Question
Answer
Temporary suspension of a company in Da Nang, Vietnam ?
Temporary suspension of business:
An enterprise may temporarily suspend its business but must notify the business registration office in writing at the point of time and period of temporary suspension or resumption of its business no later than fifteen (15) days before the date of temporary suspension or of resumption of its business. This provision shall apply in a case where the enterprise resumes its business prior to the notified time- limit.
The business registration office or a competent State agency shall require an enterprise to suspend temporarily its business in any line of business subject to conditions when it discovers that the enterprise fails to satisfy all of the conditions stipulated by law.
During the period of any temporary suspension of business, the enterprise must pay any outstanding taxes, must continue to pay other debts and must complete performance of contracts signed with customers and employees, unless otherwise agreed by the enterprise, creditors, customers and employees (Article 200 Law on Enterprises No. 68/2014/QH13 dated November 26, 2014).
The suspension period must not exceed one year. If the enterprise or its branch/representative office/business location is still suspended after this period, another notification must be sent to Business Registration Office. The total duration of continuous suspension must not exceed two year (Article 57 Decree No. 78/2015/ND-CP date September 14, 2015)./.
DMS Law firm’s services on procedures for temporary suspension of business:
To use our services, please follow instructions given in the link below:
Temporary suspension of business in Da Nang
Contact us:
Phone: 0914 165 703
Email: dmslawfirm@gmail.com
DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son
RELATING ITEMS
Law on Enterprises in Vietnam
The Law on Enterprises deals with the establishment, organization, restructuring, dissolution, and relevant activities of enterprises in Vietnam, including limited liability companies, joint-stock companies, partnerships;
Register massage service business in Da Nang, Vietnam ?
Parent companies, subsidiaries and affiliates ?
Valuation of assets contributed to the charter capital of a company in Vietnam ?
Law firm in Danang, Vietnam advise about law and regulations in case members of an LLC company contribute non-monetary assets to the charter capital ?
Dissolving a 100% FDI company in Da Nang, Vietnam ?
My company is a 100% FDI company in Da Nang, Vietnam and is considering to dissolve, terminate business. Can you provide legal advice, services on shutdown of an enterprise in Da Nang, Vietnam ? What are information and documents needed ? How much is the service cost ?