When shall notification of addition/change of business lines in Vietnam be made?

When shall notification of addition/change of business lines in Vietnam be made?

Pursuant to Article 56 of the Decree 01/2021/ND-CP stipulating notification of addition/change of business lines in Vietnam as follows: 

1. In case of addition/change of business lines, the enterprise shall send a notification to the Business Registration Office of province where it is headquartered. The application for enterprise registration shall include the following documents:

a) A notification of changes to enterprise registration information which is signed by the enterprise’s legal representative;

b) The resolution or decision and the copy of the minutes of meeting of the Board of Members of the multi-member limited liability company or partnership, or of the General Meeting of Shareholders of the joint-stock company, or the resolution or decision of the owner of the single-member limited liability company on change of business lines. <0}

2. After receiving the application, the Business Registration Office shall give the confirmation slip to the enterprise, examine the validity of documents and market access conditions applied to foreign investors in accordance with regulations of the Law on investment, and update information about the enterprise’s business lines on the National Enterprise Registration Database. The Business Registration Office shall issue a certificate of changes to enterprise registration information to the enterprise at its request.

When shall notification of changes in information about founding shareholders of unlisted joint-stock companies in Vietnam be made?

Pursuant to Article 57 of the Decree 01/2021/ND-CP stipulating notification of changes in information about founding shareholders of unlisted joint-stock companies in Vietnam as follows: 

1. A founding shareholder defined in Clause 4 Article 4 of the Law on enterprises is a shareholder that holds at least an ordinary share and has his/her signature in the list of founding shareholders submitted to the Business Registration Office at the time of application for enterprise registration.

2. Notification of changes in information about founding shareholders to the Business Registration Office shall be carried out only when the founding shareholder does not yet make payment or makes partial payment for subscribed shares according to Article 113 of the Law on enterprises. The enterprise shall make notification of change in information of founding shareholders within 30 days from the deadline for payment for subscribed shares.

3. In case of change in information about founding shareholders as prescribed in Clause 2 of this Article, the company shall send an application for changes to enterprise registration information shall include the following documents:

a) A notification of changes to enterprise registration information which is signed by the enterprise’s legal representative;

b) The list of founding shareholders of the joint-stock company, which does not include information about founding shareholders that do not yet pay for their subscribed shares.

4. When receiving the application, the Business Registration Office shall give a confirmation slip, examine the validity of documents, and update information about founding shareholders on the National Enterprise Registration Database. The Business Registration Office shall issue a certificate of changes to enterprise registration information to the enterprise at its request.

When shall notification of changes in tax registration information in Vietnam be made?

Pursuant to Article 59 of the Decree 01/2021/ND-CP stipulating notification of changes in tax registration information in Vietnam as follows: 

1. Every enterprise that makes changes to its tax registration information without changing business registration information, except change of tax accounting method, shall send a notification of changes to enterprise registration information which is signed by its legal representative to the Business Registration Office of the province where it is headquartered.

2. After receiving the notification, the Business Registration Office shall give the confirmation slip to the enterprise, examine the validity of documents, enter date into the National Enterprise Registration Information System and transmit information to the tax registration information system. The Business Registration Office shall issue a certificate of changes to enterprise registration information to the enterprise at its request.

Best regards!