Frequent question: How do I open a representative office in Vietnam?

How do I start a representative office in Vietnam?

What do you need to do after you get the license?

  1. Make a seal for the RO; License on the establishment of RO. …
  2. Register a Tax code for RO; Declaration to register a tax code. …
  3. Open a bank account of RO; License on the establishment of RO. …
  4. Announcement of the establishment of RO of Company.

Can foreigners open company in Vietnam?

Can foreigners start a business in Vietnam? Yes! Foreigners are allowed to start a business in Vietnam, regardless of indirect or direct investments. … Direct foreign investment indicates a 100% foreign-owned company or a joint venture company in which the foreign investor and a Vietnamese partner work together.

How much does it cost to register a company in Vietnam?

Fees

Different Vietnam entity types Cost Draft Invoice
Joint stock company US$21,620 View invoice PDF
Wholly foreign-owned LLC US$34,290 View invoice PDF
Vietnam fast nominee LLC US$38,550 View invoice PDF
Tax resident LLC (Financial services) US$38,240 View invoice PDF

What is the difference between a branch and a representative office?

In most countries, a representative office cannot handle transactions or contractual matters. A branch office, on the other hand, is a direct extension of the parent company and can engage in core activities like sales and contracts. … Critically, however, it is not a separate legal entity from the parent company.

THIS IS FUNNING:  Your question: Why do Vietnamese smile?

How can I get business license in Vietnam?

In order to do business in Vietnam, you have to register your company to the authorities to get permission and license to operate. This registration process usually takes place at the Business Registration Department of the Provincial or City Office of Planning and Investment (see Ministry of Planning and Investment).

Is it easy to do business in Vietnam?

Vietnam is home to quite a stable credit environment, and obtaining capital is a relatively smooth process for businesses. However, the lack of a private credit bureau can make the process a little trickier for overseas firms. Investor protection is an area in which Vietnam fails miserably.

How do I get a business license in Vietnam?

Step 1: Claim for the Certificate of Investment Registration; Step 2: Claim for the Certificate of Business Registration; Step 3: Claim for the Business License. Issuance of the Business License is regulated in Decree No.