COMPANY DISSOLUTION SERVICES IN VIETNAM
(The company with foreign investment capital in Vietnam)
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1- WHAT IS COMPANY DISSOLUTION IN VIETNAM?
Dissolution of a company in Vietnam is the process of carrying out procedures to terminate the activities and existence of a company voluntarily or when the company is not eligible to continue operating according to Vietnamese law and based on the condition that all obligations have been fulfilled to state authorities, employees, and other third parties in according with regulation of Vietnam.
2- CASES OF COMPANY DISSOLUTION IN VIETNAM
According to Enterprise Law of Vietnam, businesses can be dissolved in the following cases:
a) The operating term stated in the company charter ends without a decision to extend;
b) According to resolutions and decisions of the business owner for private enterprises, of the Board of Members for partnerships, of the Board of Members and company owner for limited liability companies , of the General Meeting of Shareholders for joint stock companies;
c) The company no longer has the minimum number of members as prescribed by Vietnamese Law for a period of 06 consecutive months without carrying out procedures for converting the type of business;
d) The Certificate of Business Registration is revoked, unless otherwise prescribed by the Law on Tax Administration.
3- CONDITIONS FOR DISSOLUTION OF THE COMPANY IN VIETNAM
According to Vietnamese law, an enterprise can only be dissolved when it ensures payment of all debts and other property obligations and is not in the process of resolving disputes at Court or Arbitration.
Debts include:
- Salary bebts, severance pay, social insurance, health insurance, unemployment insurance as prescribed by law and other benefits of employees according to collective labor agreements and contracts contracted labor;
- Tax debt;
- Other debts.
4- COMMON DIFFICULTIES CUSTOMERS ENCOUNTER WHEN DISSOLVING A COMPANY IN VIETNAM
When dissolving the company in Vietnam, customers may encounter the following difficulties:
- Customers are not familiar with company dissolution procedures;
- Dissolving a company is a complicated procedure, having to go through many steps and preparing many types of documents;
- Dissolving the company must carry out procedures through many different state management agencies, such as: Tax, Insurance, Customs, Department of Planning and Investment;
- Have to perform tax finalization when dissolving the company. This is the most complicated and time task when dissolving a company.
- Company dissolution takes a long time to complete company dissolution procedures.
Therefore, to save time and costs when dissolving a company, many businesses have chosen and used company dissolution service of Golden Star at HCM City, Vietnam.
Using company dissolution service of Golden Star in Vietnam, you can be completely assured about the quality of service, professional service, knowledgeable and solid staff in company dissolution expertise, and enthusiasm. and dedicated to customer service.
5- STEPS FOR DISSOLUTION OF THE COMPANY IN VIETNAM
The procedure for company dissolution in Vietnam is carried out according to the following steps:
Step 1: Make a decision to dissolve the company
The owner/Board of members/General meeting of shareholders holds a meeting to make a decision to dissolve the company. The decision clearly states the reason for dissolution and the plan to liquidate assets and handle debts. if any.
Step 2. Notice of company dissolution
Within 07 working days from the date of approval, the resolution, dissolution decision and meeting minutes must be sent to the business registration agency, tax agency, and employees in the enterprise. Resolutions and dissolution decisions must be posted on the National Business Registration Portal and publicly posted at the enterprise's headquarters, branches, and representative offices.
In case the enterprise still has unpaid financial obligations, it must attach a resolution, dissolution decision and debt settlement plan to creditors, people with relevant rights, obligations and interests. The debt settlement plan must include the name and address of the creditor; debt amount, term, location and method of payment of that debt; method and time limit for resolving creditors' complaints;
Step 3. Liquidate assets and pay company debts
Enterprise debts are paid in the following order of priority:
a) Salary debt, severance pay, social insurance, health insurance, unemployment insurance as prescribed by law and other benefits of employees according to collective labor agreements and labor contracts signed;
b) Tax debt;
c) Other debts;
Step 4. Complete procedures for notification of enterprise dissolution with the Department of Planning and Investment
The legal representative of the enterprise sends the enterprise dissolution documents to the Business Registration Authority within 05 working days from the date of payment of all debts of the enterprise.
Step 5. Carry out company dissolution procedures with the Tax Authority
Enterprises prepare dossiers and submit them to the tax authority to have tax finalization and complete tax obligations and close tax codes.
Note: In case the enterprise has not completed all types of tax declarations and reports, it needs to complete and submit to the tax authority at this step.
