Registration of changing private company owner in case of selling, giving to a company or if business owner is dead or missing

a) Implementation order:                                                                                                                                                                                                                                        

·        In case of the private company owner to sell, give a company or the company owner which is dead or missing; buyer/ donor/ heir has to register to change with private business owner in Business registration office where the enterprise has registered. Registration documents include the documents mentioned in Documents.

b) Implementation method:

·        The buyer/ the donee/ the heir/ authorized person submits registration document of changing contents of Enterprise registration certificate  at the business registration office where the enterprise has registered the head office or the legal representative submits business registration document via Internet under procedures on the National Information Portal of enterprise registration.

·        When receiving notice on change of content of enterprise registration, the Business registration office shall give receipt, check the validity of the documents and issue business registration certificate.

c) Documents:

·        Notice on change of private company owner (Annex II-3, Circular No. 20/2015/TT-BKHDT);

·        Valid copies of one of personal identification documents stipulated in Article 10, Decree No. 78/2015/ND-CP of donee/ heir/ buyer;

·        Purchase contract, donation contract or documents evidencing completion of the transfer in case of giving, selling the private company; a valid copy certifying the heir's lawful inheritance.

d) Number of documents: 01 set.

đ) Time limit for settlement: Within three (03) working days after receiving valid documents

e) Implementing agency: The Business Registration Office – The Department of Planning and Investment.

g) Subjects of administrative procedures: Individuals and organizations.

h) Results of administrative procedures: Business registration certificate/ Notice on amendment and supplement the enterprise registration documents.

i) Fees: 200,000 VND/time (Circular No. 176/2012/TT-BTC) (Payment at time of filling).

k) Name of form, declaration:

·        Notice on change of private company owner (Annex II-3, Circular No. 20/2015/TT-BKHDT);

l) Requirements and conditions for procedure implementation: defined in Article 28, 29, 31 of the Law on Enterprises and Article 47 of Decree No. 78/2015/ND-CP.

m) Legal basis of administrative procedures:

·        The Enterprise Law of the Assembly of the Socialist Republic of Vietnam No. 68/2014/QH13 dated 26/11/2014 (The Enterprise Law);

·        Decree No. 78/2015/ND-CP dated 14/9/2015 of the Government on enterprise registration (Decree No. 78/2015/ND-CP);

·        Circular No. 20/2015/TT-BKHDT dated 01/12/2015 of the Ministry of Planning and Investment guiding the enterprise registration (Circular No. 20/2015/TT-BKHDT);

·        Circular No. 176/2012/TT-BTC dated 23/10/2012 of the Ministry of Finance providing for the collection level, collection regime, payment, management and use of fees of enterprise registration, business household registration and enterprise information supply fee (Circular No. 176/2012/TT-BTC).