Law on Enterprises 2014, Law No. 68/2014/QH13

FROM JULY, 2015, ENTERPRISES MAY DECIDE ON THE APPEARANCE, QUANTITY OF SEAL

From July 01, 2015, enterprises may decide on the appearance, quantity and content of seal and before using a seal, an enterprise shall notify the seal specimen to the business registration agency for publicly posting on the national enterprise registration portal. These are significant contents as prescribed under the Law No. 68/2014/QH13 on Enterprises approved by the National Assembly on November 16, 2014.

Under this law, limited liability companies and joint stock companies may have one or more than one at-law representative, of which at  least  one  at-law  representative resides in Vietnam. An enterprise shall ensure that at least one at-law representative resides in Vietnam. In case an enterprise has only one at-law representative, such  person  must  reside  in  Vietnam  and  shall,  upon  leaving  Vietnam, authorize in writing another person to exercise the rights and perform the obligations of the at-law representative.

Another significant point is regulation on omission of business sectors in enterprise registration certificate. From July 01, 2015, enterprise name and identification number, head office address of the enterprise; charter capital and information of the at-law representative of the enterprise, information of the general partners for partnerships; of the enterprise owner for private enterprises… The at-law representative of an enterprise shall register the changes in the contents of the enterprise registration certificate within 10 working days after making the changes. After being granted an enterprise registration certificate, an enterprise shall publicly announce the enterprise registration on the National Enterprise Registration Portal within 30 days.

Especially, The Law also stressed, from July 01, 2015, business households that use 10 employees or more must carry out enterprise registration; for small-scale business households, the business registration and operation must comply with the regulations of the Government.