Unlike other types of companies, the establishment of a science and technology (S&T) company needs to meet specific conditions. With its own particularity that the company directly conducts scientific research and technology development activities, its products can be tangible or intangible. What requirements should be met when establishing a science and technology company? Below is detailed information on the conditions, documents, and processes for certifying a science and technology company according to current regulations.
Science and technology have penetrated deeper and deeper into people’s lives and it has helped people to have outstanding developments in labor productivity, quality, and quantity of goods. It can be said that the development of science and technology will bring high productivity to the fields of agriculture and aquaculture thanks to the improvement of new varieties and the use of machinery in harvesting; At the same time, science and technology brings automation by automatic lines in industries, freeing people from hard manual labor and still ensuring the output of welding goods produced each year.
A science and technology company means a company that directly conducts scientific research and technological development activities as well as production and business activities of all kinds of products from the results of such scientific research and technological development. Business products of science and technology companies are tangible or intangible products. Due to the special nature of products in this business field, the establishment of science and technology company has differences and certain special conditions.
Organizations and individuals compile business registration dossiers according to the provisions of the Law on company to establish the company and make business registration at the competent business registration agencies.
After being established, the company shall compile a dossier of registration for the certificate of a science and technology company and submit it to the Department of Science and Technology of the locality where the company is headquartered for consideration and issuance of the company certificate. science and technology.
Vietnam has had special preferential policies to encourage the establishment of science and technology companies. Thereby, it creates momentum for the company to develop to promote development in other fields by applying modern scientific and technological achievements to production, business, and social life.
To establish a science and technology company, such company must meet the following conditions:
Individuals or organizations that establish science and technology companies must not only complete the invention, but also master the results from that invention, and master science and technology companies must legally use and have appropriate ownership of the technologies they create to develop into the production of products in areas such as:
The company falls into one of two cases:
Having the capacity to create scientific and technological results that are assessed, appraised, and recognized by competent agencies according to regulations. The ability to create scientific and technological results is reflected in the self-research, development, improvement, and production of scientific and technological results by the company that is evaluated, appraised, and recognized by competent authorities.
Having the ability to apply scientific and technological results, which are assessed, appraised, and recognized by competent agencies according to regulations. It is reflected in the company ensuring that the necessary conditions (specified in Form No. 02 in the Appendix issued together with Decree No. 13/2019/ND-CP) to deploy the applications into production and business activities of the company.
Satisfy the condition of turnover ratio.
For a company that has been established for full 5 years or more: a company whose revenue from the production and trading of products formed from scientific and technological results reaches at least 30% of total revenue.
The determination of the turnover ratio for granting the certificate of science and technology company: the company declares itself in the application for the certificate of science and technology company (it can be declared according to the business results of the quarter or five). In addition, the company is responsible for the accuracy and legality of the information. The management agency based on the report on the production and sales of the formed products, which is based on the annual scientific and technological results of the company, performs the management and review. Thereby, the agency ensures the company maintains the conditions for certification of science and technology company.
For newly established businesses less than 5 years old: there is no need to meet the conditions on turnover ratio.
Dossier of application for certification of a science and technology company includes:
a) An application for certification of a science and technology company is made according to form No. 01 in the Appendix to this Decree;
b) A written certification and recognition of scientific and technological results by a competent authority (a copy to be presented with the original for comparison or a certified true copy), in one of the following documents:
c) Plan for production and trading of products formed from scientific and technological results, made according to form No. 02 in the Appendix to this Decree.
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