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FOREIGN REPRESENTATIVE OFFICES IN VIETNAM
CASES OF ADJUSTMENTS TO LICENSES FOR ESTABLISHMENT

FOREIGN REPRESENTATIVE OFFICES IN VIETNAM
CASES OF ADJUSTMENTS TO LICENSES FOR ESTABLISHMENT

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

foreign representative office in Vietnam: cases adjustment licenses establishment

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.

The foreign representative office in Vietnam is a dependent unit supporting business operations of the parent company, which is allowed to do basic business activities such as open a resident office, recruit employees, manage and promote local business contracts, market research., etc.

Properly managing the required procedures on Licenses for Establishment of representative offices will help to avoid serious violations and penalties, and keep your good standing in Vietnam with more business incentives in futures.

CASES AND WHEN FOREIGN TRADERS SHALL APPLY FOR ADJUSTMENTS OF THE LICENSES FOR ESTABLISHMENT?

  1. Changes in the name or location of the head office of a foreign trader.
  2. Replacement of the head of the representative office.
  3. Changes in the name of the representative office.
  4. Changes in the operations of representative offices
  5. Changes in the location of the representative office.

WHAT ARE THE CONTENT OF APPLICATIONS FOR ADJUSTMENTS OF THE LICENSES FOR ESTABLISHMENT ?

  1. An application form for adjustments to the License for Establishment of the representative office using the form promulgated by the Ministry of Industry and signed by a competent representative of the foreign trader.
  2. The original License for Establishment of the branch or representative office.
  3. Documents as proof of adjustments. To be specified :
    • With regard to adjustments specified in name or location of the head office of a foreign trader: copies of legal documents as proof of changes in the name or location of the head office of a foreign trader are released by competent authorities.
    • With regard to adjustments specified in head of the representative office: a letter of appointment of the new head of the representative office; copies of the passport or ID card (for Vietnamese) or copies of the passport (for foreigners) of the new head of the representative office; proof of fulfillment of personal income tax liabilities of the former head of the representative office at the time of changes.
    • With regard to adjustments specified in the location of the representative office: copies of memorandum of understanding (MOU) or leasing agreements or documents as proof of the right to use a location as the representative office or branch; copies of documents on the expected locations of the representative office or branch under Article 28 hereof and provisions of relevant laws.
    • Depending on case, the documents as proof of changes shall be translated into Vietnamese and certified true and shall be certified or legalized by overseas diplomatic missions or Consulates of Vietnam in accordance with laws of Vietnam.

 

Contact our professional for any of your further queries regarding:

  1. What is a foreign representative office in Vietnam?
  2. How to establish?
  3. What are the required compliances by laws?
  4. Risk management during office operation in Vietnam
  5. How to close or transform in to subsidiary?

VIVA Business Consulting is the unique local expertise who has comprehensive knowledge and business resources that ensure for your representative office in Vietnam fully complied with local laws and regulations at every beginning, at any local competent state agencies.

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.

 

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.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

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