hi

BUSINESS ESTABLISHMENT SERVICES

  • Vuong Phat specializes in providing comprehensive Business Establishment Services, ensuring prestige and professionalism for our clients.
  • We are committed to accompanying you through every step of the company formation process, from preparing documents, consulting on the form and procedures for establishment, to carrying out legal procedures.
  • With a team of qualified personnel and a streamlined process, using Vuong Phat’s Business Establishment Services helps you save maximum costs and time with 100% efficiency.

.

All-inclusive

NO ADDITIONAL COSTS.

Plus, it’s free

  • 2-year ICA digital signature
  • E-tax filing registration
  • 100 electronic invoices
  • Invoice issuance notification as per Circular 78

3.299.000VND

Book now

WHAT MAKES VUONG PHAT STAND OUT?

1. Work process

  • 1 person DOES – 2 people CHECK, ensuring the best possible work.
  • Clear task outlines guarantee nothing is missed.
  • Detailed schedules prevent last-minute rushes and missed deadlines.

2. Speed

  • Get your business license and seal in just 5 DAYS!
  • Skip the wait and avoid tedious paperwork.
  • We prioritize your inquiries with rapid response times (10 minutes during business hours, 60 minutes after).

3. Pricing and Special Offers

  • Guaranteed the lowest all-inclusive price nationwide

  • FREE:

    1. 3-year digital signature

    2. 100 electronic invoices

    3. Initial tax registration

Types of businesses

A sole proprietorship is a business owned and operated by one individual who is personally liable for all of the business’s debts and obligations.

Advantages

  • Autonomy in decision-making: The owner has complete control over all business decisions.
  • Builds trust with partners and customers: The personal connection between the owner and the business can foster trust.
  • Fewer legal restrictions: Compared to other business structures, sole proprietorships face fewer legal requirements and regulations.

Disadvantages

  • High risk for the owner: The owner is personally liable for all business debts, which can put personal assets at risk.
  • Unlimited liability: The owner’s personal assets can be used to satisfy business debts.
  • Limited opportunities: The owner cannot be a household business owner, a general partner in a partnership, or invest in other companies by contributing capital or buying shares.

A partnership is a business structure where there must be at least two general partners. In addition to general partners,there may also be limited partners.

Advantages

  • Combines the personal reputation of multiple individuals: This can enhance the credibility and trust of the business.
  • Easier to build trust with customers and partners: The combined reputation of the partners can make it easier to establish business relationships.
  • Simplified management and administration: With fewer members, decision-making and operations can be more streamlined.

Disadvantages

  • High risk for general partners: General partners have unlimited liability for the company’s debts and obligations.
  • Limited partners have no management rights: Limited partners cannot participate in the management of the company.
  • Cannot issue securities: Partnerships cannot raise capital through the issuance of stocks or bonds.

A Joint Stock Company (JSC) is a business entity where shareholders are liable for the company’s debts and other financial obligations only up to the amount of their capital contribution.

Advantages

  • Limited liability for shareholders: Shareholders’ personal assets are protected beyond their investment in the company.
  • Flexible capital structure: Allows for multiple investors to contribute capital.
  • High potential for capital raising: Shares can be issued to raise significant funds.
  • Easy transfer of ownership: Shares can be easily bought and sold.

Disadvantages

  • Complex management and administration: JSCs require more formal governance and decision-making processes.
  • Potential loss of control for founders: Founding shareholders may lose control if they sell a significant portion of their shares.
  • Strict legal regulations: JSCs are subject to stricter legal requirements than other business forms.
  • Tax on share transfers: Shareholders are subject to a 0.1% personal income tax on share transfers.

A Limited Liability Company (LLC) is a business structure that can be formed with either one or multiple members.

Single-Member LLC

  • A single-member LLC is owned by one individual or organization.
  • The owner is personally liable for the company’s debts and other financial obligations.
  • A single-member LLC is allowed to increase or decrease its charter capital.

Multi-Member LLC

  • A multi-member LLC is owned by two to 50 members, who can be individuals or organizations.
  • Members are liable for the company’s debts and other financial obligations only up to the amount of their capital contribution.
  • A multi-member LLC is not allowed to issue shares.

Vuong Phat’s Business Establishment Process

Our pride lies in our rigorous process, ensuring our clients face absolutely no risks

01. Initial consultation

Vương Phát’s team of experts will analyze your needs, assess your requirements, and determine the necessary scope of services.

02. Preparing Documents

We’re here to help you through the process of gathering the necessary information and documents for your business registration.

03. Perform legal procedures

Handle all necessary procedures, including document preparation and submission, business license application, and other related steps.

04. Verification and Finalization

Ensure all procedures are completed accurately and thoroughly. Verify and confirm with relevant authorities.

05. After-establishment assistance

Provide consulting and advisory services in accounting, tax, and related areas to help businesses grow and operate efficiently.

Business Establishment Process Checklist

Guaranteed On-Time Completion

At Vương Phát, we have a clear process for everything, ensuring that our progress always meets our commitments.

