HANOI UNIVERSITY
FACULTY OF TOURISM AND MANAGEMENT
_____o0o_____
BLAW ASSIGNMENT
Procedure for enterprise establishment in VietNam
Tutor: Mrs Ho Thuy Hang
Tutorial: 3
Members:
Name:
Vu Thuy Quynh
Tong Thi Van
Nguyen Thi Huyen Trang
Pham Ha Chau
Ngo Thi Hanh
ID
1604010091
1604010120
1506090083
1804000017
1804000032
1
Class
1KT16
3KT16
2D15
4K18
4K18
Signature
TABLE OF CONTENT
1. Introduction………………………………………………………..….…….…3
2. Legal regulations of Joint stock company establishment………….…..………7
3. Current situation on enterprise establishment
- Organizational and managerial structure of joint stock company….…..………..10
- Advantages and Disadvantages of Joint Stock Company…………….………….10
- Equity of joint stock companies………………………………….………………11
- The payment for shares according Law on enterprise in Viet Nam………………11
4. Foreign regulations and conclusion
Foreign regulations………………………………………………….……………12
Conclusion……………………………………………………………..…………13
5. Conclusion ……………………………………………………….……………14
6. Reference………………………..……………………………………………..15
7. Appendix ………………………………………………………………………16
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I. Introduction
1. Opening
These days, there are numerous the shapes of venture in Vietnam advertise economy.
To decide the sorts of venture in Vietnam, Article 4 Undertaking law was said the
meaning of the terms which we got to illustrate in this report. Firstly, we recognize the
definition for variety of shapes of undertaking. Undertaking implies an organization
that has its claim title, resources and a exchange office, and has been enlisted for
foundation for understanding with law for the reason of conducting business
operations. And Vietnam venture implies an undertaking that's built up or enlisted for
foundation in understanding with Vietnamese law and has its head office in Vietnam.
Restricted risk companies incorporate single-member constrained obligation
companies and constrained risk companies with two or more individuals. State venture
implies an venture of which the State holds 100 percent of constitution capital.
Accomplice in a association implies a common accomplice or constrained accomplice.
Besides, capital commitment endeavor or extra commitment of constitution capital of
an existing enterprise. Contributed capital sum implies the whole esteem of resources
paid in or committed to be paid in by a part to a constrained obligation company or
organization. The capital commitment proportion implies the proportion of the
contributed capital sum of a part to the charter capital of a constrained risk company or
association. Constitution capital implies the entire esteem of resources paid in or
committed to be paid in by the individuals upon foundation of a restricted obligation
company or association; implies the full standard esteem implies the commitment of
resources to create up a company’s constitution capital. Capital commitment
incorporates capital commitment for the foundation of a unused of offers sold or
enlisted to be obtained at the time of foundation of a joint stock company.
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2. The forms of enterprise
a. Limited liability companies
Concurring to the Article 47 Bussiness law, a constrained risk company with two or
more individuals is an undertaking in which individuals may be organization or people,
the individuals must not surpass 50. Individuals must be at risk for the obligations and
other property commitments of the endeavor inside the sum of capital contributed to the
endeavor. A constrained risk company with two or more individuals has the legitimate
individual status from the date it is allowed an undertaking enlistment certificate. A
restricted risk company with two or more individuals may not issue its offers.
Art 4. Interpretation of terms
Art 47. Limited liability companies with two or more members
Following the Article 48.1+2 Enterprise law, Charter capital a limited liability
company with two or more members at the time of enterprise registration is the total
amount of capital the members commit to contributing to the company. Members shall
make capital contribution to the company sufficiently and with the right types of assets
as committed at the time of registering the enterprise establishment within 90 days
after the enterprise registration certificate is granted. Company members may only
make capital contribution to the company with assets other than the types of assets
committed if it is agreed by a majority of remaining members. Within this time limit,
the members have the rights and obligations in proportion to their respective
committed capital contribution ratios.
b. Joint stock companies
A joint stock company is an enterprise in which: The charter capital is divided into
equal portions called shares, shareholders may be organizations or individual, the
minimum number of shareholders is three and there is no restriction on the maximum
members regarding to the Article 110.1 Enterprise law. Shareholders are liable for
debts and other property obligations of the enterprise only within their amounts of
capital contributed to the enterprise. And following the Article 110.2+3 Enterprise
law, a joint stock company has legal entity status from the date of grant of the
enterprise registration certificate. A joint stock company may issue all types of shares
to raise funds.
Charter capital of a joint stock company is the total par value of sold shares of different
types. Charter capital of a joint stock company at the time of registration for enterprise
establishment is the total par value of the shares of different types already registered
for purchase and recorded in the company charter.
a. Partnerships
Article 172 Enterprise law, there must be at least 2 members being co-owners of the
partnership who jointly conduct business under one common name (below referred to
as general partners). Apart from general partners, the company may have limited
partners. A partnership has the legal entity status from the date it is granted an
enterprise registration certificate. Partnerships may not issue securities of any type.
