Administrative procedures will no longer confuse you at public administrative agencies. Along with the development of information technology, people can carry out a number of procedures entirely online and have the same legal validity as going directly to a competent authority. As a result, people can save time, effort, and travel to perform the procedures effectively. So, in this article LSX legal firm introduces: “Procedures to suspend business online in Vietnam”
Legal grounds
- Law on Enterprise 2020
- Decree 47/2021/ND-CP
Procedures to suspend business online
Currently, almost all public administrative agencies have gradually implemented the one-stop mode. Partly due to the impact of the Covid pandemic from the end of 2019 until now. And on the other hand, due to the development of information technology.
Some administrative procedures are carried out 100% online such as the local one-stop public administration system. Just a phone, computer, and internet connection; then you can do some quick online procedures. The same goes for business suspension procedures. You can apply for a business suspension online. To better understand the procedure to suspend business online; Please read through the instructions below.
Instructions to register business suspension online
When carrying out procedures to suspend business online, you must complete the following 04 steps:
Step 1. Register an account at the National Business Registration Portal.
Firstly, you need to access the website link of the national portal on business registration. Then, fully comply with the requirements of the website for registration procedures to suspend online business registration.
Step2. Enter complete profile information into the business registration system.
The information you enter must be reliable and honest. On the other hand, you must bear all responsibility if you give false information.
Step 3. Scan and attach the dossier file to the system.
Instead of going to a competent authority to submit a paper application; if you register online, you must scan all documents in the file that as required.
Step 4. Confirm and submit the application.
Confirm the application by the competent authority after receiving your application.
Lastly, step 5. Receive result.
After receiving the application for registration of business suspension, the Business Registration Office shall hand over the receipt, check the validity of the application, and issue a certificate of the enterprise’s business suspension registration within 3 working days from the date of receipt of valid dossiers.
The applicant needs to download the minutes of receipt of the business suspension; check the processing status of the business suspension notice; and check the business status on the national portal on business registration
Submit application for business suspension online in details
Step 1: Prepare dossiers.
Documents you are about to register for business suspension include:
- Notice of business suspension of the enterprise, branch, representative office, or business location (according to the form prescribed by law). Note that this is the original and the quantity is 01 copy.
- Decision and copy of meeting minutes of the Board of Members for limited liability companies with two or more members and partnerships. Decision and copy of meeting minutes of the Board of Directors for joint-stock companies. The decision of the company owner for a single-member limited liability company on business suspension.
- Power of attorney in case of authorized individuals to carry out online business suspension registration procedures. The power of attorney must be signed by a competent authority.
Step 2: Enter complete profile information into the business registration system.
In the submission method section, click “Submit an application for business registration account”.
Next, in the “Select type of online registration” section, click “Register for changes in business registration contents/subsidiaries”
Then, enter the business code. At this time, the screen will display information about the information that owners need to register.
Note: fill in the full business code, and internal code in the system
- Select the registration type of the business as “Suspended from operation”.
- Declare the dossiers in the business suspension application.
- Then, confirm the registration information.
At this point, the data block on business suspension appears. Please select the start time, end time, and reason for suspending the business.
Also, fill in all information in the Contacts section, Notice of business suspension, Decision of the General Meeting of Shareholders, and Minutes of the meeting.
- Finally, choose a digital signature or authentication method. Then click on the confirmation.
Step 3: Scan the profile
You need to present the original text listed above as an electronic document that has the same value as the paper document.
An electronic document is a document in the form of a data message created or digitized from a paper document and accurately and completely represents the content of a paper document. Electronic documents can be in “.doc” or “.docx” or “.pdf’ format.
The name of the electronic document must correspond to the name of the document in the paper file.
Persons authorized to sign documents in the dossier can use digital signatures to sign directly on electronic documents or sign directly on paper documents and scan (scan) paper documents in the above formats.
Step 4. Confirm and submit the application.
Lastly, confirmation of the application by the competent authority after receiving your application. And within a certain period of time, you will receive a notification of accepting or not accepting the suspension of the business you requested.
Business suspension service of LSX Legal Firm
Business suspension-a necessary solution for businesses when they cannot continue doing business for a specified period of time. Suspending business quickly will help businesses avoid unnecessary costs. Meanwhile, the business suspension process contains complicated procedures so if businesses do it themselves, they will face many risks. Using the business suspension service of LSX will make you feel secure in each stage of implementation.
To make your case more convenient, LSX will perform:
- Legal advice related to new regulations in business suspension;
- Representing in drafting and editing documents;
- We commit the papers to be valid, and legal for use in all cases;
- Represent to submit documents, receive results, and hand them over to customers.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Furthermore, using our service, you do not need to do the paperwork yourself, We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.
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Related questions
In case the subjects are not enterprises: Taxpayers are entitled to suspend their operations of the business for no more than 1 year for 1 registration. In case the taxpayer is an organization, the total period of suspension of business shall not exceed 2 years for 2 consecutive registrations.
Firstly, suspension of business for the whole calendar year/financial year:
In case the enterprise registers to suspend its operation from January 1 to December 31 in the same year; then the businesses are exempt from paying tax. Therefore, businesses do not have to submit tax declarations. That is, there is no need to submit financial statements.
Secondly, suspension of business for less than a calendar year/financial year:
In case the time of business suspension of the enterprise is after January 1 and before December 31, the annual tax finalization dossier must be submitted. That means tax returns, including financial statements, is required.
If an enterprise is locked out of its tax code, it must open its tax code before it can submit a business suspension application.
Contact LSX
Finally, hope this article is useful for you to answer the question about “Procedures to suspend business online in Vietnam?”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
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