Last edited by Vigami
Tuesday, July 28, 2020 | History

1 edition of Establishment of representative offices of foreign companies in Vietnam. found in the catalog.

Establishment of representative offices of foreign companies in Vietnam.

Establishment of representative offices of foreign companies in Vietnam.

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  • 13 Currently reading

Published by Vietnam Trade Information Centre in [Hanoi] .
Written in English

    Places:
  • Vietnam
    • Subjects:
    • Investments, Foreign -- Vietnam -- Directories.

    • Edition Notes

      At head of title: Ministry of Trade.

      GenreDirectories.
      ContributionsVietnam. Bộ thương mại., Trung tâm thông tin thương mại (Vietnam)
      Classifications
      LC ClassificationsHG5750.5.A3 E8 1993
      The Physical Object
      Pagination206, [2] p. ;
      Number of Pages206
      ID Numbers
      Open LibraryOL3544076M
      LC Control Number2001535093

      In this Newsletter, Grant Thornton Vietnam would like to share with you: 1. Regulations on the establishment of Representative Office of foreign trader in Vietnam. 2. Some notes and practical recommendations of Grant Thornton Vietnam. 1. REGULATIONS ON THE ESTABLISHMENT OF REPRESENTATIVE OFFICE (“RO”) OF FOREIGN TRADER IN VIETNAM. a. ESTABLISHMENT OF A REPRESENTATIVE OFFICE FOR FOREIGN TRADERS IN VIETNAM. Set up a representative office of foreign traders in Vietnam is a popular way when foreign traders only need to research market, carry out promotional activities, advertise their brand. This is considered a useful and cost-effective way for foreign traders.

      A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative offices are generally easier to establish than a branch or subsidiary, as they are not used for actual "business" (e.g. sales) and therefore there is less. Setting up foreign invested company (FOC) in Vietnam. Question: As we are planning to source more products from Vietnam, we need to build up a local team that can work with 3 rd party suppliers to ensure product quality and timely shipment.. The initial thinking is that we want to setup a new entity in Vietnam near the Hochiminh City area.

      Representative Office – A representative office can also be opened in Vietnam for businesses that have been operating abroad for one year. Despite that the representative offices are % foreign owned, the company cannot engage in commercial or production related activities. In the event where a representative office 's operation contents conflict with Vietnam's commitments, or its foreign trader is not from countries that are parties of the International Treaties of which Vietnam is a member, the establishment of said representative office must be approved by the Minister of .


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Establishment of representative offices of foreign companies in Vietnam Download PDF EPUB FB2

The process of establishing a representative in Vietnam is relatively simple as compared to setting up a full force foreign-owned company. In accordance with the Commercial Law in Vietnam, a company is only eligible to set up a representative office when it: is an international trading company or a foreign business entity.

A representative office is the simplest way to do so initially as a company tests the viability of the Vietnamese market. We also cover related topics that include comparing representative offices with branch and wholly foreign-owned enterprises to determine which type is the most suited for your company; obtaining a foreign work permit in.

TinLaw Legal Consulting Firm provides the prestigious service of setting up representative office of a foreign company in Vietnam that solves all difficulties faced by foreign investors. We are committed to completing all documents, the procedures for establishing representative offices in the shortest time, helping you quickly put the representative office into operation.

Representative office of a foreign business entity in Vietnam (referred as “Representative Office”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to survey markets and to undertake a number of commercial enhancement activities permitted by the law of Vietnam.

Representative Offices in Vietnam - by Domicile Corporate Services. When foreign enterprises seek to establish a commercial presence in Vietnam, the most common approach used is to establish a foreign owned company in Vietnam as the appropriate vehicle.

Foreign entities have found Vietnam as an increasing attractive destination for investment. They could consider entering Vietnam in various forms, including setting up representative offices. “A representative office is a dependent unit of the enterprise, having the task of representing under authorization the interests of the enterprise and protecting such interests” (Clause 2 of article.

Setting up a company with % foreign capital in Viet Nam is a form of investment in which foreign investors are allowed to implement investment projects in the form of investment in the establishment of % foreign-owned companies in Vietnam. * Establishment of an enterprise with % capital of the foreign investor.

