Foreign companies with business relations or investment projects in Vietnam may apply to open representative offices in Vietnam. A representative office is an independent legal entity and may not conduct direct commercial or revenue-generating activities (i.e., the execution of contracts, receipt of funds, sale or purchase of goods, or provision of services).
However, a representative office is permitted to:
- Act as a liaison office to observe the business environment.
- Search for trade or investment opportunities and partners.
- Supervise, coordinate and assist the implementation of contracts entered into by its head office with Vietnamese partners.
- Act on behalf of its head office to supervise and direct the implementation of projects in Vietnam.
This representative office can provide a wide range of ancillary support to their head offices overseas. This is a very common form of presence in Vietnam for foreign companies, particularly at their first initial stages.
DOCUMENTS REQUIRED
TIMELINE TO COMPLETE:
One month to process all documentation and have finalized for collection.
For more information, please contact us by: info@hnhconsultant.com or to our hotline.