During the operation of a business, there will certainly be many changes in information. Changing this information will result in the business having to register new content with the State Agency.
Questions like What changes need to be registered? What is the registration procedure? What impact will the changes have on business operations? Here are detailed instructions.
1. Cases of changing business registration content (changing business license)
1.1. Cases where it is mandatory to register changes to business registration contents
Enterprises must register and notify the business registration agency when changing one of the following contents:
- Business name and business registration number;
- Head office address of the enterprise;
- Full name, contact address, nationality, legal document number of the individual for:
- Legal representative of limited liability companies and joint stock companies;
- General partner of a partnership;
- Business owner of private enterprise.
- Members are individuals;
- Name, enterprise code and head office address of the member organization for limited liability companies;
- Charter capital for companies, investment capital for private enterprises;
- Industry, business;
- Founding shareholders and shareholders who are foreign investors in joint stock companies, except in the case of listed companies;
- Other contents in the business registration dossier.
That means that if you change the information in the above contents, the enterprise is required to carry out the application for Change of business registration content.
1.2. Cases where it is not mandatory to submit an application for changing business registration contents
Not all information changes in an enterprise are required to submit an application to change the contents of business registration, but there are changes that are not required to submit documents such as:
- Change of shareholder information in joint stock company;
- Change of founding shareholders (Except in cases where founding shareholders have not paid or have only paid a part of the registered shares as prescribed in Clause 1, Article 112 of the Law on Enterprises).
From the above provisions, when the enterprise changes the founding shareholder because the shareholder has not paid or only paid a part of the number of shares registered to buy as prescribed in Clause 1, Article 112 of the Law on Enterprises, it will notify the The business registration agency, otherwise, the enterprise only makes internal records and keeps them at the company.
1.3. Cases where application for change of business registration content is not allowed
There are a few exceptions where even if the business's changed information satisfies the above requirements, the business is still not allowed to submit the application for changing the business registration content to the Business Registration Authority. These are the following cases:
- The Business Registration Office has issued a Notice of violation of the enterprise that results in revocation of the Business Registration Certificate or has issued a Decision to revoke the Business Registration Certificate;
- In the process of dissolution according to the enterprise's dissolution decision;
- At the request of the Court or the Enforcement Agency or the Investigation Agency, the Head, Deputy Head of the Investigation Agency, and the Investigator as prescribed in the Criminal Procedure Code;
- The business is in the legal status of “No longer operating at the registered address.
If the enterprise is in the above cases, it will not be able to register or notify changes to the enterprise registration content. It can only be re-done when:
- Has taken measures to remedy violations as required in the Notice of violation of the enterprise subject to revocation of the Certificate of Business Registration and has been accepted by the Business Registration Office;
- It is necessary to register changes to some business registration contents to serve the dissolution process and complete the dissolution dossier according to regulations. In this case, the registration dossier for changes must be accompanied by a written explanation from the business about the reason for registering the changes;
- There is written approval from organizations and individuals submitting requests as prescribed in Point c, Clause 1 of this Article regarding permission to continue registering changes to business registration contents;
- The business's legal status has been changed from "No longer operating at the registered address" to "In operation".
2. Process of changing business registration information
2.1. Procedures for changing business registration
Procedures for changing business registration will be carried out according to the following steps:
Step 1: Prepare all documents in the application for change of business registration in accordance with the law;
Step 2: Submit application for change of business registration to the business registration agency where the enterprise is headquartered;
Step 3: Get results
- In case the application is accepted as valid, the business registration office will issue a Business Registration Certificate/Certificate of Change in Business Registration Information from the Business Registration Authority with the newly changed content;
- In case the registration dossier is invalid, the Business Registration Authority will notify in writing the reason for refusal so that the enterprise can amend and supplement;
Step 4: Posting a notice of change of business registration information on the National Business Registration Portal;
Step 5: Performing other jobs after changing business registration
Depending on the content of the business registration change, the business will have to perform the following tasks such as changing the name, changing the address of the company's headquarters, which will be related to the change of the company's seal, etc.
