Business licence renewal in Vietnam
Renewing a business license in Vietnam generally involves submitting an application and required documents to the relevant licensing authority, often the Department of Planning and Investment (DPI) at the provincial or city level. The process typically ensures continued compliance with business regulations.
It is advisable for businesses to initiate the renewal process well in advance of their license's expiration date, typically several months prior. This allows sufficient time to gather all necessary documents, address any potential issues or requests for additional information from the authorities, and accommodate for processing times which can vary.
Start 60 days ahead
This lead time accounts for preparing all required documents, potential administrative review periods, and any unforeseen delays in the application process. The exact processing time by the authorities can vary.
The process
- 1Review the existing business license to confirm the expiration date and any specific renewal requirements or conditions.
- 2Gather all necessary documents, which typically include the original business registration certificate, updated company information, and other supporting papers.
- 3Complete the application form for business license renewal, available from the licensing authority or its official website.
- 4Submit the application package, along with the required fee, to the relevant Department of Planning and Investment (DPI) in the province or city where the business is registered.
- 5Respond promptly to any requests for additional information or clarification from the licensing authority during the review process.
- 6Collect the renewed business license once the application has been approved and processed.
What to bring
- Original business registration certificate or business license
- Application form for business license renewal
- Copies of identification documents for legal representative(s)
- Audited financial statements for recent periods (if applicable and required by specific business type)
- Proof of business location (e.g., lease agreement, certificate of land use rights)
- Other documents as required by the specific business sector or type of license being renewed (e.g., sub-licenses, permits related to specific conditions)
Who handles it
Bộ Kế hoạch và Đầu tư (Ministry of Planning and Investment) at the national level, and Sở Kế hoạch và Đầu tư (Department of Planning and Investment) at the provincial/city level.
Fees for renewing a business license in Vietnam are typically nominal administrative charges. The specific amount can vary depending on the type of business, the province/city, and the nature of the renewal. Applicants should confirm the exact fee with the local Department of Planning and Investment at the time of application.
What commonly goes wrong
- Failure to renew on time can lead to penalties or suspension of business operations.
- Ensuring all corporate information, such as legal representative details, registered address, and business lines, is up-to-date and consistent across all documents.
- Specific business sectors may have additional permits or sub-licenses that also require renewal or re-evaluation.
- Requirements can vary slightly between provinces/cities within Vietnam; it is important to consult the regulations of the specific local Department of Planning and Investment.
Sources
- Law on Enterprises No. 59/2020/QH14 thuvienphapluat.vn
- Decree No. 01/2021/ND-CP on enterprise registration thuvienphapluat.vn
Other documents in Vietnam
Business licence renewal in other countries
Often renewed together
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