A dossier for setting up a single member limited liability company

A single member limited liability companies are gradually becoming the type of business that many individuals and organizations want to conduct with small and medium-sized businesses due to the coherence and the limited liability of the owners only in the scope of their capital contribution. Therefore, Viet An Law would like to share for you some necessary documents to prepare a dossier when setting up a single member limited liability company in Vietnam.

According to Article 22 of Law on Enterprise 2014, A dossier for setting up a single member limited liability company includes:

• An application form for business registration (form in Appendix I-2 of Circular No.02/2019/TT-BKHĐT);
• The company’s charter (signed by founders);
• A valid copy of one of the personal identification papers specified in Article 10 of Decree No.78/2015/ND-CP of the authorized representative if the company organizes management under model including President, Director or General Director and Controllers. In case the company organizes its management according to the model of the Board of members, the Director/General Director and Controllers, the dossier includes a list of authorized representatives and a valid copy of one of the personal identification papers defined in Article 10 of Decree No. 78/2015/ND-CP of each authorized representative.
  List of authorized representatives using the form in Annex I-10 of Circular No. 02/2019 / TT-BKHDT;

• Copies of:
  • One of the personal identification papers specified in Article 10 of Decree No. 78/2015 / ND-CP of the company owner in case the company owner is an individual (including identity card or Passport);
  • Decision on Establishment, Business Registration Certificate, or an equivalent document of the organization and the letter of authorization; the ID card or other ID papers of the authorized representatives of members being organizations.
    If a member is a foreign organization, the copy of the Certificate of Business registration or an equivalent document must be consularly legalized;

• • The Certificate of Investment registration of the foreign investors as prescribed by the Law on Investment;
• Authorization document of the owner to the authorized person in case the company owner is an organization.

After preparing the aforementioned documents, client declares information on National Business Registration Portal or submits a hard copy to Business Registration Office – Department of Planning and Investment to establish one member limited company. The business registration agency will reply within 03 working days and issue a business registration certificate if the dossier is valid. In case the application is invalid, the agency will reply in writing and specify the reason.

Within 30 days after being granted an Business registration certificate, an enterprise must publish the enterprise registration content on the National Business Registration Portal in accordance with Article 28 of the Law on Enterprises and pay fees for publishing business registration information. Besides, businesses must carry out the procedures with the tax authorities, make a seal.

Viet An Law has provided client with some necessary documents for A dossier for set up the company in Vietnam above. If you have any difficulties or need assistance during the application preparation process, please contact Viet An Law to get the most dedicated help!