In the realm of subcontracting, ensuring that your company’s registered industry code aligns with the nature of your work is of utmost importance. Specifically, when dealing with the processing, understanding the necessity of supplementing the registered industry code becomes crucial. In this discussion, we will explore the significance of having the right industry code in subcontracting, especially when it involves fertilizer processing. We’ll delve into the reasons behind this requirement and the potential implications for businesses in this sector.
Question:
My company is registered under industry code 4669 (specifically: wholesale fertilizer) and industry code 4773 (specifically: retail fertilizer). So in the case of actual processing (contract processing with a manufacturing unit), does my company need to supplement ‘fertilizer processing’ or not?
Answer:
In the case of a business engaged in theproduction, the business should refer to registering under the following industry code: – Fertilizer and Nitrogen Compound Production – Details: Fertilizer production (not operating at the headquarters). You must follow Article 56 of Decree No. 01/2021/ND-CP on business registration to carry out documentation, procedures, and sequence for changing industries and business lines.
MLF is always available to offer assistance in understanding the procedures with authorities.
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