New Decree on Business Registration

24/02/2021 Newest Editor

On January 04th, 2021, the Government issued Decree No. 01/2021/ND-CP on Business Registration to replace Decree No. 78/2015/ND-CP on the basis of the Law on Enterprise 2020. Whereby, this Decree contains some regulations as follows:

  1. The enterprises shall pay the business registration fees and the business declaration fees at the time of the business registration dossier

The business registration fees will not be refunded if the enterprises fail to obtain the business registration issuance;

If the enterprises fail to obtain the business registration issuance, the business content declaration fees shall be refunded.

  1. Specifying the legal status of the enterprises on the National Business Registration Database:

The legal status of the enterprises on the National Business Registration Database includes:

  • Temporary business suspension;
  • No longer operating at the registered headquarter address;
  • Revocation of certificate of business household registration due to the enforcement measure of tax administration;
  • Undergoing dissolution, division, consolidation, acquisition procedure;
  • Undergoing bankruptcy procedure;
  • Dissolved, bankrupted, ceased to exist;
  • Active
  1. Supplementing new cases that are allowed to register, notify on changing business registration contents

Supplementing new case that enterprise undergoing the legal status of “No longer operating at the registered headquarter address” shall not be allowed to register, notify on changing business registration contents.

Moreover, this Decree also regulates business registration, notify on changing business registration contents and the method, order in engaging business registration via the online portal.

This Decree shall take effect from January 4th, 2021.