What is a business line code? How to look up the business line code 2020? Today, LSX Lawfirm will send you an article about: “Guide to look up business line codes in Vietnam 2020”, specifically as follows:
Look up business line codes 2020
Business line code is a sequence of characters encoded to represent a specific business line.
Business line codes in Vietnam’s economic sector system will be represented by a sequence of 6 characters representing industry codes from level 1 to level 5.
Industry code level 1:
Coded with 01 letters from A to U representing the business field.
Level 2 industry code:
Encrypted by 02 digits shown after the position of the level 1 industry code.
Level 3 industry code:
Encrypted with 01 digits shown after the position of the 2nd level industry code.
Industry code level 4:
Encrypted with 01 digits shown after the position of the level 3 industry code.
Industry code level 5:
Encrypted with 01 digits shown after the position of the industry code level 4.
Normally, when registering a business, subjects will write the industry code to level 4 in the business registration declaration. After that, the enterprise must add the level 5 industry code or explain it in detail in accordance with the provisions of the law.
In addition
Currently, the law allows businesses to have the right to do business in industries that are not prohibited by law. The Government shall specify the list of industries prohibited from doing business.
Thus, an enterprise can freely choose a business line to establish an enterprise, but that industry must not be in a prohibited business line.
For some business lines, in order to do business, the subjects must meet certain conditions called conditional business lines. If these conditions are not met, the subject will not be granted business registration.
Each business line is coded with a different business line code, so when registering under any industry code, an enterprise can only operate in that industry.
All enterprises, when establishing or adding new business lines or changing business lines, must register under the industry code level 4 of the economic system of Vietnam.
Guide to looking up business line codes 2020
Currently, the regulation on recording business line codes on business registration certificates has abolished. That is, if you want to know what business an enterprise does, you need to look it up on the national business registration management system.
The fact that the law allows enterprises to freely conduct all business lines; which is not prohibited by law does not mean that enterprises do not need to register such business lines with the competent authority.
When registering the establishment of an enterprise with a competent state agency for business registration, the subjects must fully declare information about the business code; according to the correct list and in accordance with the regulations on the procedures for establishing an enterprise.
During its operation, the enterprise wishes to expand its business lines or trades or change its business lines; must carry out procedures for additional registration of business lines and industries and notify the licensing agency.
Registered enterprise establishment; Before the effective date of the Enterprise Law 2020, it is forbidden to display business lines and codes on the National Business Registration Portal.
Therefore, businesses that want to change any content in their business registration; must perform industry encryption before changing that business registration content.
Steps to look up business code
When registering to establish a business; the subjects still have to declare the business line and the code of this industry. To have a business line code, the subjects need to conduct a lookup through the business line code management system.
Subjects can look up business line codes according to the following process:
Step 1: Log in to the National Portal on industry code management by website address: http://dangkytinhdoanh.gov.vn/
The screen will display the homepage of the search system, at the system, the objects can look up the business line code, the business line code of the specific enterprise and many other issues about the business.
Step 2: Subjects need to select “support”, then click and “look up business lines”
At this time, the screen interface will display a list of industries and business lines as prescribed.
Step 3: To look up the exact registered business lines, subjects can press “Ctrl + F” and type in their business lines to look up the code.
The subject receives results at the screen interface, records results, and checks other business line codes.
In addition, subjects who want to look up business line codes can see the Appendix; issued together with Decision 27/2018/QD – TTG.
Related article
- Cases needing to register for a personal tax code in Vietnam
- Procedures to register for the latest personal tax code in Vietnam
- Conditions for establishing a pawnshop business
Related questions
Encrypted with 01 digits shown after the position of the level 3 industry code.
When registering the establishment of an enterprise with a competent state agency for business registration, the subjects must fully declare information about the business code according to the correct list and in accordance with the regulations on the procedures for establishing an enterprise.
The law allows businesses to have the right to do business in industries that are not prohibited by law, but not all businesses can register to operate. Because there are professions that require capital, practice certificates, etc., businesses must meet the conditions of that industry to be able to operate. In addition, according to the experience of Viet Century, when establishing, businesses should only register the industries that are expected to operate, and should not register too many unnecessary industries.
Contact LSX Lawfirm
Finally, hope this article is useful for you; answer the question about: “Guide to looking up business line codes in Vietnam 2020“. If you need more information, please contact LSX Law firm: +84846175333 or Email: [email protected].
Conclusion: So the above is Guide to looking up business line codes in Vietnam 2020. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
