The requirements for establishing of business location

Establishment of business locations

1. Requirements for the name of the business location

• According to Article 20 of Decree No. 01/2021/ND-CP, the name of the business location shall comply with Article 40 of Law on Enterprises 2020. Precisely:

• Names of branches, representative offices, and business locations shall comply with Article 40 of the Law on Enterprises. 

• Apart from the Vietnamese name, the enterprise’s branch, representative office, or business location may register a name in the foreign language and an abbreviated name. The foreign language name is the name translated from the Vietnamese name into one of the Latin-based languages. The abbreviated name may be an abbreviation of either a Vietnamese name or a foreign language name. 

• The phrase “company” or “enterprise” must not be used as part of the name of the enterprise’s branch, representative office, or business location. 

• The name of the business location must be written or attached at the headquarter of the business location.

2. Requirements for the place of business location

• The business location of an enterprise may be located outside its headquarters. An enterprise may establish its business location within the province in which its headquarters or branches are located.

• The business location of the enterprise may be located in the same or different province as the headquarters.

3. Requirements for the ID number of the business location of the enterprise

• The ID number of a business location is a series of 5 digits from 00001 to 99999. 

• This number is not the TIN of the business location. 

4. Legal basis

• Law on Enterprise 2020 dated June 17, 2020, of the National Assembly. 

• Decree 01/2021/ND-CP dated January 4, 2021, of the Government on business registration.