Navigating the intricacies of industry codes and professions is a crucial aspect of business registration for enterprises. The right classification ensures that a company’s activities are accurately represented, aligning with regulatory standards. However, questions often arise regarding these codes and professions. In this discussion, we will explore some common inquiries that enterprises have regarding industry codes and professions for business registration. Understanding these inquiries is essential for businesses aiming for compliance, clarity, and operational success.
Question:
I would like to register a joint stock company and have some questions that I hope the authorities can guide me on:
1. If the company leases real estate and then subleases it to another party, should it register under industry code 6820 or 6810?
2. In the case of a business registering under industry code 5911, what are the requirements for carrying out film production activities and implementing fire and explosion effects, as well as using combustible, explosive, and chemical substances as props?
3. For industries that have requirements regarding charter capital, should proof of charter capital be provided during the business registration process or after registration?
Response:
1. For the industry of “leasing real estate for subleasing,” we recommend that the business registers under industry code 6810 and fulfills the charter capital requirement of 20 billion VND (Based on Article 10 of the 2014 Real Estate Business Law).
2. For industry code 5911, we recommend that the business contacts the specialized agency (Vietnam Cinema Department) for specific guidance.
3. You must carry out the documentation, procedures, and sequence for registering the establishment of a joint-stock company in accordance with the provisions of Article 23 of Decree 01/2021/ND-CP on business registration. Businesses can choose to register online through the City’s business registration service program via the website www.dpi.hochiminhcity.gov.vn.
Conclusion
In conclusion, the inquiries that enterprises have regarding industry codes and professions for business registration reflect the commitment to operate within the bounds of the law and accurately represent their activities. By addressing these inquiries and gaining clarity on the classification process, businesses can confidently navigate the regulatory landscape. This fosters a foundation of compliance and clarity, contributing to their growth and success in the business world.
HMLF is always available to offer assistance in understanding the procedures with authorities.
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
