Procedures for establishing a small business in 2022

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Procedures for establishing a small business in 2022

The procedure for setting up a small business is also quite simple and done quickly. The following article will provide detailed information on establishing a small business.

In fact, in Vietnam, the establishment of small business accounts for 96% because this is a type of small-scale enterprise in terms of capital and labor, so it meets the start-up needs of many people. The procedure for establishing a small business is also quite simple and done quickly.

Small businesses are enterprises that employ less than 200 employees for the whole year and have an annual turnover of not more than 20 billion VND. Thus, in order to determine what a small business is, in order to properly apply the regulations, it must be based on different criteria in each different case of the legal document.

Criteria for determining small and medium-sized enterprises to apply the accounting regime according to Decision 15/2006 or 48/2006: it is based on the criteria of TOTAL CAPITAL or NUMBER OF LABOR according to Decree 56/2009/ND-CP. Criteria to determine small and medium-sized enterprises to extend the payment of corporate income tax and VAT in 2013 according to Circular 16/2013/TT-BTC: it is based on the criteria of REVENUE and NUMBER OF LABOR.

Procedures for establishing a small business in 2022

Procedures for establishing a small business

Register the establishment of a small and medium-sized enterprise with the Department of Planning and Investment of the Province or City by submitting a complete application for a business registration certificate.

An application for a business registration certificate includes:

  • ID card/passport certified true copy of business owner 3 copies (no more than 6 months)
  • Business registration application form.
  • Certified true copy of practicing certificate (Not older than 6 months) (if any)
  • Information documents about the enterprise intended to be established such as:
  1. Business name: the business name must comply with the provisions of law, cannot have the same name as another business, and is not prohibited and has the ability to register trademarks and domain names.

2. Address for setting up small and medium-sized enterprises: In accordance with and according to the provisions of law.

3. Line of business: It is necessary to choose the right business line within the legal profession system, not prohibited by law.

4. Charter capital: Guaranteed according to Vietnam’s regulations according to each type enterprise form.

The fastest way to establish a business

To successfully apply for a business registration certificate, you need to complete the following processes:

– After reviewing the conditions and completing the application with complete and accurate information and documents, the enterprise will submit an application for registration of business establishment at the Department of Planning and Investment of the province or city where the enterprise is located. you open a business.

– After registering and being granted a certificate of business establishment by the Department of Planning, the business needs to register at the police office of the province or city where you do business.

– The next step is that the business needs to carry out the procedures for registering a tax code for the business at the tax office and conduct tax registration at the tax department.

– The last step is that the business needs to register for social insurance and statistics for the business.

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