Guide to set up a company in Tan Phuoc Ward, Ho Chi Minh City

Are you looking for startup opportunities at the “extended arm” of the southern deep-sea port system? With the official transfer and merger under Resolution 1685/NQ-UBTVQH15, Tan Phuoc Ward (Ho Chi Minh City) has not only changed its administrative boundaries but also become a focal point attracting Logistics and Heavy Industry investment. However, operating a business in the context of the Amended Law on Enterprises 2025 requires absolute accuracy in electronic identification dossiers. The article below by Viet An Law will guide in detail the process to set up a company in Tan Phuoc Ward so that your business is ready to break through right from the start.

Potential for growth when you set up a company in the new Tan Phuoc Ward

Tan Phuoc Ward is a new ward belonging to Ho Chi Minh City, established based on merging the entire natural area and population scale of Phuoc Hoa Ward and Tan Phuoc Ward belonging to the former Phu My City, Ba Ria – Vung Tau Province according to Resolution 1685/NQ-UBTVQH15. The new Tan Phuoc Ward has an area of about 8,362 ha, with an estimated population of about 31,000 people.

Strategic location: Gateway to deep-sea ports and Logistics infrastructure

• Tan Phuoc Ward possesses a very strategic geographical location lying along the Thi Vai River, adjacent to arterial traffic routes and the deep-sea port system, helping businesses easily connect trade, convenient for cargo transportation, import-export, and logistics;
• The deep-sea port system is capable of receiving large tonnage container ships going directly to Europe and America, helping businesses save costs and time in import and export activities;
• Tan Phuoc Ward concentrates many industrial zones and industrial clusters such as Phu My 1, Phu My 2, Phu My 3 Industrial Parks, My Xuan Industrial Park, Cai Mep Industrial Park with large scale and synchronous infrastructure, attracting many heavy industry, supporting industry, energy, and logistics projects;
• Young, abundant labor force, easily attracting personnel from neighboring localities.

Overview of Tan Phuoc Ward, Ho Chi Minh City

Dossier to set up a company in Tan Phuoc Ward according to Decree 168/2025/ND-CP

Currently, when registering to set up a new company in Tan Phuoc Ward, organizations and individuals submit dossiers to the Business Registration Office under the Department of Finance of Ho Chi Minh City online through the National Business Registration Portal at the website https://dangkyquamang.dkkd.gov.vn/.

Components of the dossier to set up a company

Depending on each type of enterprise, the components of the dossier to set up a company will vary. Based on the Law on Enterprises 2020, amended in 2025, Decree 168/2025/ND-CP, Circular 68/2025/TT-BTC, the main components of the dossier to set up a company include:

• Application for enterprise registration according to the form;
• Company Charter (for partnerships, limited liability companies, joint-stock companies);
• List of members (for LLCs, partnerships) or List of founding shareholders, list of shareholders being foreign investors of joint-stock companies (for joint-stock companies) according to the form;
• List of beneficial owners (If any) according to the form;
• Copies of personal legal papers of owners, members, shareholders, legal representatives of the company (in case of providing personal identification numbers, this document does not need to be attached);
• Copy of the establishment certificate of the organization for members, shareholders, owners being organizations;
• Copy of identity card/citizen identity card/passport of the authorized representative of members, shareholders, owners being organizations and document appointing the authorized representative for the capital contribution of the organization;
• Copy of the enterprise registration certificate of the organization and document appointing the capital representative;
• Power of attorney for Viet An Law (in case of choosing the company’s service).

Procedures to set up a new company in Tan Phuoc Ward, Ho Chi Minh City

• Step 1: Access the National Business Registration Portal and log in to the business registration account to submit the dossier online (in case of not having an account, the applicant needs to register for an account);
• Step 2: Declare full information according to the paper dossier and upload the accompanying electronic dossier;
• Step 3: Pay the registration fee to set up an enterprise and complete the dossier submission;
• Step 4: The Business Registration Office of Ho Chi Minh City sends a notice of dossier receipt via the email of the applicant;
• Step 5: Within 03 working days from the date of receiving the dossier, the Business Registration Office of Ho Chi Minh City proceeds to process and return the result:
  • If the dossier is valid, grant the Enterprise Registration Certificate to the enterprise;
  • If the dossier is invalid, send a notice to amend and supplement the dossier.

