Procedures for setting up a joint stock company will be carried out as follows:

Step 1: Prepare necessary information and documents for the preparation of the
company establishment profile

In this step, the shareholders will need to prepare information, papers for the company
establishment such as company name, charter capital, business lines, personal papers,
documents for the establishment of a joint stock company.

Step 2: Submit the application file to establish a joint stock company on the national
information site

Currently, when establishing a company, instead of submitting paper documents to the

Business Registration Office as before, businesses will register an account and submit
online documents on the business portal.

Step 3: Examining the application and issuing the business registration certificate

After submitting documents, they will be appraised by the expert before agreeing to
issue the business registration certificate to the registered enterprise.

Step 4: Disclose business information, engrave the company seal

The enterprise will conduct procedures to disclose information about established

enterprises, engrave the company seal and announce the seal sample so that legal
stamps can be used.

Note: Beginning in 2021, the pre-use seal sample announcement is no longer applicable.
Therefore, after marking is complete, the company can always use it

Step 5: Successfully declare and pay license tax, digital signature, register and issue
electronic invoices for joint stock companies.