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.
Adjustment of license of your office in some cases needs to be proper and on time. Fail to adjust the license in line with the local laws and regulations may lead to serious violations and penalties which may impact your operation history.
FOREIGN REPRESENTATIVE OFFICES SHALL APPLY FOR ADJUSTMENT OF LICENSE IN THE FOLLOWING CASES
- Changes in the name or location of the head office of a representative office.
- Replacement of the head of the representative office or personal information of the head of the representative office in the license.
- Changes in the name of the representative office.
- Changes in the operations of representative offices.
- Change in the location of the representative office.
There are many reasons may prevent you to adjust the license properly, and you should prepare in advance and take time to prepare for the papers and dossiers for the adjustments. Expertises can identify every legal requirement/manage for the full procedures/representative of you for any query or requirement from the competent state agencies… Your office license will be updated, adjust the license in a smooth and efficient manner:
- Prepare required papers according to our checklist.
- Sign and stamp the dossiers.
- Wait and receive successful result from us within 15 days.
For any queries or cases relating to adjustment of license for establishment of representative office in Vietnam, please contact us for tailored solutions and procedures.
ABOUT VIVA BUSINESS CONSULTING
The local expert for local business procedures in Vietnam since 2006
VIVA is the famous expert in Vietnam market entry procedures, tax management, employment relations, corporate finance and local business procedures at local competent state agencies.
VIVA focuses on business compliance, since 2006, we keep supporting local and FDI enterprises in fully complying with local business laws and regulations, in effective and optimal ways, identifying and preventing most of the common risks in advance.
VIVA BUSINESS CONSULTING, the one-stop solution for foreign investors and experts in Vietnam about the required business compliance procedures, based on our unique combination of local expertise and global experiences. Our staying power is thanks to our deep insights, and consistent backgrounds and practice in local business laws and regulations.
VIVA is proudly a 100% Vietnamese consulting company and has been chosen by thousands of investors and FDI companies as their confident partner and successful business in Vietnam. We are still here, since 2006 because of our thousands of satisfied clients and our employees. Our staying power is a testament to the professional resources, and so much more.
VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.
The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.
- An email and a phone call from us
- A copy of our Confidentiality Commitment
- An appointment with our experts
- A suitable solution for your concern
“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”
Read more:
- 03 cases that office license shall be changed
- Cases of adjustments to licenses for establishment
- Cases of re-grant of licenses for establishment
- The effective period of foreign representative office license in Vietnam
- Conditions for being granted licenses to set up representative offices in Vietnam
- Grant licenses to set up representative offices in Vietnam for foreign insurance brokers
- Extending representative offices license: what you need to know
- Compliance procedures for license of foreign representative office in Vietnam
