Vietnam: When does an enterprise register under contingency procedures?

According to Article 13 of the Decree No. 01/2021/NĐ-CP of the Government of Vietnam, granting enterprise registration under contingency procedures means granting enterprise registration without using the National Enterprise Registration Information System. Granting enterprise registration under contingency procedures shall be employed upon the occurrence of any of the following events:

- The National Enterprise Registration Information System is in construction or upgradation progress;

- The National Enterprise Registration Information System encounters technical problems;

- War, rebellion, disaster or another force majeure event occurs.

Depending on the expected time of recovery of the National Enterprise Registration Information System, except for force majeure events, the Ministry of Planning and Investment of Vietnam shall give a prior notice to business registration authorities to grant enterprise registration under contingency procedures.

Especially, cooperation between business registration authorities and tax authorities in enterprise registration under contingency procedures shall comply with procedures for paper document transfer.

Note: Within 15 working days from the end of contingency procedures for enterprise registration, business registration authorities must update new enterprise registration data on the National Enterprise Registration Database.

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

Le Vy

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