PROCEDURES FOR QUICK AND EFFICIENT ESTABLISHMENT OF A JOINT STOCK COMPANY.

Procedures to establish a joint stock company should be carried out:

Stage 1: Prepare all the necessary information to set up a joint stock company.

• Step 1: Prepare a copy of the identity card or passport of the legal representative and members or capital contributors. Note: A notarized copy of ID card is less than 3 months, ID validity period less than 15 years.

• Step 2: Name the company. You should name the company short, easy to remember, easy to pronounce and not completely identical to the company that was established before (applied nationwide).

• Step 3: Determine the head office address under the legal use right of the company. As a rule, it is not allowed to register headquarters in apartment buildings and dormitory. For private house address, notarized copy of land use right certificate is required. Where you are headquartered in a commercial building then provide an additional construction decision.

• Step 4: Determine the charter capital to launch business. As a rule, the time for shareholders to fully contribute capital to register to buy is 90 days from the date of being granted the business registration certificate. After this period, if the shareholder has not paid or only partially paid for the registered shares to buy, the enterprise must change the information of founding shareholders and reduce the contributed charter capital within 30 days from the last day to contribute in full.

• Step 5: Determine the title of legal representative of the company. Regarding the title of the legal representative of the company, the title of representative should be the director or general director.

• Step 6: Determine the standardized business lines in accordance with the law on business registration. Can refer to conditional business lines National Portal.

Stage 2: Drafting and submitting dossier to establish joint stock company

• Step 1: Prepare company profile, prepare all the papers specified in Article 20 of Decree 43

• Step 2: Submit the application to the Provincial Business Registration Office where the head office is located (Article 25 of Decree 43/2010 / ND-CP dated April 15, 2010). Note: It is not necessary that the legal representative of the company is required to file. The legal representative of the company can authorize another person to pay for it. In case of authorization, the authorized person needs a valid power of attorney (Article 9 - Circular No. 01/2013 / TT-BKHDT dated January 21, 2013 of the Ministry of Planning and Investment).

Stage 3: Get a business license

After 03 working days from the date of receipt, if your application is valid you will be issued a Certificate of Business Registration.
During the application process, if your application contains errors or not in accordance with the regulations, the DPI specialist has the right to refuse and request the enterprise to rework or amend the application according to regulations.

You will receive a business license after 3 working days and company round mark.

The above are detailed instructions on the procedures to establish a joint stock company before going into business. However, to save time and money, why don't you choose a service that can replace the above procedures on your behalf.

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