[WEBINAR] REPRESENTATIVE OFFICE OPERATION IN VIETNAM – Risk management on operation

Webinar representative office - Risk management

[WEBINAR] REPRESENTATIVE OFFICE OPERATION IN VIETNAM – Risk management on operation

(Last Updated On: March 29, 2021)

415 webinar 01 - [WEBINAR] REPRESENTATIVE OFFICE OPERATION IN VIETNAM – Risk management on operation

  • Time:  15th JAN 2021 | 09:30 – 11:30 AM
  • Practice and lessons on operating representative office in Vietnam

Properly managing when operating foreign representative offices in Vietnam not only helps your team to meet demands from the parent company but also avoid legal risks, cost-saving, competitive advantage, keep your good standing during your business in Vietnam.

We would like to share webinar practical experiences / risky cases on required compliance procedures for a representative office in Vietnam:

MANAGE RISKS IN EMPLOYMENT RELATIONS

  1. Without working permit for expats.
  2. Violation in registration internal labor.
  3. Without paid medical insurance for expats.
  4. Labor contract without proper terms and conditions.
  5. Improper labor titles (not in line with the office scopes)
  6. Without required employee profiles and monthly payrolls.
  7. Violation in declare labor use and compulsory insurances.
  8. Without annual labor reports to competent state agencies.
  9. Without required tax completion certificate for the chief and expats.

MANAGE RISK IN TAXATION

  1. Violation in declaration tax for expats.
  2. Violation in receive incomes from other parties.
  3. Violation in apply tax exemption / payable amount.
  4. Violation in methods of tax declaration and settlement.
  5. Violation in Lending / borrowing money from third parties.
  6. Violation in using personal bank accounts for office payment.
  7. Violation in transactions / activities which are not allowed for office activities.
  8. Violation in accounting, cashbook, petty cash, invoices and records for tax inspection.
  9. Violation in lawful invoices for some paid expenditures. Some paid amount will be recognized as benefit of employees or the chief and it is taxable.

MANAGE RISK IN OFFICE LICENSE AND OPRATION

  1. Violation in registration and declaration new office location.
  2. Fail to renew / extend the office license before the expired date.
  3. Violation in annually operation reports to the Department of Industrial and Trade.
  4. Violation in amending/ updating the content in the office license when there are changes from parent company.
  5. In case of dissolution, not closure the office license completely or fail to manage the final tax settlement procedures.
  6. Operate beyond the allowed scope of activities/ permit: Buying machines / materials / equipment… for manufacturing lines; inventory, directly create sale and profitable activities.

 

VIVA BUSINESS CONSULTING

Contact: Mr. Hieu/Tony

Email: hieunm@vivabcs.com.vn

Phone: 0789774445

 

WHO WE ARE

  • 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.
  • The insights and consistent backgrounds in Business Laws - Accounting and Corporate Finance - Tax Management – Labor Relations and Payroll - Secretarial services help us build trust and confidence in the entrepreneurs’ community.
  • We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigner working in Vietnam, Vietnamese SMEs, Chief Operation Officers.
  • VIVA's logo is our Brand name, our signature, it states our faith - independence - transparence - and loyalty for client's interest. The signature is commitment and honor on our outstanding expertise and professionalism. It is the symbol of good standing for our clients whenever they are doing business with customers, partners, the local competent state agencies...

 

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[WEBINAR] REPRESENTATIVE OFFICE OPERATION IN VIETNAM – What are the compliance procedures that you shall keep in mind?



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