You have some capital to open a company but you do not know the conditions and procedures for setting up a business? If you are intending to set up a small and medium-sized business, please refer to the article below!
Find out the size of small and medium enterprises
Unlike large corporations, the size of small and medium enterprises is determined by the total capital and number of employees. Specifically:
- If you intend to do business in the fields of agriculture, forestry, fisheries, industry or construction, the small scale will have a capital of less than 20 billion, the number of employees from 10 to 200 people. As for the micro scale, household size, the number of employees is less than 10 people and the capital is less than 20 billion VND.
Find out the size of your business before you start a business
- In the field of commerce and service, it is called a small business when it has a capital of less than 10 billion, employees from 10 to 50 people. It is also called a medium-sized enterprise if it has a capital of 10 to 50 billion, the number of employees is from 50 to 100 people.
Before starting a business, you need to know for yourself the size of the business that falls into micro, small or medium scale.
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Conditions and procedures for setting up small and medium-sized enterprises
Conditions of establishment
When setting up a company of any size, try to understand what is established in accordance with the law. In this article, we only go to find out the establishment conditions of small and medium enterprises.
Business name
- When you decide to form a company, the company name is a condition that is considered before you are eligible to open a company or not, The business or company name needs to be true to the original style. customs of the Vietnamese people, in accordance with the law.
- Your business name must never be stolen or copied.
- The business name needs to have two components, namely the type of business and the business name.
Business Line
Currently, every business is divided into 2 types of business: conditional business and unconditional business. No matter which industry you choose, you absolutely must not trade in goods and products prohibited by law.
Headquarter location
The place to open a business needs to be within the territory of Vietnam, clearly stating the house number, ward name, town name, district, commune, city, phone number, number tax, email…
The head office of the enterprise is within the territory of Vietnam
Established capital
According to current law, there are 2 types of capital: charter capital and legal capital. The Law on Enterprises does not stipulate a specific amount of capital, so please consider choosing the appropriate amount of capital.
Business establishment profile
After fully reviewing the conditions for setting up a small and medium-sized company, you will need to make an application to apply for the establishment of a company. A set of documents to apply for a business and operation registration certificate is required:
- ID card/passport notarized copy of the head of the business. Maximum 3 copies and notarization time not more than 6 months.
- Application for business registration.
- Notarized copy of practicing certificate not older than 6 months.
- Business name, address, line of business, charter capital of the enterprise.
In addition, please note the people working in state agencies, people's armed forces units, civil servants, public employees, non-commissioned officers, officers... in agencies and units. under the Ministry of National Defense and the Ministry of Public Security are not allowed to establish enterprises.
The fastest way to set up a business
To obtain a successful business registration certificate, you need to complete the following processes:
- After reviewing the conditions and completing the application with complete and accurate information and documents, you will submit an application for registration of business establishment at the Department of Planning and Investment of the province or city where you are located. open a business.
For example, you would submit an application at the Hanoi Department of Planning and Investment
- After registering and being granted a certificate of business establishment by the Department of Planning and Investment, you need to register at the police office of the province or city where you do business.
- The next step is that you need to carry out the procedures for registering a tax code for your business at the tax office and proceed with tax registration at the tax office.
- The last step is to register for social insurance and statistics for your business.
Note when setting up a business, if you want to make time quickly and accurately, you can look for reputable legal consulting firms to have your questions answered and specific instructions on steps. when going through procedures to set up a business.
With the sharing of the conditions and procedures for setting up small and medium-sized businesses that we mentioned above, we hope you will have more understanding before deciding to set up your own business. Good luck!
