Vietnam: Heavy fine for conducting business activities on locations inconsistent with Certificate of Business registration

14:25, 21/11/2015

Recently, the Government of Vietnam has issued Decree No. 124/2015/NĐ-CP providing amendments and supplements to a number of articles of Decree No. 185/2013/NĐ-CP dated November 15, 2013 regulating penalties for administrative violations in commercial activities, production and trading in counterfeit and banned goods, and protection of consumer rights.

According to Clause 7 Article 1 of Decree No. 124/2015/NĐ-CP of Vietnam’s Government amending Article 6 of Decree No. 185/2013/NĐ-CP, a fine from VND 1,000,000 - 2,000,000 with respect to business activities conducted on locations or head offices inconsistent with Certificate of Business registration.

kinh doanh khác địa điểm trong GCN đăng ký kinh doanh, Nghị định 124/2015/NĐ-CP

Moreover, Decree No. 124/2015/NĐ-CP also stipulates fines for acts of violation in business activities according to business registration certificates as follows:

- A fine from VND 2,000,000 - 3,000,000 with respect to business activities in the form of business households without Certificate of business household registration as prescribed.

- A fine from VND 3,000,000 - 5,000,000 with respect to business activities in the form of enterprises without Certificate of Enterprise registration as prescribed.

- A fine from VND 5,000,000 - 10,000,000 with respect to acts of continuing business activities which are currently being suspended by competent state management agencies or with Certificate of Business registration being revoked.

Notably, a fine twice the level for violations as prescribed above shall be applied with respect to conditional business lines and trades.

View full text at Decree No. 124/2015/NĐ-CP of Vietnam’s Government, effective from January 05, 2016.

Thu Ba

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