__________________________
Art 48. Capital contribution for company establishment and grant capital contribution
certificate
Art 110. Joint stock company
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Art 111. Equity of joint stock companies
Art 172. Partnerships
Following the Article 173.1+2+3, General partners and limited partners shall contribute
capital in full and on time as committed. A general partner who fails to contribute
capital in full and on time as committed, causing damage to the partnership, shall
compensate the partnership for the damage.
b. Private company
Article 183 Enterprise law, a private enterprise is an enterprise owned by an individual
who is liable for all activities of the enterprise with all his/her assets. Private
enterprises may not issue securities of any type. Each individual may establish only
one private enterprise. The owner of a private enterprise must not concurrently be a
business household owner or a partner in a partnership.
Private enterprises may not contribute capital for the establishment of, or purchase
shares or capital contributions in, a partnership, limited liability company or joint
stock company.
And following the Article 184.1+2 Enterprise law, The owner of a private enterprise
shall himself/herself register his/her investment capital. The owner of a private
enterprise is obliged to register accurately the total investment capital, specifying the
amounts in Vietnam dong, freely convertible foreign currencies, gold and other assets;
for the amount in other assets, the types of asset, quantity and residual value of each
type of assets shall also be specified. All capital and assets, including loans and leased
assets, which are used for the business operations of an enterprise, shall be recorded
fully in its accounting books and financial statements in accordance with law.
______________________________
Art 173. Capital contribution for company establishment and grant capital contribution
certificate
Art 183. Private enterprises
Art 184. Investment capital of enterprise owners
Contributed capital sum implies the whole esteem of resources paid in or committed to
be paid in by a part to a constrained obligation company or organization. The capital
commitment proportion implies the proportion of the contributed capital sum of a part
to the charter capital of a constrained risk company or association. Constitution capital
implies the entire esteem of resources paid in or committed to be paid in by the
individuals upon foundation of a restricted obligation company or association; implies
the full standard esteem of offers sold or enlisted to be obtained at the time of
foundation of a joint stock company.
c. Joint stock companies
A joint stock company is an enterprise in which: The charter capital is divided into
equal portions called shares, shareholders may be organizations or individual, the
minimum number of shareholders is three and there is no restriction on the maximum
members regarding to the Article 110.1 Enterprise law. Shareholders are liable for
debts and other property obligations of the enterprise only within their amounts of
capital contributed to the enterprise. And following the Article 110.2+3 Enterprise
law, a joint stock company has legal entity status from the date of grant of the
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enterprise registration certificate. A joint stock company may issue all types of shares
to raise funds.
Charter capital of a joint stock company is the total par value of sold shares of different
types. Charter capital of a joint stock company at the time of registration for enterprise
establishment is the total par value of the shares of different types already registered
for purchase and recorded in the company charter.
d. Partnerships
Article 172 Enterprise law, there must be at least 2 members being co-owners of the
partnership who jointly conduct business under one common name (below referred to
as general partners). Apart from general partners, the company may have limited
partners. A partnership has the legal entity status from the date it is granted an
enterprise registration certificate. Partnerships may not issue securities of any type.
__________________________
Art 48. Capital contribution for company establishment and grant capital contribution
certificate
Art 110. Joint stock company
Art 111. Equity of joint stock companies
Art 172. Partnerships
Following the Article 173.1+2+3, General partners and limited partners shall contribute
capital in full and on time as committed. A general partner who fails to contribute
capital in full and on time as committed, causing damage to the partnership, shall
compensate the partnership for the damage.
e. Private company
Article 183 Enterprise law, a private enterprise is an enterprise owned by an individual
who is liable for all activities of the enterprise with all his/her assets. Private
enterprises may not issue securities of any type. Each individual may establish only
one private enterprise. The owner of a private enterprise must not concurrently be a
business household owner or a partner in a partnership.
Private enterprises may not contribute capital for the establishment of, or purchase
shares or capital contributions in, a partnership, limited liability company or joint
stock company.
And following the Article 184.1+2 Enterprise law, The owner of a private enterprise
shall himself/herself register his/her investment capital. The owner of a private
enterprise is obliged to register accurately the total investment capital, specifying the
amounts in Vietnam dong, freely convertible foreign currencies, gold and other assets;
for the amount in other assets, the types of asset, quantity and residual value of each
type of assets shall also be specified. All capital and assets, including loans and leased
assets, which are used for the business operations of an enterprise, shall be recorded
fully in its accounting books and financial statements in accordance with law.
______________________________
Art 173. Capital contribution for company establishment and grant capital contribution
certificate
Art 183. Private enterprises
Art 184. Investment capital of enterprise owners
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II. Legal regulations of Joint stock company establishment
1. Subjects:
According to Vietnam Enterprise Law, a joint stock company is established with equal
portions called shares, shareholders may be organizations or individual satisfied
requirements in Article 13.2, Enterprise Law. The minimum number of shareholders is
three and there is no restriction on the maximum members regarding to the Article
110.1 Enterprise law. In addition, a Joint stock company can be set up by local or
foreign investors or both. The Director of a Joint Stock company cannot be the Director
of another enterprise.
2. Name:
In the Article 42, Vietnam Enterprise Law, the name of a Joint stock company cannot
be confusingly similar or the same with other registered companies.
