What to do if losing the business license? are the dossiers and procedures for re-issuing complicated?

A business license is a legal document that certifies the lawful operation of an individual, or an organization. During business operations, for various reasons, investors may unfortunately lose, damage, or destroy their business licenses. So, what are the disadvantages of losing the business license? What should you do if it’s lost? Are there any fines? How long does it take to reissue a new business license? Where can investors apply for one? The following article by NPLaw will answer all of these questions in detail.

Is there a fine for losing a business license?

Many individuals and organizations are concerned that they may be fined by authorities if their business licenses are lost or damaged. Rest assured, there is no fine for losing the business license.

Some disadvantages of losing the business license

- Losing the business license can cause significant inconvenience, especially when government authorities conduct inspections and require full documentation.

- It may also affect the ability to complete other legal procedures necessary for business operations such as opening bank accounts, applying for loans, registering electricity and water services, telecommunications, etc.

What to do when the business license is lost

As soon as investors discover the loss of the business license, individuals or organizations must prepare and submit a reissuance application to the authority that originally issued the license. This includes a written explanation for the loss of the license.

Since there are many types of business licenses, investors must contact the relevant licensing authority based on the specific type of license that was lost.

Competent authorities to contact for reissuing business licenses

- If investors lose their business licenses for Household Business, contact the Economic Department under the District People's Committee.

- If investors lose their Enterprise Registration Certificates, contact the Business Registration Office under the Department of Planning and Investment of the Province/City.

Application dossier and procedure for reissuing the business license

Here are some important notes to help you understand the required procedures:

For Household Businesses

According to Article 94 of Decree No. 01/2021/ND-CP on enterprise registration, the reissuance application dossier includes:

- Application for reissuance of the Household Business Registration Certificate (Appendix III-6, Circular No. 01/2021/TT-BKHDT);

- Written explanation for the lost license or a confirmation from the police authority verifying the loss (if required);

- Authorization letter or introduction letter for another individual/entity to implement the procedure.

Submit the complete application to the District Business Registration Office where the household business is located. The office will review and issue the new certificate within 3 working days from the date of receiving the complete dossier.

For Enterprises

According to Article 68 of Decree No. 01/2021/ND-CP, the reissuance application dossier includes:

- Application for reissuance of the Enterprise Registration Certificate (Appendix II-18, Circular No. 01/2021/TT-BKHDT);

- Authorization letter or introduction letter for another individual/entity to implement on behalf of the enterprise.

Receiving Authority:

- The Business Registration Office under the Department of Planning and Investment of the province/city where the enterprise’s head office is located.

Processing Time:

- After receiving the application, the Business Registration Office will issue a receipt notice. Within 3 working days, the office will consider reissuing the business license, clearly stating the reissuance date.

If the application is incomplete or does not follow the correct format or procedure, the Business Registration Office will notify the applicant to complete the dossier accordingly.

Business license reissuance services by NPLaw

NPLaw offers affordable, all-inclusive business license services, helping clients obtain a new license in case of loss or irreparable damage.

When using our service, clients only need to prepare their personal information and documents. NPLaw will take care of the entire administrative process on their behalf.

Benefits of choosing NPLaw

Our team of legal specialists and lawyers will provide the following support:

- Legal consultation and guidance on the necessary documents and procedures;

- Drafting the application for reissuance of the business license;

- Submitting the application to the competent authority;

- Receiving and delivering the reissued license directly to the client.

With a team of experienced lawyers and professionals, NPLaw is always ready to provide dedicated support to clients on all matters related to business license issuance and reissuance.

The above is our legal insight on the matter of losing a business license. We hope this article provides helpful information to individuals and organizations seeking legal advice on this issue.

If you are facing difficulties or have questions about the dossier or procedures for reissuing your business license, please don’t hesitate to contact our NPLaw hotline for free consultation and assistance from our legal experts.