Expanding the scope of a business by registering additional industries or business fields can be a strategic move to diversify offerings and increase market opportunities. However, this process is not without its complexities and regulations. In this discussion, we will explore the essential procedures that businesses need to follow when seeking to register additional industries or business fields. Understanding these steps is vital for entrepreneurs looking to adapt and grow in today’s dynamic business environment.
Question:
Activities of agricultural film production, registered under code 4669. Details: trading in vegetable and fruit seeds, flower seeds. Trading in agricultural supplies and equipment. Or trading in PE film, agricultural soil cover film, agricultural nets, sprayers. And finally trading in adhesive for plastic film. When purchasing plastic resin materials for production, if there are leftovers and the company wishes to resell the plastic resin, does it need to register under any additional industry code?
Answer:
If the company wishes to register the industry of “Wholesale of plastic resin,” it may consider registering under industry code 4669, “Other specialized wholesale trade,” or alternatively, industry code 4773, “Specialized retail trade of new goods in specialized stores.” This choice depends on the specific details, such as retail trade of plastic resin.
Furthermore, the dossier, procedures, and the process of changing industries or business occupations are carried out in accordance with the provisions of Article 56 of Decree No. 01/2021/ND-CP, dated January 4, 2021, issued by the Government on business registration.
Additionally, the company may choose to submit the dossier online through the Business Registration Service Program on the official website www.dpi.hochiminhcity.gov.vn. This online option streamlines the process and enhances convenience for businesses seeking to make these industry changes.
Question:
I would like to inquire about the procedures and documents I need to prepare in order to supplement industry code 4791 – “Retailing via mail order or internet” for my current FDI company (with 92% foreign capital and the principal code VSIC 4290).
Answer:
– The dossier, procedures, and process of changing industries are carried out in accordance with the provisions of Article 56 of Decree No. 01/2021/ND-CP dated January 4/2021 of the Government on business registration.
– For foreign-invested companies, it is suggested that the company refers to the specific industry specified in the Specific Commitments on Trade in Services signed between Vietnam and the World Trade Organization (WTO) when registering the business occupation.
Conclusion
In conclusion, the procedures involved in registering additional industries or business fields are pivotal for businesses aiming to diversify their operations and seize new opportunities. By adhering to these processes, companies can ensure compliance with regulations and position themselves for success in their expanded endeavors. With the right approach and understanding, businesses can navigate these procedures effectively and embark on a path of growth and innovation in their 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
