. Below are some issues that people should research and refer to before decide Vietnam market entry strategy
- Carefully research the market, business environment as well as consider business opportunities
- Choose and research the legal form of the business
- Research on choosing the location of the company/business headquarters
- Research and establish a production and business system.
1.2 Legal perspective
From a legal perspective, establishing a company is considered a legal procedure that business owners need to carry out at management agencies and competent state agencies. The level of simplicity or complexity of these documents and procedures depends on the type of company.
In addition, depending on the laws of each country, the company or investor must also carry out a few different legal procedures to comply with the laws of that country to fully meet the legal basis for that enterprise to do business in those countries, specifically:
- Investment registration procedures: Investment projects or the establishment of economic organizations must register for investment.
- Procedures for granting business certificates: This procedure is for investors to choose conditional business lines
2. When should you establish a company?
You should consider establishing a company/enterprise when:
- Your business requires the issuance of value-added invoices.
- You need legal status to sign contracts for purchase, sale, production, service provision, etc.
- You need to legalize your business activities to comply with the provisions of the law.
3. What are the conditions for setting up business Vietnam?
When establishing a company, Setting up business Vietnam from 2025 onwards, the following conditions must be met:
3.1 General conditions:
Conditions on legal representatives and owners
- For organizations: Must have legal status.
- For individuals: Must be 18 years of age or older and have full civil act capacity.
Not in the group of subjects prohibited from establishing an enterprise according to the provisions of Article 17 of the Enterprise Law 2020 No. 59/2020/QH14.
Vietnam market entry strategy
3.2 Conditions on company name
- The company name must consist of two elements: type of enterprise and proper name.
- The company name must be attached at the business location, head office, representative office and branch.
- The business name must be recorded on all records, documents, publications and transaction papers of the enterprise.
- The company name must not violate the ethical, cultural and traditional values of Vietnam.
- The company name must not violate the naming regulations according to Article 38 of the Enterprise Law 2020 No. 59/2020/QH14.
3.3 Conditions on company address:
Must be a specific, accurate and clear address for conducting transactions and business activities and must not be located in a residential apartment building
3.4 Charter capital:
It is necessary to determine the charter capital for business registration. Charter capital is the amount of capital contributed or committed to be fully contributed by the owner, members or shareholders within a certain period of time (no more than 90 days from the date of issuance of the Certificate of Business Registration) and must be recorded in the Company Charter.
3.5 Determine the business line:
The business line you register must be permitted by law and the enterprise must meet all the necessary conditions for that business line (if any).
3.6 Determine the type of company:
Business owners need to consider and choose the appropriate type of organization, based on criteria such as tax liability, legal liability, transferability, supplementation, replacement and business scale to ensure efficiency in business operations.
4. S4B Vietnam – A reputable and quality consulting company for establishing companies/enterprises in Hanoi
S4B Vietnam provides legal solutions, administrative procedures and issues related to company establishment. The company is trusted and chosen by thousands of businesses in Hanoi and around the world who want foreign business expansion Vietnam.
During the consultation process of Company registration Vietnam, you will be fully supported with information on types of businesses, establishment conditions, registration documents, administrative procedures, Vietnam market entry strategy and other related issues.
Come to S4B Vietnam’s business establishment service. You will not need to travel, save maximum costs and receive support for necessary procedures for new businesses. We are committed to the outstanding advantages in implementing business establishment!
S4B Vietnam
- Address: Unit 701B – 701C, Tower A, Handi Resco 521 Kim Ma Street, Ba Dinh District, Hanoi, Vietnam.
- Tel: + 84 24 3974 4181
- Email: service@s4b.com.vn
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