Established business

Currently, business establishment has been optimized and digitally transformed compared to before. This is considered as an initial turning point in support for registered businesses.

MGC will take the following steps:

  1. Research and advise according to the needs of customers.

Usually when individuals and organizations want to establish a business, they have learned and determined the type and necessary information when registering. However, with the change in the law and not having to read the law, it is possible to grasp the spirit of the Law, so MGC will discuss to understand the needs of customers and then advise customers on the type of business. want to establish, which type is optimal and meets the requirements of customers.

Then, based on the unification of information, the two parties will sign a contract to perform the service work.

2. Complete your profile

MGC will complete the dossier according to what has been agreed with the customer for the customer to review, check and sign according to the instructions of MGC.

3. Submit

MGC will submit the application according to the authorized representative of the customer to submit the application and process the next steps.

4. Send results and hand over documents, issue invoices.

After receiving the results and the Business Registration Certificate from the Business Registration Office, MGC will return its and prepared documents for customers to keep and submit for state inspection in the future (if any).

When the customer completes the payment, MGC will issue a VAT invoice to the customer to calculate the operating expenses of the business.

5. Support after establishment

If the customer does not have an accounting department and needs MGC’s support, MGC will assist with the initial tax procedures and guide you step-by-step to comply with what needs to be done afterward.

Frequently asked questions (FQAs)

Question: How long does it take to register a business?

Currently, the time to register a business at MGC will be from 8-10 working days. Some customers wonder why it takes so long, many of them only do about 3 days or even 1 day. MGC would like to answer customers as follows:

Currently, according to regulations, the application submitted at the Business Registration Office will have RESULTS after 3 days, if the results are successful, the Business Registration Office will print, submit and send the Certificate of Business Registration by post. so the total time will be about 2-3 days later (Currently, it will not be collected directly at the Business Registration office as before, except for the case of delivery after 3 failed attempts).

Therefore, the total processing time of the business registration office has fallen to about 5-6 working days in favorable cases and there is no request to amend and supplement the dossier. When making documents for customers, MGC always prepares the best, but MGC also takes precautions in case there are unsatisfactory points and must supplement records because MGC never dares to promise that MGC is perfect, 100 records are not expensive. any error. Therefore, MGC is very clear with the client during the consultation process.

– MGC can completely “do a service” to get a business registration certificate within 1-3 days in case the customer requests, but MGC does not encourage customers to do this. MGC always advises customers to comply and work according to the law. Setting up a business is almost the last thing to perfect in terms of “form”, maybe customers have cherished for a few months, even a few years before to establish a “brainchild” of their own. So why rush into this step and take a shortcut? Therefore, MGC can follow customer needs but MGC does not encourage customers to work in this direction.

MGC is very clear in this matter, so always give clear advice and expect customers to understand the motto of working at MGC.

Question: What type of business should be established?

There will be no correct answer to answer which type of business is better because it depends on the purpose, size and development desire of the person (group of people) establishing the company. there. You can refer to the information below to understand more about the basic characteristics of each type of business.

  1. Limited liability company with two or more members

– A limited liability company with two or more members is an enterprise with between 02 and 50 members who are organizations and individuals.

– Members are responsible for debts and other property obligations of the enterprise within the amount of capital contributed to the enterprise.

– A limited liability company with two or more members has legal status from the date of issuance of the Certificate of Business Registration.

– A limited liability company with two or more members may not issue shares, except in the case of conversion into a joint stock company.

– A limited liability company with two or more members may issue bonds in accordance with this Law on Enterprises and other relevant laws.

2. Single member limited liability company

– One member limited liability company is an enterprise owned by an organization or individual (company owner).

– The company owner is responsible for the company’s debts and other property obligations within the amount of the company’s charter capital.

– A one-member limited liability company has legal status from the date of issuance of the Certificate of Business Registration.

– A one-member limited liability company may not issue shares, except for the case of conversion into a joint stock company.

– A one-member limited liability company may issue bonds in accordance with this Law on Enterprises and other relevant laws.

3. Joint Stock Company

– Joint stock company is an enterprise in which:

a) The charter capital is divided into equal parts called shares;

b) Shareholders can be organizations or individuals; the minimum number of shareholders is 03 and there is no limit to the maximum number;

c) Shareholders are only liable for debts and other property obligations of the enterprise to the extent of the amount of capital contributed to the enterprise;

d) Shareholders have the right to freely transfer their shares to others, except in some other cases as prescribed.

– A joint stock company has legal status from the date of issuance of the Certificate of Business Registration.

– Joint stock companies have the right to issue shares, bonds and other securities of the company.

4. Partnerships

– A partnership is an enterprise in which:

+ There must be at least 02 members who are common owners of the company, doing business together under a common name (hereinafter referred to as general partners). In addition to general partners, the company may have additional capital contributors;

+ General partners must be individuals, responsible with all their assets for the obligations of the company;

+ Capital contributors are organizations and individuals and are only responsible for the company’s debts within the amount of capital they have committed to contribute to the company.