For example, a Joint stock company registered under the name ABC Joint stock
company; another company registered later under the name ABC+ Joint stock
company. In this case, the ABC+ Joint Stock company has a unlawful name.
3. Head office:
The head office of an enterprise is the place for contact of the enterprise in the territory
of Vietnam, has a definite address, including house number, alley, street name, names
of hamlet or village, commune, ward or township, district, town or provincial city,
province or centrally run city; telephone and facsimile numbers and email address (if
any) regarding to the Article 43, Enterprise Law.
The head office of a Joint Stock Company cannot be an apartment or dormitory (except
the building was built with leasing purpose).
An address can be the address of more than one Joint stock company.
4. Equity:
According to Article 111.1, Enterprise Law, Charter capital of a joint stock company is
the total par value of sold shares of different types. Charter capital of a joint stock
company at the time of registration for enterprise establishment is the total par value of
the shares of different types already registered for purchase and recorded in the
company charter.
Sold shares mean the number of shares allowed to be offered for which shareholders
have fully paid up to the company. At the time of registration for enterprise
establishment, sold shares means the aggregate a number of shares of different types
that have been registered for purchase.
Unsold shares means shares allowed to be offered and not yet paid for. At the time of
registration for enterprise establishment, unsold shares means the aggregate number
of shares that have not been registered for purchase by shareholders.
Besides, company has right to adjust its charter capital in one of the following cases:
- If the company has been continuously operating for more than 2 years counting from
registering the enterprise registration,the company returns part of contributed capital to
shareholders in proportion to their share ownership in the company.
- The company redeems its issued shares.
- Its charter capital has not yet been paid up fully and on time (Article 111-Enterprise
law).
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The Legal Capital is the minimum capital for enterprise establishment differently
applied for different business types regarding Vietnam Law.
5. Establishment dossiers:
As Article 23 said, the registration dossiers for a Joint Stock company include:
- Enterprise registration application
- Company charter.
- List of founding shareholders and foreign shareholders.
- Copies of the following documents:
+ Citizen or people’s identity card, passport or another valid personal
identification paper, for an individual founding shareholder and a foreign
individual shareholder;
+ Establishment decision, enterprise registration certificate or other
equivalent papers of the organizations and power of attorney; citizen or
people’s identity card, passport or another valid personal identification paper
of the authorized representative, for an institutional founding shareholder or
institutional foreign shareholder.
For an institutional foreign shareholder, the copy of the enterprise
registration certificate or another equivalent paper shall be consular
legalized;
The content of the Enterprise registration application are:
- Name of the enterprise.
- Address of the head office of the enterprise; telephone number,
facsimile number, email address (if any).
- Business line.
- Charter capital; investment capital of the private enterprise owner.
- Types of shares, par value of each type of shares and total number of
shares of each type which may be offered, for a joint stock company.
- Tax registration information.
- Number of employees.
- Full name, signature, permanent residence address, citizenship, serial
number of citizen or people’s identity card or passport or another valid
personal identification paper, for private enterprise owners or general
partners.
- Full name, signature, permanent residence address, citizenship, serial
number of citizen or people’s identity card or passport or another valid
personal identification paper of the at-law representative of the enterprise, for
limited liability companies and joint stock companies.
Below is the example of the Enterprise Registration Application Form: (Circular
02/2019/TT-BKHĐT). It is clearly shown in the Appendix A
6. Establishment procedures:
According to the Article 27, Enterprise Law, The Joint Stock Company Establishment
procedure includes:
- The enterprise founder or authorized person shall submit an enterprise registration
dossier as prescribed in this Law to the business registration agency.
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- The business registration agency shall examine the validity of the enterprise
registration dossier and grant an enterprise registration certificate within 3 working
days after receiving such dossier. If refusing to grant the enterprise registration
certificate, it shall notify in writing such to the enterprise founder, clearly stating the
reason and requirements for dossier modification and supplementation.
- The Government shall stipulate in detail the order and procedures, enterprise
registration dossier, inter-agency coordination in the grant of enterprise registration
certificates, labor registration, social insurance and online enterprise registration.
The content of business registration certificate are:
- Enterprise name and identification number.
- Head office address of the enterprise.
- Full name, permanent residence address, citizenship, serial number of citizen or
people’s identity card or passport or another valid personal identification paper of the
at-law representative of the enterprise, for limited liability companies and joint stock
companies; of the general partners, for partnerships; of the enterprise owner, for private
enterprises; full name, permanent residence address, citizenship, serial number of
citizen or people’s identity card or passport or another valid personal identification
paper of each individual member and name and enterprise identification number and its
head office address of each institutional member, for limited liability companies.
- Charter capital.
7. Changes in registration contents:
As the Article 31, Enterprise Law wrote that at-law representative of an enterprise shall
register the changes in the contents of the enterprise registration certificate within 10
working days after making the changes.
The business registration agency shall examine the validity of the dossier and grant a
new enterprise registration certificate within 3 working days after receiving the dossier.
In case of refusal, it shall notify in writing the enterprise, clearly stating the reason and
requirements for modification and supplementation (if any).
If the company changes one of the following contents:
- Change of the business line;
- Change of a founding shareholder, for joint stock companies, or
change of a shareholder being a foreign investor, except for listed companies;
- Change in other contents in the enterprise registration dossier.
