Procedures foramending Certificate of Business Registration

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Procedures foramending Certificate of Business Registration

First of all, we –SBLaw Company Limited (SB Law) – would like to give you and your Company our warmest greetings.

Through the preliminary discussion with you, it is our understanding that your company(hereinafter referred to as “Client”) is in need of consulting and supporting in implementing the procedures foramending Certificate of Business Registration.

We therefore would like to send you and your Company the legal services proposal as follows:

1.         Scope of works and task schedule

1.1       Scope of work:

Our services in this regard will include:

  • To consult and answer all of Client’s enquiries regarding to the amendment of Certificate of Business Registration, including: change name of company, change the legal representative, add business line (without legal capital requirements), transfer of shares;
  • To draft the application dossier for amending the Certificate of Business Registration.
  • On behalf of Clirny to conduct all necessary legal procedures in Hanoi’s Department of Investment and Planning until receiving the Business Registration Certificate and the new Company’s seal and handover to Client.

1.2       Task Schedule:

  • The duration of time for drafting application dossier for amendment of Certificate of Business Registration: within 03 working days from the date that Clirny provides fully documents at SB Law’s requests.
  • The duration of time for receiving Business Registration Certificate: within 07 working days from the date the sufficient submission.
  • The duration of time for receiving new Company’s seal: within 04 working days from the date the sufficient submission.

In the case of evaluating time of the  dossier in the competent authorities to be prolonged more than the duration of time mentioned above, S B Law will be responsible for a reasonable effort to coordinate and push the progress of amending Business Registration Certificate .

2.         SERVICE FEE & PAYMENT

2.1.      Service Fee:

  • Fee for amending Business Registration Certificate: 5,000,000 VND/dossier (In word: Five million Vietnamese Dongs).
  • 10% VAT: 500,000 VND (In word: Five thousand Vietnamese Dongs).
  • Total service fee including Value Added Tax: 5,500,000VND (In word: Five million and five thousand Vietnamese Dongs).

The above service fee includes State fees, fees for SB Law, seal fees, excluding fee for legalizing the documents, translation fees, and other fees that are beyond the scope of services SBLaw.

2.2.      Payment

Services fee shall be paid to SB Law as follows:

–               Within 03 working days from the date of signing the legal service contract, Client will pay for SB Law an advance payment which equivalent to 60% of the total estimated services fee.

–               Client willpay the remained fee and other cost and disbursement incurred on Client’s behalf within 05 working days from obtainment first drafted of required documents from SB Law.   

–               Client shall immediately notify SB Law of when actual payment(s) will be made on the amount specified in the invoice(s). SB Law will start working only upon receipt of payment of the respective invoice(s). Alternatively, SB Law reserves the right to withdraw the service if payment is not received 10 days after the date of the invoice. Further, in the event payments are not received by the payable date, SB Law reserves the right to suspend services and/or levy and collect a late payment fee of 0.5% per month up to the date of receipt of payment by SB Law.