With professionalism and prestige in the field of establishing a company, there are many individuals and organizations that choose Viet My to use the Da Nang company establishment service when there is a need to establish a company in Da Nang. If you are having trouble establishing a company in Da Nang, please refer to our reputable, professional and economical Da Nang establishment service.

1. What do you need to prepare when establishing a Da Nang company?

1.1 Select Type for Company

The 2020 Enterprise Law provides for the following five types of enterprises:

• Limited liability company with 2 or more members;
• One member of a limited liability company;
• Joint-stock company;
• Partnership company;
• Private sector enterprise.

When there is a need to establish companies, individuals and organizations need to choose the appropriate type of enterprise first.

1.2 Identifying the name of the company

According to Article 37 of the 2020 Enterprise Law, the name of the company is as follows:

– The company’s Vietnamese name will consist of two elements in the following order:

• Type of company;
• Company name.

– The type of enterprise of the company can be written as “limited liability company” or “Luid Company” for a limited liability company; for a joint-stock company “equity company” or “CP company”; for a partnership as a “company” or “HD company”; for a private enterprise as a “private enterprise”, “Private Enterprise” or “Enterprise of Vietnam”.

– The company’s unique name will be written in letters in the Vietnamese alphabet, in addition to the letters F, J, Z, W, digits and symbols.

– The name of the company must be attached at its head office, representative office, branches and business places. The company name must be printed or written on documents, transaction documents and publications issued by the company.

1.3 Determining the location of the company’s headquarters

Article 42 of the 2020 Enterprise Law provides for the head office of the company as follows:

“The head office of the enterprise is located in the territory of Vietnam, is the contact address of the enterprise and is determined by administrative unit location; there are telephone numbers, fax numbers and e-mails (if any).

1.4 Determination of charter capital

In the process of establishing a limited company, joint stock company or partnership, an important factor that organizations or individuals need to consider is the determination of charter capital. Charter capital represents the amount of money committed by members or shareholders to contribute to the company to ensure its operations and financial responsibilities.

The determination of the charter capital must be based on law and may vary depending on the type of company and line of business. In the case of limited liability companies, the charter capital is generally not required and is determined by an agreement between the partners. Meanwhile, joint stock companies have a minimum charter capital requirement as stipulated in the Enterprise Law and related regulations. The partnership also requires the determination of charter capital, but specific calculations and regulations may vary.

1.5 Identification of a business career

Enterprises are free to do business in sectors, occupations and areas that are not prohibited by law. However, organizations and individuals should remember that there are sectors and trades that require special conditions and need to comply with relevant regulations. At the same time, there are also occupations where investment and business are restricted due to the requirements of laws or regulations of the authorities.

Choosing the right line of business and following regulations is very important to ensure legitimacy and sustainability in business activities. Organizations and individuals should carefully study the legal regulations relating to the industry and occupations they wish to do business, as well as understand the requirements for conditions, licenses, certificates and other related regulations. This helps to avoid breaking the law and has difficulties in the business process.

2. Formation Process of Da Nang Company

When establishing a domestic company as well as in Da Nang, individuals and organizations must perform procedures with competent state agencies, specifically as follows:

2.1 What are the dossiers of company establishment in Da Nang?

According to Articles 19, 20, 21, 22 of the 2020 Enterprise Law, depending on the type of enterprise, the company’s business registration records will vary.

Application for registration of establishment of a private enterprise (company).

• Application for company registration;
• Copy of legal documents of the owner of the private company.

Application for registration of establishment of a partnership enterprise (company).

• Application for company registration
• Charter of the company
• List of members
• Copies of legal documents of each member
• Copy of Investment Registration Certificate in case of foreign investors.

Application for registration of establishment of a limited liability enterprise (company).

• Application for company registration.
• ​Company charter.
• List of members.
• Copies of documents: individual legal documents, legal documents of organizations, legal documents that must be consularly legalized.
• Investment registration certificate if foreign investor.

Joint stock company registration documents

• Application for business registration.
• Charter of the company.
• List of founding shareholders; List of shareholders who are foreign investors.
• Copies of documents: individual legal documents, legal documents of the organization, investment registration certificate.

2.2 Procedures for establishment of Da Nang Company

Step 1: Prepare a set of documents for business registration

Depending on the type of company that organizations and individuals wish to establish have business registration records.

Step 2: Submit application and business registration documents

Place of application

Organizations and individuals must submit the set of documents to the Business Registration Department of the Provincial Department of Planning and Investment where the head office of the company is located after completing all business registration documents.

Form of application

In clause 1 Article 26 of the 2020 Enterprise Law, organizations and individuals can choose one of the following 3 forms to submit applications:

• Submit a direct application
• Submit one’s application by mail
• Apply online.

