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

Termination representative of foreign traders in Vietnam

It is essential to terminate representative office in Vietnam when representative office is not on demand for continuing operating or foreign company has established business organization in Vietnam. Viet An Law Firm is honored to confirm that we have been working in this field for a long time, which gives us precious experience and we would like to  provide clients full-service of procedure of terminating representative office of foreign company in Vietnam.

Termination representative of foreign traders in Vietnam

Legal foundations:

  • Law on Commerce 2006;
  • Decree No. 07/2016detailed regulations on the establishment, operation, rights and obligations of representative offices and branches of foreign traders in Vietnam under the law on Commerce;
  • Circular No.11/2016 guidelines for the Law on Commerce in terms of Representative offices and branches of foreign traders in Vietnam

The crucial steps of terminating representative of foreign traders in Vietnam:

  1. Performing the obligation of tax finalization with tax department; the obligation of insurance with social insurance agency for employees (if any), the obligation of finance with employees (if any);
  2. Returning Representative office s’seal to Police agency;
  3. Managing procedure to return License for establishing Representative at Department of Industry and Trade;

Documents that representative office needs to provide Viet An Law Firm:

  1. Report of representative office s’ operation submitted Department of Industry and Trade from the establishing date to now (Notice: The critically described contents, such as: number of employees working at representative office, the amount of payment for medical insurance, social insurance, personal income tax (if any), operation of representative office in Vietnam;
  2. License of establishment of representative office;
  3. Certificate of representative office s’ seal;
  4. Specification form of personal income tax of entire employees working at representative office from the establishing date;
  5. Receipt of personal income tax payment of entire employees working at representative office from the establishing date;
  6. Finalization of personal income tax payment of entire employees working at representative office from the establishing date;
  7. Statement of representative office s’ bank account;
  8. Representative office s’ fund in cash;
  9. Payment statement form of entire employees working at representative office from the establishing date;
  10. Contract of leasing office, receipt for in Vietnam;
  11. Notification of the tax identification code of representative office;
  12. Representative office s’ seal (Notice: only when revoking seal, representative office transfers it to Viet An);

Notice: If representative office is investigated by the state-authorized agency, comparison which discovers the dissimilarity between papers and reality, recognizes unspecified expenditure, representative office shall be dealt with as prescribed by law. The processing period could be extended and that period will not be counted in the period Viet An has committed.

The tasks which Viet An Law Firm would perform to terminate representative office of foreign traders in Vietnam:

  • Working with tax agency on behalf of representative office, insurance agency (if any);
  • Consulting posing issues regarding to terminating representative office;
  • Compiling dossier of terminating representative office according to related regulations;
  • Returning representative office s’ seal;
  • Notifying Department of Industry and Trade of eliminating representative office s’ name in representative office register;

Table of contents

Hide

    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…
    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…
    Set up a customs clearance service company in Vietnam

    Set up a customs clearance service company in Vietnam

    Along with the development of today’s society, the need to keep up with the trends of the times is increasingly enhanced and expanded, making the customs clearance service industry play…

    CONTACT VIET AN LAW

    Termination representative of foreign traders in Vietnam

    Hanoi Head-office

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

    info@vietanlaw.com

    Termination representative of foreign traders in Vietnam

    Termination representative of foreign traders in Vietnam

    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

    Termination representative of foreign traders in Vietnam

    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)