Comprehensive company formation services in Ho Chi Minh City

Comprehensive company formation services provide consultation on preparing documents and fulfilling legal procedures required for business registration. The objective is to assist business owners in entering the commercial market with confidence. Explore company formation services with TinLaw through the details below.

What is company formation?

Company formation refers to the process of completing legal procedures with relevant government authorities to establish the legal identity of a business entity. The purpose is to create a new entity to conduct business, manufacture products, or provide services. This is the initial phase in launching a legally recognized company under the law.

Company formation is not merely about creating a legal entity; it also lays the groundwork for the long-term growth and operation of the enterprise.

Common challenges faced by clients when forming a company

Company formation marks a significant milestone, laying the foundation for the initial growth of any business. However, the first steps are often fraught with challenges, including:

• Choosing the appropriate type of company
• Determining a reasonable amount of registered capital
• Ensuring the proposed company name is unique and non-duplicative
• Preparing the correct documents for the type of registration
• Addressing requests from the Division of Business Registration
• Setting up an online account for business registration

These difficulties often lead business owners to encounter “setbacks” during the preparation phase of company formation.

The price list for TinLaw’s company formation packages

TinLaw offers reliable, comprehensive company formation services, enabling clients to complete registration procedures quickly while ensuring compliance with legal regulations. Below is the price list for TinLaw’s company formation packages:

	Basic package Starting from VND 2,600,000	Comprehensive package Starting from VND 6,000,000
Issuance of business registration certificate	✔	✔
Company seal engraving	✔	✔
Registration of Shareholder/Member List	✔	✔
Drafting company charter	✔	✔
Position seal engraving		✔
Company nameplate creation		✔
Initial tax declaration		✔
Bank account registration notification		✔
E-Tax filing registration		✔
Digital signature registration		✔
Submission of business license tax declaration		✔
Invoice registration and notification		✔
Implementation timeline	Approx. 5-7 working days	Approx. 10-15 working days

Note:

• Prices are indicative and subject to change based on customer requirements.
• Fees include government charges
• Fees exclude VAT and the first-year business license tax.

If you need assistance with company formation, contact TinLaw today for detailed consultation and a customized quotation!

Timeline for comprehensive company formation services

Utilizing TinLaw’s comprehensive company formation services will significantly save time for our clients. The entire process of completing company registration procedures typically takes only 5–7 working days:

• 1–2 days: TinLaw staff will provide consultations, address inquiries, prepare the necessary documents, present them for client signatures, and submit the application to the Department of Planning and Investment (DPI);
• 4–5 days: The DPI will review the application and issue the business registration certificate to the company.

If you need expedited company formation services, contact TinLaw today to help streamline the process and shorten completion time!

Required information for company registration

To ensure a smooth and efficient company registration process, the Client needs to provide Tinlaw’s specialists with the following essential documents and information:

• Registered office address: TinLaw will verify the eligibility of the proposed address before submitting the application.
• Proposed company name: TinLaw’s specialists will check for availability and duplication of the proposed name and provide advice to ensure it aligns with the company’s industry and business type. 
• Planned business lines: The Client should provide an overview of intended industries, such as interior design, construction, real estate, etc. We will assist in drafting detailed business line codes compliant with the Enterprise Law and provide guidance on selecting business lines to avoid tax-related issues in the future.
• Planned registered capital: This is the charter capital required for the company’s operations. Based on the company’s scale, we will advise on an appropriate level of registered capital to minimize potential legal and tax issues. 
• ID card/Citizen ID card/passport: Certified photocopies (within the last three months) for all contributing members. 

For clients in Ho Chi Minh City, we offer document pick-up and delivery services. If documents are not yet notarized, you can provide originals, and we will handle the notarization free of charge.

Comprehensive company formation services at Tinlaw

With over 12 years of experience in company formation, TinLaw provides clients with end-to-end support. Here are the key reasons to choose TinLaw:

• Time-saving solutions: TinLaw offers comprehensive services, covering everything from drafting documents to submitting applications and completing legal formalities. This saves clients significant time and effort compared to handling the process independently. 
• Legal compliance assurance: Backed by a team of seasoned legal experts, TinLaw ensures that all documents and procedures fully comply with current legal regulations, minimizing legal risks. 
• In-depth consultation support: TinLaw provides expert guidance on selecting the appropriate business type and meeting other legal requirements. This helps clients make well-informed decisions that align with their business objectives. 
• Reduced risk of procedural errors: TinLaw’s highly skilled team specializes in addressing company formation-related issues, minimizing the likelihood of errors and mitigating potential risks during document preparation and processing. 
• Post-formation support and ongoing assistance: After the company is established, TinLaw can continue to provide legal support and address various business-related issues, ensuring smooth and uninterrupted operations for the company.

Choosing TinLaw’s comprehensive company formation services not only simplifies the process but also gives you peace of mind regarding related legal matters.

Guidance on selecting the right business type

Each business type has its own advantages and disadvantages. Selecting the most suitable type of business is often a key concern for many investors. TinLaw will guide you in identifying the optimal business type for your specific situation:

• Single contributor (individual or organization): Must establish either a single-member limited liability company (LLC) or a sole proprietorship. It is advisable to opt for a single-member LLC to enjoy more legal and tax-related benefits. 
• Two contributors: Must form a multi-member LLC. This type is similar to a single-member LLC, but one member must be designated as the legal representative. 
• Three or more contributors: If the number of contributors is under 50, a multi-member LLC can still be formed. Alternatively, a joint-stock company (JSC) can be established to avoid limitations on the number of contributors. 

Selecting the appropriate business type helps maximize benefits and minimize risks for the company. This is a critical decision that founders should carefully consider before proceeding with company formation.