Foreign investors are entitled to invest % capital in order to. A joint-stock company may either be % foreign-owned or may take the form of a joint venture between both foreign and domestic investors.

Representative offices A representative office is not an independent legal entity and thus may not conduct direct commercial or revenue- generating activities.

Foreign investors investing in Vietnam in the form of establishing a new legal entity need to apply for an Investment Registration Certificate (“IRC”) first for its "investment project", then continue by applying for and obtaining an Enterprise Registration Certificate ("ERC") to establish the new company after the IRC is.

Notice: Currently, many representative offices in Vietnam of foreign companies are planning to establish foreign companies and intending to appoint the head of representative office to hold the position of legal representative of the company. However, in accordance with Article 33 Decree No//NĐ-CP, the legal representative of a business.

A representative office of foreign company in Vietnam: The procedures for establishment and operation Foreign business entities shall be permitted to establish their own representative offices in Vietnam (hereinafter referred to as representative offices) and operation in accordance with the provisions of the Commercial Law and guidances.

Foreign-invested companies doing business in the field of import, export and retail distribution of goods to consumers or setting up retail outlets outside the head office, when foreign investors purchase capital contribution of the company accounts for 1% % of the charter capital, only the business registration certificate and business.

Pursuant to Law on Enterprise of Vietnam: Establishment of economic organizations with % capital of investors include: Domestic investors and foreign investors may invest in the form of % of their own capital to establish limited liability companies, joint-stock companies, partnerships or private enterprises under the provisions of the Enterprise Law and relevant laws.

When it comes to company registration in Vietnam, one of the legal entity options a foreign company would consider for their business establishment is a representative office. A representative office gives a low-cost option for companies, especially for the first-time entrants who seek to understand the Vietnamese market.

Foreign company would like to open representative office in Vietnam, they should care the following matters: Q: Before setting up the Representative Office (RO), can investor register their trademark in Vietnam. A: Yes, they can register the trademark under the name of foreign company with Vietnam National Office of Intellectual Property (NOIP).

To establish a representative office (the “Rep. Office”) in a province in Vietnam, a foreign company must submit dossier to obtain a license for establishment of the Rep. Office (the “License”) issued by the Provincial Department of Industry and Trade. Requirements Under Article 4 of the Dec a foreign business entity duly established and operating for at least one year under the laws of the country of its head office may apply for establishment of a resident representative office in Vietnam.

The foreign company is entitled to establish representative offices in any province in Vietnam. May 8, Posted by Vietnam Briefing Written by Pritesh Samuel Reading Time: 3 minutes.

A Representative Office (RO) offers a low-cost entry for companies seeking to gain a better understanding of the Vietnamese market. As such, this option is among the most common for first-time entrants to the Vietnamese market and often precedes a larger presence within the country.

Title: New regulations on representative offices and branches of foreign business entities in Vietnam – Notable changes Subject: On 25 Januarythe Government issued Decree No//ND-CP guiding the Commercial Law on representative offices (RO) and branches of foreign business entities in Vietnam (Decree 07).

A representative office is an office established by a foreign company in order to conduct marketing and other non-financial activities.

However, a representative office is not allowed to conduct commercial activities (earn revenue) in Vietnam.

Representative office. Representative offices are similar to branch offices; however, the main difference is that a representative office cannot earn any revenue in Vietnam.

A representative office gives you a legal presence in Vietnam without setting up a company and is ideal for: conducting market research ; finding investment opportunities.The representative office or branch establishment permit are withdrawn by related agencies.

14) What are the obligations of the foreign businessperson towards their representative office or branch? Foreign businesspersons shall be held responsible before Vietnamese law for all operations of their Vietnam-based representative offices or branches.

Vietnam-based representative office of foreign investors is a dependent unit, which is established under the provisions of Vietnamese law to conduct a market survey and a number of commercial promotion activities permitted by Vietnamese law.

Typical benefits of Representative office. With a representative office, foreign investors can set up a lawful office in Viet Nam, recruit staff to.