Cases of Re-Grant License of Representative Office

Danh mục nội dung

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.

CASES OF RE-GRANT OF LICENSE FOR ESTABLISHMENT OF BRANCHES OR REPRESENTATIVE OFFICES

You shall apply for re-grant of the License for Establishment of branches or representative offices in the following cases:

If your representative office relocates to another province or territory within the administration of another Management Board.
If The Licenses for Establishment of representative office or branch is lost, damaged or destroyed in any form or shape.

APPLICATIONS FOR RE-GRANT OF LICENSES FOR ESTABLISHMENT OF BRANCHES OR REPRESENTATIVE OFFICES

1. An application for re-grant of the license of establishment of a representative office specified in case representative relocates to another province or territory within the administration of another Management Board.

An application form for re-grant of the License for Establishment of the representative office using the form promulgated by the Ministry of Industry and Trade and signed by a competent representative of the foreign trader.
An announcement of shutdown of the representative office submitted to the licensing agency in which the representative office is currently located which is in line with the notification of shutdown of the representative office or branch using the form issued by the Ministry of Industry and Trade and signed by a competent representative of the foreign trader.
Copies of the existing License for Establishment of representative office.
Copies of documents on the expected location of the representative office in form of Memorandum of understanding (MOU) or leasing agreements or documents as proof of the right to use the new location as the representative office (Representative offices shall be headquartered at locations that satisfy requirements for security, occupational hygiene and safety and others stipulated in laws of Vietnam. Please provide lawful dossiers of land and house using certificate of the landlord to prove for the location)

2. An application for re-grant of the license of establishment of representative office prescribed in case The Licenses for Establishment of the branch or representative office is lost, damaged or destroyed in any form or shape shall include: an application form for re-grant of the License for Establishment of the representative office or branch using the form promulgated by the Ministry of Industry and signed by a competent representative of your head office.

3. Procedures for re-grant of Licenses for Establishment of branches or representative offices

If your representative office relocates to another province or territory within the administration of another Management Board, you shall apply for re-grant of the License for Establishment of their representative office within 30 days from the date on which the notification of shutdown of the representative office is submitted. If you fails to apply for re-grant of the License for Establishment of the representative office in the aforesaid time limit, you shall apply for the license or establishment of your representative office from beginning;
Within 03 working days from the date of receipt of the application, the licensing agency shall examine such application and request the applicant to complete the application (if the application is incomplete). The request for supplementation to the application shall be made only once during the processing of the application.
Within 05 working days from the date of receipt of the valid application, the licensing agency shall re-grant the license for establishment of the representative office to the applicant. In case of rejection, the licensing agency shall send the applicant a written notice in which reasons for rejections shall be specified.

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