Prepare multiple name options in case the first choice is rejected. The name must comply with regulations, avoid prohibited terms, prevent confusion, and not duplicate existing business names. You may use a Vietnamese name, an English name, or an abbreviation depending on your branding direction.
Determine business lines early to define the company’s operational scope. Each business line can be registered with multiple industry codes depending on the level of detail. Some industries have special conditions such as minimum capital, professional certificates, or additional licenses. Registering a sufficiently broad list helps maintain flexibility in future activities.
The head office must be located at a place eligible for business registration. A private house, commercial office, or dedicated workspace can be used. Residential apartments are generally not accepted unless the building is approved for mixed-use. The company must have a lease agreement or documents proving the legal right to use the address.
Charter capital is determined based on the owner's needs and financial capacity. Capital contribution must be completed within the statutory timeframe. Registering an excessively high amount may increase financial liability in case of risk. Registering a moderate level of capital helps optimize legal obligations.
The legal representative must have valid identification documents and must not fall under prohibited categories for managing enterprises. This person represents the company in all transactions and dealings with state authorities. Businesses may appoint one or multiple representatives but must clearly define their authorities.
The application includes basic documents such as: business registration request form, company charter, list of members or founding shareholders, copies of identification documents of capital contributors, and documents relating to the head office address. Requirements vary depending on the business type, so careful review is essential.
Submit the application to the business registration authority. The application will be reviewed and processed within the stipulated timeframe. If issues arise, the authority will issue a notice requesting revisions or additional documents.
Once approved, the authority will issue the Business Registration Certificate. The company must verify all information including name, address, industry codes, entity type, and charter capital. If any error is found, request corrections immediately to avoid operational impact.
After establishment, the company must open a bank account for transactions. Required documents include the registration certificate, representative information, company charter, and related documents. This account is also used for capital contribution.
The company must complete initial tax declarations, activate electronic tax services, and register for e-invoicing. Tax obligations apply even when there is no revenue. Compliance prevents penalties or administrative delays.
When hiring staff under labor contracts, the company must register for social insurance. If the business owner or manager is not contributing elsewhere, the company must register them with the minimum required contribution. This is a mandatory labor management obligation.
The company must create an account on the public service system to handle electronic procedures such as declarations, notifications, submissions, and information updates. This account streamlines interactions with authorities.
Published: 12/04/2025