Posted 21.08. 2020 by Cekindo / Last update on 2.10. 2020
A foreign company planning to expand its business in Vietnam can benefit substantially by setting up a representative office.
For example, no capital is required and you are allowed to open a bank account in the country. Furthermore, you can hire both local and foreign employees and handle sales and delivery under your parent company.
An important thing about a representative office in Vietnam is its license. Below are the most commonly asked questions regarding representative offices and their required license in Vietnam.
A representative office license in Vietnam is a document granted for foreign investors to set up a legal office known as a representative office in the country.
The representative office license is required to be renewed once every two years or five years.
The extension of a representative office license is possible when you apply for it.
The extension submission shall include a complete application form along with a copy of the certificate of business registration, a copy of the audited financial statement, a copy of the existing representative office, and other relevant documents.
Below is the procedure to establish a representative office in Vietnam:
Yes, you can amend a representative office license when one of the following circumstances occur:
You should also prepare a dossier set for the amendment based on the nature of the change. All documents must be legally certified and translated into Vietnamese:
You are allowed to move your representative office in Vietnam to another location with a regrant of representative office license.
However, the location switch is restricted to the following cases only:
Setting up a representative office in Vietnam provides many benefits to any new or growing business, such as easy setup and management, low cost, full foreign ownership, and physical presence.
Cekindo helps foreigners who are looking to expand their business to set up representative offices in Vietnam in a few simple steps.
Let us handle the process accurately and quickly on your behalf, so you can focus on growing your business.
Contact Cekindo directly and one of our professional consultants will walk you through the process.
Fill in the form below.