How to Register a Multi-Member Company in Vietnam

Establishing a multi-member company in Vietnam is a straightforward process if you follow the correct steps. This guide will walk you through everything you need to know to successfully register a multi-member company and ensure compliance with Vietnamese laws.

1. Prepare the Required Documents

To start the registration process, you’ll need to gather the following documents:

• Business Registration Application: A formal request submitted to the Business Registration Office.
• Company Charter: A document that outlines the company’s internal regulations and governance.
• List of Members: A list that includes the names, personal details, and capital contributions of each member.
• Legal Representative’s Identification: Personal identification of the company’s legal representative.
• Proof of Capital Contribution: Documentation showing the contribution of each member.
• Investment Registration Certificate: Required for foreign investors or entities with foreign capital.

2. How to Submit Your Application

You can submit the application to register a multi-member company in Vietnam through one of the following methods:

• In-Person Submission: Directly at the Business Registration Office.
• Via Postal Service: Submit your documents through postal services.
• Online: Submit electronically via the National Business Registration Portal (https://dangkykinhdoanh.gov.vn).

3. Authorization for Registration

If you wish to authorize another individual or organization to handle the registration of your multi-member company:

• Individual Authorization: Attach a power of attorney and a copy of the authorized person’s identification.
• Organization Authorization: Include a service contract and an introduction letter, along with identification of the representative handling the process.

4. Processing Time

The Business Registration Office will process your application within three working days. If your documents are incomplete or incorrect, the office will notify you of necessary corrections. In case of rejection, a written explanation will be provided.

5. Post-Registration Procedures

Once your multi-member company in Vietnam is officially registered, the following steps need to be completed:

• Company Seal: Obtain and register the company’s official seal.
• Tax Registration: Register the company for taxes and obtain a tax identification number.
• Bank Account: Open a company bank account for business transactions.
• Labor and Social Insurance Registration: Register employees and ensure the company is compliant with labor laws, including social insurance.

6. Capital Contribution Deadline

Members must complete their capital contributions within 90 days of receiving the Business Registration Certificate.

7. Receiving the Business Registration Certificate

Upon approval, the Business Registration Office will issue a Business Registration Certificate within three working days. If any issues arise, you will be notified of necessary adjustments.

8. Fee Payment and Receipts

For online submissions, an electronic receipt will be sent to your registered email once the registration is accepted. If the registration is rejected, any fees paid will be refunded.

Conclusion

To successfully register a multi-member company in Vietnam, ensure that you prepare the correct documents, submit them through the proper channels, and complete post-registration tasks. By following these steps, your business will be legally compliant and ready to operate in Vietnam.

For comprehensive legal support and assistance throughout the registration process, contact UniLaw, an expert in business registration and legal services in Vietnam. Let UniLaw guide you through the process of setting up your multi-member company smoothly and efficiently.

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