Guidance on online business dissolution in Vietnam

Due to the impact of the Covid-19 Pandemic, many businesses faced difficulties in their business operations. In these situations, business dissolution is among the most optimal measures. However, carrying out the complicated procedures for the dissolution of the enterprise will take a lot of time. Therefore, many companies choose to dissolve their businesses online for convenience. LSX legal firm provides this article to give our clients instructive information on “Guidance on online business dissolution in Vietnam”.

Legal grounds

• Law on enterprise 2020
• Decree 01/2021/ND-CP

Guidance on online business dissolution in Vietnam

Enterprise dissolution means that an enterprise is no longer able to operate and submits a dissolution dossier to the Business Registration Office to terminate the existence of the enterprise.

When deciding to dissolve, an enterprise can choose from the following methods:

• Firstly: Apply for the dissolution of the enterprise directly at the business registration office of the province/city where the enterprise’s head office is located.
• Secondly: Submit the enterprise dissolution dossiers through the National Business Registration Portal.

However, traveling to apply in person takes a lot of time. Therefore, most businesses choose to register for their dissolution online because it is faster and more convenient.

Instruction to apply for business dissolution online

Step 1: Compose 01 business settlement dossier and prepare valid documents according to the provisions of law.
Step 2: Submit your application online at: https://dangkytinhdoanh.gov.vn. The enterprise’s legal representative must transfer the enterprise settlement dossier to the business registration office within 05 working days from the time the enterprise settles all debts of the enterprise.
Step 3: Lastly, receive result.
Within 05 working days from the date of receipt of a valid dossier of explanation of the enterprise, the business registration authority shall update the enterprise management status on the enterprise registration database;

Instruction to submit business dissolution dossiers online

Step 1: Create a business registration account

To apply for a business settlement, you need an account on the website: https://dangkykinhdoanh.gov.vn.

Register for an account with the following steps:

• Declare personal information
• Prepare a scanned copy of your identification papers.
• Send request for registration.
• Lastly, receive confirmation email.

After having an account, you can proceed to apply for business dissolution. Besides, the preparation of an authentication signing tool is a necessity:

• If the application is submitted with the business registration account, the person who signs for authentication needs to be granted a business registration account;
• If applying by a Public Digital Signature, the person who signed the dossiers must have a Public Digital Signature attached to the Account.

Step 2: log in

Visit the website of the National Information Portal on business registration, address: https://dangkykinhdoanh.gov.vn.

Click on “Public services” > “Online business registration > Log in to your account.

Step 3: Enter your information and attach the scanned file

According to Article 210 of Law on enterprise 2020, An application for dissolution of an enterprise shall consist of:

• The notification of the enterprise’s dissolution;
• The report on liquidation of the enterprise’s assets; list of creditors and paid debts, including tax debts, social insurance, health insurance, unemployment insurance of employees after the dissolution decision is issued (if any).
• Additionally, power of attorney for individuals who carry out the procedure (if they cannot do it themselves);

Step 4: Prepare dossiers

Click on “Prepare”.
Enter the verification code that appears on the screen and select the management area, then click “accept”.
At this point, the profile will be moved to the preparation phase.

Step 5: Sign the account verification

Choose “Sign/verify business registration account” to complete the profile verification.

Step 6: Payment

Click on “payment”, then enter the payer’s information.
After the payment, the application’s status will change to “processing” on the system. The application then will be transferred to the business registration office’s account for processing.
When the system changes the application’s status to “Approved”, that means the company has applied to dissolve the business successfully.

LSX legal firm’s service on business dissolution

According to current regulations, dissolving a company is quite difficult. Complex processes from the preparation of documents to the submission made it difficult for enterprises to comply with the law.

LSX provides company dissolution services to help clients settle neatly; Prepare all documents and papers for dissolution dossier. Besides that, the process of submitting dossiers or receiving results is also provided in this service.

LSX ‘s service costs are highly competitive; especially depending on the nature of the case. From only 2,000,000 VND, a very reasonable price, LSX provides services with the hope that customers can experience the best. In addition, we guarantee the most suitable and economical cost for customers.

Related articles

• Does enterprise dissolution require tax finalization in Vietnam
• Procedures for dissolution of cooperatives in Vietnam
• Enterprise dissolution according to the latest Enterprise Law in Vietnam

Related questions

Contact LSX

Finally, hope this article is useful for you to answer the question about: “Guidance on online business dissolution in Vietnam”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: [email protected].

Conclusion: So the above is Guidance on online business dissolution in Vietnam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com