The process of selecting suitable industry codes and business occupations is a fundamental step for any enterprise during the business registration process. These codes and occupations define the nature of a company’s activities, allowing regulatory bodies, customers, and partners to understand its scope. Choosing the right codes and occupations is not only essential for clarity but also for ensuring compliance with legal requirements. In this discussion, we will delve into the significance of selecting appropriate industry codes and business occupations, offering insights into the considerations and implications of this crucial decision.
Question:
We intend to register the establishment of a new business – a joint stock company. We would like your advice on which business industry code is suitable for the following business sector: ‘Trading of materials, equipment, chemicals in the processing and use of gas and gas products’?
Answer:
Businesses can refer to the industry codes specified in Prime Minister’s Decision No. 27/2018/QD-TTg dated July 6, 2018, which promulgates the System of Vietnam’s Economic Industries (Businesses can refer to industry codes 4659, 4669, 4661). The documentation, procedures, and process for changing the business industry are carried out in accordance with the provisions of Article 56 of Decree No. 01/2021/ND-CP on business registration.
Question:
Our business engages in the activity of buying and selling. Which industry should we register for that is appropriate?
Answer:
– Businesses can refer to industry code 4610 for registration: Agents, brokers, auctioneers of goods – Details: Goods brokerage.
– The documentation, procedures, and process for changing the business industry are carried out in accordance with the provisions of Article 56 of Decree No. 01/2021/ND-CP on business registration.
– Businesses can choose to prepare online documentation through the City’s Online Business Registration Service Program via the website www.dpi.hochiminhcity.gov.vn“
Conclusion
In conclusion, the selection of suitable industry codes and business occupations is a pivotal aspect of business registration. It significantly shapes how the business landscape perceives, understands, and regulates the company. Consequently, by thoughtfully evaluating the nature of their operations, enterprises can make well-informed choices. They can align their chosen codes and occupations with their actual activities, fostering greater clarity and regulatory compliance. This not only enhances clarity and regulatory compliance but also sets the foundation for successful and transparent business operations in an ever-evolving marketplace.
HMLF is always available to offer assistance in understanding the procedures with authorities.
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