“No business, no wealth”! To participate in business activities, establishing a company is the first procedure for traders to enter the market. Accordingly, in order for a company to be established, it is necessary to carry out procedures to apply for a Business Registration Certificate at the Business Registration Office – Department of Planning and Investment where the enterprise is headquartered and carry out other procedures. Related legal and accounting procedures. After nearly 20 years of operation in the field of corporate and commercial legal consulting and with a team of lawyers, tax experts, and accountants with practicing certificates, in-depth knowledge and long-term experience, the Company Viet An law firm has supported tens of thousands of entrepreneurs to start a business, establish a company/establish a business each year. We are proud to be a law firm that provides the most professional company establishment services, with the most reasonable costs and fastest time in 63 provinces and cities nationwide. The article has been updated with legal bases until July 4, 2023.

When should you establish a company?

If you have needs related to the following business activities, you should establish a company:

• There are many customers who request to issue a deducted value-added invoice for their business activities;
• Partners, suppliers and customers need to sign a contract with a legal entity.
• Clear, methodical and profitable business accounting to ensure business operations according to regulations.

Conditions for establishing a company

To establish an investor company, the following conditions must be met:

• Investors must be 18 years old;
• Not subject to the ban on establishing a business;
• You can establish a company in any province or city you want without restrictions on household registration or permanent residence.
• Excluding some special cases, the law does not limit the number of companies one person wants to establish.

Before establishing a company, what documents must you prepare?

According to the provisions of the Enterprise Law 2020, the Government’s Decree No. 01/2021 on business registration, to apply for an enterprise registration certificate, an enterprise needs to prepare the following information and documents:

• Notarized copies of people’s identity cards or citizen identification cards or valid passports of members, founding shareholders of the company, the company’s legal representative (for the hired representative) are not concurrently shareholders or members of the company).
• Information related to company name, address, capital, business lines.
• The most important documents are copies of ID cards/passports/citizen identification cards of the list of company members, founding shareholders and company representatives.

Company establishment profile

According to the provisions of the Enterprise Law 2020, Decree No. 01/20121 on basic business registration order and procedures must include the following documents:

• Application for business registration.
• Draft corporate charter;
• List of members for two-member limited liability companies or list of founding shareholders for joint stock companies;
• A valid copy of one of the personal identification papers
• A written authorization for the representative of the capital portion if the organization contributes capital to the establishment of the company.
• Other documents in special cases.