Company formation service process at Tinlaw

With the aim of delivering the most professional and comprehensive company formation services to clients, TinLaw supports customers throughout all stages: before, during, and after company establishment.

Step 1: Consultation on company formation preparation

The consultation phase is the first and most critical step in the company formation process. Missteps at this stage can significantly impact future business operations. TinLaw provides guidance on the following key aspects before starting the company formation process:

• Advising on the appropriate business type 
• Suggesting a suitable company name 
• Recommending a viable company address 
• Consulting on intended business lines 
• Advising on the optimal charter capital for the company 

TinLaw offers tailored recommendations and the most optimal solutions based on your goals and actual conditions!

Step 2: Drafting business registration documents

Once the information has been finalized with the client, TinLaw will prepare the required business registration documents. Upon completion, the documents will be sent to the client for verification before submission to the relevant authorities.

Step 3: Submitting the application and paying business information disclosure fees

Once the signed documents are received from the Client, TinLaw submits the application to the business registration authority in the locality where the company is headquartered. On behalf of the client, we monitor the application’s progress and fulfill any additional requirements requested by the registration authority.

Step 4: Obtaining the business registration results

TinLaw collects the business registration certificate on behalf of the client and delivers the results directly to them. We then proceed to publish the company’s registration details on the National Business Registration Portal.

Step 5: Company seal engraving

Clients may either handle the seal engraving themselves or allow TinLaw to facilitate the process for both company and title seals. Clients decide on the design and quantity of seals, which TinLaw will produce through reputable engraving facilities.

With a streamlined and professional process, TinLaw ensures the best services and experiences for our clients. Contact us today to receive dedicated support from our team of experts!

Key considerations when using company formation services

Engaging professional comprehensive company formation services helps save time and effort. However, there are several important points to keep in mind:

• Prepare complete documentation: Adequate preparation of all necessary documents is critical when starting the process of forming a company. These include operational permits, business registration certificates, and any other licenses specific to the business lines.
• Understand the filing process: In addition to preparing documents, clients should familiarize themselves with the steps and procedures for filing applications. This not only saves time and effort but also ensures compliance with the correct process.
• Choose a reliable service provider: Instead of managing the process independently, consider utilizing services from reputable and trustworthy companies. With over 12 years of experience in handling business legal matters, TinLaw is committed to providing the best services to our clients.

Understanding these considerations ensures that clients select a trustworthy and suitable service provider.

Frequently asked questions about company formation

During the company formation process, clients often have questions about procedures and requirements. TinLaw addresses some common inquiries below:

Who is eligible to establish a business?

Any individual or organization has the right to establish a company, except as restricted under Article 17, Clause 2 of the 2020 Enterprise Law.

How much capital is required to establish a company? Is it necessary to prove charter capital?

Depending on your financial capacity and the operational purpose of your company, you may self-declare the charter capital required for operations. Except for industries requiring statutory or escrow capital, the charter capital must meet the minimum requirements established by law. This minimum is equivalent to the statutory capital or escrow amount.

The 2020 Enterprise Law does not mandate proof of sufficient capital when registering a company. However, should issues arise during business operations, you will be held accountable for the registered capital declared.

Can a company name be the same as an existing company?

To avoid confusion, you are not allowed to register a company name identical to an existing and active company. A company name must include three components: “Company” + Business type (e.g., LLC or JSC) + Unique identifier.

Can a resident of a province establish a business in a city?

Vietnamese citizens are eligible to establish a business in any province or city within Vietnam’s territory, regardless of their household registration or residence in that location.

Can an apartment or private residence be used as a company headquarters?

Apartments or collective housing cannot be used as a company headquarters. Private residences may be registered as a company headquarters, provided they have a clear and specific address.

The company headquarters must be reachable and have someone available to receive official correspondence. This ensures timely receipt of notices from tax authorities and business registration offices. Failure to meet these conditions may result in the company being listed as non-operational at the registered address, leading to tax code suspension and business registration closure.

Can multiple business lines be registered simultaneously?

Currently, companies are permitted to operate in multiple industries, provided these lines are not prohibited by law. However, all lines must be registered and declared in the company’s business registration documents. It is advisable to register a broad scope of business lines when filing the initial registration documents to avoid future limitations.

What should business owners do after establishing a company?

Once a company is established, business owners must promptly complete the following procedures within the legally prescribed timeframe:

•       Engraving the company seal
•       Submitting initial tax declaration
•       Opening a corporate bank account 
•       Printing and issuing invoices 
•       Registering for E-tax filing 
•       Acquiring a digital signature device 
•       Setting up a company nameplate 

The above outlines the essential tasks to be completed after company formation. Failure to complete these procedures may result in penalties as stipulated by law. TinLaw’s comprehensive company formation services in Ho Chi Minh City anticipate these potential issues and provide timely advice to clients on post-formation procedures.

What taxes must be paid after company formation?

After establishing a company, businesses must pay the following taxes and fees:

•       Business license tax 
•       Value-added tax (VAT) for issued invoices 
•       Corporate income tax (CIT) on an annual basis 
•       Environmental protection tax
•       Personal income tax (PIT), paid by the company on behalf of employees 

Depending on the industry, there may be additional specific taxes required. Ensure that all applicable taxes are accounted for and paid on time to remain compliant with the law.

Is a qualification required to establish a business?

According to legal regulations, business owners are not required to hold specific qualifications to register a company, except for certain specialized fields such as education, security, or insurance, etc.

Conclusion 

Establishing a company is a crucial first step for starting business operations. TinLaw’s comprehensive company formation services help clients minimize execution time, optimize costs, and ensure compliance with legal requirements. Contact TinLaw today for detailed consultations and dedicated support!