Vietnam: A business registration account shall be issued to an individual only

According to Article 42 of the Decree No. 01/2021/NĐ-CP of the Vietnam Government, online enterprise registration means the application for enterprise registration which is submitted by the enterprise or its founder via the National Business Registration Portal. Applicants are entitled to use digital signatures in accordance with regulations of the Law on electronic transactions or business registration accounts to apply for enterprise registration online. 

The business registration account is defined in Clause 4 Article 26 of the Law on Enterprises of Vietnam and used for authentication of an online application for enterprise registration in case the person competent to sign the application form for enterprise registration does not use a digital signature. Business registration accounts are created from the National Enterprise Registration Information System and issued to individuals to apply for enterprise registration online. Individuals shall access the National Business Registration Portal for providing information and creating business registration accounts. Personal information provided by the applicant on the National Business Registration Portal for granting a business registration account must be adequate and accurate as that in his/her legal documents and ensure the authentication of the applicant by the National Enterprise Registration Information System.

Specially, a business registration account shall be issued to an individual only. The individual issued with the business registration account shall assume legal responsibility for the accuracy and legitimacy of his/her provided information and the use of this business registration account.

Note: The Business Registration Office shall enable all entities to search information and apply for enterprise registration online.

More details at the Decree No. 01/2021/NĐ-CP of the Vietnam Government effective from January 04, 2021.

Le Vy

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