TRA CỨU CÔNG VIỆC PHÁP LÝ

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Notes for applicants for enterprise registration of joint-stock companies Xem nội dung tiếng Việt

The joint-stock companies should pay attention to the following issues when applying for business registration:

1. Enterprise’s name

- The Vietnamese name of an enterprise shall consist of two elements:

+ The type of business entity: “công ty cổ phần” or “công ty CP”;

+ The proper name: written using the Vietnamese letters, F, J, Z, W, digits, and symbols.

- Before registering the enterprise’s name, the applicant should check for registered names at National Business Registration Portal.

The Business Registration Office has the right to accept or reject a name in accordance with law and the decision of the Business Registration Office shall be the final.

-  A enterprise’s name (in both of Vietnamese and foreign language) and its abbreviated name must not be identical or confusingly similar to another enterprise’s name that is already registered on National Business Registration Portal; except for the names of enterprises that have been dissolved or declared bankrupt by the court.

Cases of confusing names are specified in Article 42 of Law on Enterprises in 2014.

- Enterprises are prohibited to use names of regulatory bodies, the armed forces, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations as the whole or part of the enterprise’s proper name, unless otherwise permitted by the organization.

 - Enterprises are also prohibited to use words or symbols that contradict the history, traditions, culture of Vietnam.

2. Headquarters

The address of the enterprise’s headquarter shall consist of the house number, street, commune, district, province, phone number, fax number, and email address (if any).

3. Business lines

- Enterprises shall select the level 4 business lines in Vietnam Standard Industrial Classification (attached to Decision No. 27/2018/QD-TTg) to write on the business registration form, notification of changes in the business registration certificate or application form for conversion to the certificate of business registration.

In case an enterprise wishes to register more detailed business lines than level 4, it shall select a level 4 business line in Vietnam’s system of business lines, then specify the enterprise's business lines right under the level 4 line, provided the detailed lines are appropriate for the level 4 line.

For more details, please refer to: How to write business lines correctly?

For example:

No.

Description

Code

01

Wholesaling of construction materials and construction equipment

Details: Wholesaling of bamboo, rattan, raw timber and processed timber

4663

02

 

 

- Conditional business lines prescribed in other legislative documents shall be written as prescribed therein.

For example:

No.

Description

Code

01

Trading of owned or rented property and land use rights

Details: trading real estate

6810

02

 

 

- Business lines that are not mentioned in Vietnam’s system of business lines but prescribed in other legislative documents shall be written according to the latter.

For example:

No.

Description

Code

01

Other telecommunications activities

Details: Public gaming centers

6190

02

 

 

- Business registration authorities shall consider adding business lines that are not mentioned in Vietnam’s system of business lines and also not in other legislative documents to the National Business Registration Portal if they are not prohibited, then request the Ministry of Planning and Investment (General Statistics Office) to consider adding new business lines.

4. Charter capital

Charter capital means the total value of assets that are contributed or promised to be contributed by members/partners when establishing a limited liability company or partnership; or the total face value of shares that are sold or registered when establishing a joint-stock company.

Currently, there are no regulations on minimum charter capital for enterprise establishment, except for some cases prescribed by law that enterprises shall ensure the minimum amount of capital for operation in some specific business lines. For more details, please refer to: Business lines that require enterprise to ensure the minimum amount of capital for operation.

5. Authorizing another person to apply for business registration

On principle, the founder of an enterprise shall follow the procedure of enterprise establishment registration and the legal representatives of an enterprise shall follow any procedures relating to business registration.

However, in case the founder or the enterprise authorizes another organization or individual to follow procedures, the following documents shall be added to the application:

1. Valid copies of one of the following ID papers of those who are authorized to apply for registration (if any):

- As for Vietnamese citizens:  Unexpired ID card or Vietnamese passport;

- As for foreigners: unexpired foreign passports or equivalent documents.

2. The letter of authorization, or a legitimate copy of the service contract signed between the enterprise. This document does not need to be notarized;

Or its founder and the enterprise registration agent and the letter of introduction made by that agent to the person who shall directly carry out procedures related to enterprise registration.

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