ESTABLISHMENT OF JOINT STOCK COMPANY What is it?
Joint Stock Company As a company, there must be at least 03 founding shareholders participating in the initial capital contribution and there is no limit to the number of shareholders. Shareholders are free to transfer their shares to other people, even if they are not shareholders of the company, without having to go through the procedures to send a notice to the licensing agency. (Except for the provisions in Clause 1, Article 112 of the Law on Enterprises).
General characteristics of joint stock companies
↪️ Minimum 03 shareholders participating in the founding.
Shareholders can be individuals or organizations.
↪️ Joint Stock Company is entitled to issue shares to raise capital.
được️ Shareholders are free to transfer shares to each other.
↪️ Shareholders are only liable for debts to the extent of their shares.
Thus, a Joint Stock Company has its own advantages compared to a 1-member limited liability company, a 2-member limited liability company, which is "There is no limit to the number of shareholders participating in capital contribution. Issuing stocks and bonds to raise capital. Have the right to freely transfer their shares to others” (New Law amended according to Decree 108/2018/ND-CP).
Papers FOR ESTABLISHMENT OF JOINT STOCK COMPANY
Copies of the following documents:
a) Citizen identification card, People's identity card, Passport or other lawful personal identification of founding shareholders and shareholders being foreign investors as individuals.
b) Establishment decision, enterprise registration certificate or other equivalent documents of the organization and written authorization. Citizen ID card. Nation ID. Passport or other lawful personal identification of the authorized representative of founding shareholders and shareholders being foreign investors being organizations. For shareholders being foreign organizations, a copy of the Certificate of Business Registration or an equivalent document must be consularly legalized.
License time to establish a joint stock company
03 working days (if the application is valid) c) Investment registration certificate for foreign investors in accordance with the Law on Investment.
Mandatory procedures after issuing the Certificate of Business Registration (Business License)
Immediately after being licensed to establish a Joint Stock Company, you must carry out the following (REQUIRED) procedures:
Engraving and publishing seal sample Open a bank account and register for electronic tax payment Buy an electronic tax preparation device (Token) (see also the price list of tax preparation equipment) File a tax return and pay License tax (See more latest license tax rate here) Initial tax file Hanging a sign (where the company's head office is located).
NOTE: The Company is not required to order the printing of invoices from the very beginning. In case the company has no need to use it, you can order it yourself at any time.
Expenses for ESTABLISHMENT OF JOINT STOCK COMPANY
In order not to waste time commuting, Law of ABA there is a package ESTABLISHING JOINT STOCK COMPANY service. please contact Hotline 0938165817 To be consulted with a flexible and convenient price list, you only need to pay the correct cost as the selected service package. Everything else is done by the ABA Law.
See more: ESTABLISHMENT OF ONE MEMBER LIMITED LIABILITY COMPANY
