• Personal legal information (Information matching VNIED)
• Prepare the following information: Head office address, Enterprise name, Description of business lines, Information on registered charter capital, Information of legal representative, Owner, Capital contributing members or Shareholders.

The legal structure of the Company name is as follows :

Pursuant to Articles 37, 38, 39, 41 of the Enterprise Law 2020

• The Company name in English is translated from the Vietnamese name of the Enterprise.
• The enterprise's proposed name must not be identical or cause confusion with another enterprise.
• The Enterprise name must not violate the prohibition on naming

When establishing a company, what is the minimum charter capital?

Pursuant to the provisions of Article 34 of the Enterprise Law 2020

Capital contributed assets are Vietnamese Dong, freely convertible foreign currencies, gold, land use rights, intellectual property rights, technology, technical know-how, and other assets that can be valued in Vietnamese Dong.

Currently, there is no mandatory regulation when establishing a Business/Company to register the minimum charter capital when registering to establish a Business/Company, so an Enterprise should register a suitable charter capital. management of assets contributed as capital when establishing a Business / Company.Except in cases where conditional professions are required to register a minimum capital contribution.

Note :

For Individuals contributing capital to establish a Business/Company, there is no need to transfer money via bank and there is no agency to check, but the individual must commit to making a full capital contribution within the capital contribution period.

Common types of taxes for businesses are as follows:

• Corporate Income Tax: Under current regulations, micro, small and medium-sized enterprises are exempt from corporate income tax for the first three years after establishment (applicable where the owner or highest capital-contributing member has not acted as legal representative of, or contributed capital to, any other company), or exempt from tax if annual revenue is under VND 1 billion.
• Value Added Tax: Indirect tax collected from customers and consumers. Businesses only pay on behalf of customers and consumers.
• Import tax: Applicable to goods imported from foreign countries into Vietnam or exported from export processing zones).
• Special consumption tax: For business items subject to application.
• Environmental tax: Applicable to applicable items.
• Other taxes if business items are applicable.

Your business can update the latest news about TaxHERE

Who has the right to start a business?

Pursuant to Article 17 of the Enterprise Law 2020

Every organization and individual has the right to establish a Business/Company in Vietnam. (Except for some cases such as people under 18 years old, people who are 18 years old but have lost consciousness, civil servants and public employees according to regulations, people being prosecuted for criminal liability, army officers, and people's police officers...).

The legal representative of an enterprise is the individual who, on behalf of the company, exercises the rights and performs the obligations arising from transactions, and represents the enterprise in legal proceedings before the Court, Arbitration and administrative agencies.

The head office of the enterprise is located in the territory of Vietnam, is the contact address of the enterprise and is determined according to the administrative unit boundaries; include phone number, fax number and email (if any).

Apartments cannot be used as headquarters of the Enterprise unless the apartment has a Commercial function as confirmed by the Investor or a Competent Authority. Xem thêm