Dear our valued Clients,
With the Guide book of “Foreign Representative Offices in Vietnam – What you need to know”, we would like to share our knowhow and practical experiences in compliance procedures for a foreign representative offices in Viet Nam according to local business regulations and culture.
The handbook is presented in three main ideas:
- Establishment of representative office.
- Compliance procedures during the operation period.
- Managing compliance procedures for expats who are working in Vietnam.
- Closuring representative office risks management.
- How to transform from a representative office to a subsidiary.
- And our exclusive advices: the basic cost and how to optimize of maintaining a representative office in Vietnam | rights and obligations of the chief of representative office | differences between a representative office and a FDI company.
Foreign representative office in Vietnam is a dependent unit supporting business operations of the parent company, which is allowed to recruit employees to manage and promote local business contracts, market research… etc.
The advantages are: no Value Added Tax, Corporate Income Tax, Accounting, Financial statements, no independent audit required … and easy to extend, terminate or dissolve when necessary.
However, representative office in Viet Nam still has to strictly follow local regulations and procedures. In fact, many representative offices have been paying for expensive lessons due to their inadequate systematic and thorough understanding of the local laws and regulations.
We hope this handbook can bring useful information that you can identify, prevent the risks and do the right things first time. And we also hope, if it is helpful, you can share this handbook with your friends or investors from your home country who are coming to Vietnam.
Our handbook is completely free as our thanks for the business community who have been supporting us for more than 10 years. We are very appreciated if you can send some feedback that help our next edition become more interesting and useful for your business.
Read more:
- Foreign representative offices in Vietnam – what you need to know
- Extending representative offices license – what you need to know
- Annual operation reports for foreign representative offices
- Foreign representative offices in Vietnam – how to manage the annual operation reports
- Manage employment relations in Vietnam
- Foreign representative office in Vietnam – manage the cashflow and required compliances
- Foreign representative offices in Vietnam – cashbook and lawful invoices for tax inspection
- Foreign representative office in Vietnam – tax final settlement and tax completion certificate
- Chief of representative office or head of branch in vietnam – roles and responsibilities
- Representative office or subsidiary or branch? How to transform business models in Vietnam
