Client: Please kindly be informed we are a Hong Kong company specialized in maritime project construction. At the moment we are scheduling to subcontract a underwater blasting job for Ha Tinh dredging project in Vietnam, for which we are intending to register a branch, or project managing unit in local to deal with import&export, fund and taxes issues. As for the newly registered entity, whose bank account is going to be used for depositing money for local expenses while shall not transfer local to abroad.
Then, please kindly advise if it is of your capability and interest to assist in our registry. If so, we would appreciate if kindly show your relevant experience, and advise following items:
1. the most favourable option in registry and
2. overall application time and prices,
3. kinds of taxes and dues to be happen during application and afterwards,
4. whether the company could be registered as legal temporary importer of our working ships and machinery from China for the project.
Lawyer: This is reference to your email below. I am Lawyer of SB Law. I was entrusted to provide legal advice regarding to your inquiry.
From the information as mentioned in your email, we understand your company was awarded a contract to conduct underwater blasting job for Ha Tinh dredging project.
Your company therefore would like to setup a branch or a project management unit to deal with import and export, fund and taxes issues.
If our understanding is correct, please advise us whether you have obtained any documents on the bidding result or contractor selection decision or legal contract of contracting delivery or not and will you have any Vietnamese Sub-Contractor for this job.
In addition, please also advise us whether the Ha Tinh dredging project is classified to Group A projects or Group B projects.
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