Specific order and procedures for business registration

PROCEDURES FOR BUSINESS REGISTRATION

Business registration procedures.

OUTLINES

Business registration via electronic information network.

Business registration account.

Pursuant to Article 26 of the Enterprise Law 2020 stipulating the order and procedures for enterprise registration, the enterprise founder or authorized person shall register the enterprise with the business registration authority by one of the following methods:

Register your business directly at the Business Registration Office;
Business registration via postal service;
Business registration via electronic information network.

Enterprise registration via electronic information network means that the founder of an enterprise submits an application for enterprise registration via the electronic information network at the National Enterprise Registration Portal. An enterprise registration dossier via an electronic information network includes data as prescribed by this Law and is presented in an electronic document. An enterprise registration dossier via electronic information network has the same legal value as a paper-based enterprise registration dossier.
Organizations and individuals have the right to choose to use digital signatures in accordance with the law on electronic transactions or use business registration accounts to register businesses via electronic information networks.
Business registration account is an account created by the National Information System on Business Registration, granted to individuals to carry out business registration via electronic information network. Individuals who are granted a business registration account are responsible before the law for the registration to be granted and the use of the business registration account for business registration via the electronic information network.
Within 03 working days since the date of receipt of the application, the business registration agency shall consider the validity of the application for enterprise registration and grant the enterprise registration; in case the application is not valid, the business registration agency must notify in writing the contents to be amended or supplemented to the enterprise founder. In case of refusal to register an enterprise, it must notify in writing the enterprise founder and clearly state the reasons therefor.