Register company name change in Vietnam
Summary: Learn about the process to register company name change in Vietnam, including the required steps, legal regulations, and necessary documents. This comprehensive guide provides details on how to proceed with the registration while ensuring compliance with Vietnamese laws.
Overview of the Process to Register Company Name Change
In Vietnam, changing a company name involves various administrative steps to ensure the new name complies with legal standards. The process is governed by the Vietnam Enterprise Law, which requires companies to follow specific procedures when they wish to update their registered name.
Legal Requirements for Registering Company Name Change
According to Vietnamese law, a company must ensure that its new name is unique and does not conflict with existing company names. Article 37 of the Enterprise Law outlines that the name must not include misleading terms or infringe upon public policy or moral standards. Moreover, the name should clearly represent the type of business the company is conducting.
Unilaw Lawyers can assist in ensuring compliance with these legal standards.
Step-by-Step Guide to Register Company Name Change
Step 1: Verify the Availability of the New Company Name
Before proceeding with a name change, businesses should verify whether the desired new name is available. This can be done via the National Business Registration Portal. The new name must not match or resemble existing company names to avoid legal disputes. Companies can consult the corporate law experts for professional assistance in conducting this verification.
Step 2: Prepare the Necessary Documents
To register a company name change, businesses must prepare specific documents, including:
- A resolution or decision by the board of directors approving the name change
- An application form for company name change
- Revised charter reflecting the new name
These documents must be signed by the legal representative of the company.
Step 3: Submit the Application
Once the required documents are ready, the business must submit them to the Business Registration Office, either through the National Business Registration Portal or directly to the Department of Planning and Investment (DPI) in the province where the company is located. The Business Registration Office will review the application within 3-5 working days.
Step 4: Update the Company’s Legal Records
After receiving approval for the new company name, businesses must update their company’s legal records, including the company’s seal, signage, and any licenses or permits that include the old name. This step is critical to ensure the new name is officially recognized in all legal dealings.
Common Mistakes to Avoid When Registering a Company Name Change
Businesses should be aware of common errors that could delay or complicate the name change process:
- Not verifying name availability, which could result in rejection of the application
- Submitting incomplete or incorrect documents
- Failure to update relevant permits and licenses after the name change is approved
To avoid these issues, it’s recommended to consult with legal experts. You can refer to the Unilaw’s Case Law Blog for insights into legal precedents related to company name changes in Vietnam.
Timeframe for Completing the Process
The timeframe for completing the process to register company name change is approximately 5-7 working days, assuming there are no complications or errors in the application. After submission, the Business Registration Office will confirm receipt of the documents and provide feedback within this period.
Conclusion
Registering a company name change in Vietnam requires careful preparation and compliance with legal requirements. By following the steps outlined above and ensuring all necessary documents are submitted correctly, businesses can smoothly transition to a new company name. For further assistance, consult with Unilaw, which provides expert legal services in company registration and compliance.
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