Are you planning to start a business or establish a company with little capital and are wondering about your ability to qualify to do so? Find out now with us. Viet My will provide you with detailed information about the process and requirements to establish a company with little capital. We will help you understand the conditions and show you how to do so reliably and effectively. Put your trust in us to explore business opportunities and build your own company.

1. Is it possible to establish a company with little capital?

As for the capital level when establishing a company, the law does not stipulate a specific capital amount. However, in some industries related to finance, insurance, real estate… it is necessary to meet charter capital requirements when establishing a company. Below, we will only consider establishing a company with a small amount of capital in cases where the business line does not require legal capital. Learn more with us to get detailed information about the process and conditions for establishing a company with a small capital, meeting legal requirements and discovering the right business opportunity for you.

1.1 How to establish a company with little capital

When establishing a company with a small amount of capital needed, it depends on the business line and the size of the company. However, if you want to start a company with a small amount of capital, it is completely feasible.

You can start building a small company and then, if conditions permit, slowly develop a larger company. In addition, you can choose a business that does not require much initial capital.

Taking advantage of investment sources and finding investors and partners is a way to open a company with a small amount of capital. You can also minimize investment costs by saving, for example by limiting hiring employees, working at home or using your home as the company’s headquarters.

Starting an initial company often requires a significant amount of expenses, including renting an office, hiring employees, and registering a company. However, if you know how to use capital appropriately, establishing a company with a small amount of capital is no longer a big problem.

1.2 What is the minimum capital when forming a company?

• When opening a company, the company needs to have enough capital to pay related costs. The process of opening a business requires a variety of expenses. In particular, in industries that require legal capital, companies need to pay attention to preparing the correct amount of capital.
• In cases where the industry does not require legal capital, businesses can decide the level of charter capital based on their wishes and abilities, without having to comply with specific requirements. However, in industries with regulations on legal capital, businesses need to declare a minimum charter capital level that must be equal to or exceed the legal capital level of that industry.

2. Consulting on establishing a company in Vietnam

2.1 Customer profile needs to be provided

Customers need to provide the following documents:

Once the plan has been agreed upon with the customer, Viet My will provide consulting support and help the customer complete a complete set of documents. Accordingly, businesses need to prepare necessary documents such as:

• Application for business registration corresponding to the prescribed form;
• Detailed information about the business, including: company name, operating address, intended business line,…
• List of capital contributing members or list of founding shareholders;
• Documents certifying individual ownership, capital contributing members or shareholders;
• Company charter and power of attorney for Viet My.

After collecting all information, Viet My will draft the documents and send them back to the business to check and confirm the documents before submitting to the competent authority.

2.2 Submit registration application

At this stage, you can choose to submit your application to establish a company online or submit it directly to the Department of Planning and Investment.

For submitting your application online, you can follow these steps:

Step 1: Visit the “National Information Portal” website and create a user account.

Step 2: After completing your account registration, you proceed to create a Business Registration Document according to the information previously prepared.

Step 3: Enter all necessary information and follow the system requirements.

Step 4: Scan and upload attached documents as required.

Step 5: Sign for authentication and submit the application.

Note: If you use a digital signature to submit your application, make sure you have authenticated the application that has been digitally signed into your account.

2.3 Cost of establishment in Viet My

Price list for full company establishment service – Basic package only 1,500,000 VND

• Implementation time for Viet My’s basic package is from 7 to 10 days
• Consulting on choosing the type of company for businesses when using the service
• Consulting on company naming
• Prepare new business charter
• Prepare business registration documents
• Prepare a shareholder book
• Register for free license fees to help businesses
• The gold copy business license is delivered directly to the business
• Round mark
• Issue bank accounts with beautiful mb bank numbers for businesses to use
• Free 100-digit electronic invoice

Price list for full company establishment service – Popular package is only 3,800,000 VND

• Fulfillment time for popular packages is only 5 to 7 days
• Consulting on choosing the type of company for businesses when using the service
• Consulting on company naming
• Prepare new business charter
• Prepare business registration documents
• Prepare a shareholder book
• Register for free license fees to help businesses
• The gold copy business license is delivered directly to the business
• Round mark, title mark
• Beautiful digital bank account mb bank, techcombank for businesses to use
• Digital signatures are valid for up to 36 months
• Electronic invoice 500 numbers
• Free mica sign
• Regular legal support during the first 3 months
• On behalf of the business, make initial documents with the tax authority
• Consulting on registration of initial exclusive brand protection for businesses
• Free tax management and corporate accounting handbooks
• Tax declaration, accounting, social insurance

3. Issues to keep in mind when establishing a company with little capital

3.1 About the company name

You have complete freedom to name your company, but you need to make sure it does not have the same name as other companies and comply with the principle: Business type + Business name.

To check if the business name is the same or not, you can access the “National Information Portal” and enter your business name in the search box. If no results appear, your proposed business name is not a match. However, if the results show another company, you should choose another business name and check again according to the instructions provided.

Note: When naming your company, you should consider age, feng shui and comply with legal regulations to avoid naming violators.

3.2 Type of business you want to do

Enterprises need to choose the type of company that suits their characteristics to register their business. Each type of company has its own characteristics, consistent with the company’s capital requirements and number of members. Therefore, businesses need to pay attention and make accurate decisions. Currently, there are several popular types of companies such as: One-member limited liability company, two-member limited liability company, private company, joint stock company, partnership company.

3.3 Address of the company’s headquarters

You can choose any address to set as your company’s address. One address can be used to register many different companies.

However, there are a few important things to note:

• In the case of a private home: The address must be clear, including the house number, to ensure accuracy and easy identification of the company location.
• In the case of apartments: Usually not used as a company headquarters, unless you have the consent and decision of the investor proving that the address can be used for business registration.

The decision on the company address needs to comply with relevant legal regulations and ensure the legality of the company’s business activities.

3.4 Business lines

According to the Enterprise Law 2020, business lines are divided into two categories: conditional lines and unconditioned lines. You have the freedom to register your business in professions that are not prohibited by law. However, these occupations must belong to the Vietnamese economic industry code system.

Note: For conditional occupations, you must meet the conditions prescribed by law for each occupation.

3.5 Legal representative

A legal representative is a person authorized to represent the business in signing documents and carrying out necessary procedures. They are responsible for directly operating and managing the company’s activities. The role of the legal representative is very important and they must ensure compliance with legal regulations and represent the company in legal and administrative matters. In the case of a limited liability company or a joint stock company, the legal representative is usually the director or president of the company.

3.6 Charter capital

Currently, there are no specific regulations on the minimum charter capital to establish a business. However, charter capital is the basis for businesses to determine license fees and commit to financial responsibility with partners.

Having a high level of charter capital will prove the financial capacity of the business and create trust for customers.

Establish a company with little capital is completely feasible and doable. By choosing a business line that does not require a lot of initial capital, taking advantage of investment sources, minimizing investment factors and complying with legal regulations, establishing a company with a small amount of capital is no longer a problem. big topic. Customers can contact VIET MY LAW AND ACCOUNTING to receive 100% free support for company establishment services.