The company has to notify the business registration agency about these changes.
(Article 32.1, Enterprise Law)
III. Current situation on enterprise establishment
1. Organizational and managerial structure of joint stock company
The Joint Stock companies are entitled to choose the organization of their own
company. There are two models to contribute joint stock company: the first one is
General Meeting of Shareholders, Board of Directors, Supervisory Board and Director
General and another one is General Meeting of Shareholders, Board of Directors and
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director or director general. In the first type, joint stock company will have fewer than
11 shareholders and the institutional shareholders own less than 50 percent of the total
number of shares of the company, a Supervisory Board is not compulsory and in the
second one happen when at least 20 percent of the members of the Board of Directors
must be independent members and an Independent Auditing, Board shall be required in
the Board of Directors. According to Article 134, Enterprise Law, the independent
members will have responsibility to supervise and control over the management and
administration of the firm. Companies have only one at-law representative who the
chairperson of the Board of Directors or director or director general may be the
company’s at- law representative as provided in the company charter, unless
otherwise provided in the company charter, the chairperson of the Board of Directors
must be the company’s at-law representative. Since it has more than one at-law
representative, the chairperson of the Board of Directors and director or director
general must naturally be the company’s at-law representatives.
2. Advantages and Disadvantages of Joint Stock Company
According to Business Law, Joint Stock Company is one of the most common type of
business only in VietNam but also all over the world. It is flexible and suitable for
almost economy situation of countries in the world. First of all, it has large capital.
Differ from the limited capital like private company, Joint Stock Company has
outstanding of capital which comes from the unlimited shareholder and well as the
transferable among them. Secondly, Joint Stock Company has fast scope of expansion.
The huge capital collected by means of shares coupled with the earnings of the
company contribute sufficient scope for its expansion. The firm offers an excellent
scope of self-generating growth and the manager are supported by vast finance leads to
huge earnings and to ultimate expansion of the business and growth. Last but not least,
The Joint Stock Company also has the limited liability. It is easier for manager and
director to invest to high risk field. Members cannot be called upon to pay anything
more than the nominal value of the shares held by them. This encourages people who
have little to save to invest money in the company, thus providing ample capital for
initial outlay and expansion of the business.
Besides some beneficial, Joint Stock Company still has some drawbacks. The first thing
should be mentioned is the management and operation of Joint Stock Companies are more
complicated than other types. There are a lot of member of shareholders and a lot of them
do not know each other, even split into opposing groups of shareholders about the benefit.
The next disadvantage is the establishing managing of joint stock company is also more
complicated than other sorts of companies due to the strict of regulations of the law,
especially financial and accounting regimes.
3. Equity of joint stock companies
Charter capital of a joint stock company is the total par value of sold shares of different
types. Charter capital of a joint stock company at the time of registration for enterprise
establishment is the total par value of the shares of different types already registered
for purchase and recorded in the company charter. There are two types of share: sold
shares and unsold shares
Firstly, the number of shares sold means the number of shares that are allowed to be
offered, which the shareholders have paid in full to the company. At the time of
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business registration, sold shares mean a summary of a number of shares of different
types that have been registered for purchase.
Second, unsold shares mean stocks that are allowed to be offered for sale and not yet
paid. At the time of business registration, unsold shares mean the total number of
shares that have not been registered for purchase by shareholders.
In addition, the company has the right to adjust its arrest of charter in one of the
following cases:
- If the company has been operating continuously for more than 2 years from the date of
business registration, the company will return a part of the capital contribution to the
shareholders to promote their ownership of shares in the company.
- Its charter capital has not been paid in full and on time (Article 111 - Enterprise law)
- The company repurchases issued shares as Vinamilk company plans to do in 2020.
According to Thanh Ha (2020, 25 April), Vinamilk is expected to redeem 17.5 million
shares, equivalent to 1% of total outstanding shares to make treasury shares. The
implemented capital will be deducted from the development investment fund of the
enterprise. This action helps to increase stock price by 22% in 1 month.
4. The payment for shares according Law on enterprise in Viet Nam
In Vietnam, law on enterprise for payment of shares was issued in 2014 with the new
charter to fit with the modern market economy. In particular, according to Article
112.1 Enterprise law of Vietnam, shareholders shall make full payment for the shares
they have registered to purchase within 90 days since the date the enterprise
registration certificate is granted, unless a shorter period is provided in the company
charter or the share purchase registration contract. The Board of Directors shall
supervise and urge the full and timely payment for the shares registered for purchase
by shareholders.
During the period from the date the company is granted the enterprise registration
certificate to the deadline for full payment for the shares already registered for
purchase provided, the number of votes of a shareholder shall be determined based on
the number of ordinary shares already registered for purchase, unless otherwise
provided in the company regarding to Article 112.2 Enterprise law.
And according to the Article 112.3,112.4 Enterprise law, a shareholder who has not
paid for the registered shares must naturally no longer be a shareholder of the company
and may not transfer such share purchase right to another. A shareholder who has only
partially paid for the registered shares may have the voting right, receive profits and
have other rights in proportion to the number of paid-up shares; and may not transfer
the purchase right regarding the unpaid shares to another. The unpaid shares shall be
considered unsold shares and the Board of Directors has the right to sell such shares.
