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,
Package fee for opening representative office in Vietnam.
SBLAW would like to provide foreign investor the package fee for for opening representative office (RO) in Vietnam as follow:
- Obtaining License for establishment of RO: 1,200USD.
- Declaration for commencing operation of RO: 150USD.
- Placing announcement of establishment of RO, obtaining Tax Code Certificate, Seal Sample of RO: 150USD.
-...
Rep office in Vietnam
SBLAW understands that you intend to setup a representative office in Hochiminh City, Vietnam. We therefore would like to send herewith our legal service proposal for your kind reference.
Opening of Rep Office in Ho Chi Minh
Investor: We are American corporation providing Immigration Services.
As far as I can see on your website, we can open Rep Office in Ho Chi Minh and offer our services with one limitation - that the client have to pay to USA. Is that correct?
Do we have to hire local...
LEGAL PROCEDURE FOR OPENING R.O
SBLAW would like to introduce some information about opening a RO in Vietnam as follows:
Q&A: Request about Closing of a Representative Office in Da Nang City
Q: We – Singapore Company established a representative office in Da Nang City, who asked if we know a law firm to recommend for closing the representative office.
We would appreciate it very much should you be so kind to advise if your firm handles this type of work, how...
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...
Ask for information about setting up a Representative office/company
Investor: Dear SB Law company,
I write this email to ask for some information, related to one of my customer.
My customer is the steel trading company, from England. And now, they want to set up a representative office/ company in Vietnam.
On behalf of our customer, we would like to ask...
Trading office in Vietnam
Foreign investor: Dear sir, We are limited company from hongkong and are looking setup my fifth office in Vietnam
We already have office in hongkong ,guanghzou.yiwu and qindao
We need to ask some information from you to setup trading or service office or representative office
first time cost of setup company
auditing cost...
(Q&A) Some questions relating to representative office in Vietnam
Q: I have some questions relating to our representative office in Ho Chi Minh City, Vietnam.
1. How much the cost to close the representative office ?
2. Can we leave Rep Office dormant…if so, at what cost...?
3. Can we re-open the entity at our discretion as some point in the...