– A partnership company has legal status from the date of issuance of the Certificate of Business Registration.

– Partnerships may not issue securities of any kind.

5. Private enterprise

– A sole proprietorship is an enterprise owned by an individual and is solely responsible with his or her entire property for all activities of the enterprise.

– Private enterprises are not allowed to issue securities of any kind.

– Each individual is only entitled to establish a private enterprise. The owner of a private enterprise cannot concurrently be the owner of a business household or a general partner of a partnership.

– A private enterprise is not entitled to contribute capital to the establishment or purchase shares or contributed capital in a partnership, limited liability company or joint-stock company.

6. Household business

– A business household registered to be established by an individual or members of a household and is responsible with all his/her assets for the household’s business activities. In case household members register business households, they shall authorize one member to act as the business household representative. Individuals registering business households, the person authorized by household members to act as the business household representative is the owner of the business household.

– Households engaged in agricultural, forestry, fishery, salt production and those selling street food, snacks, trips, mobile businesses, seasonal businesses, and low-income service providers do not have to register for household registration. doing business, except for business in conditional business lines. The People’s Committees of the provinces and centrally-run cities shall prescribe the low-income levels applicable in the locality.

>>> Thus, in the above types, Business Households and Private Enterprises will not have legal status.

Question: What does the establishment profile need?

* Business registration documents for private enterprises

  • Business registration application form.
  • Copy of personal legal documents for private business owners.

* Business registration documents for partnerships

  • Business registration application form
  • Company rules.
  • Members list.
  • Copies of the following documents:

a) Legal papers of individuals for company members being individuals; Legal documents of the organization for members of the company being an organization; Legal documents of the individual for the authorized representative and the document appointing the authorized representative.

For members being foreign organizations, copies of legal papers of the organization must be consularly legalized;

b) An investment registration certificate, for the case where 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 foreign investment documents. implementation manual.

* Enterprise registration documents for limited liability companies with two or more members, joint stock companies

  • Business registration application form.
  • Company rules.
  • List of members for limited liability companies with two or more members; the list of founding shareholders and the list of shareholders who are foreign investors for joint-stock companies.
  • Copies of the following documents:

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

b) Legal papers of individuals 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 papers 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 consularly legalized;

c) Certificate of investment registration, 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.

* Business registration documents for single-member limited liability companies

  • Business registration application form.
  • Company rules.
  • Copies of the following documents:

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

b) Legal papers of an individual, for the company owner being an individual; Legal papers of the organization for the company owner being an organization (except for the case where the company owner is the State); Legal documents of the individual for the authorized representative and the document appointing the authorized representative.

For the company owner being a foreign organization, the copy of the legal papers of the organization must be consularly legalized;

c) Investment registration certificate, in case the enterprise is established by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and its guiding documents. .

Question: What do I need to do after setting up a new business?

After the customer receives the Business Registration Certificate, you need:

– Apply for a sub-license for companies dealing in conditional industries

– Appointment of Accountant/ Chief Accountant. In the case of micro enterprises, customers do not need to worry about this problem but can do the accounting themselves without appointing this position.

– Open a bank account for business, any bank customers find convenient.

– Contact any party providing digital signatures and e-invoices to order digital signatures (Token) and invoices (currently no longer using printed invoices). In this process, the invoice supplier will assist the customer in registering with the tax authority information on registration of accounting regime and registration of invoice issuance.

– Register the method of depreciation of fixed assets

After these steps, customers can operate their business and issue a value-added invoice (VAT) as usual. Then to the month/quarter to declare VAT, corporate income tax depending on the declaration period/revenue of the company. For license tax, you can declare it immediately or until January 30, next year from the time of business establishment.

In addition, when your business generates labor and pays wages, you need to register for insurance initially, and declare personal income tax periodically.

All these issues, MGC supports and guides customers, so customers can rest assured when using MGC’s business registration service.

Question: Does MGC hand over documents and records?

This is for sure, MGC always works in writing (print/electronic), so after finishing each service or job, MGC liquidates the contract between the two parties and hands over all documents to the customer. because these initial documents and records will follow the client company for the rest of the time. This is the customer’s right and MGC’s responsibility.

Question: What is the service price of MGC?

– For the service of setting up a new business: 3,000,000 VND / application

– For registration service / information change notification: 1,800,000 VND / application.

The above price includes 10% VAT.

Please note that when working with some individuals/companies, the price may be cheaper, but the invoice may not be issued or tax is not included. In particular, for example, for the registration field to change the charter capital information of a joint stock company, the parties will only know to advise you in the case of an increase in charter capital due to a share offering, and in the case of increase charter capital by converting loan capital into contributed capital do not know how. Therefore, for complicated cases, it is necessary to have more knowledge related to foreign factors, listed / unlisted companies / loan conversion, registration or notification of short, medium and long-term loans with State bank… you should choose reputable and experienced units to avoid unnecessary risks.

If you have any questions or concerns, please contact MGC by any means for support:

Email: mgc.ltdvn@gmail.com

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