Fees for licensing the establishment of representative offices in Vietnam
About fees for licensing the establishment of representative offices in Vietnam of foreign traders. Some issues need to note about licensing the establishment of representative offices in Vietnam of foreign traders. Let us learn about this topic with LSX Law firm below:
Fees for licensing the establishment of representative offices
In general, fees for licensing the establishment of representative offices of foreign trade promotion organizations and foreign traders in Vietnam are as follows:
a) New issue: 3,000,000 (three million) VND/license including;
Certificate of operation registration of the company’s representative office
Service: 700,000 VND – 1,000,000 VND (depending on the place of registration)
State fee: 200,000 VND
There is also the cost of the Seal:
Seal engraving fee: 500,000 VND
Announcement of seal sample on National Enterprise Portal: 200,000VND
b) Re-issuance, amendment, supplement, extension: 1,500,000 (one million five hundred thousand) VND/license.
you shall collect fees for licensing the establishment of representative offices of foreign trade promotion organizations and foreign traders in Vietnam in Vietnam Dong (VND).
Some issues need to note
- Regarding the duration of the license of the establishment of representative offices in Vietnam:
The term is 05 years but must not exceed the remaining term of the business registration certificate or paper of equivalent value of the foreign trader, in case such article has regulations on the time limit.
- Competence to issue operating licenses of the establishment of representative offices in Vietnam:
Firstly, Department of Industry and Trade of the province or city where the VPDD is located;
Secondly, the Management board of industrial parks, export processing zones, and economic zones where the VPDD is located.
- The cases in which a representative office operation license is not granted:
Firstly, failing to satisfy one of the conditions specified in Article 7 in the case of an application for a license to establish a representative office, or failing to meet one of the conditions specified in Article 8 in the case of an application for a license to establish a representative office; branch.
Secondly, the foreign trader applies for a License for Establishment of a Representative Office; or a License for Establishment of a Branch within 2 years from the date; on which the License for Establishment of a Representative Office or License for Establishment of a Branch revoked in Vietnam according to the provisions of Article 44 of this Decree.
Thirdly, the establishment of representative offices and branches is restricted by law for national defense, security, social order and safety, social ethics, and public health.
Besides, other cases as prescribed by law.
Finally, hope this article about Fees for licensing the establishment of representative offices in Vietnam is helpful for you!
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Related questions
At the time the enterprise registers to suspend its operation, the enterprise is not subject to the tax code. Many established businesses do not do business at their registered headquarters; or do not operate a physical business and therefore do not file a complete tax return. When there are violations as above, the Tax Department will close the tax code for these businesses. Consequently, I want to do the registration procedure to suspend the business. Firstly, the business will have to carry out the process to recover the closed tax code.
The enterprise must notify the temporary suspension of its operation to the business registration office 3 days before the enterprise suspends its operation. For example, on September 15, the business temporarily stopped operating. No later than September 12, the enterprise will have to send a notice of suspension to the Business Registration Office, where the company is located.
Foreign traders may extend the license to establish a representative office upon the expiration of the term specified in the permit, except for violations in the circumstances in which the permit to appoint a representative office is revoked, as prescribed in Article 44 of Decree.
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