  • Three team members are involved in each project’s implementation and review process, with the CEO as the final approver.
  • We use a comprehensive checklist with detailed notes, ensuring clients receive a complete handover.
  • Vương Phát is committed to providing prompt responses to your inquiries, within 10 minutes during business hours and 60 minutes outside of business hours.
ACCOUNTANT VUONG PHAT

“We succeed when you succeed”

Vuong Phat’s Commitment to Customer Service

Always ready to support

24/7 customer support. Fast response within 10 minutes during office hours

Time and Cost Savings

Streamline processes, enabling businesses to concentrate on their core competencies

Professionalism and Expertise

10+ years of chief accountant experience to navigate any financial challenge.

Common Questions about Business Registration Services

What is a turnkey company formation service?

A turnkey company formation service is a comprehensive solution that assists clients in establishing a new company.Instead of navigating the complex process alone, clients can enjoy the convenience and efficiency of a one-stop service.

The turnkey service covers all necessary tasks and procedures, including drafting articles of association, business registration, document preparation, tax and accounting consultation, obtaining business licenses, and fulfilling other legal requirements. A team of experienced professionals handles the entire process, saving clients time and effort while minimizing legal risks.

This service provides convenience and reliability, ensuring a smooth and compliant company formation process that achieves the best possible results. Clients can focus on developing their business without worrying about intricate legal procedures.

The documents required for company formation in Vietnam typically include the following, although there may be variations depending on the type of company and specific requirements of the business registration authority:

Application for Business Registration: This is the first and crucial step, where you provide basic information about the company, including its type, name, and other necessary details.

Company Charter: A mandatory document outlining the company’s management structure, rights and obligations of members, and decision-making procedures.

List of Members: For limited liability companies (LLCs), this list includes detailed information about the members, including the legal representative.

Certified Copies of Identification Documents: This requirement applies to all company members and the legal representative. Valid identification documents include national ID cards (CMND/CCCD) or passports.

Documents Related to Organizational Members: These include a copy of the Establishment Decision or Business Registration Certificate for members who are organizations, along with a written appointment of an authorized representative (accompanied by a certified copy of their CMND/CCCD/passport).

  • Annual Business License Tax: VND 2,000,000 – VND 3,000,000 per year, waived for the first year.
  • Value Added Tax (VAT) 10%: Applicable if invoices are issued.
  • Corporate Income Tax (CIT): 20% on annual net profit.
  • Personal Income Tax (PIT): Paid by the company on behalf of employees, starting from 10% on the portion of income exceeding VND 11,000,000 per month.
  • Special Consumption Tax (SCT): Applies to discouraged goods such as alcohol, beer, and cars.
  • Environmental Protection Tax (EPT): Applies to restricted goods such as gasoline, oil, and plastic bags.
  • Import Tax: Applicable if importing goods from abroad.

Using a turnkey company formation service is a solution for many individuals and organizations today. These comprehensive services reduce unexpected issues and ensure complete preparation of documents according to regulations.

Our turnkey service includes:

  • Free consultation on regulations related to establishing a joint-stock company: We advise on conditions, legal capital, company naming, relevant procedures, and more.
  • Drafting and preparing all documents according to regulations and submitting them to the Department of Planning and Investment: We ensure complete and accurate documentation, addressing any errors or omissions as required by the department.
  • Representing clients in submitting documents and receiving business licenses: We handle the administrative process on your behalf.
  • Delivering business licenses to clients’ homes upon request: We provide convenient delivery services for your convenience.
  • Fulfilling post-license requirements: We assist with publishing information on the national portal, newspaper announcements, signage, digital signature acquisition (if required), round seal engraving, tax code registration,invoice purchase, and more.
  • Providing accounting, financial reporting, and tax services after company establishment: We offer ongoing support for your financial and legal compliance.
  • Supporting legal issues and providing consultation during company operation: We are here to help you navigate any legal challenges that may arise.

Special Offer: Document delivery to your home is completely free!

  • Most affordable on the market
  • No additional costs
  • Fastest turnaround time
  • Complete client confidentiality
  • Free consultation and 24/7 support
  • Post-establishment support services, including accounting, tax, and more

Typically, if no issues arise, the company formation process takes about 3 to 5 days, from the start to receiving the Vietnamese Business Registration Certificate from the Department of Planning and Investment.

Here’s a breakdown of the timeline:

  • Preparation of company registration documents: 30 minutes
  • Submission, review, and processing of documents by the Department of Planning and Investment: 7-10 days
  • Delivery of the Business Registration Certificate from the Department of Planning and Investment to the client: 1-2 days

In the case of establishing a foreign company or involving foreign elements, it takes 10-30 days to obtain an Investment Registration Certificate and 3-5 days for a Business Registration Certificate. The total time required for opening a foreign company is about 30-45 days.

Please note that the above timeline only covers the application for a Business Registration Certificate from the Department of Planning and Investment. It does not include the time for preparing documents and procedures. Therefore,seeking advice from Vương Phát’s team of experts can significantly shorten the overall process.

In most cases, using a comprehensive company formation service means you don’t need to be physically present at the government agency to complete the registration process. You will sign a power of attorney authorizing the service provider to act on your behalf, and a representative will handle all necessary procedures, from submitting registration documents to obtaining a business license.

However, in some special cases or at the specific request of the government agency, the presence of the legal representative or business owner may be required. This often depends on the specific requirements of the registration process and the type of business.