Expanding the scope of business operations is a pivotal step for companies seeking growth and diversification in the dynamic landscape of Vietnam. While the business registration certificate serves as a fundamental document, it may not encompass all the industries or business sectors a company wishes to engage in. Therefore, understanding the process of registering additional industries or sectors becomes crucial. In this exploration, we will navigate the procedures and requirements for companies to add new industries or business sectors to their existing business registration certificate in Vietnam, shedding light on this essential facet of corporate expansion.
Question:
My company is a construction company, and on the business license, there is no profession related to brokerage. Now, my company wants to engage in land brokerage activities in industrial zones. Do I need to register for additional business professions? If so, what industry and code should I need?
Answer:
– The company is advised to refer to the business professions defined in Decision No. 27/2018/QD-TTg dated July 6, 2018, issued by the Prime Minister on the Vietnam Economic Sector System (The company can refer to the profession in detail under the industry code 6820 Real estate consulting, brokerage, auction, auction of land use rights).
– The documentation, procedures, and sequence for changing business professions are carried out according to the regulations in Article 56 of Decree No. 01/2021/ND-CP on enterprise registration.
Conclusion
In a rapidly evolving business environment, the ability to adapt and diversify is paramount for companies. Registering additional industries line or sectors in Vietnam offers businesses the flexibility to seize new opportunities and remain competitive. By following the established procedures and meeting the necessary requirements, companies can expand their operations, enhance their market presence, and contribute to the economic vitality of Vietnam. This process embodies the country’s commitment to fostering a conducive environment that encourages growth, innovation, and entrepreneurship.
HMLF is always available to offer assistance in understanding the procedures with authorities.
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