Efficiency in administrative processes is a valuable goal for businesses. However, one common question that often arises is whether a single business registration account can be efficiently utilized to update information for multiple companies. In this comprehensive discussion, we will explore the regulations, procedures, and potential challenges surrounding this intriguing issue, shedding light on the feasibility, legal implications, and practical considerations of using a single account for the management of multiple businesses.
Question:
Is it possible to use one business registration account to update information for 2 different companies?
Answer:
According to Official Letter No. 5161/BKHĐT-ĐKKD dated July 4, 2016, from the Ministry of Planning and Investment regarding online business registration, when conducting business registration online, the person signing the electronic dossier is the legal representative of the enterprise or the person authorized by the legal representative of the enterprise to carry out the business registration procedures as stipulated in Article 12 of Decree No. 01/2021/NĐ-CP on business registration. In the case of a business having multiple companies, it can use the same registration account for both companies and attach a power of attorney from the legal representative when registering.
Conclusion
In conclusion, navigating the intricacies of business registration and information updates demands a keen understanding of regulatory guidelines. While it may seem convenient to use a single registration account for multiple companies, it’s essential to adhere to the specific requirements of each jurisdiction and consider the unique circumstances of each business. Seeking guidance from regulatory authorities and legal experts can help ensure compliance and streamline the process while maintaining the integrity of business registration data.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
