What is Needed to Establish a Joint Stock Company

Establishing a joint stock company is one of the most popular types of business entities used in Vietnam. Because this form of establishment offers financial benefits as well as other advantages in business operations. Consequently, the joint stock business model is increasingly common. But when what is needed to establish a joint stock company to comply with business laws and avoid legal issues in Vietnam? Let’s explore this with legal experts below.

What is needed to establish a joint stock company

After having all the factors for establishing a joint stock company, what documents are necessary to apply for the company’s establishment certificate?

• Application documents for establishing a joint stock company

According to the Business Law, the complete application dossiers for establishing a joint stock company are very important. However, based on regulations, each type of business will have different required documents. Therefore, to register for establishing a joint stock company, you need to prepare the following documents:

1: Application for registration of company establishment

2: The charter of the joint stock company

3: ID/CCCD of shareholders

4: List of founding shareholders

5: Business registration certificate/decision on business registration for organizations and personal accreditation documents, authorization letter from the organization’s representative.

6: Capital contribution decision of shareholders

• Post-establishment tasks

And after about 3 to 5 days from submission of valid documents, the applicant will receive the establishment certificate of the company. After completing the registration process, the following tasks need to be done:

1: Declare and pay initial taxes

2: Open a bank account for the company and notify the account number

3: Purchase digital signature for the enterprise

4: Hang the company signboard

5: Carry out procedures to issue electronic invoices

6: Complete all conditions regarding documents, capital, and licenses

• Conditions for establishing a joint stock company

And similar to other types of companies, the conditions for establishing a joint stock company include:

1: The company’s name must be unique, not causing confusion or duplication with previously registered companies.

2: The company’s registered office is required for convenient transactions, tax declaration, and business registration.

3: Register the business lines according to the system of industry codes of the national economy. For conditional business lines, the conditions for establishment must be satisfied.

4: The director or general director must be a person who does not need to hold the position of director or general director.

5: At least 3 founding shareholders are required to establish a joint stock company.

6: The charter capital is the contributed capital of shareholders or commitments to contribute within a specific timeframe, recorded in the company’s charter.

apecdoc.org consulting on what is needed to establish a company quickly

After understanding what is needed to establish a company, to expedite the registration process, it is recommended to seek support from consulting units. If you need legal advice on establishing a joint stock company, you can contact apecdoc.org, a provider of fast, affordable company formation services that will bring customer satisfaction:

• Professional consultants will help answer all questions related to business law and Vietnamese law.
• Complete application packages are provided for easy submission of valid registration dossiers.
• Various service packages are offered, giving many options to customers.
• Home-based consulting services available for customers in need.
• All procedures and legal processes are guaranteed to comply with regulations and standards of business law.
• The company always updates the latest regulations of business law to help customers better understand.
• Committed to completing dossiers within the agreed timeframe without any additional costs.

With the above information, you now have a precise answer about what is needed to establish a joint stock company. Hopefully, this sharing will assist you in smoothly registering your joint stock company. For more details about legal regulations for establishing a joint stock company, please contact apecdoc.org for the fastest advice.