Enterprises are allowed to engage in business lines that are not prohibited by law. During their operation, enterprises are allowed to change and supplement their business lines to meet development needs.
This service offered by VinaSC Group will handle the consulting and procedural aspects of registering changes to the investment registration/business registration content, ensuring compliance with all relevant laws. With years of experience and a team of highly qualified professionals, Vinasc Group is confident in providing clients with the most professional, efficient, and streamlined service possible.
I. SERVICE PROVISION PROCESS AT VINASC:
Step 1: VINASC receives basic information about the change of the company’s business lines
- Includes the following information:
– Business lines to be adjusted
– Business lines to be added
– Business lines to be removed
Step 2: Prepare necessary dossier
- The two parties discuss and agree on the content of the service, then Vinasc bases on them to prepare the necessary documents to hand over to the business for authentication.
- Vinasc receives the complete authenticated dossier along with the documents that the business needs to prepare to complete the dossier.
Step 3: Submit the application to the competent authority as prescribed
- Submit application for adjustment of Enterprise Registration Certificate (ERC) to the business registration authority.
- Submit application for adjustment of Investment Registration Certificate (IRC) to the investment registration authority.
- Submit application for Business License or Certificate of Eligibility for Operation (for conditional business lines).
Step 4: Track the processing of documents
- VINASC monitors the dossier processing process step by step and reports the progress to the business as requested. In case of need to modify, supplement information, documents, Vinasc is responsible for completing it as soon as possible to limit work interruption.
Step 5: Complete the service & Deliver the results to the client
- Review all the steps of the service implementation to ensure that the service has been completed comprehensively
- Transfer to the business the specific results that Vinasc collects on behalf of the business during the service provision process.
II. SPECIFIC RESULTS
- New Investment Registration Certificate (IRC)
- New Enterprise Registration Certificate (ERC)
- Business License or Certificate of Eligibility for Operation (if applicable)
III. ESTIMATED IMPLEMENTATION TIME
- Application for Investment Registration Certificate: 25-30 working days
- Application for Enterprise Registration Certificate: 05-07 working days
- Application for Business License or Certificate of Eligibility for Operation: 45-60 working days
The estimated time is calculated from the date Vinasc receives the complete dossier as per the requirements sent to you.
In addition, depending on the needs of the customer, VinaSC often advises and assists investors in controlling relevant matters related to the above services such as tax-accounting, labor, social insurance, salary, sub-licenses… in a complete and compliant manner with Vietnamese laws that you can refer to.
IV. DETAILED INSTRUCTIONS
*Enterprises are allowed to register all business lines that are not prohibited by law. However, enterprises must fully meet the conditions for conditional business lines.
*Note on conditional business lines (if any):
- Conditions on charter capital.
- Conditions for members and shareholders contributing capital.
- Conditions on sub-licenses.
- Conditions on facilities and human resources.
- Conditions on the scope of activities of the business lines to be registered. (This is the link to the list of conditional business lines you can refer to).
*Business investment conditions are applied in the following forms:
- License
- Certificate
- Certification
- Confirmation or approval document
- Other requirements that individuals and economic organizations must meet to carry out investment and business activities without the need for written confirmation from a competent authority.
Vinasc will review the specific legal requirements involved to develop a plan for implementing the service.
*Comprehensive List of Required Documents
| No. | Required documents | Implementer | ||
| Customer
(1) |
Vinasc Group (2) | Vinasc Group handles on behalf of our client (3) | ||
| 1 | Application for adjustment of business lines of the investment project:
1. Written request for investment project adjustment; 2. Investment project proposal; 3. Project implementation progress report; 4. Power of attorney. |
X | ||
| 2 | Application for adjustment of business lines of the enterprise:
1. Notice of change of enterprise registration content; 2. Minutes of meeting (if any); 3. Decision to change the company address; 4. Power of attorney. |
X | ||
| 3 | Business License / Sub-license dossier (if any) | X | ||
(*) According to the procedure, the customer is responsible for completing the documents in column (1), and Vinasc will be responsible for completing the documents in column (2).
(*) In some cases, if the customer has difficulty preparing the documents, Vinasc can complete the documents in column (3) on their behalf. However, in this situation, we must examine each specific case and the following issues may arise:
– Additional document preparation costs (these costs will vary depending on the government agency and the legal regulations in Vietnam at each stage)
– Additional time required to prepare these documents
(*) During the preparation process, the customer should send a scanned copy of all the above documents in advance so that we can prepare the documents in a timely manner.
(*) In some special cases, the government agency may request additional information to supplement the documents.
V. RISK WARNING
Engaging in business activities in sectors/lines other than those stated in the Investment Registration Certificate is a violation of the law and will be subject to penalties as prescribed by law. Investors will be fined from 70 to 100 million VND (according to Clause 2, Article 17 of Decree 122/2021/ND-CP) and at the same time be forced to carry out procedures to adjust the Investment Registration Certificate.