tax services

Business/company type conversion service | 1,500,000 VND

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The procedures and documents for converting business types are quite complicated because they involve tax authorities. The service of converting business and company types at Online Accounting starts from only 1,500,000 VND, results are available within 3 working days, free consultation & delivery of results.

REGULATIONS ON CONVERSION OF ENTERPRISE TYPES

Depending on the development orientation, the enterprise needs to restructure the company’s organizational model. However, not all types can be converted. The forms of conversion of business types that can be implemented are as follows:

  • Converting a limited liability company into a joint stock company;
  • Converting a joint stock company into a single-member LLC;
  • Converting a joint stock company into a limited liability company with 2 or more members;
  • Converting a single-member LLC into a LLC with two or more members;
  • Converting a limited liability company with 2 or more members into a limited liability company with 1 member;
  • Convert private enterprises into LLCs, joint stock companies, partnerships.

TOTAL COST OF CONVERSION OF COMPANY, ENTERPRISE TYPE

Regardless of the type of business the business converts to, the total cost for the service of converting the type of company or business is only from  1,500,000 VND.

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TIME TO CHANGE BUSINESS TYPE, COMPANY

Within just 3 days , fdiinvietnam.com will complete all legal procedures for you.

1. Draft and prepare documents:

  • Business registration application;
  • Company charter;
  • Decision to convert business type;
  • Minutes of meeting on conversion of company type;
  • Capital contribution transfer contract (if any);
  • List of members/shareholders (if any);
  • Personal income tax declaration file submitted to tax authority (if any).

2. Present documents for customers to sign on site;

3. Submit application for company type conversion and receive results at the Department of Planning and Investment;

4. Submit personal income tax declaration to tax authorities;

5. Deliver new business registration certificate, seal (if any) and personal income tax records (if any) to customers on-site.

You just need to provide fdiinvietnam.com with 2 simple information:

– Copy of business license;

– Notarized copy of individual’s ID card/CCCD/passport.

NOTES WHEN CONVERTING BUSINESS TYPE

Carrying out procedures to convert company types will affect information such as business name, seal, salary accounting method, other related documents, etc., so businesses need to pay attention to the following issues:

  1. Make changes to information in company documents and records;
  2. Notify relevant agencies, organizations and units of changes in business type;
  3. Information such as name, address, business line… can be changed at the same time as the business type conversion procedure (except for information of the legal representative);
  4. A new seal must be engraved if the procedure for converting the type of business changes the content on the company seal;
  5. If a joint stock company changes its type due to capital transfer, the person transferring shares must pay personal income tax;
  6. The director’s salary expense cannot be included in the business expense in the case of conversion from a 2-member LLC/joint stock company to a 1-member LLC.

Some frequently asked questions when converting business types

Handling of assets when converting to private enterprise type

For private enterprises, when converting the type of enterprise, the owner of the private enterprise is still responsible for debts and other financial obligations arising before the date of conversion.

What types of companies can be converted?

According to the Law on Enterprises 2020, the forms of enterprise type conversion include:
– Converting a limited liability company into a joint stock company;
– Converting a joint stock company into a single-member limited liability company;
– Converting a joint stock company into a limited liability company with 2 or more members;
– Converting a single-member limited liability company into a limited liability company with 2 or more members;
– Converting a private enterprise into a limited liability company, joint stock company, or partnership.

What types of conversions are not allowed?

Joint stock companies and limited liability companies cannot be converted into private enterprises or partnerships.

What are the procedures for converting business types?

If you use the company type conversion service at fdiinvietnam.com, you only need to provide simple information:  a photocopy of the business license and a notarized copy of the individual’s ID card/CCCD/passport . All legal procedures fdiinvietnam.com will be completed quickly within 3 days. Contact fdiinvietnam.com now for free consultation support  0978 578 866 (North) ,  033 9962 333 (Central)  or  033 9962 333 (South) .

Which agency receives applications for business type conversion?

The Department of Planning and Investment will receive the application for changing the business registration certificate. In case of changing the type due to capital transfer, the enterprise must submit the personal income tax declaration to the tax authority.

Call us at  0978 578 866 (North) ,  033 9962 333 (Central)  or  033 9962 333 (South)  for support.

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