Since the law on investment and the law on enterprise issued in late 2014, mostly from 1st July 2015, the time the laws came into effect, we have been receiving a questions from many clients, investors and people interested in the changes of the laws, that according to the new laws, business activities of enterprises must not be applied nor registered at any State body but every company allowed to do whatever they want. Our explanation under here would help you to understand the case:
According to point 3, Article 24 of the law on enterprise regulating the contents of registration letter for enterprise establishment, business activities of the company must be written in the letter.
According to point 1b, Article 25 of the law regulating the contents of Charter of a company, Business activities must be included in the charter to be registered.
Under Article 32 of the law regulating that enterprise must conduct procedure of Business registration for change of any content written in the Business registration certificate, Business activities is included in.
So, in conclusion, it is not true that a company is allowed to do anything without registration.
The matter here is why the rumor was raised. In reviewing the law and from our actual experience, the answer is:
Under Article 29 of the Law regulating the contents of Business registration certificate, in which the Business activities do not included in.
The difference here is that enterprises register business activities in their registration but don’t receive the certificate with printed business activities.
According to Article 33 of the law, a procedure of announcement of business registration certificate on the National Information Gate of Enterprise business registration must be done by the enterprises, the Business activities are included in such announcement. So, all the information on an enterprise would be disclosed on the Gate. This procedure must be conducted right after receiving the certificate and to be completed by a confirming letter from State body within 3 working days.