Vietnam at the beginning of 2006, the Vietnamese Government has issued new regulations on foreign representative offices and branch offices in Vietnam under Government Decree No. 72/2006/ND-CP dated July 25, 2006.
The new regulations require a foreign company applying for a representative office or branch office license to submit a copy of its business registration certificate or the equivalent in accordance with the laws of the home country. If such documents have a validity period, the remaining validity period must be at least 1 year for a representative office application or 3 years for a branch office application. It is interesting to note that this requirement could effectively rule out the opening of representative offices in Vietnam by companies from China or Hong Kong or some countries where the laws provide for a validity period of only 1 year for business registration certificates, renewable upon payment of annual fees.
Our scope of works
GBS is designated by client as mutually agreed to provide service to establish a Representative Office in Vietnam with the scope and content as follows:
- Providing the legal advice on establishment of a RO of foreign trader in Vietnam;
- Guiding the client to prepare documents that must be prepared by them for request for issuance of license for RO establishment;
- Preparing the applications, and other necessary documents for request for issuance of license for RO establishment;
- Representing client to work with competent authorities for performance of procedures for issuance of license for RO establishment;
- Representing the client to obtain license for RO establishment; and
- Supporting the client for registration of RO’s seal
GBS’s strength’s lies in the attention to the specific demands of the client, as well as, in the support of our client’s business activities and developments in Vietnam.
For more information about Rep. Office, please visit our FAQ link at: http://www.gbs.com.vn/index.php/en/faq/business-registration/1187-establishing-representative-offices-and-branches-of-foreign-traders-in-vietnam
Global Business Service (GBS) Co., Ltd is a leading commercial law firm in Vietnam providing business legal services, investment consulting, and other business support service (company formation, license arrangement, commercial agreements, mergers and acquisitions, shareholder arrangements and disputes, work permit, employment contracts, tax, consulting and financial advisory and executive search services). The GBS organization is focused on helping senior management and owners of mid-market organizations to reach their goals by providing practical, customized solutions and identifying and pursuing business opportunities in Vietnam.
We would encourage you to view our practice areas and contact us to arrange your first free initial advice section with one of our specialists lawyers.
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