Your Comprehensive Guide to Establishing a Joint Stock Company in Vietnam (2023)

Vietnam’s robust economy presents an enticing landscape for investors, and establishing a joint stock company (JSC) offers a powerful vehicle to capitalize on this potential. Navigating the intricate legalities can be daunting, but worry not! NT International Law Firm stands by you, providing a roadmap to success with this detailed guide.

Your Comprehensive Guide to Establishing a Joint Stock Company in Vietnam (2023)

Understanding the JSC Advantage:

A JSC is an enterprise with a divided charter capital, represented by equal parts called shares. This unique structure empowers you to:

• Mobilize capital: Issue shares and raise funds from the stock market, fostering expansive growth.
• Limited liability: Enjoy protection from personal liability beyond your invested capital, minimizing risk.
• Flexibility: Structure your company with diverse share types (common, preferred) to cater to specific investor needs.
• Transferable ownership: Sell shares freely to others, facilitating easy entry and exit from the company.

Essential Steps to Establishing a Joint Stock Company

Essential Steps to Establishing a Joint Stock Company:

1. Compiling Documents:

• Shareholder IDs: Notarized copies for all capital contributors (individuals or organizations).
• Establishment Decision/Company Registration Certificate: For existing legal entities contributing capital.
• Headquarters Lease Contract: Proof of a valid office address with business functionality.
• Company Information: Name, charter capital, business lines, address, shareholder list.

2. Understanding Capital Requirements:

• Minimum Capital: Varies depending on your chosen business lines. Consider legal capital requirements for specific industries.
• Capital Contribution Timeframe: Shareholders must fully contribute their share purchases within 90 days of the Business Registration Certificate issuance.

3. Legal Compliance:

• Subject Conditions: Ensure at least 3 founding shareholders and a unique company name.
• Business Line Compliance: Verify your chosen business lines adhere to legal regulations.

4. Procedures and Timeline:

• Prepare Documents: Gather all required documents as outlined above.
• Draft and notarize Company Charter.
• Submit Application: File your application with the local Business Registration Office.
• Receive Business Registration Certificate (BRC): Upon approval, your JSC officially exists!
• Engrave Corporate Seal and Register Online.
• Open a Bank Account and Notify Authorities.
• Register for Electronic Tax Payment and Pay Business License Tax.
• Complete Initial Tax Declaration and Invoice Printing Procedures.
• Implement Monthly, Quarterly, and Annual Tax Reporting and Bookkeeping.

Frequently Asked Questions

Frequently Asked Questions:

• Shareholder Register: A mandatory record of shareholder information, maintained electronically or as a document set.
• Annual General Meeting: A mandatory yearly gathering of shareholders for decision-making. Extraordinary meetings can be held as needed.
• Shareholder Information on BRC: Unlike other company forms, shareholder names are not displayed on the BRC of a JSC.

Empowering Your Journey with NT International Law Firm

Empowering Your Journey with NT International Law Firm:

Navigating the complexities of establishing a JSC can be overwhelming. NT International Law Firm offers comprehensive legal guidance, ensuring a smooth and compliant journey. We stand by you every step of the way, from deciphering legal intricacies to streamlining procedures.

Embrace the potential of Vietnam’s thriving market with confidence! With our expertise and your unwavering vision, your JSC will flourish.

NT International Law Firm is Here to Help

NT International Law Firm is Here to Help

NT International Law Firm has addressed the question of how you can open your own joint stock company. If you have any further questions or concerns regarding corporate law, please contact our law firm immediately for expert legal advice.

If you require any legal assistance, please feel free to reach out to us via phone at 090 252 4567 or through email: info@ntpartnerlawfirm.com. At NT INTERNATIONAL LAW FIRM, our team is committed to offering you prompt and personalized advice.

You also might be interested in:

• The 2015 Civil Code in English
• The 2020 Law On Enterprises in English