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BASIS LEGAL ON A LIMITED LIABILITY COMPANY FROM 02 MEMBERS TO 50 MEMBERS

THE ORGANIZATION STRUCTURE AND ESTABLISHMENT OF A LIMITED LIABILITY COMPANY WITH 02 OR MORE MEMBERS.

GENERAL INFORMATION

Definition

Legal responsibility

Organization structure

The method of raising the capital

Type of capital contributed asset

Duration of injected capital

Conditions of dividing the profit.

Is an enterprise includes at least 02 members to 50 members (the members include an individual (s) or an entity (s)

To be responsible for the debt (s) and other asset obligations in the range of an amount of the capital which has already contributed into the company.

1.Board of members

2.Chairman or chairwoman of the company

3. Director or general Director.

Please be noted: The board of supervisor is only forced in the company is as an state enterprise

1.it is raised by the current members.

2.It is raised by the new members.

3.Issued the private bond or public bond.

By the agreement of the members include Vietnam Dong, foreign Currency, gold, land used right, intellectual property right, technology…and other assets which can exchange into Vietnam Dong.

Within 90 days from the date of granting the certificate of enterprise registration

Please be noted: Duration as above is not included of duration of transport, import of assets, implemented the administrative procedures to transfer the owned right.

-After completing tax obligation and other financial obligation under the regulations.

-Guaranteed to enough pay for the debts and other asset obligations which will be due after dividing the profit.

INFORMATION OF ESTABLISHMENT

Dossier of establishment

Duration

Method of submission

Conditions to accept the license

Application under circular No. 01/2021 in forced from May 1st 2021

Competent authority

Notes

1.Application for registering enterprise.

2.Charter of the company.

3.List of members

4. Legal documents of individual members.

5. Legal documents of entity members

Please be noted: If the member is an foreign entity, the documents need to be legalized by Vietnamese consulate in oversea

03 working days from the date of submission.

1.Direct at Business registration office

2.Passed post agency service.

3.On internet by 02 ways: Token (digital signature) or account of business registration

1.Business line is complied with regulations.

2.Name of company is meet with regulations.

3.Having a dossier to invalid enterprise registration

4.Submiting the state fee under regulation.

+ Appendix I-3

+Appendix I-6

+Appendix I-10

Business registration office

1.Business line will be followed under 04 grade, the business line, which has regulated in specialized law, is

Registered upon that law.

2.Name of company includes type of company + private name of company.

Type of company will be wrote as “ Limited liability company “ LLC” and private name of the company will be included of name in the board of alphabet of Vietnamese language and words F, Z, J, W, numbers and symbol.

3.The headquarters: Invalid with the headquarters of company in an apartment or flat which is only used as accommodation purpose.

For location of manufacturing company beyond the industrial zone, it must be accepted by local authority in accordant with planning.

THE PROCEDURES NEED TO IMPLEMENT AFTER ESTABLISHMENT OF ENTERPRISE

Company’s sign

Opening a bank’s account and registering the submission of electronic tax.

Declare the dossier of company tax for per year and pay a company tax

Declare the beginning of tax dossier

Buy the electronic signature from the service provider

Use the VAT invoice

Company’s seal

The company’s sign will be located at the headquarters of the company

If there is a name of the company by Foreign language, this foreign name must be smaller than Name of company by Vietnamese language.

Connect with a commerce bank to open a bank account and register the tax transaction on internet. After opening a bank account, you need to notify to the business registration office.

Latest at the end of day of month that enterprise established or expected date of operation. So when establishment of the company, if the company is not operated at the granted day of the license, you should register the expected date of operation to the competent authority into the place of tax information registration.

Connection with the tax authority to complete the dossier.

Connection with the service provider in charge on market.

Buy it from the service provider and notify using the VAT invoice to tax office.

Although the law on enterprise is deleted the administrative procedures on notifying the company seal, but the company's seal is still forced of using determined transaction. It means deleting the administrative procedures, but without deleted the company’s seal

 

Kindly contact us if you would like to get a professional legal advice on the law on enterprise. Please reach the hotline: (+84) 937 029 368

or Email: info@barrso.com

Sincerely and thank you

Barrso


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