Business licence renewal in Vietnam
Renewing a business license in Vietnam generally involves preparing an application dossier and submitting it to the relevant local Department of Planning and Investment (DPI) or equivalent authority. The process focuses on ensuring continued compliance with business registration regulations.
Most businesses typically begin the renewal process several months before their license's expiration date. This allows ample time to gather necessary documents, address any potential issues or changes in business operations, and account for processing times by the authorities, which can vary.
Start 60 days ahead
This timeframe allows for thorough preparation of the application dossier, potential adjustments, and the standard processing period by the authorities, which is often around 5-10 working days once a complete dossier is received. Additional time is prudent for any unexpected delays or requests for supplementary information.
The process
- 1Review the current business license and relevant regulations to identify any specific requirements or changes for renewal.
- 2Prepare the complete application dossier, including all required forms and supporting documents.
- 3Submit the application dossier to the provincial/city Department of Planning and Investment (DPI) or other designated business registration authority.
- 4Pay any applicable fees.
- 5Receive and address any requests for amendments or additional information from the reviewing authority.
- 6Collect the renewed business license once the application is approved.
What to bring
- Application form for renewal of business registration (as per official mẫu/template).
- Original business registration certificate/business license.
- Certified copies of the identity documents (ID card/passport) of the legal representative and/or owners/members/shareholders.
- Minutes of meeting and decision of the owners/members/shareholders regarding the renewal (for companies with multiple owners).
- Updated list of members/shareholders (if any changes).
- Evidence of business address (e.g., lease agreement, certificate of land use rights), if there are changes or specific requirements.
- Audited financial statements (for certain business types or if required by specific regulations).
- Other documents as required by specific business types or local regulations.
Who handles it
Sở Kế hoạch và Đầu tư (Department of Planning and Investment - DPI) or other authorized business registration agencies at the provincial or city level, depending on the business type and location.
Fees for business license renewal are generally prescribed by the Ministry of Finance or local provincial People's Committees. Applicants should confirm the current specific fee amounts with the relevant Department of Planning and Investment or the official fee schedule at the time of application. These fees are usually administrative processing fees.
What commonly goes wrong
- Ensure all submitted documents are up-to-date and accurately reflect the current business information and legal status.
- Check for any changes in regulations regarding business types or industry-specific licenses that might affect the renewal process.
- Confirm the exact required forms and templates, as these can be updated by the authorities.
- Be aware that processing times can vary depending on the completeness of the dossier and the workload of the reviewing agency.
Sources
No source page could be confirmed for this one, so treat every specific above as something to check with Sở Kế hoạch và Đầu tư (Department of Planning and Investment - DPI) or other authorized business registration agencies at the provincial or city level, depending on the business type and location..
Other documents in Vietnam
Business licence renewal in other countries
Often renewed together
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