Step 3: Pay the fee when registering your business

According to the provisions of Article 37 of Decree 01/2021/ND-CP, business registration fees and charges when establishing a company can be paid directly to the Business Registration Office or can be transferred to the Department’s account. Register your business or use electronic payment services.

Step 4: Receive business registration certificate

Within 03 working days from the date of receipt of complete documents, the Business Registration Authority must review the validity of the documents and issue business registration:

• In case the dossier is not valid, it must be notified in writing of the contents that need to be amended and supplemented to the company founder.
• In case of refusal to register a business, the agency receiving the application must notify in writing the person submitting the application to establish the company and clearly state the reason.

A business registration certificate will be issued to the company if it fully meets the following conditions:

• The chosen business line or profession is not prohibited;
• The name of the company is set according to regulations;
• Registration documents must be complete and valid;
• Pay all fees and charges as prescribed.

Step 5: Carve an official seal for the company

Based on Article 43 of the 2020 Enterprise Law, companies are allowed to decide on their own on the type, quantity, form and content of the seal.

Step 6: Publish the contents of enterprise registration.

2.3 Period for repayment of the results of establishment of a company

The agency receiving the business registration dossier must be responsible for reviewing the validity of the set of dossiers for establishment of the company and the GCN for registration of the enterprise within three working days from the date of receipt of the dossier.

As soon as the company is granted a GCN registration, it will also be able to publish information about the company on the National Portal on business registration.

3. Cost of establishing Da Nang Company

Note: These costs are state costs, not including service charges (if services are used at legal units).

The schedule of fees and fees for registration of enterprises is issued in conjunction with Circular 47/2019/TT-BTC as follows:

a, Fee for registration of establishment of enterprises: VND 50,000/time

In addition, other expenses after establishing the company so that the company can go into operation, the company will need to buy digital signatures, electronic bills, put company signboards, etc.. then there will be additional costs after establishment. Specifically, as follows:

b, Cost of making seal engraving for the company

The cost of engraving the company seal depends on the unit providing the seal engraving service and the type of seal required by the company. The price for a company’s round stamp can range from 200,000 VND to 300,000 VND. Title stamps range from 70,000 VND to 150,000 VND.

c, Fee for purchase of digital signatures

The cost of purchasing a digital signature depends on the digital signature provider and the number of years of service. Digital signature used for 03 years ranges from 1,500,000 VND to 2,000,000 VND.

Cost for placing company signs: 300,000 VND – 500,000 VND (depending on requirements and size)

Cost of opening a corporate bank account: Deposit 1,000,000 VND to maintain the account;

4. Why should you use Viet My’s Da Nang company establishment service?

Da Nang is one of the most developed cities in our country, that’s why many individuals and organizations choose Da Nang as a place to develop business and establish companies. With the professionalism and reputation of Viet My, we have provided Da Nang company establishment services to many individuals and organizations in need. When using Viet My’s company establishment service in Da Nang, customers can feel secure about the following issues:

• Get detailed advice on legal issues when establishing a company
• On behalf of Viet My, Viet My carried out procedures with state agencies
• Receive results as soon as possible
• Service costs are super economical, suitable for the needs of too many customers.

5. Frequently asked questions related to company establishment services in Da Nang

5.1 Is it necessary to have permanent residence to establish a company?

Establishing a company is often not based, depending on the permanent residence of the company founder. Individuals and organizations can establish a company in any province/city when they need to do business in that country. that province/city.

5.2 Is it possible for a company to have multiple legal representatives?

Pursuant to Clause 2, Article 12 of the Enterprise Law 2020, the Company may have 1 or more legal representatives. The number of legal representatives will be specified in the company’s charter.

5.3 Is it possible to increase the company’s charter capital during its operation?

Currently, the Enterprise Law has no regulations on when to increase capital. Therefore, the company will be able to increase its charter capital at any time during its operation, with no limit on the maximum capital amount.

5.4 Can I register multiple business lines?

The law does not limit the maximum number of occupations, however the company should limit the areas in which it intends to do business to proceed with appropriate registration.

During the company’s operations, if it is necessary to expand business lines, additional business lines can be added within 10 days of the change.

5.5 What basic taxes need to be declared and paid after establishing a company?

• License tax with a fixed rate according to registered charter capital;
• Value Added Tax (VAT must only be paid if incurred);
• Corporate income tax: usually 20% of profits, tax is only payable when the company makes a profit).

Above is the most prestigious Da Nang company establishment service in 2024 from Viet My. In case you have difficulty preparing documents, papers or have questions about issues related to company establishment, please immediately contact LUAT VA KE TOAN VIET MY for further advice and benefits. treat!

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