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What procedures does a business need to follow to amend the content on its business license?

Amending the content on a business license becomes imperative when companies experience shifts in their operations or legal structure. Consequently, upholding adherence to legal requirements ensures not only compliance but also transparency in business operations. In this discussion, we will explore the procedures and guidelines that businesses need to follow when seeking to amend the content on their business license, shedding light on the crucial steps involved in this important regulatory process.

Question:

All of the branches of our company have been registered as dependent units up until now. However, recently, the Tax Department updated its system to reflect a change in status from dependent to independent since 2013. Apart from submitting the business license to prove this, what other documents do we need to prepare and submit to the Authority of Planning and Investment to correct this?

Answer:

– If a business finds discrepancies between its registered information and the data in the registration dossier, it should adhere to the amendment procedure outlined in Article 13 of Circular No. 20/2015/TT-BKHDT dated December 1, 2015, which provides guidance on enterprise registration.

– The business should use the form Appendix II-14 of Circular No. 02/2019/TT-BKHDT to apply for the amendment of the registered business information.

– If the business intends to update the accounting information of the branch, it should submit a Notice of Change according to the form II-13 of Circular No. 02/2019/TT-BKHDT.

– The business should submit the application online through the National Business Registration Portal at the website “www.dangkykinhdoanh.gov.vn/ Public Services/ Online Registration” (Note: create an account before submitting the application, helpline number: 19009026).

Conclusion

In conclusion, the process of amending the content on a business license is a pivotal aspect of adapting to changing business circumstances and staying in compliance with evolving legal standards. Businesses must diligently adhere to the prescribed procedures to ensure the accuracy and legality of their licensing information. By navigating this process effectively, companies can continue their operations seamlessly and demonstrate their commitment to transparency and regulatory compliance in the dynamic landscape of business.

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

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