For companies with different business locations, setting up a representative office is essential. If you want to set up a representative office for your company, you need to go to the competent authority to apply for a certificate to set up a representative office. And of course, you have to pay for the procedures. If you are looking for instructive information about the fees to set up a representative office in Vietnam, follow this article.
Legal grounds
- Law on Enterprise 2020
- Circular 47/2019/TT-CP
Representative Office
When establishing a representative office, in addition to preparing documents and performing work at the business registration agency, the company needs to fulfill the obligation of fees and charges for establishment.
Currently, the establishment of a representative office for the company is regulated by fees due to the provisions of the law. The law stipulates the right to establish a representative office for the company with appropriate fees.
In general, the fees for enterprises to set up representative offices include: business establishment fees; fees for building a representative office at a certain address; hiring employees, and other fees of the competent state agency which called the fee for establishing a representative office.
Fees to set up a representative office
The fee for setting up a representative office is the amount of money that the company must pay in the entire process of establishing a representative office.
Fees for the establishment of representative offices are specified in detail of the Fee Schedule promulgated together with Circular 47/2019/TT – BTC. Accordingly, the fee for setting up a representative office includes:
- Setting up a representative office of the company (the fee for issuing a new certificate of operation registration of the representative office of the company): 50,000 VND.
- Re-issuance of representative office operation registration certificates: 50,000 VND /each time.
- Change of representative office operation registration certificate: 50,000 VND /each time.
- Providing information Certificate of operation registration of representative office to the company: 20,000 VND /each certificate.
The fees mentioned above for setting up a representative office are called the state fee. In addition, the company has to spend other expenses such as stamp engraving and service fees.
The seal engraving fee is the money paid to the seal engraving service provider. The seal engraving fee will depend on the number of seal samples, size, type, and seal engraving service provider.
Service fee is the fee paid to the service provider to establish a representative office for the company. The service fee will depend on the provider; may or may not include state fees as well as seal engraving fees.
Conditions to be granted the license for establishment of representative office
To receive a license to establish a representative office of a foreign advertising company in Vietnam, the following conditions must be met:
- Completed the procedures to register advertising service business, or have valid legal papers of evidence issued by a competent state agency.
- Also, satisfy the period of operation in Vietnam from the time of business registration and has a representative office in the territory of Vietnam; at least 7 years as prescribed.
Within 45 days from the date of receipt of the license to establish a representative office; then the office must carry out the actual operations and send a written notice to the licensing agency about information related to the representative office.
Information in the notice includes Head office location, number of employees; nationality… During the operation, if the representative office of the foreign advertising company has any changes in the number of employees, nationality, address of the representative office, etc., then they must send a written notice to the competent authority.
LSX legal firm’s service on company establishment
When establishing a company, people must carry out the procedure following the law at the competent business registration authority (under the Law on Enterprise 2020). The process of establishing a business includes many different steps and phases. If you are not familiar with the law, this process may take a lot of time.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
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Related articles
Service for setting up branches and representative offices in Vietnam
Procedures for changing the legal representative of Vietnam
Representative office – points to note according to Vietnamese law
Related questions
Article 10, Decree 07/2016/ND-CP: A dossier of application for a license to establish a representative office of a foreign trader includes:
Firstly, an application form for a license to establish (certified by the foreign trader);
A copy of the business registration certificate or equivalent document of the foreign trader (in case the copy of the passport of the head of the representative office is a foreigner must translate into Vietnamese and translated into Vietnamese). consular certification or legalization in accordance with Vietnamese law);
Letter of appointment/appointment of the head;
Fourthly, a copy of the audited financial statement or a written certification of the performance of tax or financial obligations. In the most recent fiscal year or an equivalent document proving the existence and operation of the Company. Foreign traders in the most recent financial year;
Copy of passport or identity card or citizen identification card (if Vietnamese) or passport copy (if foreigner) of the head of the representative office;
Contract to locate the head office of the representative office.
Note: Documents submitted to the licensing agency must translate into Vietnamese and legal in accordance with Vietnam’s regulations.
An application for a domestic travel service business license.
Authenticated copy of Business Registration Certificate.
Certificate of deposit for travel service business;
Authenticated copy of the decision or the labor contract between the company and the person in charge of the travel service.
Lastly, Authenticated copy of degree or certificate of the person in charge of travel service.
Contact LSX
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