Vietnam: The Ministry of Planning and Investment issues new regulations on business registration

ADK Lawyers

1st May 2023

On April 18, 2023, The Ministry of Planning and Investment issued Circular No. 02/2023/TT-BKHDT on amendment to circular no. 01/2021/TT-BKHDT dated march 16, 2021 of the minister of planning and investment guiding enterprise registration.

On April 18, 2023, The Ministry of Planning and Investment issued Circular No. 02/2023/TT-BKHDT on amendment to circular no. 01/2021/TT-BKHDT dated march 16, 2021 of the minister of planning and investment guiding enterprise registration (hereinafter referred to as "Circular No.02/2023/TT-BKHDT").

Accordingly, Circular No. 02/2023/TT-BKHDT stipulates the procedures and documents for business household registration as follows:

(i) Online registration procedure: Household business registration via website means the case where persons applying for establishment of household business or household businesses register for household business in accordance with Decree No. 01/2021/ND-CP on household business registration system affiliated to the National Enterprise Registration System on the National Business Registration Portal;

(ii) Legal validity: Circular No. 02/2023/TT-BKHDT stipulates that Documents on household business registration via website include documents specified under Decree No. 01/2021/ND-CP and are presented in electronic document format. Documents on household business registration via website shall have the same legitimacy as the physical documents on household business registration. Moreover, Electronic documents mean documents in form of data messages created or digitalized from physical documents and accurately, adequately conveying contents of the physical documents. Electronic documents can have “.doc”, “.docx”, or “.pdf” format

(iii) Payment method: Persons filing household business registration shall pay registration fee at the time of filing the registration. Household business registration fee can be paid directly at department that receives household business registration document in districts or transferred to accounts of business registration authority of district or via online payment service on National public service portal. Household business registration fee shall not be refunded if household business registration is rejected.

Circular No. 02/2023/TT-BKHDT takes effect from July 01, 2023.

Please Login or Register for Free now to view all updates and articles

Login Sign Up

In addition to free-to-view updates and articles, you can also subscribe to the full Legal Centrix Vietnam Service including access to:

Overview notes on the law
Thousands of high quality translations of legislation covering all key business areas
Legal and tax updates
Articles on important legal and tax issues
Weekly email alerts
Sophisticated web platform and search

Legal Centrix is trusted by top law and accounting firms.

ADK Lawyers

Vietnam
https://adk-lawyers.com/

ADK & Co Vietnam Lawyers is a client-centric motto and brings “Client’s Satisfied and Success”. We will not merely be a law firm but act as a companion with clients.

ADK & Co Vietnam Lawyers is operated by legal experts who extensive experience in many fields and talented and enthusiastic colleagues. We want to use our extensive legal knowledge, multi-dimensional perspective, and positive attitude to provide the most complete and complete legal service. We build various diverse with a practical range of legal services in many areas. In that, based on risk assessment and plan orientation, we offer efficient legal solutions to eliminate or minimize legal risks in business activities and the daily life of clients."

Click here to view the author's profile