Establishing a Company in District 7 HCMC

District 7 is one of the districts with the strongest economic development in Ho Chi Minh City. More and more company in district 7. Therefore, the need for advice on how to establish a company in District 7 also attracts many individuals and organizations.

Things to note when establishing a company in District 7

Regarding the type of enterprise

Firstly, when establishing a company in District 7, individuals and organizations must choose the appropriate type of enterprise. Currently, there are 4 most popular types of enterprises: 1-member limited liability company; 2-member limited liability company; Joint Stock Company and Private Enterprise. Each type has its own advantages and disadvantages, so to choose, it is necessary to determine the number of members who will contribute capital to the company.

About the company name

Secondly, Each company can name itself as it wishes, but the name must comply with the provisions of the Enterprise Law 2020. In particular, the company name must include the type of enterprise and the company’s own name. In addition, the company name must not be the same as the name of another company.

About the company’s headquarters address

Thirdly, When establishing a company in District 7, the company’s headquarters address must be located in District 7. The information of the headquarters address must clearly state which house number, which street, which ward of District 7. If the company’s headquarters address is located in an apartment building or apartment, there must be full documents proving that this address is qualified to be the company’s headquarters.

About business lines

Fourthly, According to the provisions of the Enterprise Law 2020, business lines are divided into conditional and unconditional business lines. When establishing a company in District 7, it is necessary to clearly identify whether the intended business line belongs to the conditional or non-conditional group. If the business line belongs to the conditional group, it is necessary to ensure that all conditions are fully met to be able to do business.

About charter capital

Lastly, in District 7, there are no regulations on the minimum charter capital in the process of establishing a company. However, the charter capital will be the basis for determining the business license fee that the enterprise must pay. Therefore, companies need to provide the most appropriate charter capital.

Read more: Detailed Instructions for Establishing a Company in District 2

Documents to establish a business enterprise in District 7

When you want to establish a company in District 7, you need to prepare a dossier to request a Certificate of Business Registration. This dossier will include:

Firstly, Application for registration of business establishment;
Secondly, Draft of Enterprise Charter;
Thirdly, List of shareholders or members establishing the enterprise;
Fourthly, Certified copy of legal documents of shareholders; legal representative for individual members;

Also, Certified copy of Business Registration Certificate; Decision on capital contribution and Authorization decision of the organization for the representative individual, along with the legal documents of this individual for shareholders or members of the company that are organizations;
Even, Authorization document for the individual to submit the application for business registration if the applicant is not the legal representative of the enterprise;
Lastly, Certified copy of legal documents of the person submitting the application on behalf of the legal representative of the enterprise.

Read more: Things to Know When Establishing a Company in District 4

Forms of submitting business registration application for company in District 7

To submit a business registration application in District 7, you can do it in one of the following 3 ways:

Submit the application directly to the Business Registration Office – Department of Planning and Investment of Ho Chi Minh City.
Further, Submit the application via post by sending the application by post to the address of the Business Registration Office – Department of Planning and Investment of Ho Chi Minh City.

Furthermore, Submit the application online through an account at the National Business Registration Information Portal.

After the Business Registration Office receives the application for a Business Registration Certificate, the application will be reviewed. If the application meets the requirements, the Business Registration Certificate will be received within 3 to 5 days. If the application does not meet the requirements, the Business Registration Office will specifically notify the enterprise to proceed with amending and supplementing the application.

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In conclusion, the above information will help you understand how to establish a company in District 7.

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