Shutdown or dissolution of a Vietnam-based representative office or branch of a foreign trader is a legal procedure to terminate any activity, terminate the existing and license of a dependent unit of the foreign trader in Vietnam. Procedures for shutdown or dissolution of a representative office are more and more strict and complicated in comparison to registration procedures:
CASES OF SHUTDOWN OR DISSOLUTION OF FOREIGN REPRESENTATIVE OFFICES OR BRANCHES
- A representative office or branch shall be shut down if:
- It is requested by its head office;
- The foreign trader ceases to operate according to laws of the country or territory in which such foreign trader is established or registered.
- The License for Establishment of the representative office or branch is expired but its head office does not apply for an extension of the license.
- The licensing agency refuses to grant an extension of the expired License for Establishment of the representative office or branch.
- The License for Establishment of the branch or representative office is revoked as prescribed in cases of failure to come into operation for 01 year and failure to enter into transactions with licensing agencies or failure to submit reports on the operation of the representative office or branch for 02 consecutive years or failure to submit reports to the licensing agency within 06 months from the deadline of submission or at the written request of the licensing agency.
VIVA Business Consulting has successfully provided service of consulting and shutdown or dissolution of foreign representative offices or branches in Vietnam for thousands of brands in lawful and optimal manners.
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