(+84) 96 167 55 66
info@vietanlaw.com

Branches establishment dossier of foreign traders in Vietnam

In the current process of international integration, businesses tend to develop not only within the territory of a country or a region but also want to expand more branches to many countries and stretch out their arms to the whole world. When these businesses want to open more branches to carry out business activities in different countries, they need to comply with the laws of the host country. For foreign traders conducting business activities in Vietnam, setting up a branch  must meet the conditions prescribed by law and each foreign trader may only establish a maximum of 1 branch within a province or centrally-run city. The procedure is carried out through the Department of Industry and Trade of the province or city where the company wants to set up a branch.

Branches establishment dossier of foreign traders in Vietnam

Conditions for setting up branch in Vietnam

  • Foreign traders may set up and register their business in accordance with the laws of countries and territories acceding to treaties to which Vietnam is a contracting party or recognized by the laws of these countries and territories.
  • Foreign traders operating for at least 05 years from the date of establishment or registration;
  • Business goods and services must be on the list of goods and services Branches of foreign traders and foreign tourism company permitted to do business in Vietnam in accordance with the provisions of Vietnamese law.

Documents to prepare:

  • An application form for a branch establishment license according to the form of the Ministry of Industry and Trade
  • A copy of the business registration certificate or other document of equivalent value
  • Document of appointment of the head of the branch
  • A copy of the audited financial statements or a written confirmation of the performance of tax or financial obligations in the most recent fiscal year or a document of equivalent value issued or certified by the competent agency or organization where the foreign trader is established, prove the existence and operation of the foreign trader in the most recent fiscal year
  • A copy of the operation charter of the branch
  • A copy of the passport or citizen card or citizen identification card (if a Vietnamese) or a copy of the passport (if a foreigner) of the head of the branch;
  • Documents on the proposed location of the branch office (office lease contract, other agreements on leasing, site exploitation …)

Procedure sequence:

  • Foreign traders shall prepare complete dossiers and submit them to the Department of Industry and Trade of the province/city where they intend to set up their headquarters.
  • The Department of Industry and Trade receives the application and processes it.
  • After 03 working days from the date of submission of the application, the Department of Industry and Trade shall issue a notice of amendment and supplementation if the application is not valid.
  • After 07 working days from the date of receipt of a complete and valid dossier, the Department of Industry and Trade shall grant a license or not grant a license and must clearly state the reason.
  • In case specified in Clause 5, Article 8 of this Decree and in case the establishment of a branch is not specified in specialized legal documents, the licensing agency shall send a written request for opinions of the specialized management ministry within 03 working days from the date of receipt of a complete and valid dossier. Within 05 working days from the date of receipt of the written statement from the licensing agency, the Ministry of specialized management shall clearly state its agreement or disagreement with the license to set up a branch. Within 05 working days from the date of receipt of the written statement from the Ministry of Specialized Management, the licensing agency shall grant or not grant a branch set up license to foreign traders. In case of refusal to grant a license, there must be a written statement clearly stating the reason.

Note:

  • For business branches located in economic zones or industrial zones, dossiers will be received and processed by the Management Board of that economic zone or industrial zone.
  • After being licensed, the branch needs to make an announcement of operation and officially come into operation as the information provided to the Department of Industry and Trade.
  • The above provisions do not apply to branches of foreign company set up in Vietnam.

Related Acticle

Calculating dumping margin service in Vietnam

Calculating dumping margin service in Vietnam

The free trade of goods and products between countries is currently taking place around the world and has become stronger after the creation of the WTO. WTO creates a fair…
Update on the investment report in Vietnam from 2024

Update on the investment report in Vietnam from 2024

Sample documents and reports related to investment activities in Vietnam, investment from Vietnam to foreign countries, and investment promotion are applied according to Circular 03/2021/TT-BKHDT from April 2021 show many…
Granting licenses to open and use foreign currency accounts abroad

Granting licenses to open and use foreign currency accounts abroad

Licensing to open and use foreign currency accounts abroad is an important issue that businesses need to pay attention to in the field of international investment. This is considered a…
Establish an insurance joint stock company in Vietnam

Establish an insurance joint stock company in Vietnam

The need for financial protection for Vietnamese people and businesses is increasing, leading to a potential insurance market. Vietnam has issued many legal documents to manage private insurance business activities,…
Set up a company in Vietnam based on division

Set up a company in Vietnam based on division

For companies established based on company division, business registration is an important step. The business registration process ensures legal compliance and creates favorable conditions for the operations of newly established…

CONTACT VIET AN LAW

Hanoi Head-office

#3rd Floor, 125 Hoang Ngan, Hoang Ngan Plaza, Trung Hoa, Cau Giay, Hanoi, Vietnam

info@vietanlaw.com

Ho Chi Minh city office

Room 04.68 vs 04.70, 4th Floor, River Gate Residence, 151 – 155 Ben Van Don Street, District 4, HCM, Viet Nam

hcm@vietanlaw.com

SPEAK TO OUR LAWYER

English speaking: (+84) 9 61 67 55 66 - Lawyer Dong Van Thuc ( Alex) (Zalo, Viber, Whatsapp, Wechat)

Vietnamese speaking: (+84) 9 33 11 33 66 - Dr. Lawyer Do Thi Thu Ha (Zalo, Viber, Whatsapp, Wechat)