In the ever-evolving landscape of business, expansion into new industries can be a strategic move. Companies seek diversification and fresh opportunities. However, this endeavor often comes with a critical requirement – acquiring the necessary licenses. One key question arises: Is it necessary for a company to enhance its documentation to meet the requirements? This is especially important when expanding into specific industries? In this discussion, we will explore the significance of documentation in the licensing process. We will also discuss its pivotal role in facilitating business expansion.
Question:
We are a joint stock company, after searching on the national information portal, we have found the primary industry code: 4632, and we also have other industry codes such as 8230, 4633,…. Do we need to supplement any documents to be allowed to expand our business? And what documents do we need?
Answer:
The documents, procedures, and processes for changing industries and business professions are carried out according to the provisions of Article 56 of Decree No. 01/2021/NĐ-CP of the Government dated January 4/2021 on enterprise registration.
In order to register for supplementary business industries and professions, businesses should refer to the models and procedures on the website: www.dangkykinhdoanh.gov.vn/tin tức/tin mới nhất/Biểu mẫu tham khảo về đăng ký doanh nghiệp in accordance with the regulations of the Enterprise Law No. 59/2020/QH14.
Question:
I would like to inquire as follows: In the registered industry and profession of the company, there is the industry of Agency, brokering, auctioning goods with the industry code 4610. Now the company is working as the Sole Distributor of High-Grade Ready-Mixed Bread Flour. Do we need to register for a supplementary new industry and profession?
Answer:
In the case of the company operating as an agency for selling goods, the company should register according to the industry code 4610: Agency, brokering, auctioning goods.
In the case of the company wholesale and retailing high-grade ready-mixed bread flour, the company can consider registering the additional industry codes. These codes include 4632: Wholesale of food products and 4722: Retail sale of food products in specialized stores.
Businesses carry out the documents, procedures, and processes for changing industries and business professions according to Article 56. This article belongs to Decree No. 01/2021/NĐ-CP of the Government, dated January 4, 2021, on enterprise registration.
Conclusion
In conclusion, enhancing documentation for acquiring licenses during industry expansion ensures regulatory compliance and successful growth. Documenting compliance records and operational procedures is crucial. Embracing meticulous documentation allows businesses to confidently explore new horizons and thrive in chosen industries.
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
