1. What is a company establishment service?

According to Clause 25, Article 4 of the Enterprise Law 2020, the enterprise founder is an individual or organization that establishes or contributes capital to establish an enterprise.

A company establishment service, or business formation service, refers to a specialized service offering consulting and support on all legal matters related to company formation. This includes guidance on the conditions for establishing a company, the procedures to be followed, and the documentation required for setting up a business.

2. Which units provide company establishment services in Da Nang?

Law firm/Law company

Law firms/Law companies offer specialized legal services in all areas of social life. Specifically, company establishment services and support for legal issues related to company operations are among the services that Law firms/Law companies regularly provide to individuals, organizations,...Law firms/Law companies have a team of lawyers,, and specialists with extensive knowledge, rich experience, responsibility, and professional ethics.  They are trained at reputable institutions and have a solid foundation in the law profession in Vietnam.

When using a full-service company formation consulting package at a law firm or law company, individuals, organizations, and companies will be assured of credibility and professionalism, with comprehensive legal support that complies with the law and ensures the best interests for the company. All documents and procedures will be completed fully and quickly, avoiding the need for multiple visits and missing documents. Additionally, the law firm or law company is ready to accompany and assist with legal issues after the establishment of the company. The company will always have consultants, providing effective solutions to help handle all problems professionally, in accordance with regulations, and bring about business efficiency.

Accounting and auditing service provider

Accounting and auditing service providers specialize in offering a comprehensive range of services related to accounting and auditing, these include:

• Preparing financial statements;
• Managing income and expenses;
• Analyzing financial data;
• Assessing risks and managing budgets;
• Collecting and processing accounting information and data according to work content;
• Recording, calculating, reflecting existing numbers, circulation and use of assets, materials and capital;
• Verifying and supervising revenues and expenditures, collection and payment obligations, debt payment;
• Verifying the management and use of assets and sources of asset formation;
• Calculating costs, providing data and documents, verifying and analyzing the company's financial activities;
• Verifying the honesty and accuracy of financial statements...

These providers have a team of experienced professionals in auditing and accounting, offering comprehensive, efficient, and cost-effective solutions for companies. With a team of highly skilled specialists, they also assist with company formation services. These firms are committed to performing tasks on time, according to clients requirements in a professional manner, while advising  on cost optimization while ensuring legal compliance, especially minimizing the risk of violating accounting and tax regulations.

Tax service providers

A tax service provider offers professional tax-related services, including: 

• Tax consulting
• Tax reporting for business households
• Corporating tax accounting
• Year-end financial reports
• Audit reports
• VAT refunds, HR – personal income tax finalization, ...

Additionally, these service providers now offer comprehensive packages related to company formation, company dissolution, accounting, auditing, …

These providers have a team of highly qualified professionals, including specialists with master’s and bachelor’s degrees in tax, accounting, and auditing. Tax consulting units provide tailored advice and solutions to address challenges and help companies achieve the best results for the company. With a strong commitment to legal compliance and continuous knowledge updates, tax service providers aim to develop into a provider of diverse, full-package services at the most reasonable fees, supporting companies to optimize  operational processes and enhance overall efficiency..

3. Why should you use company establishment services in Da Nang?

According to the provisions of the Enterprise Law, the establishment of a company must be carried out in accordance with the correct procedures at the competent state agency for business registration. The process of establishing a company requires the preparation of numerous complex documents, procedures and paperworks. Therefore, the full-service company formation service was created to address the challenges faced by individuals and organizations in the process of preparing documents, submitting company registration applications, registering seals, and completing many other procedures. These services help individuals and organizations complete the company registration process quickly and efficiently. As a result, the trend of using company formation services is becoming increasingly popular, as it is an extremely convenient option for individuals or organizations with limited experience in legal matters related to company formation, as well as for large companies looking to establish additional branches or subsidiaries....

Below are the benefits of using company establishment services in Da Nang:

• Receiving expert consultation from a team of professionals with comprehensive knowledge of relevant legal issues throughout the entire process, both before and after establishing a company;
• Ensuring that all company establishment procedures are completed thoroughly and accurately, allowing business owners to focus on their core activities without the distraction of legal concerns and administrative tasks;
• Minimizing the risk of errors during the registration process, reducing potential legal risks for the company.
• Saving both time and costs by streamlining the process.

4. What does the company establishment service in Da Nang include?

• Providing detailed advice on essential information related to the company such as unique company name, head office address, company type, legal representative, registered business lines, instructions on declaring the most appropriate charter capital, necessary sub-licenses,  tax issues...;
• Representing clients in drafting company registration documents, ensuring that documents are complete and valid;
• Representing clients in submitting the Enterprise Registration Certificate directly to the Business Registration Office at the company's headquarters;
• Publishing business registration information on the National Electronic Information Portal, engraving the company seal, and registering the seal sample in accordance with regulations and timelines;
• Consulting and supporting the completion of all related procedures after the establishment of the company to ensure that the company can operate smoothly as required. This includes tasks like: Creating a company signboard, registering a bank account and reporting the account number to the Department of Planning and Investment, preparing an application for using and issuing electronic invoices, declaring and paying initial taxes fully, providing legal advice on all issues related to company operations, consulting on related documents throughout the business operation process...

