23/06/2023 - 123
Business households are not enterprises, but business households can be converted into enterprises. The conversion of a business household into an enterprise must be registered and carried out in accordance with the law. Pursuant to Article 27 of Decree 01/2021 registration of conversion from household business into enterprise is prescribed as follows: Submission The application […]
Business households are not enterprises, but business households can be converted into enterprises. The conversion of a business household into an enterprise must be registered and carried out in accordance with the law.
Pursuant to Article 27 of Decree 01/2021 registration of conversion from household business into enterprise is prescribed as follows:
The application for registration of an enterprise that is converted from a household business shall be submitted to the Business Registration Office of the province where the enterprise will be headquartered.
The application for registration of an enterprise that is converted from a household business includes the original certificate of household business registration, the copy of the tax registration certificate, and the documents specified in Articles 21, 22, 23, and 24 hereof corresponding to each enterprise type but excludes the investment registration certificate specified in Point B Clause 4 Article 22, Point C Clause 4 Article 23 and Point C Clause 3 Article 24 hereof.
If foreign investors/foreign-invested business entities contribute capital to or purchase shares/stakes of the enterprise converted from a household business in case procedures for registration of capital contribution or purchase of shares/stakes must be followed in accordance with the Law on Investment, the application for enterprise registration must include the written approval given by the investment registration authority for capital contribution or purchase of shares/stakes by such foreign investors/foreign-invested business entities.
Within 02 working days from the date of issue of the enterprise registration certificate, the Business Registration Office shall send a copy of the enterprise registration certificate and original certificate of household business registration to the business registration authority of the district where the household business is located for completing procedures for the shutdown of the household business.
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