Business

PROCEDURES FOR ESTABLISHING REPRESENTATIVE OFFICES OF FOREIGN INVESTORS IN VIETNAM

By lawplus

September 03, 2019

Establish a Representative Office in Vietnam: Key Requirements and Procedures

Foreign investors seeking to establish a representative office in Vietnam must meet specific legal conditions and follow a formal application process. Below is a detailed guide on the requirements and procedures for establishing a representative office under Decree 07/2016/ND-CP.

Requirements for Establishing a Representative Office

To qualify for a license, foreign investors must satisfy the following conditions:

  1. Legal Incorporation
  2. Business Operation History
  3. Certificate Validity
  4. Scope of Operation

Step-by-Step Procedures for Establishing a Representative Office

Step 1: Submit the Application

To apply for a representative office license, foreign investors must provide the following documents:

Step 2: Register the Seal Sample

The newly established office must register its seal sample with the competent authority. The following documents are required:

Step 3: Register the Tax Code

To declare PIT for the head of the representative office and foreign staff, the office must register with the tax department. Documents include:

Post-Establishment Obligations

After licensing, representative offices must:

  1. Open bank accounts to facilitate business operations.
  2. Submit annual activity reports to the Department of Industry and Trade before January 30 each year.
  3. Obtain work permits and temporary residence cards for the head and any foreign employees.

Additional Notes

Foreign investors are advised to ensure all required documents are accurate and complete to avoid delays in the application process. Legal provisions may change over time, so it is essential to seek updated guidance.

For assistance with the establishment of a representative office in Vietnam, contact Law Plus at or call +84 966 008 030.

 

Related:

  1. Procedures for termination of a foreign representative office in Vietnam
  2. Doing business in Vietnam
  3. Investing into Vietnam