The reality shows that carrying out tax settlement with the tax authorities is the most time-consuming and complex step, requiring business accountants to not only have expertise in accounting but also experience in company dissolution..
Step 6. Carry out company dissolution procedures at the Department of Planning and Investment
After completing step 6 with the tax authority, the enterprise prepares the enterprise dissolution documents as follows to submit to the Department of Planning and Investment:
Step 7. Carry out procedures to return the seal and seal sample certificate to the police agency (if any)
For businesses established before July 1, 2015, using a seal issued by the police, when dissolving, the business must return the seal and the Certificate of Seal Sample to the police department.
Step 8. Announce the dissolution on the National Business Registration Portal
6- DOCUMENTS NEEDED FOR COMPANY DISSOLUTION IN VIETNAM
When dissolving a company in Vietnam, you need to prepare the following documents and information:
- Copy of the business registration certificate and seal;
- Financial statements;
- Accounting books;
- Invoices, accounting documents;
- Tax declaration files;
- List of employees;
7- COMPANY DISSOLUTION SERVICE FEES AT GOLDEN STAR IN VIET NAM
A-SERVICE FEE FOR COMPANY DISSOLUTION HAS COMPLETED TAX PROCEDURE
Dissolution service fee after getting notification of tax obligation completion to dissolve company from the tax authority: VND 1,500,000.00.
B-SERVICE FEES FOR DISSOLUTION OF COMPANY DO NOT INCUR REVENUE AND COSTS
|
No |
COMPANY CHARACTERISTICS |
Service fees |
|
1 |
The company has not incurred revenue and expenses |
From VND 8,000,000 |
|
2 |
The company has incurred costs but no revenue |
From VND 10,000,000 |
C-SERVICE FEES FOR DISSOLUTION OF COMPANY WITH REVENUE IN VIETNAM
a) BASIC PACKAGE (consulting and document preparation): Service fee: From VND 12,000,000.
CONTENTS OF THE WORK GOLDEN STAR WILL PERFORM:
1) Consulting on company dissolution
- Consulting on regulations on company dissolution;
- Consulting on preparing documents for dissolution;
- Consulting on tax declaration documents for dissolution;
- Consulting on tax finalization documents for dissolution;
- Consulting on invoices upon dissolution;
- Consulting on asset liquidation before dissolution;
- Consulting on handling payable debts before dissolution.
2) Draft documents, submit company dissolution documents
- Prepare and submit a notice of dissolution to the business registration agency
- Prepare and submit documents requesting invalidation of tax code;
- Prepare and submit dissolution registration documents to the business registration agency (after receiving notice of completion of tax obligations to dissolve the comaany from the tax authority).
b) FULL PACKAGE: SERVICE FEE FROM VND15,000,000
CONTENTS OF THE WORK GOLDEN STAR WILL PERFORM:
1) Consulting on company dissolution in Vietnam
- Consulting on regulations on company dissolution;
- Consulting on preparing documents for dissolution;
- Consulting on tax declaration documents for dissolution;
- Consulting on tax finalization documents for dissolution;
- Consulting on invoices upon dissolution;
- Consulting on asset liquidation before dissolution;
- Consulting on handling payable debts before dissolution.
2) Draft documents, submit company dissolution documents in Vietnam
- Prepare and submit a notice of dissolution to the business registration agency
- Prepare and submit documents requesting invalidation of tax code;
- Prepare and submit dissolution registration documents to the business registration agency (after receiving notice of completion of tax obligations to dissolve the comaany from the tax authority).
3) Perform tax settlement with the tax authority to confirm completion of tax obligations with the tax authority
- Consulting on completing accounting books and tax settlement documents;
- Submit tax finalization documents to the tax authority;
- Support in explaining tax settlement to tax authorities;
- Receive notice of completion of tax obligations of the dissolved company from the tax authority.
4) Carry out procedures related to social insurance (if any):
- Draft documents, submit documents, receive results as authorized.
5) Carry out procedures related to import and export tax at the customs office (if any):
- Draft documents, submit documents, receive results as authorized.
6) Return the seal and post a notice of dissolution of the company
- Return the stamp and receive notice of stamp revocation (if any);
- Posting notice of company dissolution.
