Changing business lines of foreign capital company in Vietnam

The business line of a foreign capital company is the information on the Investment Registration Certificate as well as on the Enterprise Registration Certificate. Therefore, when changing business lines, enterprises must carry out procedures for changing/adjusting the Investment Registration Certificate and changing the Enterprise Registration Certificate.

For foreign capital company established before July 01^st 2015 that have not changed their Investment Registration Certificate in Vietnam

For enterprises that are using Investment Registration Certificate issued before 01/07/2015 but have not yet issued changes, in addition to changing business lines, enterprises must carry out procedures for issuance of change (separation) to Investment Registration Certificate and Enterprise Registration Certificate.

Procedures for changing the business lines of foreign capital company on the Enterprise Registration Certificate in Vietnam

Dossier of change of business lines of a foreign capital company on the Enterprise Registration Certificate

• Notification of change of enterprise registration contents (coding business lines according to business lines code level 4 of the Vietnam Economic Business lines System);
• Minutes on the change of business lines (of the Board of Directors of a joint stock company, the Members’ Council of a limited liability company with two or more members…);
• Decide on changing the company’s business lines;
• A written request for publication of enterprise registration contents on the National Enterprise Portal;
• A copy of the investment registration certificate recognizing additional business lines;
• Written authorization for Viet An Law Firm.

Order of procedures for changing business lines of foreign capital company

Step 1: Viet An Law Firm will advise and guide customers to prepare documents in accordance with the provisions of law.

Step 2: Viet An Law Firm represents customers to submit the application, monitor the progress and receive the results at the business registration office.

Step 3: After receiving the Enterprise Registration Certificate, the enterprise will carry out information disclosure procedures on the National Business Registration Portal.

Estimated time

The time to complete the procedures for registration of change of business lines in the Enterprise Registration Certificate is about 3-5 working days.

Procedures for changing the lines of foreign capital company on Investment Registration Certificate in Vietnam

Notes on changing/adjusting the Investment Registration Certificate

• If the enterprise is still using the old form of the Investment Registration Certificate (not yet changed), the enterprise will carry out the procedures for issuance of change to the new and changed Investment Registration Certificate.
• According to the provisions of Decree 31/2021/ND-CP guiding the Investment Law 2020, investment projects must carry out procedures for changes to conditional business lines, for business lines without conditions, enterprises are not required to make additions. However, in practice, when enterprises expand business lines, they should still add business lines according to regulations.

Dossier of change of business lines of foreign capital company on Investment Registration Certificate

• Application form/application for adjustment of the Investment Registration Certificate;
• Decisions and meeting minutes on the addition of business lines (of the Company Owner or the Members’ Council or the Company’s President for a 1-member limited liability company; of the Company’s Members’ Council for a limited liability company with two or more members; of the Board of Directors for a joint-stock company; of general partners for the Company partnership).
• An explanation of the ability to satisfy the conditions that the investment project must meet as prescribed by law for projects in the field of conditional investment;
• Economic-technical explanation includes the main contents: investment objectives, scale and location; investment capital; project implementation progress; land use demand; technological solutions and environmental solutions; (for projects with an investment capital of VND 300 billion or more and not in the field of conditional investment).
• Notarized copy of the Investment Registration Certificate.
• Appendix amending the enterprise’s charter.
• Report on the implementation of the project of the enterprise up to the time of requesting changes.
• Written authorization for Viet An Law Firm.

Order of procedures for making changes to Investment Registration Certificate

Viet An Law Firm will represent customers in submitting documents, monitoring progress, explaining upon request and receiving results at the Investment Registration Office in accordance with the provisions of law.

Estimated time

The time for adjustment of the Investment Registration Certificate is about 30-40 working days depending on the conditions of the additional registration business lines and the actual capacity of the investor.

If you have any difficulties in the process of carrying out procedures for changing the Enterprise Registration Certificate business line of a foreign capital company, please contact Viet An Law Firm for advice and guidance on drafting documents in a specific way,  most accurately.