Beside setting up a Business entity, foreign trader can choose to open a Representative Office (RO) in Vietnam that conducts market survey and a number of commercial promotion activities permitted by Vietnamese law. In this Article, we will write about Requirements and File to establish an RO in Vietnam.
REQUIREMENTS:
– The foreign trader is incorporated and registers for doing business in accordance with provisions of laws of countries or territories being parties to treaties to which Vietnam is a signatory or is recognized by the aforesaid countries or territories;
– The foreign trader has come into operation for at least 01 year from the date of establishment or registration;
– The Certificate of Business Registration or the equivalent document is valid for at least 01 more year from the date of submission of the application;
– The scope of operation of the representative office is consistent with that in Vietnam’s Commitments to treaties to which Vietnam is a signatory;
– Where the scope of operation of the representative office is inconsistent with Vietnam’s Commitments or the foreign trader is not located in the country or territory being party to treaties to which Vietnam is a signatory, the representative office can be established only if relevant Ministers, Heads of ministerial agencies (hereinafter referred to as “relevant Ministers”) have given approval for establishment of the representative office.
FILE:
- An application form for License for Establishment of RO;
- Copies of the Certificate of Business Registration or equivalent documents of the foreign trader;
- A letter of appointment of the head of the representative office;
- Copies of audited financial statements or certificates of fulfillment of tax liabilities or financial obligations of the last fiscal year or equivalent documents as proof of existence and operation of the foreign trader issued or certified by competent authorities where such foreign trader is established;
- Copies of the passport or ID card (for Vietnamese) or copies of the passport (for foreigners) of the head of the representative office;
- Documents on the expected location of the representative office.
To get consulted and prepare file for a specific case, contact our Compliance Team: consulting@vietnammanual.com or 84-359 527 482.
VIETNAM MANUAL TEAM