For a straightforward registration process when establishing a company, the registrant must understand the key issues. Therefore, what is needed to establish a company, we share the main answers collected from experts in corporate law and clients who have used the services as follows.
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What is needed to establish a company?
To proceed with business registration, essential preparations are very important. So, what is needed to establish a company?
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Determine factors before registering a company
To prepare a complete registration dossier, individuals and organizations need to identify several factors before applying for the certificate.
1: Identify members and shareholders of the company
2: Choose the type of business of the company
3: Name your company
4: Main office of the company
5: Determine the business industry
6: Charter capital of the enterprise
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Prepare full documentation
Documents required for company registration are among the mandatory regulations of the enterprise law. Depending on the type of enterprise—such as one-member LLC, two-member LLC, joint-stock company, private company, or partnership—the required documents and files differ. Therefore, preparing a complete file in accordance with the specific business type will help speed up the document review process.
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Understand procedures and processes of company formation
Having a clear understanding of the procedures and processes of company formation will help individuals and organizations save significant time and costs during registration. Each process to obtain a company establishment certificate has different requirements and fees.
If registrants do not comprehend the process correctly, they might need to redo steps, which creates obstacles and wastes time in registration. This can also affect the operational timeline of the business. Therefore, understanding the procedures and processes is crucial for shortening the registration duration.
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Successfully complete post-formation tasks
After obtaining the company establishment certificate, there are additional compulsory tasks according to the laws of enterprise and Vietnam. These include:
1: Engraving a stamp and notifying stamp sample
2: Opening a bank account for the company to facilitate transactions and reduce taxes
3: Submitting tax declaration and paying license fee
4: Displaying the company signboard
5: Purchasing electronic signature
