UPDATING NEW PASSPORT OF LEGAL REPRESENTATIVE ON BUSINESS REGISTRATION CERTIFICATE IN VIETNAM 2024

LAW ON ENTERPRISES (2020)

DECREE 70/2023/ND-CP ON WORK PERMITS

• Establishes the legal framework for establishing and managing businesses in Vietnam, including foreign-owned companies.
• Defines the concept of a "legal representative" who acts on behalf of the company. (Article 14)
• Mandates companies to register any changes to information on their Business Registration Certificate, including updates to the legal representative's details. (Article 28 and Article 30 Clause 1)

• Focuses specifically on foreign workers in Vietnam, outlining regulations for obtaining work permits, exemptions, and management of foreign labor by businesses.
• Doesn't replace the Law on Enterprises but acts as a more detailed regulation specific to foreign worker employment.
• Companies established under the Law on Enterprises can utilize Decree 70/2023/ND-CP to understand the process of hiring foreign workers and ensure they comply with legal requirements for work permits.

NO.

LIST OF DOCUMENTS

HOW TO PREPARE

QUANTITY

1

Form Notice on Supplementing and updating business registration information

Sign & Seal

1 set

2

Power of Attorney

Sign & Seal

1 set

3

New Passport of the Legal Representative

Notarized true copy

1 set

4

Current Business Registration of the Company

Original

1 set

NO.

LIST OF DOCUMENTS

HOW TO PREPARE

QUANTITY

1

Form Decision of the Company Owner on Changing New Legal Representative

Sign & Seal

1 set

2

Form Notice on Changing the Company Legal Representative

Sign & Seal

1 set

3

Form Notice on Supplementing and updating business registration information

Sign & Seal

1 set

4

Power of Attorney

Sign & Seal

1 set

5

Passport of the New Legal Representative

Notarized true copy

1 set

6

Current Business Registration of the Company

Original

1 set

Step to follow

• Step 1: Prepare complete documents according to the checklist above
• Step 2: Submit documents to the Department of Planning and Investment Registration where you registered to open a company according to one of the submission forms below.
• Step 3: Wait for results

Submission method

A business license can be obtained by one of the following three methods:

• Apply online via the National Information Portal;
• Send paperwork by mail indirectly through the VNPost postal service;
• Send your application straight to the Department of Planning and Investment's Business Registration Office - Applicable to localities that do not require online submission

Competent authority

 Department of Planning and Investment

Processing time

Within 3 working days from the date of receiving the application, the Department of Planning and Investment will review the application and process as follows:

• If the application is meeting all requirements: the Department issues the business license and notifies the company about the license issuance;
• If the dossier is not meeting all requirements: The Department sends a notice of request to amend or supplement the dossier. At that time, you need to amend the application as required and resubmit according to the instructions above.