Consultation for finalizing the dissolution and closure of the company

Within 7 working days from the date of the dissolution decision, the business must submit the dissolution notification dossier to the Business Registration Office where the business is headquartered. After one working day, the Business Registration Office will publish the status as "Business is undergoing dissolution procedures" on the national business registration portal.

Required documents for the dissolution notification procedure:

• Notification of enterprise dissolution according to the form in Decree 01/2021.
• Resolution, decision, and meeting minutes of the Members' Council for limited liability companies with two or more members, partnerships, and of the General Meeting of Shareholders for joint-stock companies; resolution, decision of the company owner for single-member limited liability companies regarding the dissolution of the enterprise.
• Debt settlement plan (if any).

After completing the dissolution decision notification, within 45 working days from the completion of step 1, the business must submit the tax finalization declarations for dissolution (late submission will result in penalties) and contact the social insurance agency to confirm there are no outstanding social insurance payments (if applicable).

After completing step 2 and settling any debts (if any), the business submits the dissolution registration documents to remove the business name to the business registration office where the business is headquartered and completes the procedure to return the company seal to the police if the business was established before 2015.

Components of the dissolution registration dossier:

• Notification of enterprise dissolution according to the form in Decree 01/2021.
• Report on the liquidation of the company's assets; list of creditors and amounts of debts paid, including full payment of tax debts and debts for social insurance, health insurance, unemployment insurance for employees after the decision to dissolve the company (if any).

*Note:

• Before carrying out the dissolution procedures, an enterprise with branches, representative offices, or business locations, if any, must carry out the procedures for terminating the operations of the above-mentioned dependent units. The time limit for implementation depends on The status of the enterprise's legal documents to finalize and complete tax obligations.
• Enterprises must be responsible for debts and other financial obligations (if any). If after the enterprise has completed dissolution and erased the enterprise's name, but the previous debts have not been completed, the creditor will still be responsible for paying the debt.

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