Viet My was established and has been operating for a long time in the law industry, specializing in providing company establishment service of District 7, Ho Chi Minh City, making business registration licenses, registering individual business households in District 7… We provide company establishment services as an effective solution for all organizations and individuals who have no experience in establishing a business in HCM.

1. What type of enterprise should be chosen when establishing businesses in District 7?

Based on operational needs and current situation, customers can choose one of the following types of business:

• One-member limited liability company: This type of company is suitable for individuals or institutions that invest.
• Limited liability company with 2 or more members: This type of company requires a minimum of 2 members and a maximum of 50 members to provide capital.
• Joint Stock Company: This type of company requires at least 3 investors, but does not have the maximum number of investors.
• General partnership: At least two partners (hereinafter referred to as general partners) who jointly own the partnership and do business under a common name are required. In addition to individual responsible partners, the company may have other investors.

2. Procedures and documents for registering a company in District 7

Before registering your business in District 7, your company prepares the necessary conditions according to the Company Law. Things you need to know before establishing a business or contact Viet My for detailed and comprehensive advice on related issues.

Below, the process of establishing a company in District 7 is carried out according to the following steps:

2.1 Prepare procedures for establishing a business in District 7

To establish a company in District 7, it is necessary to carry out a series of procedures according to Articles 21, 22, 23, 24 of Decree 01/2021/ND-CP on business registration, depending on the type of company chosen. i need to do it. create a document. The list of records contains:

• Business registration form
• Company establishment profile. List of employees or list of shareholders (for limited liability companies with two or more employees and public limited liability companies)
• Copy of passport, copy of identity card, copy of identity card with company registration license (if an organization established a company). Identify the bidding organization (for companies with a bidding organization)
• Certificate of authorization in accordance with the laws of South Vietnam if the business owner does not directly fill out and submit the application. If the company’s legal representative/entrepreneur submits the application directly, the company can submit the application online or file it directly at the provincial or municipal business department where the company is located.

2.2 Submit application and post advertisement on national portal

After fully preparing the documents, the documents must be submitted to the Commercial Registration Office of the Department of Planning and Investment of Ho Chi Minh City, 32 Le Thanh Ton, Ben Nghe Ward, District 1. Enterprises can submit the application. online profile through the national information portal.

Three working days from the date of receiving valid documents, the Department of Commerce and Licensing will issue a decision to approve the application to establish a business in District 7 and issue a business registration certificate. After the company registration application is approved, information about the company will be publicly announced within 30 days from the date of issuance. Notices include:

List of founding shareholders: For joint stock companies, it is the list of shareholders who are foreign investors, if any.

2.3 District 7 Company carries out the following transactions

The company contacted the stamp carving unit to carry out the stamp carving.
All companies must have their own seals. The shape of the seal shall be determined by the company, but necessary information such as the company name and procedures shall be provided.

Put up a company sign

Businesses put up their own signboards and hang them for easy management. The contents of the company name tag include the company name, address, phone number, etc.

Register a bank account and buy a digital signature

The legal representative can go directly to the bank to open an account or open an online bank account through the bank’s electronic application. Digital signatures are now mainly purchased online, allowing companies to register their digital signatures

Hire or lease an accounting service

At present, it is common for SMEs to use accounting services. In addition, if the company is large and has sufficient financial capacity, you can hire accountants to work for the company.

Contribute capital to a company

The investment period for the company is up to 90 days from the date of issuance of the business registration license. Shareholders must invest their committed capital.

If sufficient capital is not mobilized, the company must do procedures to change its registered capital to avoid administrative sanctions.

Conduct a notice of payment

The company must notify the competent administrative agency of the issuance of the invoice and, if permitted, print and order the receipt to be printed for proper use. In addition, businesses can purchase and use invoices instead of printing them out.

Declare and pay your taxes

The legal representative of the company will carry out initial tax return procedures at the Tax Department of District 7, HCMC (350 Huynh Tan Phat, P). Binh Thuan, Q.7, HCMC). The legal representative should carry the following documents: the identity card of the original + 2 copies of notarized medicine, the business seal, the office lease contract (if any), the accounting certificate (if any).

