Difference Between Business Registration Certificate and Business License in Vietnam

00:47, 12/07/2024

My name is Nguyen Tran Thien Ton. I am confused about whether the Business Registration Certificate and Business License are different or if they are the same. I look forward to receiving answer.

The confusion between the Certificate of Business Registration and the Business License in Vietnam is not uncommon. Most people assume these two documents are the same and that they are issued upon the establishment of a new business, but this is not the case. To distinguish between these two types of licenses, let’s refer to the table below:

Criteria	Certificate of Business Registration	Business License
Definition	A document or electronic record issued by the Business Registration Authority to a business, containing information about the business registration	A type of license issued to a business operating in a conditional industry or profession. Typically granted after the Certificate of Business Registration.
Issuance Conditions	The business line or profession registered is not prohibited from investment or business; The business name is correctly set according to the 2014 Enterprise Law; The business registration dossier is valid; Complete the payment of enterprise registration fees according to the legal regulations on fees and charges.	Meet all conditions for each conditional business line or profession as prescribed by law; These conditions could be about facilities, legal capital, professional certificates,...
Validity Period	Depends on the existence of the business or the decision of the main investor or business owner. This content is not reflected in the Certificate of Business Registration.	Stated in the Business License. This duration, whether long or short, depends on the state authority's issuance. Typically can last from several months to several years.
State Authority's Right	If all valid documents are in order, the State must issue the Certificate of Business Registration.	Even with valid documents and fulfilled conditions, the state authority may still refuse to issue in order to ensure public interest, national defense, and national security.

Thus, it is clear that these two licenses are completely different. A business may simultaneously possess a Certificate of Business Registration and a Business License when established and if its business lines are conditional professions.

The above content is regulated in detail in the 2014 Enterprise Law.

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- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
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