5. What is the process for providing company establishment services in Da Nang?

Here is the 6-step process when providing company establishment services in Da Nang:

Step 1: Receiving information and consultation before company establishment

The service provider will receive initial information from the client. The client needs to provide information such as:

• Proposed company name;
• Proposed address of the company's headquarters;
• Expected business line;
• Charter capital and capital contribution ratio of members in the company…

Then, if the client requests, the service provider will advise the client on initial issues when establishing a company such as choosing a business line, company type, charter capital appropriate to the business line, valid company name, …

Step 2: Preparing company registration documents

The service provider will complete the company registration documents in accordance with regulations. The required documents include:

• Authenticated copy of Enterprise Registration Certificate;
• Draft company charter;
• Application for company establishment in the form issued by the competent business registration authority;
• List of members in a Partnership Company, LLC; list of founding shareholders of a Joint Stock Company;
• Authenticated copies of identification documents of individuals and organizations that are private business owners, members, founding shareholders, …

Step 3: Submitting application and company registration fee

After the client signs the documents, the service provider will submit the documents to the Business Registration Office at the company's head office. At the same time, they will monitor the progress, carry out the fee payment procedures and other necessary procedures as required by the Business Registration Office.

Step 4: Receiving the results

The service provider will represent the client in receiving the Business Registration Certificate. After that, they will publish the business registration details on the National Business Registration Information Portal.

Step 5: Engraving the seal

The service provider will seal engraving and company seal registration.

Step 6: Supporting after company establishment

After establishing the company, if the client requests, the service provider will provide advise and support on other issues such as: setting up an electronic invoice system, tax declaration procedures, tax payment, completing internal company documents,... and providing necessary legal advice for the sustainable development of the company.

6. How much does it cost to use the company establishment service in Da Nang?

When using the company establishment service in Da Nang, clients will need to prepare several fees, including government fees and costs related to company registration procedures. The company establishment service fee in Da Nang depends on the scope of services selected by clients, which includes the following tasks:

• Consulting and completing company registration documents fees;
• Company registration fee;
• Seal engraving cost;
• Purchasing digital signatures and electronic invoices fees;
• Business license fee;
• Sub-license fee (if any)…

7. How long does it take to set up a company in Da Nang?

Currently, according to regulations, the time required to establish a company depends on the form and capital contribution ratio (foreign capital and Vietnamese capital) in each company.

• For companies with foreign investment capital: The time to apply for an investment certificate is approximately 15 to 30 days, and the time to apply for a company establishment license is 03 to 07 days.
• For companies with Vietnamese capital: The time to apply for a company registration certificate is 03 to 07 days.

 The timeframe mentioned above is the period for the Business Registration Authority to review the validity of the dossier. For invalid documents, the Business Registration Authority will provide written notification to the company founder, specifying the necessary revisions or additional information. For incomplete documents, the Business Registration Authority will not issue a license,and the reason will be provided in writing. In such cases, the company founder will have to redo the documents and procedures, which will prolong the company opening process. Therefore, to expedite the company formation procedure, the most critical factor is to ensure that all documents are thoroughly prepared and contain complete information.

8. What should you pay attention to when choosing a company establishment service in Da Nang?

Below are some notes to consider when selecting a company establishment service provider in Da Nang for reference:

• Researching the provider’s background and reputation:  The most important thing is to clearly understand the background and reputation of the company establishment service provider you intend to use. You must find a reliable, reputable, and experienced company establishment service provider to ensure a smooth company establishment process.
• Evaluating quality service:  Before selecting a company establishment service provider, carefully review the available information to assess the service quality. You can consult with previous users or check on social networking platforms such as the website, official fanpage of the service provider.
• Considering reasonable pricing:  When choosing a company establishment service in Da Nang, you need to consider selecting a service provider with a reasonable price and suitable for the market, avoiding costs that are too high compared to the actual value.
• Preparing complete and accurate documents:  Preparing complete documents is important to save time and costs, avoiding problems during the company establishment process.

9. Where to find a reputable company establishment service in Da Nang?

Phong & Partners Law Firm provides a fast, reputable, and comprehensive company establishment service in Da Nang. Founded by Master Lawyer Le Ngo Hoai Phong, who has over 20 years of experience in the legal profession with comprehensive expertise, Phong & Partners is accompanied by a team of Associate Lawyers and legal specialists. These experts are experienced, reputable, and highly specialized in various fields. Throughout its operations, Phong & Partners has consistently worked to provide clients with the best legal solutions for company establishment. At Phong & Partners, clients are assured of the firm's reputation and the effectiveness of its services. The company establishment procedures will be completed in the shortest time possible, and any issues that arise will be resolved efficiently. Phong & Partners offers a full range of company establishment services for the following types of companies:

• Joint Stock Company;
• Private enterprise;
• A One Member LLC;
• A two-member LLC;
• A Partnership Company.

Phong & Partners commits to clients the following issues:

• The team of lawyers and legal specialists at Phong & Partners is always ready to provide high-quality and effective advice and support throughout the process of company formation, both before and after the company is established. Phong & Partners has a team of legal specialists with extensive experience and expertise, trained in legal and business law, who will provide solutions tailored to each specific case of the client.
• Ensuring to process the application in the fastest time after receiving full information from the client and completing all documents in accordance with the law;
• Minimizing legal risks for the company;
• Committing to absolute confidentiality of personal and corporate information.

With many years of experience in the field of legal consulting, Phong & Partners is committed to providing consulting support and providing comprehensive company establishment services, from the beginning of the establishment procedure until the company is operating stably. Phong & Partners pursues the motto of quality, savings and safety to bring the best experience to clients when using the company registration service. If you are looking for a reputable place to use  the company establishment service , reputable, economical, fast, Phong & Partners is a trusted choice.

If you still have concerns or questions about consulting services for company establishment at Phong & Partners , please don’t  hesitate to contact Phong & Partners hotline below for quick, dedicated and enthusiastic advice.