Note:
- Golden Star will quote a price for dissolution services for each specific case/company
- The service fees are not inclusive of VAT
8- TIME TO COMPLETE PROCEDURES FOR DISSOLUTION OF THE COMPANY IN VIETNAM
The average time to complete company dissolution procedures in Vietnam is from 25 - 60 working days, details as:
- From 3 - 5 working days, prepare and submit the company dissolution notification documents to the business registration agency;
- From 15 - 45 working days, complete tax procedures at the tax office;
Performing tax finalization to dissolve the company takes the most time. Reality shows that the time to complete tax procedures at the tax authority can last over 45 working days.
- From 3 to 5 working days, prepare and submit dissolution registration documents at the business registration agency after completing tax procedures.
9- WHY SHOULD YOU USE COMPANY DISSOLUTION SERVICES IN VIETNAM?
a) To Complete company dissolution procedures requires many complicated procedures and must go through many different agencies, such as tax authorities, social insurance agencies, customs agencies, police agencies, and registration agencies. enterprise? Company dissolution service of Golden Star will help you carry out these procedures.
b) If you are not specialized in the fields of accounting, tax, or company dissolution, you will spend a lot of time and effort preparing documents, drafting documents, editing documents many times, and implementing them. Performing tax finalization procedures with tax authorities to dissolve the company. Company dissolution service of Golden Star will help you.
c) Do you want to save time and costs when carrying out company dissolution procedures? Company dissolution service of Golden Star will help you.
d) You don't have time to prepare company dissolution procedures? Company dissolution service of Golden Star will help you
10- YOU CHOOSE COMPANY DISSOLUTION SERVICE OF GOLDEN STAR IN HCM CITY, VIETNAM BECAUSE:
a) Many years of experience in Vietnam
Golden Star is in HCM City, Vietnam with over 15 years of experience providing business consulting, tax, and accounting services to thousands of customers in various fields and industries, Golden Star Accounting and Consulting Company confidently supports customers in complying with Vietnamese laws on tax, accounting, business law, and other legal regulations.
b) Highly qualified and professional personnel
Personnel of Golden Star are highly qualified and professional, with a lot of experience and practical knowledge in the fields of tax, accounting, and business registration consulting.
The experts are lawyers, accountants, and professional tax consultants at Golden Star Accounting with more than 15 years of experience in the field of tax, accounting, and law consulting.
Management Team and Key Staff of Golden Star (Show detail)
c) A company licensed by the General Department of Taxation to practice tax agency services
Golden Star Accounting Company is one of the companies licensed by the General Department of Taxation to practice tax agency services, which is a tax declaration service and carrying out tax procedures for taxpayers.
Certificate of eligibility for Tax Procedure Service Business in Vietnam (Show detail)
d) Many customers have used the company dissolution service and rated it highly in Vietnam
Up to now, hundreds of businesses in many fields and industries have been using the services of Golden Star Accounting.
Customers using Golden Star's services are businesses (domestic enterprises, foreign-invested enterprises, project management boards, representative offices) or individual taxpayers.
e) Help customers save time and costs in Vietnam
Do you need a company that specializes in providing professional company dissolution services, with fast resolution times, accurate procedures, professional, dedicated, enthusiastic and reasonable prices? Company dissolution service of Golden Star will help you.
Using company dissolution service of Goden Star, you will save a lot of time and costs, and quickly resolve company dissolution procedures.
Company dissolution service of Golden Star will bring customers many benefits. Golden Star will draft and prepare all documents and forms. You just need to sign the documents drafted by Golden Star Accounting and Consulting Company.
11- COMPANY DISSOLUTION SERVICE PROCESS AT GOLDEN STAR IN VIETNAM
Step 1: Receive customer requests, quote service prices
- When customer has a need to use company dissolution service in Vietnam, customers will send requested information via email or zalo.
- After obtaining information about the customer's requirements and clearly understanding the customer's problem, Golden Star will quote the company's service price and agree on the accompanying terms.
Step 2: Sign the service agreement
- After agreeing on the work content and service fees, Golden Star will draft a service contract.
- Legal representatives of both parties will sign the contract.
Step 3: Prepare dossier
- Golden Star Accounting staff will notify customers of the documents and information that need to be provided to Golden Star.
- Based on the information provided by the customer, Golden Star staff will prepare the dossier.
- Once the dossier is drafted, it will be sent to the customer for signature.
Step 4: Submit dossier, receive results
- Golden Star staff will submit dossier and receive results as authorized.
- During the process of performing work, Golden Star staff will discuss and consult with businesses to ensure quick implementation and meet legal requirements.
Step 5: Hand over results to customers.
