How many business households can one person register?

Article overview

Maximum number of business households that can be registered is a question for many individuals and households who want to start a business in Vietnam. Current legal regulations have specific instructions on household business registration, helping business entities better understand the conditions and limitations in the process of establishing a business. The following article will answer questions and provide detailed information about business household registration according to current regulations.

Maximum number of business households can be registered according to current regulations
Maximum number of business households can be registered according to current regulations

What is a business household? Conditions for establishment according to regulations

  1. Regulations on business households
  • According to Clause 1, Article 79 of Decree 01/2021/ND-CP, household business is understood as a form of business registered to be established by an individual or members of a household. Business households are responsible for all of their assets for business activities.
  • In case household members register a business household, one member shall be authorized to act as the business representative. The individual who registers the business household, the person authorized by the household members to act as the business household representative, is the business household owner.
  1. Conditions for establishing business households

According to Clause 1, Article 82 of Decree 01/2021/ND-CP, to establish a business household, the following conditions must be met:

  • The industries and occupations that business households intend to register must not be on the list of industries and occupations banned from business investment.
  • The name of the business household must be set in accordance with the provisions of Article 88 of Decree 01/2021/ND-CP.
  • Business household registration documents need to be fully and validly prepared.
  • The person registering a business household must pay all fees according to the law.
Conditions that must be met when establishing a business household
Conditions that must be met when establishing a business household

A person can register a maximum number of business households according to the law

According to Clause 2, Article 80 of Decree 01/2021/ND-CP, each individual is only entitled to register one business household nationwide.

Procedures for registering to establish a business household

File

Pursuant to Clause 2, Article 87 of Decree 01/2021/ND-CP regulating business household establishment documents will include the following documents:

1. Application for household business registration;

Refer to the sample here: Attached – Application for business household registration.docx

2. Personal legal documents for business household owners and household members registering business households in case household members register business households;

3. Copy of the meeting minutes of household members on the establishment of a business household in case household members register a business household;

4. Copy of the household member’s authorization document for a member to be the business owner in case household members register their business.

Sequence

According to Article 87 of Decree 01/2021/ND-CP, the process of establishing a business household will include the following specific steps:

Step 1: Submit application

Business households register their business at the district business registration agency where the business household’s headquarters is located. Specifically at the Finance and Planning Department under the district People’s Committee.

Step 2: Receive documents and issue Business Household Registration Certificate

  • When receiving the dossier, the district business registration agency gives a receipt to the business household.
  • The district-level business registration agency issues the Business Household Registration Certificate to the business household within 03 working days from the date of receipt of valid documents.
  • In case the dossier is invalid, within 03 working days from the date of receipt of the dossier, the district business registration agency must notify the applicant or business household founder in writing. The notice must clearly state the reason and requests for document amendments and supplements (if any).

Note: If after 03 working days from the date of submitting the business household registration dossier, you do not receive the Business Household Registration Certificate or do not receive a notice requesting amendments or supplements to the business household registration dossier, then the person establishing a business household or household business has the right to complain and denounce according to the provisions of law on complaints and denunciations.

Steps to register to establish a business household according to the most standard regulations
Steps to register to establish a business household according to the most standard regulations

Comprehensive and effective consulting and business registration services in Long Phan

To help customers carry out business household registration procedures quickly and accurately, Long Phan provides professional and effective business household registration services. Specifically, our comprehensive consulting and support services include:

  • Consulting on choosing suitable business sectors and professions;
  • Consulting on conditions for establishing business households;
  • Consulting and supporting the preparation of registration documents to establish business households;
  • Instructions on the order and procedures for quickly establishing business households;
  • Representing customers in preparing documents and procedures for registering to establish business households;
  • Detailed advice on the rights and obligations of business households after establishment;
  • Consulting on tasks that need to be done after registering a business household;
  • Consulting and answering other related issues.

Understanding the business registration regulations is an important first step for your business journey. Long Phan is proud to be a reliable companion, always ready to support you from the first step to the completion of the procedure. Please contact Long Phan via the hotline: 0906735386 for detailed advice from our team of dedicated and experienced experts.