Authors: Truong Trong Minh – Senior Associate, Vo Thi Anh Nhi – Paralegal.
Dissolving a business is not simply a matter of filing a dossier and waiting for the competent authority to approve it in order to complete the process. In practice, this is a process comprising many procedures that must be carried out in a specific sequence, from adopting the dissolution decision and handling internal obligations, to carrying out procedures with the business registration authority and the tax authority.
In order for the dissolved status to be recorded, an enterprise must complete its related obligations, particularly tax and financial obligations, obligations to employees, and other obligations under the law. Therefore, the dissolution timeline has no fixed benchmark applicable to every enterprise, but instead depends on each enterprise’s actual circumstances and the degree to which its records and obligations have been completed.
Below are the 5 steps in the enterprise dissolution process, compiled by the team of Lawyers and Tax Experts of CDLAF, to help enterprises clearly visualize the sequence of steps to be carried out, limit errors, and be more proactive regarding the time needed to carry out the procedure.
1. Reviewing, assessing, and evaluating the initial records
CDLAF carries out a review and assessment of the company’s legal records and the status of its compliance with legal, accounting, and tax obligations, in order to determine an appropriate plan and roadmap suited to the enterprise’s actual situation.
2. Filing the dissolution notice with the business registration authority
Within 07 working days from the date the resolution/decision is adopted, the enterprise is required to send the dissolution notice to the Department of Finance.
After receiving the dossier, the Department of Finance will publicly disclose the enterprise’s information as “Undergoing dissolution procedure” on the National Business Registration Portal.
CDLAF drafts the entire dossier, the dissolution decision, and other necessary documents to notify the dissolution of the enterprise to the Business Registration Office – Department of Finance, officially commencing the dissolution process.
3. Advising on organizing the liquidation of assets to pay debts and financial obligations to employees
The enterprise proceeds to liquidate its assets to determine the source of funds for paying debts, under the direct supervision of the business owner.
CDLAF advises on organizing and carrying out the liquidation of assets, resolving outstanding debts, while also terminating labor contracts and ensuring the full entitlements of employees.
4. Completing tax obligations and the procedure to close the tax code at the Tax authority
This is one of the important steps in the enterprise dissolution process. The enterprise needs to carry out the procedure to terminate the validity of its tax code, complete its tax declaration and tax reporting obligations and other related financial obligations, and at the same time carry out tax finalization and reconciliation of tax obligations with the Tax authority.
After the Tax authority determines that the enterprise has completed its tax obligations and there are no remaining issues to be resolved relating to the tax code, the Tax authority will carry out the procedure to terminate the validity of the tax code and update the status on the tax management system in accordance with the regulations.
CDLAF represents the enterprise in working with the tax authority to complete the tax finalization process, fulfill the tax obligations, carry out the procedure to close the tax code, and obtain confirmation of completion of the tax obligations.
5. Filing the dossier to carry out the dissolution procedure
Within 05 working days from the date all debts have been paid off and tax obligations have been completed, the enterprise sends the official dissolution registration dossier to the Business Registration Office. The dossier includes: the Dissolution Notice, the Asset Liquidation Report, and the list of creditors that have been paid.
Within 05 working days of receiving a complete and valid dossier, the Department of Finance will change the enterprise’s legal status to “Dissolved, bankrupt, ceased to exist”. From this point, the enterprise’s lawful legal-entity status is terminated.
CDLAF drafts and files the dossier notifying completion of all financial obligations relating to the dissolution of the enterprise with the Business Registration Office, receives the result, and officially completes the entire dissolution process.
In practice, not a few enterprises that carry out the process themselves have faced difficulties: prolonged tax finalization due to inconsistent bookkeeping data across the years, or dossiers that are incomplete or not prepared in the proper sequence required by the regulations. The result is that the processing time is prolonged, wasting time and creating unnecessary additional costs for the enterprise.
Consultancy & implementation of enterprise dissolution procedures service at CDLAF
CDLAF Law Firm supports enterprises to carry out dissolution procedures in a legally safe manner and on schedule, including:
- Reviewing and assessing the legal status, tax obligations, debts and asset liquidation plan of the enterprise before dissolution; proposing appropriate plans and roadmaps for each enterprise.
- Drafting dossiers, representing the enterprise to work with competent state agencies during the dissolution process.
- Advising on legal situations arising during the dissolution process.
📩 BOOK A CONSULTATION WITH CDLAF’S LEGAL TEAM
Do not let procedural errors disrupt your business plans. Contact CDLAF today to receive a preliminary risk assessment from our team of Lawyers:
Hotline/Zalo: [+84 909 668 216]
Email: info@cdlaf.vn
Why choose CDLAF’s service?
- We provide effective and comprehensive legal solutions that help you save money and maintain compliance in your business;
- We continue to monitor your legal matters even after the service is completed and update you when there are any changes in the Vietnamese legal system;
- Our system of forms and processes related to labor and personnel is continuously built and updated and will be provided as soon as the customer requests it;
- As a Vietnamese law firm, we have a thorough understanding of Vietnam’s legal regulations, and grasp the psychology of employees, employers, and working methods at competent authorities;
- CDLAF’s team of lawyers has many years of experience in the field of labor and enterprises, as well as human resources and financial advisory.
- Strict information security procedures throughout the service performance and even after the service is completed.
You can refer for more information:
-
- Dissolution; Suspension of Operations; “Neglection” of the Company: Which Option Is More Appropriate?
- Abandoning an Inactive Company Without Dissolving It — Will There Be Penalties?
- Latest procedures and dossiers for enterprise dissolution in 2026
- Businesses Before Decree No. 341/2026/ND-CP: When Is a Civil Cryptography License Mandatory, and Which 12 Groups of Devices Are Subject to Relaxed Requirements?
- Transferring Employees to Perform Other Works: Key Considerations for Enterprises