Cost to set up a company in Tan Phuoc Ward

To set up a company in Tan Phuoc Ward, the following costs will be incurred:

• State fee: 100,000 VND/dossier;
• In case the enterprise uses the service to set up an enterprise of units or law firms, there will be an additional service cost;
• Other costs after you set up such as: Company signboard, company seal carving, electronic digital signature, electronic invoice registration…

Cost to set up a company in Tan Phuoc Ward

What procedures should enterprises note after you set up the company?

After being granted the Enterprise Registration Certificate, the enterprise needs to perform the following necessary and mandatory procedures to operate in accordance with the law:

• Carve the company seal including the round seal and the title seal of the legal representative;
• Hang the signboard at the company headquarters;
• Open a bank account for the enterprise;
• Buy a digital signature (USB token) to declare and pay electronic taxes, sign invoices, declare social insurance;
• Register to use electronic invoices;
• Submit the initial tax declaration dossier at the directly managing tax authority;
• Contribute full charter capital within 90 days from the date of issuance of the Enterprise Registration Certificate;
• Apply for sub-licenses if the company trades in conditional business lines such as logistics, education, healthcare, import-export, transport…

Guide to successfully register to set up a new company in Tan Phuoc Ward

• Choose a legal company address with the correct purpose of use:
  • Do not register headquarters at apartments or collective houses built for residential purposes;
  • The headquarters address must have a legal lease contract accompanied by valid proof of use rights from the lessor.
• Look up and check the enterprise name before registration to ensure no duplication or confusion with the names of previously registered enterprises;
• Choose the correct business industry code according to the Vietnam Standard Industrial Classification according to Decision 36/2025/QD-TTg;
• Enterprises should choose to register the charter capital level based on the scale of operation and development orientation.
  • Some conditional business lines are required to meet the minimum charter capital level such as employment service business, insurance business, banking, securities…;
• Prepare full dossier components according to regulations.

Some companies in Tan Phuoc Ward by field of activity

• In the field of production and industry, the following companies stand out:
  • Phu My Ultra Clear Float Glass Co., Ltd (Enterprise code: 3502329629) stands out in the production of high-quality float glass;
  • Song Long Energy Joint Stock Company (Enterprise code: 3502421984) is an enterprise operating in the field of energy, mining, and processing in Phu My 2 Industrial Park;
  • Hoa My Fertilizer Joint Stock Company (Enterprise code: 3501872046) is a company specializing in producing and distributing fertilizers and agricultural raw materials.
• In the field of transport and logistics, typically there is: Phu My Transport Joint Stock Company (Enterprise code: 3500519166), a large transport company in the area, specializing in transporting goods on National Route 51;
• In the field of agriculture, notably there is: Minh Ngoc Seafood Trading Co., Ltd (Enterprise code: 3502478740) specializing in producing and trading seafood and food.

Update on CIT incentives according to Decree 20/2026/ND-CP

The Government has just issued Decree 20/2026/ND-CP detailing Resolution 198/2025/QH15 on special mechanisms for private economic development. Below are the bright spots on Corporate Income Tax (CIT) incentives that enterprises need to note:

“Golden” incentives for enterprises newly set up

• Policy: Exemption of 100% CIT for 03 consecutive years.
• Subject: Small and medium-sized enterprises (SME) registering for business for the first time.
• Time of application: Calculated from the first year of being granted the Enterprise Registration Certificate.
  • Note: This policy applies immediately from the tax period of 2025 (according to the validity of Resolution 198).

Strict application conditions

This incentive does NOT apply to cases:

• Enterprises newly set up from merger, consolidation, division, separation, conversion of type/owner.
• New enterprises where the legal representative/major shareholder has participated in managing another operating enterprise or one that has just dissolved for less than 12 months.

Other supplementary incentives

Besides CIT, Decree 20/2026/ND-CP also brings a comprehensive support mechanism:

• Premises: Reduce land rent, prioritize renting public assets for SMEs and innovative enterprises.
• Innovative startups: Tax exemption/reduction for Startup Investment Funds when pouring capital into startups.
• Training: Support 100% of management training costs for individuals/business households converting to enterprises.

💡 Implementation guide: Enterprises newly set up in the 2025-2026 period need to immediately review conditions and seek appropriate legal advice to declare for incentives for the upcoming tax settlement period.

Customers wishing for detailed consultation on how to set up a new company in Tan Phuoc Ward, Ho Chi Minh City, please contact Viet An Law Firm for the best support!