Partnership companies are a popular business structure in Vietnam, where at least two general partners share unlimited liability for the company’s operations. This structure is ideal for teams of partners who want to share both profits and legal responsibilities equally. Below is a step-by-step guide on how to register a partnership company in Vietnam.
1. Understanding the Partnership Company Structure
Before diving into the registration process, it’s essential to understand what a partnership company entails in Vietnam:
- General Partners: At least two partners must have unlimited liability.
- Limited Partners: Optional partners who contribute capital but have limited liability.
2. Required Documents for Registration
To successfully register a partnership company, you need to prepare the following documents:
- Application for Business Registration: Use the official form.
- Company Charter: This outlines the company’s governance and is signed by all partners.
- List of Partners: Include general and limited partners (if any).
- Legal documents of partners:
- For individuals: ID card or passport.
- For organizations: Business registration certificate and documents for the authorized representative.
- For foreign organizations: Legal documents must be notarized and consularized.
- Investment Registration Certificate: Required if there is foreign investment involved.
3. How to Submit Your Application
You can submit the registration documents in one of three ways:
a) Direct Submission: Submit your application directly at the Department of Planning and Investment where the company’s headquarters will be located.
b) Via Postal Service: Send the documents via postal service to the Department of Planning and Investment.
c) Online Submission: Register online through the National Business Registration Portal, which simplifies the process of how to register a partnership company in Vietnam.
4. Authorization for Registration Process
In cases where a third party is authorized to submit the application, the following applies:
- For individuals: A power of attorney must be included along with the representative’s legal documents.
- For organizations: A service contract and introduction letter from the organization should be included.
5. Processing Time
The Department of Planning and Investment will process the application within 03 working days. Here’s what to expect:
- If the application is valid, the business registration certificate will be issued.
- If the application is incomplete, a written notification detailing the required corrections will be provided.
6. Post-Registration Procedures
Once you understand how to register a partnership company in Vietnam and complete the registration, follow these steps:
- Company Seal: After receiving the registration certificate, you must engrave a company seal and publish the seal on the National Business Registration Portal.
- Tax Registration: Register with the local tax authority and open a company bank account for business operations.
- Business Registration Announcement: Publish the registration details on the National Business Registration Portal within 30 days.
Summary of How to Register a Partnership Company in Vietnam
To register a partnership company in Vietnam, you need to prepare essential documents like the application for registration, company charter, list of partners, and legal documents for each partner. The application can be submitted in person, by post, or online. After the documents are approved, the business registration certificate will be issued within 3 working days. Post-registration steps include registering the company seal and tax code.
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