Starting a new business in Vietnam is time-consuming and costly, said a recent report released by the International Finance Corporation and the World Bank.
If a foreign company only intends to set up an establishment Vietnam to carry general supporting activities, such as marketing research and development, liaison with suppliers and customers and preliminary procurement work, it may set up the establishment as a representative office, instead of setting up a branch or a subsidiary company. With GBS’s comprehensive legal understanding of the international business environment in Vietnam, we can supply clients with fundamentally beneficial legal advice in areas of foreign investments. Please refer to our Representative Office Registration Package for your reference.
According to Decree 34/2008/NĐ-CP date 25 March 2008 on employment and administration of foreigners working in Vietnam, the Chief Representative must submit application for the issuance of a work permit. The work permit will be issued by the Department of Labour within a time- limit of 20 working days from the date of receipt of a complete and valid application file.