Are you looking to start a water-based paint company and own your own paint brand to build a long-term business, but aren’t sure what it takes to open a paint company? What are the procedures and required documents for business registration? Which provider should you choose for reliable paint manufacturing with high-quality, premium products at competitive prices? In this article, we will provide detailed answers to all these questions!
IMPORTANT THINGS TO NOTE WHEN STARTING A PAINT COMPANY
When establishing a paint company, you need to consider the following:
- How much charter capital will your company declare, and whether it fits the company’s nature and conditions.
- The minimum capital required to start a business.
- The type of business entity you want to use—limited liability, partnership, private, or joint-stock company.
- The main business lines and their corresponding industry codes.
- The brand name you will assign to your paint company. Note that the name must be unique and not identical to any other company.
- The official address of your company and office location.
DOCUMENTS AND PROCEDURES FOR ESTABLISHING A PAINT COMPANY
To register your paint business, you need to prepare the following documents:
- Application for business registration to establish a paint company.
- A copy of the ID card or citizen identification of the company representative or contributing members, issued within the last three months.
- A copy of the business license of the founding organization (if applicable).
- Draft company charter.
- List of shareholders or contributing members.
- Power of attorney if the business owner cannot submit the documents personally.
Submit the registration documents to the Department of Planning and Investment (DPI). If the documents are valid, the business will be granted a business license within 3–5 working days.
WHAT TO DO AFTER ESTABLISHING A PAINT COMPANY
To avoid fines and ensure smooth operations, after completing the establishment procedures, your company should:
- Declare and pay taxes: File tax declarations accurately and on time. Pay applicable taxes such as:
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- Value-added tax (VAT), paid quarterly.
- Corporate income tax, based on annual profits.
- License tax, paid within 30 days after company establishment. The tax rate depends on declared charter capital.
- Publish business registration information: Submit public notice of your company’s registration information on the national portal within 30 days of receiving the business license. Failing to do so may result in fines ranging from 1–2 million VND depending on the violation.
- Create a company seal: Ensure the seal clearly displays the company name and registration number.
- Register a corporate bank account: Open a bank account with your company seal, business license, and ID. Then, report the account number to the DPI.
- Issue invoices and display company signage: Issue VAT invoices or purchase them from the tax authority. Prepare and display company signage with all required information for proper management.
- Contribute capital on time: Shareholders must contribute their pledged capital in full and in the agreed form within 90 days from the issuance of the business registration certificate.
- Hire an accountant or use accounting services: Employ an accountant to handle books, taxes, and filings, or use a full-service accounting firm such as Nam Viet Law for cost efficiency.
- Purchase a digital signature for online tax filing: Register for a digital signature to file taxes online. Activate tax payment functions for the company bank account, and have the accountant use the digital signature to submit taxes.
WHICH PAINT MANUFACTURING SERVICE PROVIDER SHOULD YOU CHOOSE?
There are many paint manufacturing and OEM service providers in the market, but finding the right partner is not easy. Product quality is always the top priority, as it determines the long-term success and stability of any business.
With many years of experience in producing and processing high-quality, competitively priced water-based paints, ASA Group Joint Stock Company is recognized as one of the most reputable and professional paint manufacturing service providers in Vietnam. With a team of experts specializing in premium paint production, ASA is a trustworthy choice for all partners.
WHY CHOOSE ASA GROUP AS YOUR PARTNER?
- Experience: Over 10 years in manufacturing, especially in water-based paints.
- Reputation: ASA is a leading paint manufacturing and OEM provider, supplying nearly 20 paint brands and processing for about 40 brands on the market.
- Quality Commitment: ASA guarantees 100% product quality with full warranty.
- Premium Materials: Using high-quality raw materials imported from Europe, ASA products are trusted by customers.
- Modern Production Technology: State-of-the-art German production lines with large-scale capacity to meet partner demands quickly.
- Business Support: ASA shares sales skills and conducts training sessions to ensure effective business development.
- Policies: Attractive incentive policies ensure ASA is a reliable choice.
- Competitive Pricing: Premium paint products with excellent quality at highly competitive prices compared to other leading brands like Dulux, Jotun, and Mykolor.
Starting a paint company becomes simple when you consult and register for ASA’s paint manufacturing and OEM services. For more information, please contact us below for the best consultation:
ASA GROUP JOINT STOCK COMPANY
A long-standing enterprise in manufacturing services, we are eager to bring global advanced business and production knowledge, proven by practical results, to the Vietnamese business community.
- Hotline: 036.8866.999
- Email: asagroup2014td@gmail.com
PARTNERING WITH ASA IS THE SHORTEST PATH TO SUCCESS