The company shall register for adjustment of charter capital to be the total par value of
shares which has been fully paid for and change of founding shareholders within 30
days from the deadline for making full payment for the shares registered for purchase.
Shareholders who have not paid for or have only partially paid for the registered shares
must be liable in proportion to the total par value of the registered shares for the
financial obligations of the company arising during the period 90 days.
For example, in a small joint stock company in Vung Tau, a shareholder has not paid
fully for the registered shares after more than 90 days, according to Miss Huong, the
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member of Board of Directors. In this situation, according to Article 112 of the 2014
Law on Enterprises, he would have the right to vote, receive profits and other rights
corresponding to the number of shares paid; not transfer the right to buy the unpaid
shares to other people. The unpaid shares are considered as unsold shares and the
Board of Directors is entitled to sell them. The company must register to adjust its
charter capital by the face value of the number of shares that have been fully paid and
change of founding shareholders within 30 days from the end of the deadline to pay the
full number of shares registered shares purchased.
Art 112. Payment for shares already registered for purchase upon enterprise
registration Enterprise Law of Vietnam.
IV. Foreign regulations and conclusion
1. Foreign regulations
In accordance with Vietnamese Law, a Joint Stock Company is only possible to be set
up through equal portions of shares. Furthermore, this kind of company requires at least
three shareholders for its establishment. Besides, a Joint Stock Company can be
established by any investors, both local and foreign. It can be owned 100% by foreign
investors. But, it also allows a joint venture between foreign investors and local
investors. To comply with the applicable regulations, it is compulsory for a Joint Stock
Company to have a Management Board that is supervised by an annual general meeting
and an inspection committee, a Chairman of the Management Board and a Director
who will also play the role of the company’s Legal Representative. On the other side,
the establishment of a joint stock company in foreign countries illustrates how it is
different from Vietnam Law.
In general, the procedures to establish a joint stock company are similar to both
enterprises in Viet Nam and the foreign countries. Joint-stock company is established
with at least 3 capital-contributing members (minimum 03 shareholders). With the
instructions of LNP below, customers will understand the process and procedures for
establishing a joint stock company. All the producers also applied directly at the
Business Registration Office or registered online on the National Information
Registration Portal. For example, the establishment of a joint stock company in
Belgium. The Belgian Joint-Stock Company The joint-stock company or the public
limited liability company (the SA/NV) is a popular choice among investors who want
to open a larger business and who will also rely on the investments made by the
shareholders. It has different capital and incorporation requirements than the smaller,
private limited liability company. The Joint-Stock Minimum Share Capital An
important difference between the private limited liability company and the joint-stock
company is the minimum share capital requirement. The amount is larger for the NV
and must be fully subscribed. Requirements for opening a Joint-Stock Company in
Belgium Belgian companies must have a unique company name and a bank account
where the required minimum share capital is deposited. Joint-stock companies in
Belgium must be registered at the Belgian Trade Register. About the management of
the company, according to the corporate management rules, Belgian joint-stock
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companies are required to have three directors. If the company is incorporated by two
individuals and has only two shareholders, the Board of Directors can be limited to only
two members. Directors in Belgium have certain obligations and liabilities and must act
in the best interest of the company.
Meanwhile, requirements of establishing a Joint stock company in Switzerland which
has some differences. Joint stock companies are business vehicles in which
shareholders buy and incorporate different stocks. In Switzerland, the joint stock
company (Aktiengesellschaft, AG) is a very common type of business entity. These
company types are mostly employed by foreign investors wanting to start a medium
size or a large corporation. The Swiss joint stock company can undertake different
business activities: trading, manufacturing and financial activities. The joint stock
company can also be employed as a Swiss holding company or as a subsidiary of a
foreign entity. It is quite simple to open a joint stock company once the owner knows
all the requirements of the Swiss Commercial Law with respect to this type of
company. However, it is best to verify the accuracy of the information with a Swiss law
firm before incorporation. In order to set up a joint stock company in Switzerland,
foreign investors must take into account a set of legal aspects, such as the minimum
share capital or the taxation requirements. The company must meet the following
requirements: a minimum share capital of CHF 100,000 is required to register a Swiss
joint stock company; it must have at least three shareholders of which one must be a
Swiss resident. The Swiss joint stock company will also need one member in the
company’s board who must be a Swiss resident. The shareholders must deposit at least
50,000CHF of the share capital before the company is registered with the Swiss
Commercial Register.
Or like in Turkey, foreign investors who want to establish a joint stock company in
Turkey must fulfill several requirements. The company must have a minimum number
of one shareholder who can be a natural person or a corporate entity. The minimum
amount imposed by the law to set up a Turkish joint stock corporation is 50,000 TRY
(approximately 30,000 euros) and at least 25% of the amount must be submitted prior to
the company registration. The first step to open a joint stock company in Turkey is to
draft the Articles of Association which must contain information on the company’s
members and its activities. Then the representative must reserve a company name. The
statutory documents and the shareholders and directors’ passports or other
identification papers must be filed with the Turkish Companies Registry. Depending on
the company’s activities certain licenses must also be obtained. Once the Turkish joint
stock company is registered, it must hold annual general meetings within 3 months
from the end of the financial year.
