Set up representative office Vietnam Ho Chi Minh City
Why to set up a representative office in Vietnam in Ho Chi Minh City?
Foreigner has to set up a representative office in Ho Chi Minh City in Vietnam for doing marketing in the Vietnamese territory.
How to set up a representative office in Vietnam in Ho Chi Minh City?
The VISIUP agency offers to set up a representative office in Ho Chi Minh City in Vietnam for starting advertising in the Vietnamese territory.
Do you want to set up a representative office to present all your company in Vietnam?
VISIUP accompanies you to establish a folder in order to obtain the permit from the Vietnamese Government to create a representative office in Vietnam.
Representative office in Vietnam
The investment license and the director position constitute the entirety of the representative office in Vietnam.
The investment license
The investment license allows to define the capital amount and to divide the investors's parts within the representative office in Vietnam.
The position of director
The position of director represents the legal and financial responsible of the representative office in Vietnam.
Investment into the capital of the representative office in Vietnam
The Vietnamese government determines a financial investment according to the activity of the representative office in Vietnam.
It represents a guarantee that the foreign investor is capable of financing his project in Vietnam.
Note : The foreign investor has to transfer the financial investment into the bank account of the representative office in Vietnam, within the first 90 days of the company's creation.
Use of the investment of the representative office in Vietnam
Buying or renting a personal residence (apartment, house...).
Buying or renting a workplace for the representative office (offices...).
Buying or renting means of transport (cars, scooters, trucks...).
Buying work equipment, raw materials...
Paying employees and subcontractors of the representative office...
etc...
Documents to be provided if the financial investment comes from a company
The balance sheet of the company for the previous year.
The audit of the balance sheet certified by an accounting body of the state.
The document concerning the registration of the company.
The bank certificate of the company's cash.
The passport of the representative office's responsible in Vietnam.
The business visa of the representative office's responsible in Vietnam.
The address of the head office of the representative office in Vietnam.
Documents to be provided if the financial investment comes from an individual
The passport of the representative office's responsible in Vietnam.
The business visa of the representative office's responsible in Vietnam.
The certificate of the personal bank account of the foreign investor.
The address of the head office of the representative office in Vietnam.
Address of the representative office in Vietnam
It is mandatory to provide the rental agreement of the property in which the representative office is located in Vietnam to constitute the file.
The head office
The head office represents a fixed address of the representative office in Vietnam.
The service office
The service office represents a temporary address of the representative office in Vietnam.
Price to create a representative office in Vietnam
The price depends on the activity of the representative office in Vietnam (there is no VAT of 10% if the payment comes from outside of Vietnam).
Delay to create a representative office in Vietnam
The delay is between 2 and 4 months. The delay begins when the file is complete and filed in the Vietnamese government offices.
Additional costs for a representative office in Vietnam
1. The creation of the representative office's bank account in Vietnam : the cost depends on the selected bank.
2. The USB key which will allow the relation between the accountant of the representative office in Vietnam and the Vietnamese tax : from 50 USD to 200 USD for 1, 2 or 3 years.
3. The accountant of the representative office in Vietnam (mandatory) : from 25 USD to 50 USD per month.
4. The official stamp of the ministry of foreign affairs of Vietnam : the cost depends on the city where the representative office is located.
5. The official stamp of the concerned embassy located in Vietnam on the documents constituting the admission file : the cost depends on the embassy of the country and the number of documents to be stamped.
6. The official stamp of a Vietnamese notary on Vietnamese documents : the cost depends on the notary and the number of documents to be stamped.
7. The translation in Vietnamese of all the documents constituting the admission file : the cost depends on the number of documents to be translated.
8. The replacement in the investment license of the temporary address by the fixed address of the representative office in Vietnam: 200 USD.
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