Where to register public companies in Vietnam?
Where to register public companies in Vietnam? What does application for public company registration in Vietnam comprise?
Hello, I am learning the legal regulations to register a public company, where can I register a public company and what does application comprise?
1. Where to register public companies in Vietnam?
Pursuant to Article 32 of the Securities Law 2019 has the following provisions:
1. A joint-stock company will become a public company in one of the following cases:
a) The company has a contributed charter capital of at least 30 billion VND and at least 10% of the voting shares are being held by at least 100 non-major shareholders;
b) The company has successfully made its IPO by registration with SSC as prescribed in Clause 1 Article 16 of this Law.
2. The joint-stock company mentioned in Point a Clause 1 of this Article shall submit the application for public company registration as prescribed in Clause 1 Article 33 of this Law to SSC within 90 days from the day on which the requirements specified in Point a Clause 1 of this Article are fully satisfied.
3. Within 15 days from the receipt of the valid application from the joint-stock company mentioned in Point a Clause 1 of this Article, or from the receipt of the report on completion of the offering prescribed in Point b Clause 1 of this Article, SSC shall confirm the registration of the public company, publish the company’s name, operations and other information on SSC’s media.
Thus, according to the above regulations, you can register a public company at the State Securities Commission if you fully meet the conditions as prescribed above in Vietnam.
2. What does application for public company registration in Vietnam comprise?
Pursuant to Article 33 of the Securities Law 2019, application for public company registration is as follows:
1. An application for public company registration consists of:
a) The application form;
b) The company’s charter;
c) The certificate of enterprise registration;
d) The information disclosure statement about the public company, including summary of the company’s organizational structure, business operations, management, shareholders, assets, financial status and other information;
dd) The latest annual financial statement audited by an independent audit organization. In case the company’s charter capital is increased after the end of the latest fiscal year, an audited financial statement of the latest period is required;
e) The list of shareholders.
2. The Minister of Finance shall promulgate the model information disclosure statement and provide for the application for public company registration after consolidation, merger or division.
Best Regards!
