Adding business lines – An important step to develop your individual business household

Adding business lines - An important step to develop your individual business household

An individual business household is a common form of business for many individuals or households in Vietnam. An individual business household has the advantages of simple registration procedures, low costs, flexible management and operation. However, an individual business household also has the disadvantage of being liable for its business activities with its entire personal assets. Therefore, when an individual business household wants to expand its market, do business in more new lines of business, it needs to carry out the procedure of adding business lines at the business registration authority, to be granted a new business registration certificate, suitable for the current business lines.

Procedure for adding business lines for individual business households

Adding business lines is a change in the content of business registration, so the owner of the individual business household must carry out the procedure of registering the change at the district-level business registration authority where the individual business household has registered. The time limit for registering the change is 10 days from the date of the change. The steps to carry out the procedure of adding business lines are as follows:

Step 1: Prepare the dossier of adding business lines.

The dossier includes:

  • Notice of change of business registration content, signed by the owner of the individual business household.
  • A copy of the minutes of the meeting of the household members on the registration of change of business registration content, in case the individual business household is registered by the household members.

Step 2: Submit the dossier of adding business lines.

There are two ways to submit the dossier:

  1. Submit directly to the district-level business registration authority. In case the owner of the individual business household does not directly submit the dossier, a written authorization and legal documents of the authorized person are required.
  2. Submit online via the online public service portal. In this case, the owner of the individual business household needs to have a digital signature to sign the dossier.

Step 3: Receive the result of adding business lines.

The district-level business registration authority will process the dossier within 03 working days from the date of receiving the dossier. There are two cases:

  • The dossier is valid: The district-level business registration authority will issue a new business registration certificate for the individual business household. The individual business household needs to return the old business registration certificate when receiving the result.
  • The dossier is invalid: The district-level business registration authority will notify the individual business household of the content that needs to be amended and supplemented in writing. The individual business household needs to resubmit the dossier after having amended and supplemented as required.

Notes when adding business lines for individual business households

When adding business lines for individual business households, you need to pay attention to the following points:

  • The business lines must not belong to the list of business lines prohibited by law.
  • The business lines must meet all the conditions prescribed by law for conditional business lines. In case the individual business household does business in conditional business lines without meeting the conditions, the district-level business registration authority will request the individual business household to temporarily stop doing business in those business lines, and notify the competent authority for handling according to the provisions of law.
  • The business lines must have a professional certificate if required by law. When submitting the dossier of adding business lines, the individual business household must submit a copy of the professional certificate of the individual or representative of the individual business household.

Additionally, Warren B offers services like changing business registration details, temporary business suspension, and company dissolution. For convenience, visit Warren B’s webapp to register your company online in just 10 minutes. Complete all steps online, and receive your documentation via email promptly. For more detailed information or inquiries, contact Warren B at (+84) 915 704 883.

We thank you for considering setting up a social enterprise in Vietnam with Warren B’s guidance!

--> Step-by-Step Guide: How to Open a Company in Vietnam

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