Question: We are interested in establishing of the representative office of our company in Hanoi. My boss has two companies, one is registered in Thailand, the other is registered in Republic of Seychelles, so he wants to know more about the details about setting up a representative office.
1. what kind of the documents we need to prepare?
2. how much for the process and the capital of the office?
3. how long for the establishing office needed?
4. two different company in two countries, which one would be better?
5. what items can the representative office do in Vietnam?
Answer: Thank you for reading, looking forward for cooperation.
This is reference to your email below. I am Lawyer of SB Law. I was entrusted to provide you legal advice regarding to establishment of representative office in Vietnam.
In our opinion, you should use the company in Thailand to setup representative office in Vietnam as we shall require you to provide us audited financial statement of the parent company for the last year or any official letter of the competent authority in your country stating that parent company has fulfilled all its tax obligations in your Country.
Meanwhile, in Seychelles, your company may not have financial statement and the tax is exempted. Then, you may not be able to provide us required documents. Please correct me if I am wrong.
One more important thing is that whether your main bussiness actvities involve with one of following:
– Law Consultation;
– Sofware development or programing,
– Trading goods
Please let us know exactly which Item that your Company in Thailand involve (Procedure for establishment of representative office of company in different industries shall be different).
Then, we shall advise you in further detail on setting up representative office in Vietnam.
If you have any further inquiry, please feel free to contact us. We are looking forward to hearing from you soon.