In the context of economic integration, the situation of attracting investment capital from foreign companies into Vietnam is increasing. Therefore, the need to establish a representative office in Vietnam of FDI enterprises is becoming more popular than ever. Representative offices not only help businesses have a presence in Vietnam but are also an important bridge to reach customers, partners and potential markets. With a deep understanding of the provisions of Vietnamese law, the requirements that customers must comply with, the service of foreign representative office clerk will help your business reduce a lot of administrative work which requires both human resources, time and money to help customers wholeheartedly towards the core purpose of business and increase profits.
Table of contents
A foreign representative office in Vietnam is a form of operation of foreign companies, businesses and organizations in Vietnam. The representative office conducts the business of manufacturing or providing services to generate profits, which acts as a bridge between the foreign parent company and the Vietnamese market
Setting up a foreign representative office in Vietnam is a process by which a foreign company establishes a dependent unit in Vietnam. To establish a representative office, FDI foreign companies need to apply for an operating license at a Vietnamese state management agency. After obtaining the license, the company needs to complete the legal conditions and facilities. At the same time, recruit personnel to ensure that the representative office can operate in Vietnam.
The representative office needs to engrave its official seal and conduct operations.
Progress of capital contribution of shareholders/members in the enterprise (such as Certificate of capital contribution/share ownership) after establishment or when there is a change in capital.
Perform preparatory work (such as notifying and sending notice of meetings, drafting meeting agendas, meeting contents) and participating in meetings as a secretary to draft meeting minutes and resolutions in meetings of the General Meeting of Shareholders, the Board of Directors, etc Members and the Board of Directors at the request of the enterprise
Participate in drafting/finalizing and submitting compulsory periodic reports of enterprises (including foreign enterprises established under the Law on Enterprises) to State agencies, including: reports related to investment (domestic or outgoing), reports related to foreign workers; Monitor and send reminder notifications to businesses when the deadline for submitting reports is due
Translation of documents from Vietnamese to English and vice versa; copying and notarizing administrative documents of enterprises at competent agencies
Including legal documents of enterprises, subsidiaries, member units or affiliates, branches, representative offices, business locations, seals, charters, internal management regulations, meeting minutes, resolutions, shareholder registers (member registers), diplomas, etc certificates, licenses, prospectuses (for securities companies), reports of the Control Board, conclusions of inspection agencies, conclusions of auditing organizations, accounting books, accounting vouchers, financial statements, letters and other administrative documents of enterprises
Detailed reports to the management of the enterprise upon request; monitor and send reminders to the Board of Directors about meeting schedules and work schedules
Assist in searching for information, legal documents and updating legal documents in specific or general fields.
If you have any difficulties or questions related to tax accounting services for the representative office of foreign traders, please contact Viet An Tax Agent for the most specific advice.
