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What Is the Company Formation Process?

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Company Formation Process like this? is what most individuals, organizations want to register a company refer to on forums, social media. But to get the registration certificate quickly, all necessary procedures and documents must be fully completed. So, what ensures a quick company registration process complies with enterprise law?

What is the company formation process?

What is the company formation process?

According to shared insights by attorneys in the corporate legal consultancy sector as well as individuals and organizations who have registered a company. To streamline the registration process, perform the following specific steps:

  • Stage 1: preparing full information and required documents

Before the Department of Planning and Investment issues the business registration certificate, authorized individuals and organizations must prepare the necessary dossiers as follows:

– Step 1: select the suitable enterprise type based on purpose and requirements to understand its features, then prepare the complete dossier.

– Step 2: prepare the necessary documents for company registration, including ID card or passport of the shareholders.

– Step 3: choose a company name that does not duplicate or cause misunderstandings with registered company names on the National Business Registration Portal.

– Step 4: determine the legal address of the company’s headquarters.

– Step 5: decide the charter capital at the time of establishment. This capital will be contributed by the members/shareholders and stated in the company’s charter.

– Step 6: determine the legal representative of the company.

– Step 7: confirm that the company’s business lines are compliant with laws and regulations regarding business registration.

  • Stage 2: preparing and submitting documents

After finalizing the key issues in stage 1, the authorized person will prepare the dossier for submission to the Department of Planning and Investment.

The dossier should include all documents required by Article 20 of Decree 43, then submit it to the business registration office at the provincial or city level where the company’s headquarters is located.

Note:: the submission process does not require the legal representative themselves to submit the documents. They can authorize a third party by providing a valid Power of Attorney per Article 9 of Circular 01/2013/TT-BKHĐT dated 21/01/2013.

  • Stage 3: creating a legal seal for the company

Within 3 to 5 days after receiving valid dossiers, the registration applicant will receive the results. Upon receipt of the business registration certificate, the company proceeds to create its legal seal. This can be done by bringing the copy of the registration certificate to a seal engraving shop to have the company’s legal seal made.

  • Stage 4: completing post-formation procedures

After completing the mandatory steps of receiving the registration certificate, the company must declare initial taxes with the tax authorities via digital signature services. It must also publish notices, submit tax declarations, and pay the business license tax according to the Ministry of Finance regulations.

Furthermore, the company is required to declare the VAT calculation method, print invoices, and affix or hang “sample invoices link 2” at the company’s location. It should also prepare all conditions for conditional business lines.

Apecdoc.org supports the company formation process

Apecdoc.org supports the company formation process

If during the company registration process you encounter difficulties regarding decisions, required documents, or conditions mandated by law, you can contact apecdoc.org for timely consultation and support to shorten the registration time.

Apecdoc.org offers complete package services for company registration. With a team of experienced professional staff, the organization will help you perform the company establishment procedures quickly.

The shared company registration process will help you identify key points to note, making it easier to obtain the company registration certificate and prepare all necessary documents, making the registration process more convenient, saving time and costs.

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