How to look up and register business industry codes

Registering for business industry code is an important factor in determining the business’s field of operation, making management and legal compliance easier. Looking up and registering accurate industry codes not only helps businesses comply with State regulations but also creates favorable conditions for business expansion and development. The article below will guide customers through the process of looking up and registering industry codes according to the latest regulations.

Purpose of looking up business lines

The business industry code is the basis for determining the scope of operations of the enterprise. Looking up industry codes according to regulations helps businesses avoid legal risks when operating. Vietnam’s economic sector code system is updated according to Decision 27/2018/QD-TTg.

Looking up the exact industry code brings the following benefits:

• Determine the correct scope of business lines according to legal regulations;
• Ensuring legality in business operations;
• Convenience in tax declaration and financial reporting;
• Avoid risks of inspection and examination by state agencies;
• Advantages in expanding business lines in the future.

Instructions on how to look up business lines accurately

Look up by tax code

Looking up your tax code is the first step to determine your business line. Businesses can look up through the following methods:

National information portal on business registration:

• Visit the website of the National Information Portal on Business Registration;
• Enter your business tax code;
• Check information about registered occupations.

Electronic information portal of the General Department of Taxation:

• Access the website of the Electronic Information Portal of the General Department of Taxation – Ministry of Finance;
• Log in to your business account;
• Look up tax code and industry information.

Look up the business line of the enterprise before its establishment

Businesses need to take the following steps:

Step 1: Determine the type of business

• Commodity trading;
• Service business;
• Manufacture;

Step 2: Look up the industry code, Determine the industry code suitable for business activities according to Appendix I Decision 27/2018/QD-TTg.

Step 3: Determine detailed occupations

• Detailed description of business activities;
• Check business conditions (if any);
• Compare with the list of occupations;
• Choose the most suitable industry code.

Look up conditional business lines

Conditional business lines are specified in Appendix IV of the Law on Investment 2020:

Conditions to be met:

• Business license: this is a legal document certifying that the business is eligible to operate in the registered field;
• Practicing certificate: is a certificate that an individual or organization has sufficient professional capacity to practice in a specific field;
• Certificate of eligibility: confirms that the business meets the requirements for facilities and human resources to operate in a specific industry;
• Legal capital requirement: is the minimum capital a business must have to operate in fields that require special financial conditions, such as banking or insurance.

Instructions on procedures for registering business industry codes

The registration process includes the following steps:

Step 1: Prepare documents

• Application for change registration;
• Owner’s decision;
• Amended charter (if any);
• License for conditional occupations.

Step 2: Submit application

• Submit directly to the Business Registration Office;
• Submit electronically;
• Processing time: 03 working days.

Step 3: Get results

• New business registration certificate;
• Notice of change in business registration content.

Reputable business registration service in Long Phan

At Long Phan, we provide consulting services, support for searching and consulting on business industry code registration. Long Phan provides services including:

• Advise customers on choosing a profession that suits their actual business needs;
• Support and review accurate industry codes according to industry;
• Representing customers in preparing application documents for business registration codes;
• Support customers in carrying out registration procedures with competent state agencies;
• In-depth consulting for customers on current conditional business sectors;
• Providing consulting package services, support for business industry code registration, and support for solving arising problems.

Long Phan provides business registration consulting services in Vietnam, helping to bring comprehensive solutions for looking up and registering business industry codes for customers. For detailed advice and quick support, please contact Long Phan via the hotline: 0906735386. Our team of experts is always ready to accompany the development of your business.