How to establish a private enterprise?

Private enterprises are a popular type of business in Vietnam and other countries. With the need to establish a private enterprise, what should you keep in mind? Please join Yes Office to refer to the following information to answer questions about how to establish a private enterprise.

What is a private enterprise?

According to the Enterprise Law, Private enterprise is established by an individual. This individual is the owner of the business and is also fully responsible for all activities of the business with all of his or her assets.

Thus, the scope of responsibility of a private business owner is unlimited. Business owners have the right to manage all business activities of their business.  See more :

• Where to post the announcement of company establishment
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How to establish a private business?

If you have questions about how to establish a private enterprise, you should find out the following related information.

Establishment conditions

Some general conditions that individuals must meet comply when there is a need to establish a private enterprise.

• Business name: name is set in accordance with regulations on The naming method does not cause confusion with other domestic businesses.
• Head office: requires a specific address and clear, not located in the planning area, not near the apartment complex according to regulations on how to locate the headquarters.
• Business business: choose a legal business line in accordance with state regulations.
• Investment capital private: private ownerEnterprises self-guarantee legal capital for industries that require legal capital.
• Business owner: is a person have full civil act capacity and are of age according to regulations. Except for cases where it is prohibited to establish private enterprises according to state regulations.
• Each individual can only own one private enterprise and that enterprise is operated by only one person owner.

Process of steps to establish a private enterprise

Next you can refer to the regulations Process for establishing a private enterprise.

Step 1: Prepare complete documents

First you need to prepare a complete set of documents to register to establish a business. The main documents that need to be prepared are:

• Application for business registration according to the prescribed form.
• Notarized photocopy of ID card/passport within the validity period of the business owner.
• Copy of certificate Only practice the profession of the business owner or director of the business in accordance with regulations.
• Professions that require legal capital require additional documents confirming legal capital

You need to be careful to prepare all types of documents in the application to submit to the Department of Planning and Investment.

Step 2: Submit application

After you have fully prepared the application for registration of establishing a private enterprise, bring it to the registration office of the Department of Planning and Planning. investment. Here, the staff will guide you to re-do or add additional documents if the documents are missing or not in accordance with regulations.  If the application is approved, you will receive an appointment letter to wait for the results. The registration dossier needs to go through censorship stages. If everything is okay, within 7 days you will receive the results and the business establishment registration certificate. Similarly when the dossier does not meet the requirements, you will also be notified to correct or supplement the dossier according to regulations.

Step 3: Receive the certificate and make the business seal

If the application has been approved and you have a certificate, the result you will receive is 01Original and 03 copies of business establishment certificate. Next you need to take the following steps after receiving the certificate such as making a business seal. When you go to the address where your business seal will be made, give a copy of the certificate and receive an appointment letter to receive the seal. When you come to get the stamp, remember to bring your ID card and original business establishment registration certificate.

Step 4: Declare taxes, pay license tax

According to regulations, newly established businesses and companies need to declare taxes and pay license tax within a limited time. The taxes that need to be paid and the costs are specified, you can learn more to do it correctly. Past the tax declaration and tax payment deadline, if the business does not comply, it will be subject to administrative fines and handling. Thus, after completing the next steps, your business can go into operation as usual.

Establishment consulting private enterprise

The above information helps you better understand how to establish a private enterprise. However, if you do not have experience in every step, it is best for you to ask an experienced professional team for support. Service virtual office rental Yes Office specializes in providing business establishment consulting services with a full range of services Small services such as consulting on naming, choosing a business line, legal advice, declaring and paying full taxes in accordance with state regulations. Please contact the company directly for more detailed advice on any questions about establishing a business. See more: Organizational structure of business management system