Câu Trả Lời Nhanh Chóng: How To Open Representative Office In Vietnam?

How do I start a representative office in Vietnam?

What do you need to do after you get the license?

  1. Make a seal for the RO; License on the establishment of RO.
  2. Register a Tax code for RO; Declaration to register a tax code.
  3. Open a bank account of RO; License on the establishment of RO.
  4. Announcement of the establishment of RO of Company.

What is a representative office in Vietnam?

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.

Can foreigners open company in Vietnam?

Can Foreigners Own a Business in Vietnam? Foreigners may own businesses in Vietnam. Some industries such as tourism, advertising, and entertainment require a local partner. But most businesses can be 100% foreign-owned.

What is the difference between a branch and a representative office?

In most countries, a representative office cannot handle transactions or contractual matters. A branch office, on the other hand, is a direct extension of the parent company and can engage in core activities like sales and contracts. Critically, however, it is not a separate legal entity from the parent company.

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What is a representative office of a bank?

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.

Does Vietnam allow 100% foreign ownership?

Vietnam allows 100% foreign ownership of a business in most industries. These include trading, IT, manufacturing, and education. However, some industries restrict foreign ownership. In such cases, foreign investors will need a Vietnamese joint venture partner.

Is it easy to do business in Vietnam?

Vietnam ranked 70 among 190 economies in the World Bank’s Doing Business 2020 report. Investor confidence in Vietnam is strong as FDI rose by 7.02 percent year on year in 2019.

Can I start business in Vietnam?

Yes! Foreigners are allowed to start a business in Vietnam, regardless of indirect or direct investments. The first option is to choose a direct investment. Direct foreign investment indicates a 100% foreign-owned company or a joint venture company in which the foreign investor and a Vietnamese partner work together.

What is the best business in Vietnam?

Top 10 business investment opportunities in Vietnam for SME

  1. Furniture Making and Remodeling.
  2. Garment and Textile Products.
  3. Construction and building Materials.
  4. Detergents and cosmetics.
  5. Agricultural Products Processing.
  6. Exportation.
  7. Real Estate.
  8. Restaurant and Bar.

How do I get a business visa for Vietnam?

Your passport must be valid for at least 6 months following your arrival date (temporary passports may not be accepted.) Your passport has at least 02 blank pages for visa and immigration stamps. Sponsorship letter from a licensed company in Vietnam is required if you apply through the local embassy in your country.

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What are the risks of doing business in Vietnam?

Challenges and risks when doing business with Vietnam

  • corruption.
  • bureaucracy.
  • grey areas of Vietnamese law.
  • lack of Intellectual Property Rights (IPR) enforcement.
  • inadequate infrastructure.
  • lack of skills.
  • language barrier (so translators and interpreters are often needed)

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