Ask:
Mr. Nguyen Van Can – Chairman of the Board of Directors of Sao Vang Group Joint Stock Company asked: Currently, the establishment of a real estate company requires a bank’s confirmation of legal capital or not. are not? If yes, what is the procedure?
Advice from a lawyer:
According to current regulations, when establishing an enterprise with real estate business registration, the business registration agency does not require proof of legal capital, so there is no need to carry out procedures for capital confirmation of the bank. row. Currently, not only for this industry but all other industries, businesses can register when they are established without being required by law to prove the conditions when registering for business establishment. However, once the enterprise has been established, in case of participating in real estate business for a specific real estate business project, the enterprise needs to prove that it has legal capital in accordance with the law. ; If you do not meet the requirements and still carry out your business, you will be severely fined.
Additional comments:
The above regulation is a strong improvement of the 2014 Enterprise Law and current regulations. The removal of procedures and conditions when establishing a business has been motivating many entrepreneurs to set up businesses to do business. Serving more than 200 corporate clients over the past 5 years, Law Office Tran Duc Hung and Associates understand that reducing administrative procedures for businesses is an extremely important step today. However, the above regulations are not accessible and understood by all businesses. Therefore, this week we bring up this issue also to let more businesses and people access this new regulation.
