Counting the Investment: Understanding the Cost of Setting Up a Limited Company

Starting a business is an exciting journey, and understanding the registration process is crucial for success. In this guide, we'll delve into the step-by-step procedure for registering the establishment of a single-member limited liability company. Whether you choose direct registration, postal services, online registration with a digital signature, or a business registration account, this article has you covered. So, what doess dissolving a limited company mean? ACC Group will address your question.

I. What does the cost of establishing a limited company entail?

 The cost of establishing a limited company, also known as a limited liability company (LLC), can vary based on several factors, including the jurisdiction, the complexity of the business structure, and specific requirements.

II. Procedure for Registering a Single-Member Limited Liability Company: A Comprehensive Guide

1. Direct Registration or Registration through Postal Services

1.1 Submission of the Registration Dossier

• The applicant initiates the process by submitting the registration dossier.
• The Business Registration Office issues a receipt within 03 working days.
• If the dossier is incomplete or the business name violates regulations, the applicant is notified for amendments.

1.2 Online Registration Using a Digital Signature

1.2.1 Submission Process

• The applicant fills in information, uploads electronic documents, and digitally signs the dossier.
• Fees are paid through the national portal for business registration.

1.2.2 Certificate Issuance

• After dossier submission, an electronic receipt is received.
• If requirements are met, the certificate is issued; otherwise, the enterprise is notified for amendments.

1.3 Online Registration Using a Business Registration Account

1.3.1 Submission Process with Authorization

• The applicant uses the business registration account, filling in details and digitally signing.
• Authorization must include contact information for verification.

1.3.2 Certificate Issuance

• Similar to digital signature registration, with an electronic receipt and notification for amendments.

Publication of Business Registration Information

• Business registration information is published during dossier submission.
• Published details include the certificate, industry, and business sectors.

2. Processing Time

The process takes a maximum of 03 working days from receiving a complete and valid dossier.

3. Fees and Charges

3.1 Business Registration Fee

• 50,000 VND per application.

3.2 Publication Fee for Business Registration Information

• 100,000 VND per application.

3.3 Fee Exemptions

• Online registration and conversion from a household business are exempt.

3.4 Payment Details

• Fees are paid during dossier submission.
• Payment methods include direct payment, bank transfer, or electronic services.
• The business registration fee is non-refundable if registration is not approved; however, the publication fee is refundable.

III. Conclusion

Embarking on the journey of establishing a single-member limited liability company is a significant step. Understanding the intricacies of the registration process ensures a smooth start to your entrepreneurial venture.

FAQs

1. Is online registration preferable over direct registration?

   • Online registration offers convenience and faster processing, making it a popular choice.

2. What happens if my registration dossier is incomplete?

   • The Business Registration Office will notify you to make the necessary amendments within 03 working days.

3. Can I get a refund if my registration is not approved?

   • Unfortunately, the business registration fee is non-refundable, but the publication fee will be refunded.

4. Are there any additional fees besides the business registration and publication fees?

   • No, as long as your registration is online or a conversion from a household business.