Set up a two-member limited liability company (LLC) in Vietnam

Set up company in Vietnam – Since The Law on Enterprise 2020 was conducted, it has brought a lot of benefits to individuals and organizations wishing to establish a company. The procedures for company establishment registering have been shortened. This simplification is both easy to register as well as cost-effective for the business. However, preparing a complete and accurate dossier is still a concern for customers. Viet An Law would like to share with customers necessary documents for a two-member limited liability company establishment dossier under the Law on Enterprise and the latest legal documents:

• Application form for enterprise registration (in the form prescribed in Annex I-3 of Circular No.01/2021/TT-BKHDT);
• Company’s charter (with full name and signature of the member being an individual and legal representative or an authorized representative of the member being organization);
• List of members (in the form prescribed in Appendix I-6 of Circular No.01/2021/TT-BKHDT);
• Valid copies of the following documents:

o One of the personal identification documents specified in Article 11 of Decree No.01/2021/ND-CP in case the founder of an enterprise is an individual (including Identity Card or Passport);

o Legal documents of individuals for company members; Legal documents of the organization for members; Legal documents of individuals for an authorized representative of members; Members who are foreign organizations must be legalized;

o Investment registration certificate in the case where an enterprise is established or participated in the establishment by a foreign investor or a foreign-invested business organization following the Law on Investment and legal documents guiding implementation.

• Power of attorney in case customers authorizes another individual or organization to carry out business registration procedures.

After preparing a dossier, you can submit it directly to the Business Registration Office – Department of Planning and Investment where the company is headquartered or submit it online through the National Business Registration Portal by a public digital signature or a business registration account. In case of applying with a business registration account, customers must still submit a hard copy to the business registration office after declaring full information. This agency will issue a business registration certificate to the enterprise if the dossier is valid. In case the application is invalid, the Registry will send a notice in writing and indicate the reason.

Within 30 days after being granted a business registration certificate, an enterprise must publish the enterprise registration content on the National Business Registration Portal by Article 27 of the Law on Enterprises 2020 and pay fees for publishing business registration information. Also, an enterprise must carry out procedures with the tax authorities, make a seal, hang a sign,…

Viet An Law has provided customers with some necessary information for A dossier for setting up a two-member limited liability company above. If customers have any difficulties or need assistance during the application preparation process, please contact Viet An Law to get the most specific and detailed advice.