1. What do you need to prepare to establish a company/business in Ho Chi Minh City?

The team of Lawyers at Truong Quyen Law Office - Davilaw Branch will support customers to establish a fast, comprehensive business in Ho Chi Minh City with simple documents. Customers only need to provide the following information and documents:

• Provide information about: company name, company address, legal representative of the company...;
• Provide notarized or authenticated copies of ID cards (or Passports) of those contributing capital to the enterprise you plan to establish.

2. What tasks will the company/business establishment service in Ho Chi Minh City perform?

We provide consulting services on legal issues in business operations as follows:

• Verify contracts and transaction documents between your business and partners
• Participate in negotiations with partners on projects and cooperation related to legal issues
• Consulting and implementing company administrative procedures with state agencies: registration of establishment, company mergers and acquisitions, trademark registration, sublicense application
• Representing businesses in trials and litigation cases.

3. Content of consulting on establishing a company/business in Ho Chi Minh City

 Consulting on choosing types of companies/businesses

• To establish a company in Ho Chi Minh City, you need to choose the appropriate type of business, so the business owner will easily put the company into operation. Enterprises need to base on the number of members contributing capital, business operating conditions or the wishes of the enterprise and choose the appropriate type for the company.
• Currently, businesses can choose one of the following types to register their business such as: joint stock company, limited liability company with one member, limited liability company with two or more members, partnership, private enterprise.

Consulting on charter capital and initial capital

• If you want to establish a company, you must definitely prepare capital. The capital level may depend on financial capacity or industry regulations on minimum capital.
• We advise on setting the level of charter capital and legal capital appropriate to the business line and in accordance with reality, advise on the payment of license tax, income tax, value added tax, and advise on chemistry. single input output.
• In addition, when opening a company, the business must declare its charter capital. In some cases, this amount of capital needs to be proven, in other cases it is not. Because currently the law does not have specific regulations on the maximum or minimum charter capital that businesses need to declare when registering their business. That means businesses can register charter capital from a few million VND to several billion VND.
• However, businesses must note that in the case of registering a business line that does not require capital conditions, it is possible to register charter capital depending on the company. But if an enterprise registers to do business in an industry that requires capital, specifically legal capital, it must declare a minimum charter capital equal to or greater than the prescribed legal capital.

Consulting on how to name a company/business

  Currently, the current way of naming companies/enterprises is regulated in the Enterprise Law 2020, accordingly:

• The company name must have a complete structure including business type and personal name. Personal names are written with letters in the Vietnamese alphabet, the letters F, J, Z, W, numbers and symbols. Enterprises prohibit the use of culturally inappropriate words and symbols in their names. It is forbidden to use the name of a state management agency to name a company. In particular, businesses must not name their company the same as previously registered businesses

  To avoid duplicate names, you should look up the name carefully before registering the company name. 24H Law we will advise business owners to choose a good, beautiful, meaningful company name and especially in accordance with the law: Consulting on choosing a Vietnamese name, foreign name, delivery name Translations and abbreviations in accordance with the actual operational needs of each company's industry.

  The business name must be selected, looked up, and named early to avoid being lost by another business.

Advice on how to set a business registration address

• Consulting on where to place the business address/branch address/representative office address/business location address in accordance with planning. If you do not have an address to place your business, Nam Viet Luat can advise on choosing a suitable business address.
• Having a company address, new businesses can register to open a company. Therefore, businesses must prepare a correct, specific company address within the territory of Vietnam. Do not use fake addresses.
• It is forbidden to place the company address in an apartment building, dormitory area or in an area prohibited from being a business address. To save costs, businesses can take advantage of their own independent home or borrow the home address of friends, relatives... as the business registration address when establishing a company.

Consulting on business registration

• To do business, sell goods, and produce, businesses need to register related industries, so they can fulfill their business purposes.
• In case the company registers to do business in an industry that does not require conditions, it does not need to meet the conditions and can directly operate business immediately after obtaining a license.
• In case an enterprise registers to do business in an industry that requires certain conditions, it will need to meet the conditions of capital, practice certificate, license... according to the law before it can go into business.

  We will advise on choosing a business line that is suitable for the latest industry system in Vietnam. Consulting on choosing a business registration with conditions on practice certificates and legal capital conditions.

Consulting on legal representatives

The legal representative of the enterprise is responsible for exercising the assigned rights and obligations honestly, carefully, and in the best way to ensure the legitimate interests of the enterprise. Therefore, it is necessary to choose a person who is competent, experienced and able to perform well the responsibilities of a legal representative of the company.

It is possible to let the chairman, director... act as the legal representative for the company. TRUONG THUEN LAW OFFICE - DAVILAW ​​BRANCH will advise on the selection of legal representatives for the company, helping the company maximize its potential for best development.

The representative can change after the company goes into business. If you are not satisfied, you can proceed with the procedure to change the representative. We will support businesses in implementing procedures to change representatives as quickly as possible.

Consulting on procedures after establishing a business/company

In addition, TRUONG QUANYEN LAW OFFICE - DAVILAW ​​BRANCH will advise, guide and complete all related procedures on your behalf after establishing the company, such as:

• Consulting on tax declaration and payment:
• Consulting on engraving company seal
• Consulting on capital contribution to the company
• Register a bank account
• Hire and use accounting services
• Buy electronic digital signature
• Announcement of business registration content

4. How long does it take to open a company in Ho Chi Minh City?

Truong Quyen Law Office - Davilaw Branch will support customers to establish businesses and open companies in Ho Chi Minh City as quickly as possible. Time to complete the job is 06 working days from when the customer provides the necessary information and documents, including:

After 03 working days, have business registration and tax code;

After 03 more working days, there will be the company seal and seal sample certificate;

Working day is understood as the day a state agency is open for business.

In addition, we quickly complete company establishment procedures with only 1-3 working days depending on customers' needs.

5. Cost of establishing a company in Ho Chi Minh City

• Fixed fee: Agreed by the parties from the beginning after the lawyer has finished studying the documents and specific legal situations. If the customer needs in-depth advice or new circumstances arise that affect the process of resolving the work, the parties can renegotiate the costs using a contract appendix or new legal contract;
• Result fee: To ensure fairness, speed, and efficiency when using the service, the parties sign an additional contract promising rewards. Customers only have to pay after receiving the results as promised;

Service costs do not include taxes and fees that businesses must pay according to the provisions of law.

6. Complete process of establishing a business/company in Ho Chi Minh City

• Step 1: Identify capital contributors to establish the company and choose the appropriate type of business.
• Step 2: Choose the company name, headquarters address and appoint company leaders.
• Step 3: Prepare the company's charter and sign the business registration documents.
• Step 4: Apply for a Business Registration Certificate.
• Step 5: Decide on the form and number of round seals and engrave the company seal.
• Step 6: Open a bank account and notify the bank account information to the tax authority.
• Step 7: Register for a digital signature and online tax declaration and payment account.
• Step 8: Notice of use of electronic invoices.

With a team of experienced lawyers and highly specialized knowledge of corporate law. Truong Quyen Law Office - Davilaw Branch is committed to providing customers with the best quality of service.