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 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.
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
How to set up a Joint-Stock Company in Vietnam in 2023.pdf
1. 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 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.
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.
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:
2. 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.
The processing time will be 03 working days from the date the Business Registration
Office receives the valid application.
With highly professional staff and great experience in foreign investment, ANT
Lawyers could help to support you to set up a joint-stock company in Vietnam.
Source ANT Lawyers: https://antlawyers.vn/library/set-up-a-joint-stock-company-in-
vietnam.html