The temporary suspension of business operations is a strategic decision that companies may undertake for various reasons, but when the suspension period nears its end, it raises questions about the procedures required to resume normal operations. Understanding the precise steps and compliance requirements is crucial to ensure a seamless transition back to business as usual. In this discussion, we will delve into the procedures that companies must follow when the temporary suspension period expires and the importance of adhering to these processes.
Question:
When the temporary suspension period of business operations ends, what procedures do our company need to undertake to resume operations?
Answer:
In case where a company’s temporary suspension period ends, the national business registration information system will automatically update the company’s status to “active” again. The company does not need to submit any additional documents to resume operations.
Question:
I would like to inquire about the procedure for resuming business operations before the end of the temporary suspension period. Our company has completed the procedures for temporary suspension. How do we need to submit the notification to the Authority for Planning and Investment?
Answer:
– The dossier for notifying the resumption of business operations before the end of the temporary suspension period includes the Notification Form II-21 as per Circular 02/2019/TT-BKHDT. In cases where the person submitting the dossier is not the legal representative, a power of attorney for the dossier submitter must be included along with a valid copy of the submitter’s identification card/citizen identification card/passport.
– The company can choose to prepare the dossier online through the Enterprise Registration Assistance Program at home via the website “www.dpi.hochiminhcity.gov.vn”.
– The company can submit the dossier online through the National Business Registration Portal at “www. dangkykinhdoanh.gov.vn/e-services/Online registration”.
– After successfully submitting the dossier online and receiving the notification of valid dossier approval, the company can register for the “receive and return results at home” service through postal services using the link provided by the attached specialist in the valid notification.
Conclusion
In conclusion, the transition from a temporary business suspension back to regular operations demands careful adherence to prescribed procedures. Companies must diligently assess and fulfill the regulatory requirements, as well as any additional internal processes necessary for a successful resumption. By doing so, they can ensure a swift and compliant return to full-scale operations, minimizing disruptions and positioning themselves for continued success in the business landscape.
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