2.2. Announcement of business registration content
– After being granted an enterprise registration certificate, an enterprise must make a public announcement on the National Business Registration Portal and pay fees as prescribed by law. The content to be announced includes the contents of the Business Registration Certificate and the following information:
- Industry, business;
- List of founding shareholders; list of shareholders who are foreign investors in joint stock companies (if any).
– In case of changing business registration contents, the corresponding changes must be publicly announced on the National Business Registration Portal.
– The time limit for publicizing information about an enterprise is 30 days from the date of being made public.
– The request for publication of enterprise registration contents and payment of enterprise registration disclosure fees shall be made at the time the enterprise submits the enterprise registration dossier.
– In case the enterprise is not granted business registration, the enterprise will be refunded the fee for announcing the business registration content. Thus, if the enterprise withdraws the application file or fails to supplement or amend the dossier at the request of the Business Registration Office within 60 days from the date the Business Registration Office issues a Notice of request for amendment and supplementation, The company will be refunded the fee.
Penalties for violations of regulations on publication:
– A fine ranging from VND 1.000.000 to VND 2.000.000 shall be imposed for failing to publish or announcing on time the prescribed contents of business registration on the National Business Registration Portal.
– Remedy: Forced to publish business registration contents on the National Business Registration Portal for violations of regulations.
3. Regulations on the deadline for registering changes to business information
– Enterprises are responsible for registering changes to the contents of the Business Registration Certificate and notifying changes to the contents of the business registration within 10 working days from the date of change
– Penalties for violating regulations on notification/registration of changes:
- A fine of VND 1.000.000 to VND 5.000.000 shall be imposed for registering changes to the contents of the Business Registration Certificate, Certificate of Registration of Branch or Representative Office Operations, or Certificate of Registration of Business Location beyond the prescribed time limit from 01 to 30 days.
- A fine of VND 5.000.000 to VND 10.000.000 shall be imposed for registering changes to the contents of the Business Registration Certificate, Certificate of Registration of Branch or Representative Office Operations, or Certificate of Registration of Business Location beyond the prescribed time limit from 31 to 90 days.
- A fine of VND 10.000.000 to VND 15.000.000 shall be imposed for registering changes to the contents of the Business Registration Certificate, Certificate of Registration of Branch or Representative Office Operations, or Certificate of Registration of Business Location beyond the prescribed deadline of 91 days or more.
- Remedial measures: Forced registration of changes to the contents of the Business Registration Certificate according to regulations.
4. Procedures for changing business information
Change business name
There are many reasons that, after being in business for a while, businesses will change their business name. This change will have to be registered with the Business Registry.
After completing the application to change the name of the enterprise, the enterprise must re-engraving its seal. Because the enterprise seal contains information about the business name, the new seal must be engraved in accordance with the Certificate of Business Registration.
An enterprise name change registration dossier includes:
– Notice of change of business registration information signed by the legal representative of the enterprise;
- And:
- Resolution, decision and copy of meeting minutes of the Board of Members for limited liability companies with two or more members, partnerships on changing the enterprise name;
- Resolution, decision and copy of minutes of the General Meeting of Shareholders for joint stock companies on changing the enterprise name;
- Resolution, decision of the company owner for a one-member limited liability company on changing the business name.
Changing industries and businesses
In the course of operation, when there is a change, addition or reduction of business lines, enterprises shall follow the following procedures:
– Notice of change of business registration information signed by the legal representative of the enterprise;
- And:
- Resolution, decision and copy of meeting minutes of the Board of Members for limited liability companies with two or more members on changing business lines;
- Resolution, decision and copy of meeting minutes of the Board of Members for a partnership company on changing business lines;
- Resolution, decision and copy of minutes of the General Meeting of Shareholders for joint stock companies on changing business lines;
- Resolution, decision of the company owner for a one-member limited liability company on changing business lines
Change the address of the company's head office in another county, district, town, city of another province or another province
Changing the address of an enterprise's business office to another district, town, city or province will entail many other problems.
