Tiếng ViệtIn the process of consulting and doing business establishment documents for customers, MGC received a lot of questions: what to do after establishing a business. There are Directors who are very knowledgeable about procedures or have accountants or acquaintances to support them, but there are also newly established Directors who sometimes have to do everything themselves. Therefore, MGC has compiled this information so that MGC’s customers as well as (future) customers who read this article will not be confused with the documents and processes after the company’s establishment.
After you receive your Business Registration Certificate, you need:
1. Seal engraving
You can contact any company that can provide this service to engrave the seal. The seal you should always make so that when buying digital signature or opening a bank account, you can seal it without waiting.
Making stamps is very fast, usually you will have them within a day and the price ranges from VND 300.000 – 400.000/ round seal and VND 80.000 – 150.000 / title seal.
The number and form of seals, currently do not need to be registered, but are selected according to the wishes and needs of each company, so after receiving the seal, you can use it.
2. Attestation of Business Registration Certificate and Identity Card/Passport
Normally, the parties will not advise you of this information, but MGC thinks it is important because in the process of doing the initial procedures (eg with banks, taxes, insurance…) you may need it. Use it, so please proactively authenticate 3-5 copies so that they are available when needed, don’t waste time when you need to go to work.
3. Open a bank account
You contact any bank, even after having the information that the company has been established, the banks have automatically contacted you to introduce the service and open a free account, choose Nice number as well. Therefore, you can choose any bank that you find most convenient. Convenience should be considered in terms of:
– Is the transaction office close to your company so that you or your accountant will have less trouble traveling later?
– How are the bank’s fee schedules applied? If there is no fee, how long is it maintained and are there any conditions?
– Is the digitization system (App) available and complete? Because many times when using the app, it’s slow or error constantly, so this should also be considered. That’s why I share that you should choose the first convenient aspect that is in terms of travel distance because of the App, but the error is that you need to go to the transaction office.
Currently, according to the new regulations, you do not need to register or notify your bank account with the Department of Planning and Investment anymore.
4. Buy digital signature & register to issue e-invoices
This is very much needed and supports all transactions of your Company in the future. You can directly contact any unit such as BKAV, Viettel, Misa, FPT,… or agency service companies. Buying from any party is okay as long as you find the price is reasonable, with thoughtful advice.
They will guide and support you to register for digital signatures, register to issue invoices. Therefore, please just exchange your requirements for these units to support. Even if you don’t know what to do, just ask these parties, they will support because this is their business, so they understand and support very quickly.
When registering to issue invoices, please note a little: usually there will be a selection of deduction methods and direct methods for Value Added Tax (VAT).
MGC will explain more clearly so that you can choose when registering to issue invoices:
* Direct method:
Enterprises pay value added tax (VAT) according to the ratio on revenue (how much rate depends on the business line).
– According to this method, the payment of VAT is only based on the revenue achieved, regardless of input costs (with VAT and without VAT).
– The use invoice is the sales invoice purchased directly at the tax office.
– Enterprises that often apply this method are those that are difficult to determine input costs, or input costs without VAT invoices such as: Education, consulting, restaurants, hotels…
* Deduction method:
Enterprise is deducted between input and output tax. If the input VAT of the tax declaration period is greater than the output VAT, the enterprise does not have to pay tax.
– Invoice used is the form of VAT invoice.
– After establishment, almost all businesses choose this method.
After completing this step, you can do business and issue VAT invoices to customers as usual.
5. Make and hang signs at the company’s headquarters
After the establishment, the company needs to hang a sign at the company’s headquarters, the company sign must show information about the company’s name, address, and phone number.
For not hanging the sign at the company, the business may be fined administratively or even more severely, lock the tax code.
6. Declare license fees
Currently, newly established businesses are exempted from license fees for the first year. However, you still need to complete the procedures for declaring license fees, no later than January 30 of the following year. From the following years, it is necessary to declare and pay license tax before January 30 to not be charged late payment interest.
In addition to the above tasks, you may need to do the following:
1. Notice of depreciation of fixed assets: The enterprise shall make a notice on the method of depreciation of fixed assets that the enterprise chooses to apply and send it to the tax agency directly managing it before making the depreciation according to regulations.
2. Sign up for insurance for the first time
When you have an employment relationship, you need to declare and participate in social insurance. If you do not have an employment relationship, you do not need to register and follow this procedure.
3. Monthly/quarterly VAT declaration
Depending on the selected tax period, you will declare VAT monthly/quarterly. Even your company does not need to submit a declaration according to regulations.
If you have any questions or difficulties, you can contact MGC or find it too difficult for these steps, MGC can support you with a reasonable fee for you to complete the initial procedures and be assured of your business.
