Rights to apply for enterprise registration for foreign investors in Vietnam

by BichNgoc

Today’s society is developing more and more, people have more and more choices and directions for themselves. Many investors have tried in Vietnam and many people have chosen for themselves the path of starting a business by establishing a business to own; it is certainly a difficult and challenging path, but if successful Business owners will receive many “sweet fruits”. LSX Lawfirm will give you an article about: “Rights to apply for enterprise registration for foreign investors in Vietnam”, as follows:

Law on enterprises 2020

Decree No. 01/2021/ND-CP

What means of “enterprise registration” for foreign investors in Vietnam?

Accordingly, Enterprise registration means the registration by the enterprise’s founder of information about the enterprise established or the enterprise’s registration of changes in information about enterprise registration with the business registration authority; retained on the National Enterprise Registration Database. It also related to rights to apply for enterprise registration for foreign investors in Vietnam. Then, the enterprise registration includes registration of enterprise establishment, registration of operation of its branch; representative office or business location, and other registration and notification obligations under the law.

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Representative Offices of Foreign Advertising Enterprises in Vietnam

Rights to apply for enterprise registration for foreign investors in Vietnam

Firstly, establishing enterprises is the right of every entity. The State protected this right.

Secondly, related to rights to apply for enterprise registration for foreign investors in Vietnamthe enterprise’s founder or the enterprise has to fully and promptly fulfill the obligation to apply for enterprise registration; disclose information about establishment and operation of the enterprise in accordance with regulations herein and relevant legislative documents.

Thirdly, Business registration authorities and other agencies are prohibited to harass applicants while receiving and processing applications for enterprise registration.

Finally, about rights to apply for enterprise registration for foreign investors in VietnamMinistries, ministerial agencies; then People’s Councils and People’s Committees at all levels are not permitted to promulgate their own regulations on enterprise registration. Regulations on enterprise registration also promulgated by Ministries; then ministerial agencies; then People’s Councils and People’s Committees at all levels that are contrary to regulations herein shall be no longer valid.

Related questions about “Rights to apply for enterprise registration for foreign investors in Vietnam”

What does “applicant” means?

“Applicant” means the person who is competent to sign the application form for enterprise registration or his/her authorized person to follow enterprise registration procedures as prescribed in the law.

“National Enterprise Registration Information System”?

It means the system of dedicated information about enterprise registration established and operated by the Ministry of Planning and Investment in cooperation with relevant agencies to send, receive, store, display, or perform other tasks serving enterprise registration.

“National Enterprise Registration Database” means?

“National Enterprise Registration Database” is the collection of data about enterprise registration nationwide. Information included in an application for enterprise registration and about legal status of the enterprise stored on National Enterprise Registration Database is considered original information about the enterprise.

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