The process consists of 4 steps as follows:
Step 1: When you want In this case, enterprises need to contact the tax office managing the business to carry out tax procedures with the tax office before changing the head office address.
Step 2: Only when there is a confirmation from the tax administration agency, the enterprise will proceed with the application change the contents of enterprise registration with the Business Registration Authority.
Step 3: Once the enterprise registration certificate has been received with the new head office address, the enterprise shall engrave a new seal (if the enterprise seal has information on the old head office address).
Step 4: Finally, the enterprise conducts tax registration at the tax administration agency of the new district, town, city or province.
Note:
- Must complete the submission of tax returns and outstanding taxes up to the time of moving the headquarters to another district or moving the company headquarters to another province.
- In case of moving the headquarters to another district where the enterprise is under the management of the provincial tax department, it is only necessary to change the business registration because the tax authority is not changed.
- In some cases of administrative boundary changes such as the establishment of Thu Duc City, enterprises are required to carry out procedures to change their headquarters as instructed above.
A dossier of change of the enterprise's head office address includes:
– Notice of change of business registration information signed by the legal representative of the enterprise;
- And:
- Resolution, decision of the company owner for a one-member limited liability company on changing the head office address of the enterprise;
- Resolution, decision and copy of meeting minutes of the Board of Members for limited liability companies with two or more members, partnerships on changing the head office address of the enterprise;
- Resolution, decision and copy of minutes of the General Meeting of Shareholders for joint stock companies on changing the head office address of the enterprise.
Change of legal representative of limited liability company, joint-stock company
When there is a change of the legal representative, the enterprise shall follow the following procedures:
– Notice of change of legal representative;
– A copy of the individual's legal papers for the new legal representative;
- And:
- Resolution, decision of the company owner for a one-member limited liability company on changing the legal representative;
- Resolution, decision and copy of minutes of meeting of the Board of Members for limited liability companies with two or more members on changing the legal representative;
- Resolution and copy of meeting minutes:
- Of the General Meeting of Shareholders for a joint-stock company on the change of the legal representative in case the change of the legal representative changes the content of the company's charter;
- Or of the Board of Directors for a joint-stock company in case the change of the legal representative does not change the contents of the company's charter other than the full name and signature of the legal representative. the company's law specified in Article 24 of the Enterprise Law.
Note:
The person signing the notice of change of legal representative is one of the following individuals:
- Chairman of the Board of Members or Chairman of the company for a single-member limited liability company;
- Chairman of the Board of Members for a limited liability company with two or more members. In case the Chairman of the Board of Members is the legal representative, the person signing the notice shall be the newly elected Chairman of the Board of Members;
- Chairman of the Board of Directors for joint stock companies. In case the Chairman of the Board of Directors is the legal representative, the person signing the notice is the new Chairman of the Board of Directors elected by the Board of Directors;
Supplement and update business registration information
If an enterprise falls into the following cases, it shall not proceed with the application for change of business registration but shall supplement and update its business registration information:
- In case an enterprise updates or supplements information in the business registration dossier that changes the content of the Business Registration Certificate but does not fall under the cases of registration of changes to business registration content prescribed from Article 47 to Article 55 of Decree 01/2021/ND-CP;
- In case the enterprise only updates and supplements information in the business registration dossier without changing the content of the Business Registration Certificate and does not fall under the cases of notification of changes in business registration content prescribed in Articles 56 to 60 of Decree 01/2021/ND-CP.
Change of members, shareholders of the Company through the form of transferring shares, contributed capital
– When a business has been in operation for a while, there may be many changes in members and shareholders in the company. It is possible that the business wants to add members and shareholders to the company by transferring a portion of its capital contribution and shares to new members and shareholders. Or it is also possible that members and shareholders in the company do not want to continue investing and want to transfer their capital contribution and shares to other new members and shareholders.
– When changing members and shareholders by this form of transfer, in addition to the business having to complete the Change of Business Registration Contents file with the Business Registration Authority, the business must also declare personal income tax for the transferred shares and capital contributions. This tax declaration can be done by the individual himself or by the business on his behalf with the Tax Authority managing the business.