From the example above, we can clearly see that the regulations of each company have
similarities and also differences to establish a joint stock company.
2. Conclusion
To sum up, for any type of business in Vietnam also has the regulations and the
procedures which follow Vietnam Law. Establishment of a Joint Stock company has to
13
respond to legal regulations and be given by the enterprise. To determine the types of
enterprise in Vietnam, Article 4 Enterprise law mentioned the meaning of the terms
which we need to demonstrate in this report. Each form as well as the procedure to set
up a Joint stock company will have its own organizational structure, operating
mechanism, rights and obligations specified under Law on Enterprise 2014. The
information that we give in this report fully provides about the legal regulations, current
situation on Joint stock company establishment.
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IV. Conclusion
A joint stock company is the most typical business model of the
type of capital-holding company in which shareholders contribute capital by buying
shares to become co-owners of the company. As a typical type of equity company, the
capital structure of a joint stock company is also very flexible, able to meet the diverse
needs of investors. A joint stock company is a form of business organization capable of
mobilizing a large amount of underground capital flowing into the population strata, the
ability to accumulate and concentrate capital with a huge scale, which can be
considered to be the largest. in the current types of businesses. It can be said that, along
with the economic renovation process of the country, the incessant birth and
development of various types of businesses, especially joint stock companies. part. The
rapid development of these types of businesses has led to disputes in and around the
enterprises. With the promulgation of the Enterprise Law 2014, the organizational
structure and management system of the joint stock company has basically formed the
leverage factors to encourage people within the enterprise; restricting acts of abusing
one's powers and positions to benefit individuals damaging to the common interests;
create conditions for internal insiders, including the owners, to fulfill their duties and
powers, contribute to cost savings, achieve profit targets and improve the performance
of the company. . However, the actual implementation shows that many internal
disputes have occurred in recent years as well as the operation of the joint stock
company, as well as the operations of the agencies in the JSC were delayed due to the
inadequacies of the regulations governing the organization and management of the
JSC.
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VII. Reference:
Thanh
Ha,
bizlive.vn,
https://bizlive.vn/doanh-nghiep/bizdeal-vinamilk-vnm-du-chi-hang-nghin-ty-dong-mu
a-co-phieu-quy-3542316.html
Ministry of Justice, https://moj.gov.vn/Pages/home.aspx
Vietnam Enterprise Law
Updated on Thursday 13th December 2018, Open a Joint Stock Company in Turkey,
https://www.companyformationturkey.com/open-a-joint-stock-company-in-turkey
On 22-Jan-2018, ESTABLISHING A JOINT STOCK COMPANY IN BELGIUM,
https://vdocuments.mx/establishing-a-joint-stock-company-in-belgium.html
Published on Apr 24, 2017, Establishing a Joint Stock Company in Switzerland,
https://www.slideshare.net/Law_Firm_Switzerland/establishing-a-joint-stock-compan
y-in-switzerland
16
Appendix A:
CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM
Độc lập - Tự do - Hạnh phúc
---------------… …, ngày … …tháng … … năm … …
GIẤY ĐỀ NGHỊ ĐĂNG KÝ DOANH NGHIỆP
CÔNG TY CỔ PHẦN
Kính gửi: Phòng Đăng ký kinh doanh tỉnh, thành phố …………….
Tôi là (ghi họ tên bằng chữ in hoa): .................................................
Đăng ký công ty cổ phần do tôi là người đại diện theo pháp luật với các nội dung
sau:
1. Tình trạng thành lập (đánh dấu X vào ô thích hợp)
Thành lập mới
□
Thành lập trên cơ sở tách doanh nghiệp
□
Thành lập trên cơ sở chia doanh nghiệp
□
Thành lập trên cơ sở hợp nhất doanh nghiệp
□
Thành lập trên cơ sở chuyển đổi loại hình doanh nghiệp
□
Thành lập trên cơ sở chuyển đổi từ hộ kinh doanh
□
2. Tên công ty:
Tên công ty viết bằng tiếng Việt (ghi bằng chữ in hoa): ................
Tên công ty viết bằng tiếng nước ngoài (nếu có): .........................
Tên công ty viết tắt (nếu có): ............................................................
3. Địa chỉ trụ sở chính:
Số nhà, ngách, hẻm, ngõ, đường phố/tổ/xóm/ấp/thôn: ................
Xã/Phường/Thị trấn: .........................................................................
Quận/Huyện/Thị xã/Thành phố thuộc tỉnh: ....................................
Tỉnh/Thành phố: ................................................................................
Điện thoại (nếu có)............................. Fax (nếu có): .......................
Email (nếu có): ................................... Website (nếu có): ................
□ Doanh nghiệp nằm trong khu công nghiệp, khu chế xuất, khu kinh tế, khu công nghệ
cao. (Đánh dấu X vào ô vuông nếu doanh nghiệp đăng ký địa chỉ trụ sở chính nằm trong
khu công nghiệp, khu chế xuất, khu kinh tế, khu công nghệ cao).
