Is it mandatory to specify the business sectors in the Business Registration Application?
Pursuant to Clause 4, Article 23 of the Enterprise Law 2020 stipulating the Enterprise Registration Application Form shall include the following principal contents:
- ...
- Business lines;
- Charter capital; investment capital of the private business owner.
Thus, according to the above provisions, when registering to establish a private enterprise, it is necessary to state the business lines of the private business owner. This facilitates procedures and future tax management.
Sincerely!
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