BUSINESS COMPLIANCE ADVISORY SERVICES IN VIETNAM

Vietnam-based representative office of a foreign investor means a dependent unit, a lawful office in Vietnam, allowed to recruit staff to manage and promote sale contracts with local business partners, research and develop products, seeking opportunities for the purchase or sale of goods and provision of services. A foreign representative office is a simple form of investment in Vietnam to enhance business from overseas, with multiple advantages while fewer risks regarding the required business compliance procedures such as investment capital, tax, accounting, and auditing. And it is easy to be extended or terminated or dissolved. The expatriate employees who work for representative office can obtain work permit and two years multiple visa (temporary residence card) for themselves and their family in Vietnam.

WHEREAS

• Any enterprise in Vietnam shall be complied to local laws and regulations including commercial, tax, accounting, labor, investment…
• There are daily mandatory procedures on tax management, payrolls, compulsory insurances, accounting, finance, contracts, disputes and lawsuit cases… the CEOs have to make their decisions.
• Many investors have been paying for the same lessons due to violations with local business laws and regulations.
• Many investors are looking for a one stop solution: Professional person in charge and representative – Local expertises – Plenty and instant solutions – Long term relationship – Back office with full teams and resources…

VIVA is the business consultant who specializes in local business compliance procedures  since 2006.  Our exclusive service in Vietnam is consistent of practice expertise in business laws – employment relations – tax and accounting –corporate finance – Internal management and internal audit.

We have been continuously trusted thousands of leading companies from Japan, US, EU, Singapore, India, China, Korea…. in such industries: Garment, energy, pharma, advertising, agricultural… Our signature in every service we do is bespoke manner, one stop solution, valued by final result, optimal and over expectation thanks for our powerful practical expertise and business resources.

OUR MONTHLY ADVISORY SERVICE SCOPES

Hand in hand for daily operation service – Chief of Operation Officer service

General corporate and commercial advisory

• Advise on all aspects of general corporate and commercial law including drafting of contracts/agreements.
• Advise on the legal and regulatory requirements / practical cases for operating in Vietnam in most industries: Tax – Accounting – Finance – Audit – Labor – Investment – Compliance Administration…
• Legal due diligence and deals support advisory
• Hand in hand in deals advisory, provide comprehensive transaction services including structuring advice, legal due diligence investigations, preparation of transaction documentation and other deal support services.
• Analyze all the transactions actually occurred. Classification of the transactions and establish relationships inside and outside of each transaction. Revise and complete the dossier for each transaction and follow up the report with current regulations and policies of the company.

Manage employment relations

• Employee profile, Performance of labor contracts, Modification, supplementation and termination of labor contracts, Wages/Payroll procedures, working time and rest time, Labor discipline and material responsibilities, Compulsory social insurance – Trade unions – Personal income tax, Update and apply for new regulations from the authorities.
• Setting up standard and rules to guarantee all labor transactions meet full legal requirements and guarantee for optimal payable amount of Social & Health Insurance, personal income tax. Setting up process and forms, guide every department and person in the company to follow the requirements. Setting up system of standard folder to manage the business records as lawful proves for each transaction. Prepare labor contract and manage all the compliance labor registration / labor update, reports to submit, explain, negotiate at authorities. On behalf of the company to settle any issue from the authorities accordingly. On behalf of customer to explain and settle any query or complain from employees. On behalf of customer to explain and settle any requirement from related authorities.

Legal compliance/Company secretarial

• We keep you up to date on developments in legislation that may affect the businesses and assist you with legal compliance requirements and company secretarial matters.
• Consulting for all others administrative procedures and on representative on behalf of client for any requirement from state agencies.
• Department of: Industry and Trade, Culture, Sports and Tourism, Natural Resources and Environment, Transportation, Education and Training, Science and Technology, Planning and Investment, Foreign Affairs, Tax Bureau, Agriculture and Rural Development, Labor & Invalids and Social Affairs, Justice, Construction, Investment and Trade Promotion Center, Customs Bureau, Statistics Bureau…

Typical required compliance procedures

• International and Domestic Investment.
• Deal, Investment, M&A.
• Tax management
• Business Licenses, Administration.
• Daily Regulatory Affairs.

Stakeholder management

• Banks, Financial Institutions.
• State Agencies, Government.
• Customer Relationship.
• Dispute, Corporate Rights.

Internal control, process management

• Organizational Structure & Process.
• Business Record Management.
• Shareholders Roles and Duties.
• Internal Labor Regulations.
• HR Management.
• Internal Audit.

Internal audit for business compliance procedures

• Audit for required business records, compliance reports, lawful invoices and documents regarding to: Business licenses; Tax management; Accounting and financial statements; Employment relations; other business administration procedures and requirements by laws.
• Identify any violation, exist and potential risk with correction actions.
• Prepare management letter to the Board of directors.

OUR SERVICE FEES

• • Unlimited in query or question via email, telephone, mobile phone.
  • Unlimited video meeting with our expertises in tax, accounting, employment, business laws and regulations.
  • Monthly management letter about new laws and regulations and related matters.
  • Hours of visiting and meeting with our CEO and Senior consultant for actual cases.

Our expert knowledge and very practical experienced in local business culture as well local regulations, we can meet every of your expectation in a tailored and bespoke manner. We look forward to serving and deliver the best business services for you, as what we have been doing to our loyal clients since 2006.

Please contact our expertises should you have any further query about the conditions, required papers and procedures.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

Thanks to a unique combination of local expertise and global experiences, VIVA BUSINESS CONSULTING is the one-stop solution for the required compliance procedures in Vietnam for foreign investors and experts. We are still here since 2006s because of our thousands of satisfied clients and our employees. Our staying power is a testament to the professional resources, and so much more.