Latest sample notice of change in business lines

Sample notice of change in business line is a legal document that businesses use when adding, adjusting or eliminating professions registered with the business registration agency. Enterprises must carry out this procedure according to the provisions of Article 31 of the Law on Enterprises 2020 and related legal documents. The article below details the documents, forms, and procedures for change in business lines for businesses.

Documents announcing change in business lines

Documents announcing change in business lines include specific legal documents according to current regulations. Enterprises need to fully prepare this document before submitting it to the business registration agency. Preparing documents according to regulations will help businesses save time and costs during the procedure.

According to the provisions of Article 31 of the Law on Enterprise 2020, when changing business lines, enterprises must notify the Business Registration Office where the enterprise is headquartered. Dossier notifying a change in business lines needs to prepare the following documents:

• Notice of change in business registration content according to form Appendix II-1 issued with Circular 01/2021/TT-BKHDT.
• Resolutions and decisions of the company owner or the Board of members for limited liability companies; of the General Meeting of Shareholders or the Board of Directors for joint stock companies.
• Request for addition or change of business lines (if any).
• Valid copies of legal documents of the business.
• Investment license, business license or documents of equivalent value for conditional business lines.
• Authorization document and Legal documents of the person authorized to submit the application (if any).

Documents notifying change in business lines must ensure legality and complete information according to regulations. Businesses should note that for conditional business lines, businesses must meet the conditions and have an appropriate business license before making changes.

Latest standard form of notification of change in business lines

Sample notice of change in business line current standard is issued according to Appendix II-1 attached to Circular 01/2021/TT-BKHDT. Enterprises need to follow this form exactly when carrying out procedures to change business lines. Using the correct form and filling in all the information will help the approval process go quickly.

DOWNLOAD FORM APPENDIX II-1: HERE.

Appendix II-1 issued with Circular 01/2021/TT-BKHDT provides detailed regulations on the form of notification of change in business registration content. When declaring information on this form, businesses need to note the following:

Section 1: Clearly state the business name, business code, tax code.

Section 2: Mark X in the box “Change in business line” and fill in all information about the new business line according to the Vietnam Economic Sector System (VSIC 2018)

Section 3: List details of business lines after change, including: industry name, industry code, and mark the main business line.

Section 4: Legal representative signs and seals.

When declaring business industry codes, businesses must use level 4 industry codes according to the Vietnam Economic Industry System (VSIC 2018). Businesses can refer to the economic industry classification table on the website of the General Statistics Office or the National Information Portal on business registration.

Enterprises need to pay attention to filling in all information about their business lines, including existing business lines and additional business lines. For main business lines, businesses must mark an X in the corresponding box.

Procedures for notifying businesses of change in business lines

Procedures for notifying changes in business lines requires businesses to follow strict procedures according to the law. Enterprises need to take steps according to the provisions of Article 31 of the Law on Enterprise 2020 and Article 56 of Decree 01/2021/ND-CP. This process includes preparing documents, submitting documents and receiving results from the business registration agency.

According to the provisions of Article 56 of Decree 01/2021/ND-CP, the procedure for notifying a change in business lines is carried out according to the following steps:

• Step 1: Organize meetings and issue resolutions and decisions on changing business lines according to the provisions of law and the company’s Charter.
• Step 2: Prepare documents to notify change in business lines according to regulations.
• Step 3: Submit the application at the Business Registration Office where the business is headquartered or submit the application through the National Business Registration Portal.
• Step 4: Receive confirmation of change in business registration content.

For conditional business lines, enterprises must meet the prescribed business conditions before conducting business activities. Article 7 of the Law on Investment 2020 stipulates the list of conditional business lines and corresponding business conditions.

The time limit for processing a dossier notifying a change in business line is 03 working days from the date of receipt of a complete and valid dossier. The fee for publishing business registration content is 100,000 VND according to current regulations.

After completing the procedure, the business will receive a Confirmation of change in business registration content and Business Registration Certificate (if any changes).

Comprehensive service of notification of changes in business registration content at Long Phan Consulting Company

Notification service for changes in business registration content at Long Phan Consulting Company provides comprehensive solutions for businesses. Long Phan’s team of legal experts will support businesses in implementing the entire process of changing business lines professionally and effectively.

Long Phan Consulting Company provides in-depth corporate legal consulting services with more than 10 years of experience in the field of registration and change of business information. Our comprehensive business change notification service includes:

• Free consultation on processes, procedures and documents for changing business lines.
• Draft all necessary legal documents according to regulations.
• Support in organizing meetings and drafting resolutions and decisions on changing business lines.
• The business representative submits the application at the business registration agency.
• Monitor the progress of processing documents and receive results on behalf of the business.
• Instructions for implementing procedures after changing business lines.

With a team of experienced experts, Long Phan Consulting Company is committed to providing high quality services, ensuring the process of changing business lines takes place smoothly and in accordance with legal regulations.

Some frequently asked questions

Below are some questions related to procedures for notifying changes in business lines, please refer to:

What is the maximum time for a business to notify a change in business lines?

According to Article 56 of Decree 01/2021/ND-CP, enterprises must notify changes within 10 working days from the date of the change.

In what form can an enterprise submit an application to change its business line?

Enterprises can submit directly to the Business Registration Office under the Department of Planning and Investment where the enterprise is headquartered or submit documents through the National Business Registration Portal.

How much is the fee for publishing business registration content when changing industries?

The current fee is 100,000 VND.

Are businesses required to use industry codes according to the VSIC 2018 system?

Yes, businesses must use level 4 industry codes according to the Vietnam Economic Industry System (VSIC 2018).

What documents prove that the enterprise has changed its legal business lines?

After completing the procedure, the business will receive a Confirmation of change in business registration content and Business Registration Certificate (if any changes).

Is it necessary to authorize the applicant?

Authorization is not required, but in case the legal representative of the enterprise does not directly perform it, a written authorization and legal documents of the authorized person are required to submit the application.

Conclude

The notice of change in business line form is an important legal document in the process of adjusting an enterprise’s business activities. Complying with regulations on documents, forms and procedures will help businesses change their business lines quickly and effectively. When you need support in implementing procedures to change business lines, please contact Long Phan Consulting Company immediately via the hotline 0906735386 to receive comprehensive advice and support from our team of experienced experts.