The pro’s and con’s between Rep Office and 100% fully owned company in Vietnam
Question: We are a HongKong incorporated company with 51 years in business. We would like to establish a Rep Office in Vietnam and at the same time we would like to know the pro's and con's between Rep Office and 100% fully owned company in Vietnam.
Q&A: Can a Representative office in Vietnam open a bank account?
Q: Can a Representive Office open a bank account?
If there any amount that need to maintain?
A: Yes, the Representative office (R.O) can open bank account, that account is to receive expense from parent comapny only.
No need to have any amount to maintain R.O ammount,
SBLAW’s experience in the field of representative office in Vietnam.
So far SBLaw has successfully obtained the Representative Office License and supported R.O’s matter for
ROCK SOLID SHEDS (Australian investor);
FITI TESTING AND RESEARCH INSTITUTE (Korean investor);
UBM (Thailand investors);
TOHKEMI (Japanese investor);
LEVI’S (Levi Strauss Global Trading Company – Hong Kong Investor);
TRI HK (Hong Kong Investor);
NETRUNNER SYSTEMS PRIVATE LIMITED, (Singapore Investor,),
PEGASUS ( Singapore...
Tax Declaration in establish an Representative Office (RO) in Vietnam
Question: May I know which taxation needs to be declared if establish a RO in Vietnam. Your help will be much grateful. Thank you.
Answer: Under Vietnam Law, a representative office does not involve with business activities for purpose of making profit.
Then, except for declaration of personal income tax for...
Set up representative office (RO) in Vietnam
The foreign company must:
- Being recognized as a legal entity by countries or territories of business registration;
Note on Post-licensing procedures for Representative office in Vietnam
After receiving License for Representative office in Vietnam, regarding the post-licensing procedures, SBLAW advises as follows:
1) Implement the Initial Personal Income Tax Procedure regarding the all of employees who are working for the Rep Office. Please kindly let your Internal Accountant or External Accounting Agency contacted with the Division of...
Cost of Open and Close an Representative Office In HCMC
Question: I would like to know how much it would cost to open and close the representative office in HCMC, Vietnam. I need to gather all information for my management to make decision.
Answer: This is reference to your email below.
Our professional fee for opening/closing a representative office in Vietnam...
Closing Representative office in Vietnam
Client is now seeking legal advices for closing Representative Office in Hanoi, Vietnam (hereinafter referred to as “R.O”). We therefore are grateful to present you our Legal Services Proposal for your review and consideration.
1. PROCEDURES FOR CLOSING RO
Under the Vietnam’s Decree No. 72/2006/ND-CP of the Government stipulating details...
Formation of Representative office of Foreign University in Vietnam
(SBLaw) In case foreign university duly established and operating under the law of foreign country would like to setup a legal entity in Vietnam which shall act for the purpose of marketing and service promotion
Open a representative office in China.
The Vietnam Company has intention to open a representative office (hereinafter referred to as the “RO”) in China, we would like to provide some information as follows[...]