Registration for change of charter capital, contributed capital, percentage of contributed capital
In case of registration of change of charter capital, the following procedures shall be followed:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- Resolutions and decisions of the company owner for a single-member limited liability company; resolutions, decisions and meeting minutes of the Board of Members for a limited liability company with two or more members, a partnership company, and of the General Meeting of Shareholders for a joint stock company on changing the charter capital;
In case the company registers to change its capital contribution and capital contribution ratio:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of a limited liability company with two or more members; list of members of a partnership, which does not include declarations of capital contributing members. The lists must include the signatures of members whose capital contributions have changed, and are not required to include the signatures of members whose capital contributions have not changed;
- Transfer contract or documents proving completion of transfer in case of transfer of capital contribution; Donation contract in case of donation of capital contribution;
In case the General Meeting of Shareholders approves the offering of shares to increase charter capital, and at the same time assigns the Board of Directors to carry out the procedures for registering the increase in charter capital after the end of each share sale:
- Notice of change of business registration content signed by the legal representative of the enterprise
- Resolution and copy of the minutes of the General Meeting of Shareholders on the offering of shares to increase charter capital, clearly stating the number of shares offered and assigning the Board of Directors to carry out the procedures for registering the increase in charter capital after the end of each share offering;
- Resolution, decision and copy of minutes of the meeting of the Board of Directors of the joint stock company on registration of increase in charter capital of the company after the end of each share sale.
Note: In case of reduction of charter capital:
Business must commitment to ensure full payment of debts and other property obligations after capital reduction. In case a limited liability company with two or more members reduces its charter capital as prescribed at Points a and b, Clause 3, Article 68 of the Law on Enterprises, the application for registration for reduction of charter capital must be: Attach the most recent financial statements with the time of decision to reduce charter capital.
Registration to change members of a limited liability company with two or more members
In case of accepting new members leading to increase in charter capital:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- Resolution, decision and copy of minutes of the Members' Council meeting on the admission of new members;
- Documents confirming capital contribution of new members of the company;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization.
In case of change of members due to transfer of capital contribution:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- The transfer contract or documents proving the completion of the transfer;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization.
In case of change of members due to inheritance:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- Copy of document confirming the legal inheritance rights of the heir;
- A copy of the individual's legal documents in case the heir is an individual or a copy of the organization's legal documents, a copy of the individual's legal documents for the authorized representative and a copy of the document appointing the authorized representative in case the heir is an organization.
In case of registration of change of members due to a member not fulfilling the capital contribution commitment as prescribed in Article 47 of the Law on Enterprises:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of remaining members of the company. The list of members must include the signature of the member whose capital contribution has changed, and is not required to include the signature of the member whose capital contribution has not changed;
- Resolution, decision and copy of minutes of the Board of Members meeting on changing members due to failure to fulfill capital contribution commitments.
Registration of change of members due to donation of capital contribution:
– In case the person receiving the capital contribution is subject to the provisions of Point a, Clause 6, Article 53 of the Law on Enterprises:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- Contract for donation of contributed capital;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization
– In case the person receiving the capital contribution is subject to the provisions of Point b, Clause 6, Article 53 of the Law on Enterprises:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- Resolution, decision and copy of minutes of the Members' Council meeting on the admission of new members;
- Contract for donation of contributed capital;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization.
Registering change of members in case members use capital contribution to pay debt:
– In case the company registers to change members because the member uses the capital contribution to pay debt and the payee is approved by the Board of Members to become a member of the company according to the provisions of Point a, Clause 7, Article 53 of the Law on Enterprises:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- Resolution, decision and copy of minutes of the Members' Council meeting on the admission of new members;
- The loan contract and documents showing the use of contributed capital to repay the debt;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization.
