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Procedures for setting up an Import- Export company

03/12/2021


PROCEDURES FOR

ESTABLISHMENT OF LOGISTIC COMPANY 

Luật Thịnh Trí - Tư vấn thành lập công ty xuất nhập khẩuImage 1. Thinh Tri Law - Consulting on setting up an import-export company

Import and export business is an activity that has a strong impact on the entire economy. Import-Export includes 2 main activities: export and import. This is an area that many traders are interested in and invest in. However, how to prepare documents to establish this business? In the following article, Thinh Tri Law will answer questions for customers.

OVERVIEW:

1. What do businesses need to prepare before setting up an import-export company?

2. Steps to establish an import-export company.

3. Some issues enterprises must complete after registering the establishment of an import-export company.

4.  Business establishment consulting service – Thinh Tri Law. 

1. What do businesses need to prepare before setting up an import-export company?

  • Select the location where the head office of the import-export company is located: The enterprise must choose the public address located in the territory of Vietnam, the address must be specified.
  • The name of the import-export company must not be duplicated: The name of the company must be fully structured, including the type of business and its own name.
  • Prepare capital and register charter capital
  • The company's legal representative: The enterprise must choose a person who is capable, experienced and well performs the responsibilities of the legal representative for the import-export company. The chairman and director may act as the legal representative of the company.
  • Choose the right business type: Enterprises choose one of the following types to register their business, including: private enterprise, joint stock company, one member limited liability company, limited liability company. limited liability company with two or more members, partnership

2. Process of setting up an import-export company

  • Step 1: Prepare the company registration documents
    • Dossier for registration of establishment of an import-export company includes: 
      • 01 Business registration application form;
      • 01 Document on the charter of the import and export company;
      • List of members or list of shareholders (for limited liability companies with 2 or more members and joint stock companies);
      • Copy of ID card/ CCCD/ Passport, enclosed with company registration license (if it is an organization opening a company);
      • Decision of the capital-contributing organization (for companies with capital-contributing organizations);
      • Power of attorney for Thinh Tri Law if the enterprise does not directly complete and submit the application.
  • Step 2: Submit application for company establishment
    • If the enterprise directly submits the application, the application can be submitted online or directly at the business registration office of the province or city where the company's head office is located.
  • Step 3: Get business registration results
    • After 3 working days from the date of submitting a valid application for establishment of an import-export company, the enterprise will receive a business license at the Business Registration Office. If the dossier is invalid, the agency will send a written notice to the enterprise to amend and supplement the dossier.
  • Step 4: Announce the business registration content
    • Enterprises must publish business registration information on the establishment of an import-export company on the national portal within 30 days from the date of receipt of the business registration certificate. The enterprise shall pay the fee and send a written request for announcement of business registration contents to the Business Registration Office where the enterprise has registered.
  • Step 5: Complete the conditions and apply for an import and export license as prescribed.
    • Depending on the industry or product that the business conducts import and export, the company needs to meet its own requirements. Enterprises must complete the conditions and carry out procedures to apply for a license to be eligible for import and export in accordance with the provisions of law. If you have any questions about this step, please contact Thinh Tri Law for detailed advice on the conditions for establishing an import-export company for each business line and product, please call: 1800 6365.

3. Some issues businesses must complete after registering the establishment of an import-export company

  • Pay tax after establishing an import-export company
    • License tax: Import-export companies must pay license tax within 30 days from the date of issuance of the business registration certificate.
    • Value added tax: Enterprises will pay according to the reporting quarter.
    • Corporate income tax: Paid after the end of the fiscal year.
    • Export tax (For exporters): Enterprises will pay when exporting goods.
    • Import tax (For importing enterprises): Enterprises will pay when importing goods.
  • Register for electronic tax payment through your account
    • The accountant uses the registered digital signature software, through the bank to register the enterprise's electronic tax, then the bank will confirm on the system the electronic tax registration for the business.
    • Understanding the law, mastering the market
    • In the industrialization, modernization and globalization, our country has joined the WTO and increasingly integrated more deeply with the world. This is an open business opportunity along with many difficulties and challenges. Therefore, businesses must understand the law to avoid risky situations, ignorance may happen to their businesses.
    • Understanding the market, exploiting the needs of customers is always an advantage because it will help businesses develop and expand more and more markets. Concurrently, businesses also need to understand the law, make sure your business path is legal, protected by law, in order to avoid unnecessary mistakes in the business process, especially transactions with foreign traders.
    • Planning business strategy for import-export company
    • Detailed planning for choosing a business location, reasonable distribution of employees, and business financial planning are very important issues. Enterprises should have a contingency plan and calculate risk options to find ways to overcome and remove if unfortunately encountered in the business process. At the same time, you have to determine the long-term direction for the company, ignoring the immediate benefits, you need to make a long-term battle plan, both to be able to rotate capital and to stabilize employees and premises.

4. Business establishment consulting service – Thinh Tri Law

 Công ty luật TNHH Thịnh TríImage 2. Thinh Tri Law Firm

More articles:
Procedures for changing business name.
Business merger procedures.
Enterprise dissolution procedures.
Procedures for changing the legal representative of the enterprise.

  • Thinh Tri Law Firm, we have accompanied more than 1000 businesses throughout the legal issues, from the initial steps such as setting up a business until the business starts running. We are committed to provide consulting services, support the establishment of an import-export company quickly, efficiently and optimally for businesses. If you have any questions about the establishment of an import-export company, legal procedures related to the establishment of a business, business contracts, labor contracts, dispute resolution, please don't hesitate to contact us.

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