Set Up Representative Office In Vietnam, Korean Investors Poured Capital Into Vietnam Banks Set Up Representative Office In Vietnam

April 3 2019 at 236 pm hi we are looking to set up a local rep office in vietnam our office is headquartered in the us with sea office in singapore.

Post office on western. And have a seal bearing the name of the representative office. Hereinafter we shall advise you on the procedure for setting up a ro in viet nam. What are the procedures of setting up a representative office.

Getting the license for establishment of ro. There are four steps that need to fulfilled to set up a representative office and operate legally. Registering the seal sample and tax code.

Notification of operation of representative office. Representative office is established by foreign entities to help them liaise implement research activities provide information and support them in seeking new partners as well as having understanding of the new market. Set up representative office in vietnam vietnamese government has issued new regulations on foreign representative offices and branch offices in vietnam the new regulations require a foreign company applying for a representative office or branch office license to submit a copy of its business registration certificate or the equivalent in accordance with the laws of the home country.

Obtain the representative office stamp. Submit the chief representatives income tax and labour declaration. To establish a representative office in vietnam foreign companies are required to file the following documents with the relevant licensing authority.

We would like to enquire the process costs and documents required to do so. An application in a standard form the application must be made in vietnamese language or in both vietnamese and another widely used language. Setting up a representative office in vietnam can be considered a legally convenient process due to its somewhat simple structure.

Obtain the main license. The representative office must officially commence its operation and notify in writing the provincialmunicipal trade service of the commencement of its operation at the registered head office. Publish on three consecutive issues of a printed or online newspaper licensed in vietnam.

However even with this dependable entity form there are a few restrictions for the applicant to consider for example the parent company must have been operating for at least one year before it is possible to set up a representative office. While the vietnam representative office can be 100 foreign owned it is not allowed to pursue production related or commercial activities in vietnam. Obtain the operation license.

According to vietnam laws representative office is a dependent unit representing the foreign entitys interests in vietnam. Representative office of a foreign business entity in vietnam referred as representative office means a subsidiary unit of the foreign business entity established in accordance with the law of vietnam in order to survey markets and to undertake a number of commercial enhancement activities permitted by the law of vietnam. Representative office will need to apply and obtain the establishment license.