You want to establish an accounting service company but are not sure what the conditions for establishing an accounting service company are and what are the procedures for establishing an accounting business? Viet My would like to provide detailed instructions on the procedures for establishing an accounting service company and the necessary conditions for establishing an accounting company to complete and operate the company.

1. What is business accounting services?

Accounting services are an area where we invest in know-how and practical experience. Our chief accountants, tax experts and lawyers have many years of experience helping customers create effective accounting and tax solutions for their transactions and business activities in accordance with the law.

2. Conditions for establishing an accounting service company in 2024

According to the provisions of the Accounting Law 2015, businesses can establish an accounting service company if they fully meet the following conditions for establishing an accounting service company:

Qualified to be an accountant or chief accountant

People with accounting and auditing licenses according to the law on independent auditing activities can register to provide accounting services through an accounting service company or through the accounting service company’s finances if they meet the requirements. meet the following requirements:

• Have civil act capacity according to civil law regulations;
• Have worked in finance, accounting or auditing for at least 36 months after graduating from university.
• Fully participate in knowledge update programs when necessary.

Have a business registration certificate for accounting services

When establishing a domestic company with accounting services, the company can only be established in the following forms:

• Limited liability company with 2 or more members or Partnership or Private enterprise.
• An accounting service company is not allowed to contribute capital to establish another accounting service company, except in the case of contributing capital to a foreign accounting service company to establish a service company Vietnamese Accounting.

Establish an accounting service company by contributing capital to an accounting service company already established and operating in Vietnam:

• Establishment of a branch of a foreign accounting service company.
• Providing cross-border services according to government regulations.

Enterprises may only establish an accounting service business when they fully meet the operating conditions prescribed by the law above and are granted a Certificate of eligibility for accounting service business.

3. Conditions to be granted a certificate of accounting service business

a. A limited liability company has 2 or more members

A certificate of eligibility to establish an accounting service company is issued to a limited liability company with two or more members when the following conditions are met:

• Have a Business Registration Certificate, Investment Registration Certificate or other legal documents of equivalent value.
• There are at least two members who are accountants
• The representative who is the Director or General Director of the limited liability company must be an accountant.
• Ensure the capital contribution ratio of internal accounting and the capital contribution ratio of members in the organization are consistent with state regulations.

b. Partnerships

Certificate of eligibility to conduct business in accounting services issued to partnerships that meet the following conditions:

• Have a Business Registration Certificate, Investment Registration Certificate or other legal documents of equivalent value.
• Have at least two personally responsible persons acting as auditors.
• The legal representative, manager or director of the partnership must be a practicing accountant.

c. Private enterprise

Private enterprises are granted a Certificate of eligibility to conduct business in accounting services if they fully meet the following conditions

• Have a Business Registration Certificate, Investment Registration Certificate or other legal documents of equivalent value.
• Have at least two practicing accountants.
• The owner of a private company is an accountant who is also the chief executive officer.

d. Is a foreign accounting service business branch in Vietnam

A certificate of eligibility to conduct business in accounting services is issued to a branch of a foreign accounting service company in Vietnam when the following conditions are met:

• Foreign accounting service companies are allowed to provide accounting services according to the laws of the country where the foreign accounting service company is headquartered.
• There are at least two accountants, including the branch manager or branch manager.
• Director or branch director of a branch of a foreign accounting service company must not simultaneously hold the position of branch director or branch director of another company in Vietnam.
• The foreign accounting service company must send a document to the Ministry of Finance ensuring responsibility for all obligations and liabilities of the Vietnamese branch.

4. Procedures for establishing an accounting service enterprise

4.1 Documents for establishing an accounting service company

According to Articles 21, 22, 23 of Regulation No. 01/2021/ND-CP, “establishment documents” include accounting services:

• Certificate of establishment of company providing accounting services. Charter of the company providing accounting services. List of members of limited liability company with 2 or more members/company. Valid copy of citizen identification card/ID card/Passport of the legal representative.
• Valid copy of citizen identification card/ID card/Passport of Private Trader/Individual Venture Investor.
• Valid copy of Establishment Decision/Company Registration Certificate in case the capital contributor is an organization;
• Document appointing an authorized representative of the organization, valid copy of citizen identification card/ID card/Passport of the authorized representative.
• The applicant’s attorney (if the legal representative does not provide services).
• Valid copy of citizen identification card/ID card/Passport of the person authorized to submit the application.

4.2 Procedures for establishing an accounting service company

After fully preparing the company registration documents, the company can send it directly to the Company Registration Office – Department of Planning and Investment of the province/city where the company is headquartered or submit the application electronically. on the national electronic information portal. Company registration specialist notes: Hanoi, Da Nang, Ho Chi Minh City do not accept paper documents).

Procedure completion time: within 3-5 working days from the date of receiving the application, the Registration Department will assess the validity of the application and issue a Business Registration Certificate to the service company. accounting service.

In addition, you can refer to our company branch establishment service if you want to expand your branch!

5. Some notes when establishing an accounting service business

First, related to the legal representative: The legal representative of the accounting service company is the person responsible for the important work of the company. Therefore, it is necessary to choose someone with enough experience and skills. The company can choose one or more legal representatives (for shares and liabilities).

Second, related to company registration: When establishing an accounting service company, the company providing accounting services must choose the field of operation and register a company code. The company must choose a suitable industry to serve the company’s business activities according to the provisions of the Law on Vietnamese Economic Sectors.

Fourth, regarding the company’s valid address: The accounting service company’s headquarters is located in the territory of Vietnam, which is the company’s contact address, designated by the superior management agency; you have a phone number, fax number and email address

Fifth, regarding company capital: The Company Law does not stipulate a minimum capital level to establish a company. The company decides on its own the capital amount prescribed in the laws related to registration. Within 90 days from the date of issuance of the business registration certificate, regardless of operating time, the company owner must invest capital in the company fully and in the correct type of capital established in connection with the registration. sign. Real estate for investment and administrative operations to transfer ownership. Types of capital that need to be prepared include legal capital, core capital, margin capital, etc.

Sixth, about naming the company: The Vietnamese name of a one-member limited liability company must have 2 elements: Company type name + personal name. The correct name can write letters in the Vietnamese alphabet such as the letters F, J, Z, W, numbers and symbols.

6. Frequently asked questions

6.1 Should I open an accounting service company or not?

Depending on the purpose and need of opening an accounting service company. Most companies operating in the field need accounting services, especially newly established businesses. Before deciding to start an accounting service, you should first understand the legal terms and procedures. Need to prepare capital, come up with an effective and risky business strategy.

6.2 Is business registration required when providing accounting services?

Yes, business registration and licensing are required for companies providing accounting services.

6.3 What is the professional level of staff when providing accounting services?

The professional qualifications required in the accounting service business must meet the requirements for the position, usually a university degree or higher, you must have a professional degree and regularly improve your skills.

6.4 Is a joint stock company allowed to provide accounting services?

Are not. According to the provisions of the Accounting Law 2015, only limited liability companies, companies and limited partnerships with two or more members can provide accounting services. Accounting service industry code is 6920 – Activities related to accounting, auditing and tax consulting.

6.5 What is the industry code of the accounting services industry?

Accounting service industry code is 6920 – Activities related to accounting and tax consulting.

Above we have just talked about the conditions for establishing an accounting service company as well as details about the procedures for opening an accounting office. Hopefully this article will help companies understand the professional terms of full-service accounting services so that company registration can go smoothly. If you have any questions, please contact LUAT VA KE TOAN VIET MY directly for the best support.