How to ESTABLISH A BRANCH OF REPRESENTATIVE OFFICE?
Companies/enterprises with many other business locations other than the registered head office of the company can register in the form of establishing a branch/representative office of the company or a business location to operate legally. Regarding the form of operation, depending on the needs of the Company to choose accordingly. Each form has its own unique characteristics.
Find out the characteristics of branches - representative offices - business locations
a) Branch:
Being a dependent unit of the enterprise, responsible for performing all or part of the functions of the enterprise, including the function of authorized representative. The branch's line of business must be consistent with the business line of the enterprise.
The branch can be selected to operate as a dependency or as a stand-alone. Characteristics of the dependent branch: Business lines like the parent company.
However, invoices and documents must be issued directly by the parent company. At the end of the year, financial statements, tax finalization with the parent company. Independent branch: Being allowed to do business as a parent company, to be ordered to print invoices and export directly to customers. Must periodically declare tax, report and finalize as parent company.
b) Representative office:
As a dependent unit of the enterprise, it is responsible for representing the enterprise's interests and protecting those interests. Representative offices can only exchange and promote trade on behalf of the parent company. Not directly profitable.
c) Business location:
A place where a business conducts its business. Business field as parent company. However, transactions with customers such as issuing invoices must depend on the parent company.
NOTE: The amended Decree 108/2019/ND-CP allows the Company to open a business location outside the area where the Company's head office is located. Thus, the company can register to establish arbitrary business locations throughout the territory of Vietnam.
PROCEDURES FOR REGISTRATION FOR ESTABLISHMENT OF BRANCHES OF REPRESENTATIVE OFFICES
a) Procedures for setting up a branch – representative office:
Notice of establishment of branch (regulatory form) Decision on establishment of branch (reference form) Decision on appointment of branch head (reference form) Minutes of meeting (applicable to two-member limited liability companies), Joint Stock Company), (reference form) Authentication documents of the head (ID card/ CCCD/ Passport).
b) Procedures for establishing a business location:
Notice of establishment of branch (specified form) Authentication documents of the head (ID card/CCCD/Passport).
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ESTABLISHMENT OF A DIRECT FOREIGN CAPITAL COMPANY
CONTENTS OF REGISTRATION FOR ESTABLISHMENT OF BRANCH REPRESENTATIVE OFFICE
Establishment of a company branch (dependency) Establishment of a representative office of the company Engraved branch/representative office Establishment of a business location.
NOTE: The above fee includes all state fees, 10% VAT, delivery of documents to the place upon request.
DOCUMENTS NEEDED TO PROVIDE WHEN ESTABLISHING A BRANCH OF REPRESENTATIVE OFFICE
Take a photo or scan the business license of the parent company Branch name, expected location Copy of ID card/CCCD/Passport of the head.
For a free consultation on ESTABLISHMENT OF BRANCH REPRESENTATIVE OFFICE, please contact Hotline 0938165817 belong to ABA VISA
