In Vietnam: "What is the definition of "permanent residence"? What is the definition of "mailing residence"?

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Question date: 27/09/2022

In Vietnam: " What is the definition of "permanent residence"? What is the definition of "mailing residence"? I am going to register my enterprise, and I woud like to know some information about permanent residence, mailing residence. Thank you!

    • "What is the definition of "permanent residence"? What is the definition of "mailing residence"?

      In the past, as prescribed in the Law on Enterprises in 2014, permanent residence means the address of the organization’s headquarter or address of the individual’s permanent residence, workplace, or another location that is registered by such person with the enterprise as contact.

      However, currently, as prescribed in the Law on Enterprises in 2020, the term "permanent residence" has been replaced by "mailing residence". Mailing address means the address registered as the headquarters of an organization; the permanent residence, working place or another address of an individual that is registered as mailing address with an enterprise.

      What are content of the enterprise registration application form in Vietnam?

      The following information shall be provided in the enterprise registration application form:

      - The enterprise’s name;

      - The enterprise’s headquarters, phone number, fax number, email address (if any);

      - The enterprise’s business lines;

      - The charter capital (or investment capital if the enterprise is a sole proprietorship);

      - Types of shares, face value of each type and total authorized shares of each type if the enterprise is a joint stock company;

      - Tax registration information;

      - Expected quantity of employees;

      - Full name, signature, mailing address, nationality and legal documents of each partner (for partnerships) or the owner (for sole proprietorships);

      - Full name, signature, mailing address, nationality and legal documents of the legal representative (for limited liability companies and joint stock companies).

      Procedures for enterprise registration in Vietnam

      1. The enterprise’s founder or the authorized person shall apply for enterprise registration at the business registration authority as follows:

      a) Direct application at the business registration authority;

      b) Submission of the application by post;

      c) Online enterprise registration.

      2. Online enterprise registration means the enterprise’s founder submitting the electronic enterprise registration application to the National Enterprise Registration Portal. An electronic enterprise registration application shall contain the information prescribed in this Law and has the same legal value as a physical one.

      3. Applicants may choose between digital signatures and business registration accounts for online enterprise registration.

      4. A business registration account means an account created by the National Enterprise Registration Information System for an individual to apply for online enterprise registration. The account holder is legally responsible for the obtainment and use of the account for online enterprise registration.

      5. Within 03 working days from the receipt of the application, the business registration authority shall consider the validity of the application and decide whether to issue enterprise registration. The business registration authority shall inform the applicant of necessary supplementation in writing if the application is invalid or inform the applicant and provide explanation if the application is rejected.

      6. The Government shall provide detailed regulations on documentation and interconnected procedures for enterprise registration.

      Best regards!

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    "This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts"

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