If you are considering starting a business or expanding your current operations, ADVN LAW is your ideal partner. With nearly 20 years of experience, we are committed to delivering the highest quality service in company formation. Our dedication to client satisfaction has earned us the trust of tens of thousands of customers over the years. ADVN LAW takes pride in being a professional provider of company establishment services, offering competitive pricing and the fastest turnaround times.
1. Identification Documents: A notarized copy of the citizen identity card or passport of the company founder.
2. Head Office Address: The head office address must not be located in a collective apartment building.
3. Property Documentation: A copy of the house and land papers, along with a lease or loan contract for the head office.
4. Company Information: This includes the company name, business lines, capital contribution structure, charter capital, and legal representative.
For all other aspects of the company formation process, ADVN LAW provides full support to clients. You can contact us for specific advice from our specialized legal experts.
Typically, the process takes between 5 to 8 working days. For expedited service, please contact ADVN LAW for the quickest possible support.
- When your primary clients are organizations or businesses.
- When your clients request VAT invoices.
- When partners, suppliers, and customers require contracts with a legally recognized entity.
- When it is necessary to maintain clear and systematic business accounting.
- When you have a strategy for large-scale business development or aim to become a public company.
Permanent residence registration is not a requirement. You can establish a company in any province where you have business needs.
The declaration of capital is at the discretion of the enterprise. Businesses declare and assume responsibility for their charter capital. For industries requiring legal capital, the business must register the prescribed capital level but does not need to prove the source of capital—only to ensure responsibility and sufficient margin capital as required by law.
- License Tax: A fixed rate is paid according to the registered charter capital (tax exemption in 2024).
- Value-Added Tax (VAT): This is paid when there is a positive difference between input and output VAT, with rates ranging from 0% to 10%.
- Corporate Income Tax: Typically, this is 20% of the company's profits.
Yes, even if there is no revenue or expenses, businesses are still required to declare quarterly taxes and submit year-end financial statements. License tax is payable in the years following the first year of establishment.
Steps to Complete the Company Formation Process
1. Prepare the Company Establishment Dossier.
2. Transfer the Dossier to the Client for Signature.
3. Create an Application Account.
4. Activate the Account.
5. Log into the Business Registration Account.
6. Submit the Company Establishment Dossier and Pay the Information Disclosure Fee.
7. Obtain the Enterprise Registration Certificate.
8. Engrave the Company Seal.
9. Complete the Process, Transfer the Results to the Client, and Provide Post-Establishment Guidance.
Choosing the Type of Business:
- Single-member limited liability company.
- Limited liability company with two or more members.
- Joint-stock company.
Advantages and Disadvantages of Forming a Company Compared to Individual Business Households:
- Legal Status: Companies have legal status and limited liability, unlike business households.
- Invoice Issuance: Companies can issue VAT invoices; business households cannot.
- Tax Accounting Declaration: Companies have more options for reasonable tax accounting services.
- Flat Tax: Companies are not subject to revenue-based taxation like business households.
- VAT: Companies pay VAT only on the difference between input and output.
Consulting on Company Headquarters:
- Headquarters cannot be in collective housing or apartment buildings.
- It is advisable to have a lease contract, loan agreement, and documentation proving land use rights.
- There should be a person to receive mail at the head office.
- Choose the district for the headquarters carefully to avoid tax closure procedures when transferring districts.
Consulting on Company Naming:
- Avoid duplicating names with well-known or exclusively registered trademarks.
- Ensure the name can be registered as a trademark and a domain name.
Consulting on Business Lines:
- Companies may only engage in registered business lines.
- Register a broad range of business lines to avoid the need for later additions.
Consulting on Charter Capital When Establishing a Company:
- The declaration of charter capital is at the discretion of the enterprise.
- Ensure the availability of sufficient margin capital as prescribed for specific industries.
A.D.V.N LAW OFFICE
- Address: F2&F3, No. 2 Phung Khac Khoan, Da Kao Ward, District 1, Ho Chi Minh City
- Phone: 0903.693.301 – 0909.393.329
- Email: vanphongluatsuadvn@gmail.com; advnlaw@gmail.com
We are committed to accompanying you to protect your legal rights and resolve disputes most effectively.
