According to the Vietnam Business Law: Before a company can commence operations, it must have company establishment permit. The company establishment permit is a mandatory document that facilitates lawful business activities and secures subsequent transactions. So, what exactly is a company establishment permit? What is its role?
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What is a company establishment permit?
Registering a business license for that enterprise is the first step in company formation. Before proceeding with registration procedures, it is crucial to understand what a company establishment permit is.
A company establishment permit is a certificate issued by the Department of Planning and Investment’s Business Registration Office to individuals or organizations. It is the obligation that the state fulfills to protect the ownership rights of the business name, based on current legal regulations.
Procedurally, the certificate is a document requesting business registration, also serving as a component of the complete and valid application dossier. It is issued after the Department of Planning and Investment assesses compliance with the criteria set by government agencies.
In other words, a business establishment permit is a means by which the government manages enterprises in the market. Therefore, individuals and organizations are required to complete the licensing procedures to establish a company.
Role of the company establishment permit in documents
Before a company begins operations, it must register and obtain a company establishment permit because:
- It is a certification showing the company has fulfilled its obligations when completing the formation procedures.
- It is a condition enabling businesses to operate legally.
- It is a means by which the state protects the ownership rights of the business against organizations and individuals.
- It serves as an announcement of the business information to customers.
- It helps customers distinguish the unit from others.
What to do after receiving the company establishment permit?
Obtaining the enterprise registration license is now a mandatory requirement for all enterprises. After receiving this license, the following tasks must be completed:
- Engraving the company seal and announcing the seal sample
- Opening a bank account for business transactions
- Declaring and paying the business license tax
- Putting up the company signage
- Purchasing a digital signature certificate
Apecdoc.org helps register the company license quickly
Thus, the company establishment permit is an indispensable certificatory document for business formation. But to make the process of application easier, applicants or authorized representatives should understand Vietnam’s business laws and regulations thoroughly.
However, legal provisions are often complex and difficult to understand fully. Therefore, an effective solution at this stage is to contact a consulting agency that can assist you with the licensing process.
Apecdoc.org is a trusted partner offering customer satisfaction through expert consultation on business registration licensing. In particular, it offers:
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Business registration service provider
For clients lacking time or facing difficulties in processing procedures, the agency can provide professional consulting services for business establishment registration.
Through these services, customers can promptly understand the process and confidently delegate the company registration process to the trusted agency.
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Experienced agency
With many years of operation, Apecdoc.org has assisted hundreds of thousands of clients in successfully registering their companies. The agency always ensures that all application procedures comply with Vietnam’s enterprise law, making the registration process both straightforward and legally compliant.
Additionally, the agency offers a variety of service packages for business registration, each with clear pricing and requirements to meet customer needs and save costs.
Therefore, from the latest insights shared here in 2023, you now understand why a company establishment permit is essential. You can also confidently entrust your business registration to a reputable, fast, and affordable service provider like Apecdoc.org.
With many years of experience and a team of professional staff, Apecdoc.org promises to deliver rapid and tailored business license application services.
