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 Personal Income Tax of the Licensing Body to prepare the needed application dossier instantly.
In addition, this Procedure must be finished within 10 working days from the date of obtaining the License for Establishment of the R.O.
2) Register the Tax Code for the Rep Office. Upon the getting of Seal of the Rep Office, the application for Tax Code is expected to be submitted on the same day.
3) Open a bank account for the Rep Office. Please kindly contact with your financial institution for having detail instruction;
4) Implement the Declaration on Operation of the Rep Office Procedure.
The dossier for this procedure requires: (i) the Application form; (ii) the Resume of the entire employees who are working for the RO, which must be verified by the local government in which each employee registered his/her permanent address; and (iii) the valid Labor Contracts of the entire Vietnamese employees (the foreign employee could use the Appointment Letter as replacement).
Regarding the Vietnamese employees, please use the file named “6.1 Ly lich NLD Viet Nam” for taking the verification of local government.
Regarding the foreign employee, please use the file named “6.2 Ly lich NLD Nuoc ngoai” for declaring.
