HOW TO ESTABLISH A REPRESENTATIVE OFFICE IN VIETNAM

HOW TO ESTABLISH A REPRESENTATIVE OFFICE IN VIETNAM

Establishing a representative office in Vietnam is a recognized and legitimate option for foreign investors seeking to explore and expand their presence in the Vietnamese market. In recent years, the number of investors choosing this form has grown steadily due to its relatively simple setup and strategic advantages. This article provides an overview of the process of setting up a representative office in Vietnam, focusing on the key requirements, necessary documentation, and step-by-step procedures involved.

Prospective clients seeking assistance with procedures for establishing a representative office in Vietnam are kindly invited to contact Dai Quang Minh Law Firm via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.

In addition, Dai Quang Minh Law Firm provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.

Contact:

- Zalo: 0932.191.299

- Gmail: info@quangminhlawfirm.com

- Viber: (+84) 337926405/ (+84) 869672216

- WhatsApp: (+84) 337926405/ (+84) 869672216

- Wechat: (+84) 337926405 (ID: _pouniverse)/ (+84) 869672216 (ID: DQM_Verna)

- Telegram: (+84) 337926405/ (+84) 869672216

I. What is representative office in vietnam (RO)?

According to Vietnam’s laws, a representative office (RO) is not permitted to perform any activities generating profit or any trade activities. The establishment of a RO is not considered as a legal commercial presence in Vietnam. For more detail, please refer to the scope of permissible activities of a RO:

- Operating as liaison office.

- Promoting the cooperation projects of foreign company in Vietnam.

- Researching market to push up chances to purchase commodities, supply and consume commercial services of foreign businesses in Vietnam.

- Supervising the implementation of foreign company’ contracts signed with Vietnamese partners or related to the Vietnamese market..

II. What are advantages of opening representative office in Vietnam

In spite of the limited operational scope, the establishment of representative office in Vietnam will provide the following advantages:

- Easier to establish and register compared to a subsidiary company.

- No requirement for minimum paid up capital and other legal requirements.

- The representative office can decisively control the employees, manage the business and trading in Vietnam and can do many works other than liaison.

- Regarding tax obligations, no taxes are applicable to RO’ s operations, besides the personal income tax payable by their staff.

III. How long does it take to open representative office in Vietnam

- Applying the License for the representative office: 25 working days

- Applying for the seal of the representative office: 05 working days

- Applying for the tax code of the representative office: 05 working days

- Publication of the RO’s establishment: 5 days.

IV. What are required documents to open representative office in Vietnam

In order to open representative office in Vietnam, a license issued by a competent authority is required. In addition to the condition that the parent company must operate for at least 01 year in original country prior to setting up representative in Vietnam, the required documents for the application for obtaining such license include:

- Corporate Charter or Memorandum and Articles of Association of EABS

- Business License

- Audited Financial Statement of EABS for the most recent year

- Introduction of History of your company

- Passport of person appointed to be Chief of Representative Office

- Resume of person appointed to be Chief of Representative Office

- Internal rule and organization of the representative office in Vietnam

- In-principle Office Lease Contract for proposed Representative Office

- Documents for proving right of Lessor over to leased Office (Investment Certificate or Certificate of Business Registration of the Landlord, Construction Permit of the building)

V. What is term of license of representative office in Vietnam

The license shall be valid for five years and can be renewed. In such case of renewal, an application shall be submitted at least thirty days prior to the due date.

VI. Why choose Dai Quang Minh LawFirm

With years of practical experience in legal consulting, Dai Quang Minh Law Firm is a pioneer in corporate support services, specializing in fast and affordable company formation. Below are the reasons to choose business registration services at Dai Quang Minh Law Office:

Human Resources: Established in September 2009, with over 15 years of practical experience, Dai Quang Minh Law Firm brings together a team of lawyers and legal experts with long-standing expertise in private economic groups nationwide.

Consulting Policy: Clients are gifted a completely free legal consulting package when using services at Dai Quang Minh Law Firm.

Professionalism and Experience: Dai Quang Minh Law Firm has a workforce with in-depth knowledge of business formation, ensuring a swift and accurate consulting process.

Time-Saving: Using Dai Quang Minh Law Firm's services helps you save precious time as we handle the entire process and related procedures.

Legal Insight: Dai Quang Minh Law Firm ensures that all relevant legal regulations are strictly followed in accordance with the law.

Customization: Our consulting services are highly adaptable to your specific needs, allowing you to choose options suitable for your business.

Trusted Partner: Dai Quang Minh Law Firm has built a reputation for providing affordable business setup consulting to many enterprises and individuals nationwide.

Confidentiality Assurance: Dai Quang Minh Law Firm is committed to the absolute protection of your personal and business information.

Detailed Support: Dai Quang Minh Law Firm provides detailed advice and support regarding the process and requirements to help you better understand business formation.

Process Optimization: Our consulting helps optimize the business setup process, minimizing potential risks and difficulties.

Excellent Customer Experience: Dai Quang Minh Law Firm is dedicated to providing the best customer experience through professional advice and enthusiastic support.

Focus on Business Plans: By utilizing our registration services, you can focus on developing your business plans and core activities instead of worrying about legal procedures.