3. Introduction of the company establishment service of District 7

With years of industry consulting experience, our company has been highly appreciated by many domestic customers and foreign investors for superior quality and service. Viet My services are always guaranteed to provide high satisfaction even for the most demanding customers.

As a result, Viet My is increasingly aware of the position and role of large enterprises, with extensive knowledge in the fields of consulting for enterprises, tax settlement reports, and adjustment of enterprise licenses. Viet My operates a business establishment service in District 3, District 7 in Ho Chi Minh City.

3.1 What preparations do you need to make when using Viet My District 7 company establishment service

The company establishment service of District 7 will simply send us the following information:

• Expected company name
• Capital at the time of establishment
• Company establishment address
• Establish a company in the industry
• Contact information such as phone number
• ID or ID information

3.2 Service process for establishing a company in District 7 of Viet My

Call the Viet My Center immediately for detailed instructions on how to use the service and the most free instruction steps.
We represent the Ministry of Planning and Investment in HCMC. You will receive the results of processing your application within 5 working days. After the results are available, we will inform the customer of the overall status of the application.

The service to establish a domestic enterprise in District 7 is a legal representative of the company, issued by the Ministry of Planning and Investment of Ho Chi Minh City a business license and tax code (32 Le Thanh Ton, Ben Nghe Ward, District 1). Upon arrival, the legal representative will request proof of identity. The legal representative of the company receives the company circular from the HCMC Public Security Office, 459 Tran Hung Dao, Cau Kho Ward, District 1, HCMC. Please bring your identification papers when you visit as a legal representative.

The legal representative of the company will carry out initial tax return procedures at the Tax Department of District 5 of HCMC (262-264 Tran Phu – P8 – District 5 – HCMC). The legal representative should carry the following documents: the identity card of the original + 2 copies of notarized medicine, the business seal, the office lease contract (if any), the accounting certificate (if any).

3.3 Rights of Customers in Using Viet My District 7 Business Establishment Services

Receive free legal advice on business establishment issues.

• Consulting on business models and organizational structures.
• Consulting on the name of the company.
• Consultation on how to operate and manage the company.
• Business sector selection consulting.
• Consultation on the rights and obligations of members/shareholders.
• Consultation on the rate and method of capital contribution.

Viet My will represent the procedures company at the Ministry of Planning and Investment in Ho Chi Minh City.

• Filing of business registration documents and applying for the enterprise tax code.
• Monitor the processing progress and share the results of the submitted documents with the client.
• Issued a business registration certificate (including tax code) by the Department of Planning and Investment.
• Please proceed with the application for seal engraving and contact the company for seal engraving.
• You will receive a certificate of registration of the stamp and company seal.

4. Frequently Asked Questions Regarding company establishment service of District 7

4.1 When should the company be established?

You should start a business if:

• You request the export of a value-added invoice.
• You need legal status to combine sales, manufacturing, service contracts…
• To comply with the law, you must legalize your business

4.2 Where is the application form for establishment of the company?

Company establishment documents are sent to the Business Registration Office – Department of Planning and Investment, where the registered company’s headquarters is located.

4.3 What company should be established?

The two most common types of companies are limited liability companies and limited liability companies. If you have 3 or more people, a limited liability company should be established. To help the company repute in both form and brand and procedures similar to that of the joint stock company. The only difference is the number of founding members you have.

4.4 Does the establishment of a company need capital?

In principle, with the establishment of a company, you can set up a company with almost no capital. Since business activities of entrepreneurs are for profit, it is illegal to establish a company with zero capital.

4.5 How long does it take to establish a company?

According to regulations, it takes about 3 working days to apply for a certificate of business registration from the right and complete application. In fact, it takes about 10-15 days for the company to collect complete and appropriate legal procedures, including seals, bills, digital signatures, initial tax declarations, etc. But you can start signing a company contract if you have a seal, it will take about 7 days.

The above are consulting on the company establishment service of District 7 and a summary of the procedures for registering a company in District 7 based on the socio-economic realities of District 7 and current laws. For any questions, please contact Luat Va Ke Toan Viet My to be answered and resolved by the staff.