Unlocking Opportunities: Understanding the Limited Company Establishment Fees

Company establishment costs refer to fees and charges that individuals founding a company must pay to the state as regulated, as well as related expenses to obtain the Certificate of Business Registration and complete the company establishment procedures.

1. Business Registration Fee at the Department of Planning and Investment

2. Publication Fee for Business Registration Content

According to the provisions of the 2020 Law on Enterprises, within 30 days, businesses must publish their business registration content on the National Business Registration Portal. The publication fee for business registration content, as stipulated by Circular No. 47/2019/TT-BTC, is 100,000 VND.

3. Company Seal Engraving Costs

Currently, the cost varies depending on the provider. The cost of making company round seals can range from 200,000 VND to 300,000 VND, depending on the service provider and the type of seal. For official titles such as Director, Chairman, etc., the cost can range from 70,000 VND to 150,000 VND.

4. Company Signage Costs

The cost of making company signs varies depending on the supplier. Prices in the market can range from 300,000 VND to 1,500,000 VND, depending on the material and size of the sign.

Digital Signature (Token) Purchase Fee

A digital signature is an encrypted USB device used in place of a handwritten signature and company seal by a legal representative to sign declarations or perform other actions online to confirm that the actions are authorized by the company.Businesses can contact digital signature providers such as Viettel, Vina, Vinca, etc., to purchase a digital signature device. The cost depends on the provider and the number of years the service will be used. A digital signature for three years typically ranges from 1,500,000 VND to 2,000,000 VND.

Opening a Company Bank Account and Submitting Bank Account Information

Businesses are required to open a company bank account for transactions and to comply with current regulations on tax payments. The account opening procedure is usually free, but businesses must ensure that there is a balance of at least 1,000,000 VND in the account.

These are the various fees and costs associated with establishing a company

Business License Tax Declaration: 

The business license tax depends on the company's charter capital and is categorized into two levels:

Charter capital below 10 billion VND: Business license tax is 2,000,000 VND per year.

Charter capital above 10 billion VND: Business license tax is 3,000,000 VND per year.

Note: According to Decree 22/2020/ND-CP amending and supplementing certain provisions of Decree 139/2016/ND-CP, businesses established in 2021 are exempt from the business license tax in the first year of establishment.

5. Issuing Electronic Invoices (Value-Added Tax Invoices):

Electronic invoices are data forms that organizations and individuals use to record sales of goods, provision of services, electronic signatures, and electronic transactions according to regulations. The cost for 300 electronic invoices provided by partner ACC is 860,000 VND.

FAQs

1. What licenses are required to start a security company?

   • Licensing requirements vary by location, but typically include a security services license.

2. How can I attract clients to my security company?

   • Utilize online and offline marketing strategies, network within your community, and showcase your expertise.

3. What technology is essential for a security company?

   • Surveillance cameras, access control systems, and cybersecurity measures are crucial for a modern security company.

4. How often should security staff undergo training?

   • Continuous training is recommended to keep security staff updated on the latest protocols and technologies.