Representative Office in Viet Nam

Our Representative Office Opening Services enable foreign companies to comprehend the Vietnam market, formulate strategies, and utilize the Representative Office as a steppingstone for subsequent establishment of a foreign-owned company.

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Representative Offices Setting Up in Vietnam

The standard strategy for foreign enterprises is forming a foreign-owned company to secure a formidable commercial presence. Despite this, a Representative Office in Vietnam can serve as a fitting structure for establishing a business presence in specific situations.

Representative offices in Vietnam provide an efficient market entry approach, allowing the creation of an initial formal presence in Vietnam and legal staff employment. This enables the foreign companies to comprehend the Vietnam market, formulate strategies, and utilize the representative office as a steppingstone for subsequent establishment of a foreign-owned company.

Representative offices in Vietnam offer a limited operational scope and, in accordance with existing laws and practices, are only suitable for a specific range of activities. Vietnam Government intentionally favor commercial activities through taxable entities, typically companies, with this strategic approach.

Functions of Representative Office in Vietnam

In line with Vietnamese law, representative offices in Vietnam possess the legal right to:

Conduct market research

Serve as a coordinating office

Boosting investment for foreign parent company

It’s worth noting that changes in March 2016 affected Vietnam Representative Offices, eliminating their capacity to ‘monitor and promote contract performance with Vietnamese partners or in the Vietnamese market on behalf of the foreign parent company.

This means that Representative Offices in Vietnam are prohibited from conducting commercial activities or assisting their parent entity in business operations within Vietnam.

However, Representative Offices in Vietnam have the right to recruit staff as required for their plans, including foreign individuals (with appropriate work permits) and establish bank accounts within Vietnam.

Procedure for Registering Representative Office in Vietnam

In just three steps, register your Representative Office in Vietnam effortlessly

Step 1: Compile essential documents for the application process:

Proof of office location: the investor needs a valid lease (or pre-lease) agreement for the Representative office location.
Notarized passport of the Chief Representative
Parent company profile: the applicant is required to provide legalized corporate documents from their parent company, including audited financial statements, for the application

Step 2: File your application file to register a Representative Office in Vietnam:

Initiate the process of setting up a Representative Office in Vietnam by submitting your application to the provincial Department of Industry and Trade or other authorized government bodies.

Step 3: Complete post-establishment registrations following the opening of your new Representative Office in Vietnam:

Following the successful opening of a representative office in Vietnam, investors are obligated to carry out designated post-licensing procedures.
Submit your application to publicly announce the founding of the new Representative Office.
Obtain a Seal for the Representative Office and register the Seal specimen
Submit your application to publicly announce the founding of the new Representative Office.
Open a bank account for the Representative Office
Register PIT Code for foreign Chief Representative and foreign employees