A limited liability company is a type of business that is chosen a lot in Vietnam. In order for startups and business owners to have a clearer view of the type of limited liability company, VNNA Law Firm has compiled the legal regulations on establishing a limited liability company for your reference.
I. Basic characteristics when establishing a limited liability company
– Minimum 01 member (if it is a 1-member limited liability company) or maximum 50 members (if it is a 2-member limited liability company);
– Having legal status;
– Members can be individuals or legal entities.
– Being allowed to issue bonds
II. Is it necessary to prove capital when establishing a limited liability company?
When establishing a limited liability company, the member company only needs to commit to contributing enough capital as declared in the form of cash, transfer (mandatory for capital contributing organizations) without the obligation to prove capital immediately upon establishing the company.
III. Procedures for establishing a limited liability company
– Prepare the establishment documents including application for business registration, Charter, list of members, ID card, and other documents, etc.
– Submit documents and announce information on company establishment registration: Currently, 100% of LLC establishment documents are submitted online through the National Business Registration Information Portal.
– Receive the Business Registration Certificate and engrave the company seal;
– Carry out procedures after company establishment
Above are the procedures for establishing a limited liability company (Limited Liability Company). If you need advice and full support on company establishment procedures, please contact VNNA for detailed advice and instructions.
