How to Set up a Joint-Stock Company in Vietnam in 2023?



Joint-stock company is a type of enterprise recognized by Vietnam law, besides other types being limited liability company, partnership and private enterprise. A joint-stock company has legal status from the date of issuance of the Certificate of Business Registration by Vietnam authority. It is not suitable for all investors to set up a joint-stock company in Vietnam. Therefore, it is important to consult with corporate lawyers in Vietnam to learn the advantage of different forms of companies to be set up in Vietnam for the efficient management and purpose of the owner.


Joint-stock company can issue shares

According to the definition of the Law on Enterprises, a joint-stock company is an enterprise whose charter capital is divided into equal parts called shares. Shareholders of a joint-stock company can be organizations or individuals, and the minimum number of shareholders of the company is 03 people.

There is no limit on the maximum number of shareholders, so it will be convenient for the company when it wishes to expand its business on a larger scale. In addition, shareholders will only be liable for debts and other property obligations of the enterprise to the extent of the amount of capital contributed to the enterprise.

This is an advantage of this type of business because the level of risk that shareholders have to bear. In particular, joint-stock companies have the right to issue shares, bonds and other securities to raise capital, which is a feature that other types of businesses do not have.
Procedure to set up a joint-stock company in Vietnam

The business owner can submit by himself or authorize another individual/organization or a law firm in Vietnam to submit a set of documents to the Business Registration Office where the head office is intended, including:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For members and shareholders being foreign organizations, copies of legal papers of the organization must be notarized and consularly legalized in Vietnam;

c) Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.
How long it takes to set up a joint-stock company in Vietnam?

The processing time will be 03 working days from the date the Business Registration Office receives the valid application.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Dispute Resolution with the Help of Arbitration Lawyers in Vietnam

Hình ảnh
Dispute Resolution Through Arbitration Dispute resolution methods are litigation, negotiation, mediation and arbitration. Handling disputes requires the skills from litigation law firm with  dispute lawyers in Vietnam  whom bring in experience and knowledge to provide resolutions to complex cross-border issues, commercial and civil disputes. If the agreement between parties refer to arbitration as a method of dispute resolution, then it is suggested to engage arbitration lawyers in Vietnam for advice and representation. Litigation at court or dispute through arbitration In Vietnam, most of contracts refer to litigation at court as a method of dispute resolution. The overload of works the court might make dispute resolution taking over a long period of time, discouraging disputants to use litigation at court. Thing has changed over the last 10 years or so after the introduction of Law on Arbitration. In the current business environment, many lawyers have been introduced to arbitration a
Đọc thêm

What Are the Order of Disciplining Employee in Vietnam?

Hình ảnh
What is labour discipline in Vietnam? Labour discipline is the provisions on compliance matters relating to work time, technology and production and business management in labor regulations. But how to ensure the employer could apply the right labour discipline? Many employers only seek consultation from lawyers at  labour law firms in Vietnam  for guidance when it is too late. In general, it can be understood simply that when an employee violates the labor regulations, depending on the extent and regulations of the company, he or she will be subject to disciplinary action. The order of disciplining labor is conducted in accordance with the provisions of labour code in Vietnam. Failing to follow the order of discipline would lead to potential disputes which both employer and employee should consult with  dispute lawyers  at labour law firms in Vietnam for advice to protect their best interests. What are order of disciplining employee in Vietnam? Firstly, the employer must confirm the e
Đọc thêm