4. Ngành, nghề kinh doanh1 (ghi tên và mã theo ngành cấp 4 trong Hệ thống ngành
kinh tế Việt Nam):
17
Tên ngành
STT
Mã ngành
Ngành, nghề kinh
doanh chính (đánh
dấu X để chọn một
trong các ngành,
nghề đã kê khai)
5. Vốn điều lệ
Vốn điều lệ (bằng số; VNĐ): ............................................................
Vốn điều lệ (bằng chữ; VNĐ): ..........................................................
Giá trị tương đương theo đơn vị tiền nước ngoài (nếu có): ..........
Có hiển thị thông tin về giá trị tương đương theo đơn vị tiền tệ nước ngoài trên Giấy
chứng nhận đăng ký doanh nghiệp hay không? □ Có
□ Không
6. Nguồn vốn điều lệ:
Loại nguồn vốn
Số tiền (bằng số; VNĐ và Tỷ lệ (%)
giá trị tương đương theo
đơn vị tiền nước ngoài,
nếu có)
Vốn ngân sách nhà nước
Vốn tư nhân
Vốn nước ngoài
Vốn khác
Tổng cộng
7. Thông tin về cổ phần:
Mệnh giá cổ phần (VNĐ):..................................................................
STT Loại cổ phần
1
Cổ phần phổ thông
2
Cổ phần ưu đãi biểu quyết
3
Cổ phần ưu đãi cổ tức
4
Cổ phần ưu đãi hoàn lại
5
Các cổ phần ưu đãi khác
Số lượng
Tổng số
Thông tin về cổ phần được quyền chào bán:
18
Giá trị (bằng số, Tỉ lệ so với vốn
VNĐ)
điều lệ (%)
STT
Loại cổ phần được quyền chào bán
1
Cổ phần phổ thông
2
Cổ phần ưu đãi biểu quyết
3
Cổ phần ưu đãi cổ tức
4
Cổ phần ưu đãi hoàn lại
5
Cổ phần ưu đãi khác
Số lượng
Tổng số
8. Danh sách cổ đông sáng lập (kê khai theo mẫu): Gửi kèm
9. Danh sách cổ đông là nhà đầu tư nước ngoài (kê khai theo mẫu, nếu có): Gửi kèm
10. Danh sách người đại diện theo ủy quyền của cổ đông là tổ chức nước ngoài (kê
khai theo mẫu, nếu có): Gửi kèm
11. Người đại diện theo pháp luật2:
- Họ và tên (ghi bằng chữ in hoa): .................................... Giới tính:
Chức danh: ........................................................................................
Sinh ngày: …../…../……..Dân tộc: ................................. Quốc tịch:
Loại giấy tờ chứng thực cá nhân:
□ Chứng minh nhân dân
□ Hộ chiếu
□ Căn cước công dân
□ Loại khác (ghi rõ):................
Số giấy tờ chứng thực cá nhân: ...................
Ngày cấp: …../…../……..Nơi cấp: Ngày hết hạn (nếu có):…../…../……..
Nơi đăng ký hộ khẩu thường trú:
Số nhà, ngách, hẻm, ngõ, đường phố/tổ/xóm/ấp/thôn: ................
Xã/Phường/Thị trấn: .........................................................................
Quận/Huyện/Thị xã/Thành phố thuộc tỉnh: ....................................
Tỉnh/Thành phố: ................................................................................
Quốc gia: ……………………………………………………………....
Chỗ ở hiện tại:
Số nhà, ngách, hẻm, ngõ, đường phố/tổ/xóm/ấp/thôn: ................
Xã/Phường/Thị trấn: .........................................................................
Quận/Huyện/Thị xã/Thành phố thuộc tỉnh: ....................................
Tỉnh/Thành phố: ................................................................................
Quốc gia: ............................................................................................
Điện thoại (nếu có):............................ Fax (nếu có): .......................
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Email (nếu có): ................................... Website (nếu có): ................
12. Thông tin đăng ký thuế:
STT Các chỉ tiêu thông tin đăng ký thuế
12.1 Thông tin về Giám đốc (Tổng giám đốc) (nếu có):
Họ và tên Giám đốc (Tổng giám đốc): …………………………….
Điện thoại: …………………………………………………………..
12.2 Thông tin về Kế toán trưởng/Phụ trách kế toán (nếu có)3:
Họ và tên Kế toán trưởng/Phụ trách kế toán: ……………………
Điện thoại: …………………………………………………………..
12.3 Địa chỉ nhận thông báo thuế (chỉ kê khai nếu địa chỉ nhận thông báo thuế khác địa
chỉ trụ sở chính):
Số nhà, ngách, hẻm, ngõ, đường phố/tổ/xóm/ấp/thôn: …………………
Xã/Phường/Thị trấn: ………………………………………………….
Quận/Huyện/Thị xã/Thành phố thuộc tỉnh: …………………………
Tỉnh/Thành phố: ……………………………………………………..
Điện thoại ...................................... Fax : ..........................................
Email : .................................................................................................
