Due to the development of the economy – society today, the capital contribution connections among individual units are becoming more and more common. The establishment of a joint stock company can minimize business risks for individuals. As a result, setting up a joint stock company has become a popular business form in the market. But what procedures and documents are required to establish a joint stock company?
Nội dung bài viết
Necessary Documents for Joint Stock Company Formation
According to legal circular 02/2019/TT-BKHĐT and the Law on Enterprises 2020, the required documents when establishing a joint stock company are as follows:
- Application for registration of joint stock company
- Charter of the joint stock company
- ID/CCCD or valid passport of the shareholder.
- List of founding shareholders
- Business registration certificate / Decision on business establishment for organizations and supporting personal identification documents, authorization letters from the representatives of organizations.
- Shareholder’s capital contribution decision
Procedures/Process for Setting up a Joint Stock Company
Following the legal procedures for establishing a joint stock company under Vietnamese law and the Law on Enterprises, the steps are as follows:
- Step 1: Receive application information for establishing a joint stock company
- Step 2: Announce the content of the registration of the joint stock company
- Step 3: Carve the company’s seal and notify the company’s seal
- Step 4: Notify the adoption of the tax calculation method
- Step 5: Open a bank account for the company
- Step 6: Register for electronic digital signature for convenient e-tax filing
Key points to know when establishing a joint stock company
After understanding the procedures and necessary documents for establishing a joint stock company, the authorized representative must also understand some key points below:
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What is a joint stock company?
A joint stock company is understood as the capital linkage among individuals to create a joint stock company. It is a type of enterprise that has the exclusive right to issue shares and to mobilize capital in the stock market.
The purpose of a joint stock company is to reduce the risks that investors may face during business activities. It is also a way to achieve higher profits for investors by choosing to contribute capital to establish a joint stock company.
A shareholder is an individual or organization that legally owns a part or all of the invested capital in a company. According to the 2014 Law on Enterprises, Article 4, paragraph 2: “a shareholder is an individual or organization owning at least one share of the joint stock company. Founding shareholders are those owning at least one common share and signing in the founding shareholder list of the joint stock company.”
According to corporate law, a person must own at least one share of the joint stock company to be considered a shareholder. This includes those contributing capital directly based on share face value or purchasing common shares via the stock market, all of whom can become shareholders of the joint stock company.
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Although the legal process for establishing a joint stock company is clearly defined step by step, it can be challenging for some individuals due to lack of understanding of the enterprise law, leading to incomplete or incorrect paperwork, which may require re-registration, wasting time and costs. Thus, the formation service has been established to help clients address these issues effectively.
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The above information aims to help you understand the procedures, documentation, and essential steps for registering a joint stock company. It also provides answers to common questions during registration.
However, to ensure the registration process proceeds smoothly and rapidly, don’t hesitate to contact apecdoc.org for professional advice and support.
