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Establishment of foreign representative offices is a strategic step for many international businesses in expanding their markets. You need to clearly understand the legal regulations and necessary procedures to ensure the success of this project. In this article, Long Phan will analyze in detail with important notes, helping you avoid unnecessary risks. We invite you to consult.
Pursuant to Article 7 of Decree 07/2016/ND-CP, the conditions for establishing a foreign representative office in Vietnam are:
When establishing a foreign representative office in Vietnam, the following issues should be noted:
Pursuant to Article 10 of Decree 07/2016/ND-CP, the application file for a License to establish a foreign representative office in Vietnam includes:
To be granted a license to establish a foreign representative office in Vietnam, you need to take the following steps:
Step 1: Submit application
Foreign traders submit applications directly or by post or online (if eligible) to the Licensing Agency where the Representative Office is expected to be located.
Step 2: Receive documents
Within 03 working days from the date of receipt of the dossier, the Licensing Agency shall check and request additional documents if the dossier is not complete and valid. Requesting additional documents can be made at most once during the document processing process.
Except for the cases specified in Clause 4, Article 11 of Decree 07/2016/ND-CP, within 07 working days from the date of receipt of complete and valid documents, the Licensing Agency shall issue or not issue the Establishment License. Representative office for foreign traders.
In case of refusal to grant a permit, there must be a written statement clearly stating the reason.
Step 3: Send documents to seek opinions from specialized management ministries (if any)
In the case specified in Clause 5, Article 7 of Decree 07/2016/ND-CP and in cases where the establishment of a Representative Office has not been specified in specialized legal documents, the Licensing Agency shall send a document. Get opinions from specialized management ministries within 03 working days from the date of receipt of complete and valid documents.
Step 4: The specialized management ministry returns results (if any)
Within 05 working days from the date of receiving the written request for opinions from the Licensing Agency, the Ministry of specialized management shall issue a document clearly stating its agreement or disagreement to grant a license to establish a representative office face.
Step 5: Return results
Within 05 working days from the date of receiving the opinion of the specialized management ministry, the Licensing Agency shall grant or not grant the License to establish a Representative Office for foreign traders. In case of refusal to grant a permit, there must be a document clearly stating the reason.
When establishing a foreign representative office in Vietnam, you may encounter difficult situations. Coming to Long Phan, we are proud of our professional and effective consulting services for establishing foreign representative offices in Vietnam. We fully support the necessary procedures for you, specifically:
If you have any questions and need advice and support, please contact Long Phan via hotline 0906735386 today. We are always ready to listen and help you.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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