Procedures for registration of business
1. The founder of an enterprise shall submit all of the business registration documents as
prescribed by this Law to the competent business registration body and shall be
responsible for the accuracy and truthfulness of the business registration documents.
2. A business registration body shall be responsible for considering the business registration
documents and shall issue a business registration certificate within a time-limit of ten (10)
working days from the date of receipt of such documents; where the business registration
certificate is refused, the founder of the enterprise must be notified in writing. The notice
must specify the reasons and the amendments or additions required.
3. Business registration bodies shall consider and be responsible for the regularity of
business registration documents upon issue of business registration certificates; may not
require the founder of an enterprise to submit additional documents not provided in this
Law.
4. The time-limit for issuance of a business registration certificate attached to a specific
investment project shall be subject to the law on investment