Unlocking Opportunities: Understanding Company Establishment Fees

I. What does the company establishment fee entail?

The company establishment fee refers to the costs associated with officially registering and establishing a new company. This fee covers various administrative and regulatory processes involved in formalizing the existence of the company. The specific components of the company establishment fee can vary based on the jurisdiction and the type of company structure chosen.

II. Unveiling the Costs of Company Registration

1. State Registration Fee

The initial hurdle in company registration is the state registration fee, which stands at 200,000 VND per business registration certificate. However, it's essential to note that, as per Article 32 of Decree 01/2021/ND-CP, businesses must also pay fees and charges during the submission of the company establishment dossier. The registration fee, as outlined in Circular 47/2019/TT-BTC, is 100,000 VND per submission.

2. Information Disclosure Fee

Upon establishment, businesses incur a cost for publishing company information on the national information portal, amounting to 100,000 VND.

3. Company Seal Engraving Fee

Securing a company seal involves an engraving fee of 500,000 VND per seal. It's a vital element for official documentation and transactions.

4. Publishing Seal Sample Fee

Traditionally, businesses had to publish the seal sample on the national information portal; however, with the new regulations from 2023, this step is no longer mandatory.

5. Digital Signatures and Electronic Invoices

To enhance digital security and streamline operations, businesses invest in digital signatures and electronic invoices. The cost varies, with digital signatures ranging between 2,000,000 VND to 3,000,000 VND for a 3-year package and electronic invoice software at 2,000,000 VND for 500 invoices.

III. Post-Registration Expenses: Navigating Additional Costs

1. Company Signboard

After establishment, businesses often need to invest in a company signboard. The cost ranges from 300,000 VND to 500,000 VND, depending on specific requirements and size preferences.

2. Company Bank Account Opening

Ensuring financial operations run smoothly requires a company bank account, incurring a fee of 1,000,000 VND for account maintenance.

3. Business License Tax

The final piece of the puzzle involves business license tax, varying between 2,000,000 VND to 3,000,000 VND, contingent on the registered capital—below 20 billion or above 20 billion.

In conclusion, understanding the costs associated with company registration is pivotal for effective financial planning. By grasping these intricacies, entrepreneurs can embark on their business journey well-prepared, ensuring a smooth and cost-effective registration process. Remember, investing in the right elements from the start sets the stage for a successful and thriving business.

Q&A

1. What is the State Registration Fee?

The State Registration Fee is a mandatory fee paid during the company registration process. In Vietnam, it is set at 200,000 VND per business registration certificate.

2. Are There Additional Charges During the Company Establishment Process?

Yes, according to Article 32 of Decree 01/2021/ND-CP, additional fees and charges are required when submitting the company establishment dossier. The registration fee, as per Circular 47/2019/TT-BTC, is 100,000 VND per submission.

3. What is the Information Disclosure Fee?

The Information Disclosure Fee is the cost associated with publishing company information on the national information portal. This fee amounts to 100,000 VND.

4. How Much is the Company Seal Engraving Fee?

The Company Seal Engraving Fee is 500,000 VND per seal. This fee is essential for the creation of an official company seal used in various transactions and documentation.