Transferring Truck Ownership from Individual to Company in Vietnam

“A good deal benefits both buyer and seller” – this timeless proverb holds true, especially when it comes to vehicle transactions. Recently, Tuan, a friend running a construction material business in Long Bien District, Hanoi, wanted to transfer his personally owned Hyundai HD800 truck to his company for easier management. However, he was unsure where to begin. What procedures are involved in transferring a vehicle from an individual to a company? What are the costs? This article will provide a detailed guide, helping readers easily navigate this process.

1. Why Transfer Truck Ownership from Individual to Company?

Many truck owners like Tuan choose to transfer ownership from personal to company names due to practical benefits:

• Simplified Management: Company ownership facilitates easier management, tracking, maintenance, and repairs.
• Asset Depreciation: Trucks are fixed assets; company ownership allows for asset depreciation benefits according to regulations.
• Enhanced Business Credibility: Owning trucks bearing the company’s brand enhances professional image, credibility, and builds trust with partners.

2. Procedures for Transferring Truck Ownership

2.1. Required Documents

Prepare two sets of documents for the seller (individual) and the buyer (company):

Seller (Individual):

• Citizen Identity Card/National ID Card/Passport of the vehicle owner.
• Original Truck Registration Certificate.
• Household Registration Book/Temporary Residence Certificate (if applicable).

Buyer (Company):

• Company’s Business Registration Certificate.
• Company’s Seal Specimen Certificate.
• Company’s Vehicle Purchase Decision.
• Citizen Identity Card/National ID Card of the company’s legal representative.

2.2. Process

The process of transferring vehicle ownership is quite simple; follow these steps:

• Step 1: Both parties (individual and company) visit the traffic police office where the truck was registered to carry out the sale and transfer procedures.
• Step 2: Submit all required documents.
• Step 3: Pay the registration fee (2% of the vehicle’s value) at the tax department.
• Step 4: Receive an appointment slip and collect the new registration certificate on the scheduled date.

Note: Carefully review all information on the documents before signing to avoid errors.

Transferring truck ownership from individual to company

3. Fee Schedule for Ownership Transfer (Reference)

Note: This table is for reference only; fees may vary depending on location and time.

4. Frequently Asked Questions about Truck Ownership Transfer

Question 1: Can I handle the transfer procedures myself?

Answer: You can absolutely handle the procedures yourself. However, for a faster and more accurate process, consider seeking assistance from professional vehicle transfer services.

Question 2: How long does the transfer process take?

Answer: Typically, processing documents and completing the transfer takes about 1-2 weeks.

Question 3: I want to transfer my Thaco Trường Hải truck to a company in Nam Tu Liem District, Hanoi. Where should I go for the procedures?

Answer: You can visit the Hanoi Traffic Police Department (282 Nguyen Xien, Thanh Xuan, Hanoi) or the Nam Tu Liem District Traffic Police Department (167 Ho Tung Mau, Cau Dien, Nam Tu Liem, Hanoi).

5. Benefits of Buying Trucks at XE TẢI HÀ NỘI

XE TẢI HÀ NỘI is a leading provider of high-quality and reputable trucks in Hanoi. We offer:

• A wide range of trucks from renowned brands like Hyundai, Hino, Isuzu, etc.
• Competitive prices and attractive promotions.
• Financing support up to 70%, with simple procedures and quick disbursement.
• Professional and dedicated after-sales service, warranty, and maintenance.

Buying a truck in Hanoi

Contact XE TẢI HÀ NỘI for consultation and to find your ideal truck!

Conclusion

We hope this article provided valuable information about procedures, costs, and important considerations when transferring truck ownership from an individual to a company. If you need to buy a new or used truck, contact XE TẢI HÀ NỘI for the best advice and support.