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THE REPRESENTATIVE OFFICE Vietnam-based representative office of a foreign trader means a dependent unit of the foreign trader, which is established under the provisions of Vietnamese law to conduct market survey and a number of commercial promotion activities permitted by Vietnamese law. FUNCTION OF THE REPRESENTATIVE OFFICE The operation of a representative office shall be […]
While Law on Enterprise has been amended to facilitate the business entrepreneurs in doing business, household business becomes an optimized option for those with small scale and seek for a straightforward & simplified compliance requirement. Table below provides quick comparison in terms of the formation & compliance requirement between a Limited Liability Company – LLC […]
LEGAL REPRESENTATIVE Legal Representative is an individual representing the enterprise to exercise the rights and perform the obligations arising out of transactions of the enterprise, and representing the enterprise to act as the person lodging a petition for resolution of a civil matter, as a plaintiff, defendant or person with related interests and obligations in […]
The Vietnamese name of an enterprise contains two components including: Form/ Type of the enterprise Proper name THE FORM OF AN ENTERPRISE Form of the enterprise Vietnamese Short-term Limited liabilities company Cong ty trach nhiem huu han Cong ty TNHH Shareholding company Cong ty co phan Cong ty CP Partnership company Cong ty hop danh […]
Implicated from the name, corporate secretarial service (COSEC) often refer to the secretary, resonate with administrative tasks, material preparation, documentary filings, statutory reports submission for compliance. Considering the context of Vietnam’s economic development, the ever-increasing foreign investment in Vietnam market leads to high demands in COSEC service, form up and maintain the compliance from the […]
Doing business in a host country and earning income would revolve with taxation, and it is absolutely similar for all enterprise operating theirs business in Vietnam. Initial tax registration with the tax administrative department is treated as sending “greetings” from new-born company to the competent authority. The initial tax registration involves with: Accounting method and […]
Being considered as annual registration fee and paid in commencing of the year, Business License Fee (BLF) is required to be declared and paid when the company’s establishment is completed. BUSINESS LICENSE FEE LEVEL BLF level in Vietnam is determined based upon its registered charter capital, with details are elaborated as below: Level Charter Capital […]
Heading to non-cash etiquette in business environment, opening bank account for banking transaction is a must-do task prior commencing operation. E-banking, gradually, plays a key role and is utilized as a functional tool with multiple related services to facilitate all enterprises in doing business. Not aside from this trend, Vietnam-based enterprise is compulsory to open […]
Different from other country where the signature is used as a typical signal for “tie the knot” in business engagement, in Vietnam, the stamp specimen (or refer to the chop or the stamp) together with the physical signature, are fully formed the legal execution in terms of paperwork for business activities. Stamp consist of stamp […]
Nowadays, Vietnam is gradually recognized as an open market to attract foreign investment. By self-improving its infrastructure and public facilities, as well as being a member in certain international treaties to build-up cordial relationship with other countries and territories all around the world, Vietnam turns itself to become an ideal and strategic market for foreign […]