20 Mar The Effective Period Of Foreign Representative Office License In Vietnam
Based on Decree No.07/2016/ND-CP dated on January 25, 2016 which provides detailed regulations on the establishment, operation, rights and obligations of foreign representative office and branch of foreign traders in Vietnam under the Law on Commerce. Where foreign representative office or branch specializing in fields prescribed by specialized legislative documents, the establishment of such foreign representative offices or branches shall comply with provisions promulgated in the respective specialized requirements, including the effective period of license.
Requirements for grant of Licenses for Foreign Representative Offices in Vietnam
Foreign traders shall be granted Licenses for Representative Offices if they satisfy the following requirements:
- The foreign trader is incorporated and registers for doing business in accordance with provisions of laws of countries or territories being parties to treaties to which Vietnam is a signatory or is recognized by the aforesaid countries or territories;
- The foreign trader has come into operation for at least 01 year from the date of establishment or registration;
- The Certificate of Business Registration or the equivalent document is valid for at least 01 more year from the date of submission of the application;
- The scope of operation of the foreign representative office is consistent with Vietnam’s Commitments to treaties to which Vietnam is a signatory;
Effective periods of Foreign Representative Office License
- The License for Establishment of a representative office or branch shall be valid for 05 years but not exceeding the remaining effective period of the Certificate of Business Registration or the equivalent (for documents having an expiry date);
- The effective period of an extended License for Establishment of the representative office shall be equal to that of the current license.
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