12.4 Ngày bắt đầu hoạt động4 (trường hợp doanh nghiệp dự kiến bắt đầu hoạt động kể
từ ngày được cấp Giấy chứng nhận đăng ký doanh nghiệp thì không cần kê khai
nội dung này): …../…../…….
12.5 Hình thức hạch toán (đánh dấu X vào ô thích hợp):
Hạch toán độc lập
□
Hạch toán phụ thuộc
□
12.6 Năm tài chính:
Áp dụng từ ngày …../…..đến ngày …../…..5
(ghi ngày, tháng bắt đầu và kết thúc niên độ kế toán)
12.7 Tổng số lao động (dự kiến): ..................................................................
12.8 Hoạt động theo dự án BOT/BTO/BT/BOO, BLT, BTL, O&M:
□ Có
□ Không
12.9 Phương pháp tính thuế GTGT (chọn 1 trong 4 phương pháp)6
Khấu trừ
□
Trực tiếp trên GTGT
□
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Trực tiếp trên doanh số
□
Không phải nộp thuế GTGT
□
12.1 Thông tin về Tài khoản ngân hàng (nếu có tại thời điểm kê khai):
0
Tên ngân hàng
Số tài khoản ngân hàng
……………….……………………… ……………….………………………
…..
…..
……………….……………………… ……………….………………………
…..
…..
13. Thông tin về các doanh nghiệp bị chia, bị tách, bị hợp nhất, được chuyển
đổi (chỉ kê khai trong trường hợp thành lập công ty trên cơ sở chia, tách, hợp nhất,
chuyển đổi loại hình doanh nghiệp):
a) Tên doanh nghiệp (ghi bằng chữ in hoa): ..................................
Mã số doanh nghiệp/Mã số thuế: ....................................................
Số Giấy chứng nhận đăng ký kinh doanh (chỉ kê khai nếu không có mã số doanh
nghiệp/mã số thuế): ..........................................................................
Ngày cấp : …../…../……..Nơi cấp ....................................................
b) Tên doanh nghiệp (ghi bằng chữ in hoa): ..................................
Mã số doanh nghiệp/Mã số thuế: ....................................................
Số Giấy chứng nhận đăng ký kinh doanh (chỉ kê khai nếu không có mã số doanh
nghiệp/mã số thuế): ..........................................................................
Ngày cấp: …../…../……..Nơi cấp: ....................................................
Đề nghị Phòng Đăng ký kinh doanh thực hiện chấm dứt tồn tại đối với doanh nghiệp bị
chia, bị hợp nhất và các chi nhánh, văn phòng đại diện, địa điểm kinh doanh của doanh
nghiệp bị chia, bị hợp nhất.
14. Thông tin về hộ kinh doanh được chuyển đổi (chỉ kê khai trong trường hợp thành
lập doanh nghiệp trên cơ sở chuyển đổi hộ kinh doanh):
Tên hộ kinh doanh (ghi bằng chữ in hoa): ......................................
Số Giấy chứng nhận đăng ký hộ kinh doanh: ................................
Ngày cấp: …../…../…….. Nơi cấp: ...................................................
Mã số thuế của hộ kinh doanh (chỉ kê khai MST 10 số): ..............
Địa điểm kinh doanh: ........................................................................
Tên người đại diện hộ kinh doanh: .................................................
Loại giấy tờ chứng thực cá nhân (kê khai theo giấy tờ chứng thực cá nhân được ghi trên
Giấy chứng nhận đăng ký thuế của hộ kinh doanh):
□ Chứng minh nhân dân
□ Căn cước công dân
21
□ Hộ chiếu
□ Loại khác (ghi rõ):................
Số giấy tờ chứng thực cá nhân của người đại diện hộ kinh doanh (kê khai theo giấy tờ
chứng thực cá nhân được ghi trên Giấy chứng nhận đăng ký thuế của hộ kinh
doanh): ..................................
Ngày cấp: ..../..../....Nơi cấp: ......... Ngày hết hạn (nếu có): …../…../……..
Trường hợp hồ sơ đăng ký doanh nghiệp hợp lệ, đề nghị Quý Phòng đăng công bố nội
dung đăng ký doanh nghiệp trên Cổng thông tin quốc gia về đăng ký doanh nghiệp.
Tôi cam kết:
- Trụ sở chính thuộc quyền sở hữu/quyền sử dụng hợp pháp của công ty và được sử
dụng đúng mục đích theo quy định của pháp luật;
- Chịu trách nhiệm trước pháp luật về tính hợp pháp, chính xác và trung thực của nội
dung đăng ký doanh nghiệp trên.
NGƯỜI ĐẠI DIỆN THEO PHÁP
LUẬT CỦA CÔNG TY
(Ký và ghi họ tên)7
Appendix B: Team Contribution
Member
Part
Ngo Thi Hanh
Introduction, Types of
enterprise, Conlusion
Nguyen Thi Huyen Trang Legal
Regulation
on
enterprise establishment
Pham Ha Chau
Current
situation
on
enterprise establishment (
point 3 and 4)
Vu Thuy Quynh
Current
situation
on
enterprise establishment (
point 1 and 2), final edit
and submission
Tong Thi Van
Foreign regulation
22
Contribution
100%
100%
100%
100%
100%