12- BENEFITS OF CUSTOMER WHEN USING THE COMPANY DISSOLUTION SERVICE OF GOLDEN STAR IN VIETNAM
When using the company dissolution service at Golden Star in HCM City, Vietnam, you will gain the following benefits:
- Optimize costs;
- Optimize time;
- Get advice on legal regulations before carrying out dissolution procedures;
- Prepare a decision to dissolve the company and all documents related to the dissolution;
- Prepare a detailed list of debts (including creditor information, paid/unpaid debts, tax debts, social insurance debts...);
- Enterprise representative submits documents and receives results at the Business Registration Office;
- Carry out procedures to cancel seals at the police station;
- Carry out procedures for locking tax codes and other tax obligations at tax authorities;
- Carry out procedures for announcing enterprise dissolution on the National Information Portal;
- Representing businesses to fulfill other financial obligations with state agencies;
- Handing over the final results of company dissolution
13- ANSWERING SOME COMMONLY QUESTIONS ABOUT COMPANY DISSOLUTION IN VIETNAM
Question 1: How do customers who want to use the company dissolution service of Golden Star Accounting Company start?
Answer
Please send your inquiry/request to the email address of Golden Star Accounting Company.
After receiving the request via email, we will proactively contact the customer.
Question 2: Before dissolving a company in Vietnam, do we have to dissolve branches, representative offices, business locations?
Answer
Yes.
Before dissolving the company, customers must complete the procedures for dissolving branches, representative offices, and business locations.
Question 3: Can a business with a locked tax code be dissolved in Vietnam?
Answer
No.
Before dissolution, businesses must fulfill tax obligations. Therefore, businesses must restore their tax code, declare and pay taxes in full accordance with the law. Only when tax declaration and payment obligations are fulfilled, businesses can submit a dossier to terminate the tax code for dissolution as prescribed by law.
Question 4: Can a business that still owes taxes or debt to a third party be dissolved in Vietnam?
Answer
No.
Before dissolution, the enterprise must complete its obligations to pay tax debt and third parties.
Only when the debt repayment obligation is completed the enterprise can be dissolved.
Question 5: Who is responsible for the accuracy of enterprise dissolution records in Vietnam?
Answer
According to Article 210 of the Enterprise Law 2020 of Vietnam:
2. Member of the Board of Directors of a joint stock company, member of the Board of Members of a limited liability company, company owner, private enterprise owner, Director or General Director, general partner, The legal representative of the enterprise is responsible for the truthfulness and accuracy of the enterprise dissolution dossier.
3. In case the dissolution documents are inaccurate or fake, the people specified in Clause 2 of this Article must be jointly responsible for paying unresolved employee benefits, unpaid taxes, and debts and be personally responsible before the law for the consequences arising within 05 years from the date of submitting the enterprise dissolution application to the Business Registration Authority.
Question 6: Is it possible not to carry out the dissolution procedures for a business in Vietnam?
Answer
No.
The business will not disappear on its own but will still exist if the dissolution procedures are not carried out.
In the case of mandatory dissolution, if the dissolution procedures are not completed, the business will be fined for administrative violations (if there are no signs of tax evasion) or face criminal prosecution (if there are signs of tax evasion).
Question 7: Is it possible to look up a dissolved business in Vietnam?
Answer
Có.
You can look up dissolved businesses at the Business Registration Portal. If the business is dissolved, it will display the status "dissolved".
Question 8: How are company dissolution service costs calculated in Vietnam?
Answer
Depending on each specific case, the company dissolution service fee will be different.
Golden Star will quote prices for each specific case. Please contact Golden Star for a quote.
Question 9: Should I use company dissolution service of Golden Star in Vietnam?
Answer
Should. Because of the following reasons.
a) Experience, many years of practice;
b) Have expertise and experience;
c) Help customers save time and resources;
d) Have a good relationship with tax authorities;
Question 10: Company dissolution service process at Golden Star in Vietnam?
Answer
Company dissolution services at Golden Star can be summarized as follows:
Step 1: Receive customer requests, quote service prices
Step 2: Sign the service agreement
Step 3: Prepare dossiers
Step 4: Submit dossier, receive results
Step 5: Hand over results to customers
Are you looking for company dissolution services in Vietnam?
For advice on services and company dissolution service fees
Please contact Golden Star Accounting Company as follows:
Address, email and contact information (See details)
Golden Star Accounting will meet customers' requirements in a professional, reputable and effective manner
