The business location of an enterprise, is the place in which specific business operations are conducted without having the function of representing and protecting the company’s interests.
An enterprise may establish a business location at another (separate) address where its head office or branch is located; Within 10 days after deciding to establish a business location, the enterprise most notify the Business Registration Office of the establishment and where the business location is physically located.
1. What are some of the fundamental conditions for establishing a business location?
Names
An enterprise may name its business location whatever it desires, but it must meet the following requirements:
The name of the business location shall consist of Vietnamese alphabetical characters, the letters F, J, Z, W, numbers, and symbols. Additionally, such name must include the enterprise’s name, the phrase “Business location”, and must be displayed – in signage form - at the business location.
Apart from the Vietnamese name, the enterprise’s business location may register a name, or its abbreviation, in a foreign language. The foreign language name is the name translated from the Vietnamese name into one of the Latin-based languages. The abbreviated name may be from either Vietnamese or a foreign language name.
The phrase “company” or “enterprise” MUST NOT be used as part of the proper name of the enterprise’s business location. The abovementioned phrases are to be displayed ONLY in Vietnamese.
ID numbers
The ID number of a business location is a series of 5 digits from 00001 to 99999. This number IS NOT the Tax identification Number of the business location.
Address
The business location of the enterprise can be registered outside of the head office address. An enterprise may register its business location inside or outside of a province, or the city where the enterprise’s head office or branch is located.
Business lines
The line of business of the business location can be either one of all of the lines operated by the company.
It is worth noting that the scope of the business location’s business lines must not exceed that of the parent company’s business lines, therefore adding a business line to the business location may necessitate additional procedures. The parent company’s line of business shall be completed first, followed by the business location’s line of business.
2. Establish a business location
Business location establishment is a quick and simple procedure.
Within 10 days upon deciding to create a business location, the enterprise is responsible for notifying the Business Registration Office of the physical location of the business.
Profile components include:
Notice of establishment
Power of attorney
Legal documents of the individual authorized to represent the business location.
The application shall be submitted Business registration office – Department of Planning and Investment – where the physical business location is to be established.
* Time limit for application processing: 3 working days from the date of application submission.
If the application is valid, a certificate of business location registration will be issued.
If the application is not valid, the Business Registration Office will issue a notice of amendment and supplementation to the enterprise within 3 working days.
You may contact us at +84-916-545-618 or by email at hung.le@cnccounsel.com and thanh.tran@cnccounsel.com regarding any legal issues or assistance in establishing your business location.
