When registering for company formation, legal regulations impose mandatory requirements that may cause difficulties for many clients during registration. Below are common issues encountered during company registration that you should understand to facilitate a smoother process.
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What to prepare for company registration?
The necessary procedures and documents required by the authorities to certify company establishment are generally well understood by most clients. However, some cases involve incorrect or incomplete documents, leading to delays that can affect subsequent plans. Therefore, what should be prepared to ensure quick registration?
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Identify necessary factors before registration
Before proceeding with registration, certain factors must be determined before making a decision:
1: Confirm whether the individual has full civil capacity. Whether the individual is among those prohibited from establishing a business such as civil servants, etc.
2: Determine the number of shareholders involved in contributing capital, which affects the type of company established.
3: Choose the appropriate registration form, e.g., One-member LLC, Multi-member LLC, Joint-stock Company, or Private Enterprise.
4: The company name must not duplicate or cause confusion with previously registered company names in the national database.
5: The company’s headquarters address
6: Business lines
7: Charter capital
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Identity Documents
For a smooth registration process, the applicant must have a valid passport or CMND/CCCD.
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Registration files
1: Business registration application
2: Company’s charter
3: List of company’s shareholders
4: Other relevant documents
Do you need a degree to establish a company?
According to legal regulations, requirements differ depending on the business sector when establishing a company.
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Persons without rights to establish a business
According to Vietnam’s Law on Enterprise 2014, specifically Article 18, paragraph 2, persons unauthorized to establish a business include: officials, civil servants, employees, individuals with civil capacity loss, individuals under temporary detention, bail, or serving a fixed-term imprisonment, etc.
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Business sectors requiring a degree
However, some domestic business sectors are split into conditions-based and unconditional categories. For condition-based sectors, certain requirements regarding capital and educational background must be met when registering a company.
Conclusion: It can be seen that individuals without a degree are not inherently barred from establishing a business. The necessity of having a degree depends on the nature of the business sector. Each sector has different conditions and requirements for registration.
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A clear understanding helps applicants prepare the necessary documents quickly. To shorten the registration process, clients should seek fast consulting services at competitive prices like apecdoc.org.
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Hope this shared information helps you master what you need to know about establishing a company. It also answers common questions about registration procedures and documents.
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