– In case the company registers to change members because a member uses the capital contribution to pay debts and the payee uses that capital contribution to offer for sale and transfer to another person according to the provisions of Point b, Clause 7, Article 53 of the Law on Enterprises:
- Notice of change of business registration information signed by the legal representative of the enterprise;
- List of members of limited liability companies with two or more members. The list of members must include the signatures of the new member and the member whose capital contribution has changed, the signature of the member whose capital contribution has not changed is not required;
- The transfer contract or documents proving the completion of the transfer;
- A copy of an individual's legal papers in case the new member is an individual or a copy of an organization's legal papers, a copy of the individual's legal papers in the case of an authorized representative, and a copy of the legal document of the individual. A copy of the appointment of an authorized representative in case the new member is an organization;
- Debt loan contract and documents showing the use of contributed capital to repay debt
Registration of change of owner of a single-member limited liability company
In case the company owner transfers the entire charter capital to an individual or an organization:
- Notice of change of owner of a single-member limited liability company signed by the owner or the legal representative of the old owner and the new owner or the legal representative of the new owner ;
- A copy of the individual's legal documents in case the transferee is an individual or a copy of the organization's legal documents, a copy of the individual's legal documents in case the authorized person and a copy of the document appointing the authorized representative in case the transferee is an organization.
- Copy of the company's amended and supplemented charter;
- Contract for transfer of capital contribution or documents proving completion of transfer of capital contribution;
In case of changing the owner of a single-member limited liability company according to the decision of the competent authority on the arrangement and innovation of state-owned enterprises:
- Notice of change of owner of a single-member limited liability company signed by the owner or the legal representative of the old owner and the new owner or the legal representative of the new owner ;
- A copy of the individual's legal documents in case the transferee is an individual or a copy of the organization's legal documents, a copy of the individual's legal documents in case the authorized person and a copy of the document appointing the authorized representative in case the transferee is an organization.
- Copy of the company's amended and supplemented charter;
- Decision of competent authority on change of company owner;
In case a single-member limited liability company changes ownership due to inheritance:
- Notice of change of owner of a single-member limited liability company signed by the new owner or the new owner's legal representative;
- Copy of the company's amended and supplemented charter;
- A copy of the individual's legal documents in case the heir is an individual or a copy of the organization's legal documents, a copy of the individual's legal documents in case the authorized person and a copy of the document appointing the authorized representative in case the heir is an organization.
- Copy of document confirming the legal inheritance rights of the heir.
In case of changing the owner of a single-member limited liability company due to donation of all capital contributions:
- Notice of change of owner of a single-member limited liability company signed by the owner or the legal representative of the old owner and the new owner or the legal representative of the new owner ;
- A copy of the individual's legal documents in case the transferee is an individual or a copy of the organization's legal documents, a copy of the individual's legal documents in case the authorized person and a copy of the document appointing the authorized representative in case the transferee is an organization.
- Copy of the company's amended and supplemented charter;
- Contract for donation of capital contribution.
Register to change the investment capital of the owner of a private business
Notify the change of investment capital to the Business Registration Office where the enterprise's head office is located.
Editing business registration information
Correct information on the Business Registration Certificate, Certificate of Change in Business Registration Content, Certificate of Registration of Branch and Representative Office Operations, Certificate of Registration of Business Location if:
- In case an enterprise discovers that the content on the Business Registration Certificate is not accurate compared to the content of the business registration dossier, the enterprise shall send a written request to correct the information to the Business Registration Office where the enterprise has its head office.
- In case the Business Registration Office discovers that the content on the Business Registration Certificate is not accurate compared to the content of the business registration dossier, the Business Registration Office shall send a notice of correction of the content on the Business Registration Certificate to the business.
- Correction of information on the Certificate of change in business registration content, Certificate of registration of branch and representative office activities, Certificate of registration of business location and information on business registration kept in the National Database on Business Registration is also carried out as prescribed above.
Correction of business registration information due to data conversion into the National Database on Business Registration when:
- In case the enterprise discovers that the content of business registration information in the National Database on Business Registration is missing or incorrect compared to the paper version due to the process of converting data into the National Database on Business Registration.
- In case the Business Registration Office discovers that the business registration information in the National Database on Business Registration is absent or incorrect compared to the paper version due to the process of converting data into the National Database on Business Registration.