ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

Thứ Hai, 9 tháng 10, 2023

How do I Get a Business Registration Certificate in Vietnam?

How do I Get a Business Registration Certificate in Vietnam?

Each association and individual wishing to set up an unfamiliar claimed organization in Vietnam will have to meet a few particulars conditions as declared under the Law on Venture and Regulation on Big business. The investor will also need to check with the law governing the investment area in certain areas that are being considered as conditional investments. The investor must submit an application for business registration once the investment registration certificate is completed.

Business Registration Certificate in Vietnam


The following is a description of the procedure for applying for a certificate of enterprise registration for a limited liability company or joint stock company with two or more members:

Dossiers:

i) Application form for enterprise registration

ii) The company’s charter.

iii) A list of founding shareholders and shareholders being foreign investors/ a list of capital contribution members.

iv) Valid copies of:

Copies of the ID cards or other forms of identification for individuals who are founding shareholders and foreign investors or members; list of organizations that are authorized representatives of foreign shareholders.

The decision to establish the organization, the business registration certificate, or another similar document, along with the authorization letter; the identification cards or other forms of identification used by organizations' authorized representatives, such as founding shareholders and foreign investors.

A copy of the certificate of business registration or an equivalent document must be notarized, legalized, and authenticated if the shareholders are foreign organizations.

The foreign investors' Certificate of Investment registration, as required by the Investment Law.

State Authority: Business registration office of the province where the enterprise’s headquarters is situated.

Period: within 03 working days from the full receipt of the dossiers

Result: Business enrollment office will give the authentication of big business enlistment or on the other hand on the off chance that the application isn't palatable, business enrollment office will advise the candidate regarding important corrections and supplementation to organization.

The government of Vietnam generally supports direct foreign investment. In the event that the financial backer countenances difficulties at state authority, whom don't give notice or solicitation of supplementation to the application for big business enrollment, the financial backer virus hold up a grievance as endorsed by guidelines of regulation on protests and reprimand to the state power to safeguard its right in carrying on with work and interest in Vietnam. The investor could benefit from the assistance of a law firm in Vietnam with expertise in both business registration certificate and dispute resolution.

The venture is qualified for carry on with work from the issuance date of the endorsement of big business enlistment. Businesses are permitted to participate in conditional business lines if they meet all requirements and are able to maintain compliance with those requirements throughout their operations.

Thứ Hai, 18 tháng 9, 2023

7 Fundamental steps to comply with Vietnam laws and set up a busines

 7 Fundamental steps to comply with Vietnam laws and set up a business

In terms of business activities, Vietnam's economy is becoming more diverse, and business regulations are also constantly being improved. As a result, foreign investors are free to select the appropriate business. Therefore, when foreign investors discover business opportunities, setting up a company in Vietnam there is always a topic of great interest.



7 fundamental steps to set up a business include:

-Set up a business in Vietnam

-Publish the contents of business registration

-The enterprise conducts stamp engraving

-Open a bank account in Vietnam

-Register the tax declaration form in Vietnam

-The enterprise needs to conduct labor registration in Vietnam

-Register for social insurance in Vietnam

1.The first step is to set up a business in Vietnam

The investor must first choose the kind of business they want to start and provide the name and expected information before they can proceed with this step. Consequently, the enterprise establishment dossier will be prepared in accordance with regulations and submitted to the Department of Planning and Investment, Business Registration Office, of the location where it is anticipated to be headquartered. The company will receive a certificate of registration after submitting a valid application, and the contents of the registration will be posted on the National Business Registration Portal.

2.The second step is to publish the contents of business registration

Subsequent to being conceded an endeavor enrollment endorsement, a venture should make a public declaration on the Public Business Enlistment Entry.

3. In the third step, the enterprise conducts stamp engraving

Enterprises can demand to make a seal from the seal-making specialist. As a result, the company is solely accountable for the use of its legal entity seal and actively chooses the seal's type, quantity, form, and content.

4. Fourth step is that to open a bank account in Vietnam

At the moment, businesses have the option of choosing a bank to open an account for them. To do so, the bank needs an application form, a sample of the bank's seal, the company's charter, and a certificate. Business enlistment and related archives are expected by various bank.

5. The fifth step is to register the tax declaration form in Vietnam

As a result, businesses register to use e-invoices and notify their tax authorities of this use. Undertakings need to contact the receipt provider to arrange the printing of significant worth added receipt books and should enlist self-printed solicitations with charge specialists.

6. In the sixth step, the enterprise needs to conduct labor registration in Vietnam.

Enterprises register with the Department of Labor, War Invalids and Social Affairs to proclaim the utilization of work. The employer must fill out the required form and register with the Labor Department within thirty days of the start of business. Additionally, Enterprises should keep in mind that the labor contract and the Labor Code govern the relationship between employers and employees.

7.Seventh step is to register for social insurance in Vietnam.

Enterprises register with the Social Insurance Agency to proclaim the utilization of work. The employer must fill out the required form and register with the Social Insurance Agency within thirty days of the start of business. Additionally, businesses should keep in mind that the labor contract and the Labor Code govern the relationship between employers and employees.

It tends to be seen that setting up a business expects organizations to complete a ton of techniques and follow various guidelines of duty, banking, work, protection… Consequently, other than finding out about legitimate guidelines and organizations can look for the help of expert counseling firm in Vietnam with mastery and involvement with the field of business foundation to carry out the cycle rapidly and really.

Finding the right colleague in Vietnam is likewise significant. In order to identify potential risks when working together, we recommend conducting background checks on key personnel, gathering publicly available information about the company and individual shareholders, whether corporate or individual. Working with a dependable accomplice can assist with accomplishing monetary advantages, setting aside time and cash in business.

ANT Lawyers, a Vietnam-based law firm, may provide assistance in setting up business in Vietnam. We help clients who need legal help get certificates for investment, business registration, or other licensing procedures.

Thứ Tư, 23 tháng 8, 2023

What Are the Benefit of setting up business in Vietnam?

 What Are the Benefit of setting up business in Vietnam?

Vietnam has a coastline that is more than 3,000 kilometers long, and it is situated in a significant region of Southeast Asia. Vietnam's diverse geography includes mountainous, highland, and coastal areas that are suitable for general economic zones, making it an ideal location for the growth of the tourism and trade sectors. Investors can benefit from incentives for land finance, import and export taxes, and corporate income tax when setting up business in Vietnam.



Tax incentives for businesses: The corporate tax rate (CIT) in Vietnam has been gradually decreasing over the past few years. In the 2004-2008 period, CIT was 28%, in the 2009-2013 period it was 25%, from 2014 to 2015, 22% and from January 1, 2016 up to this point, 20%. In addition, the provision of high corporate income tax incentives for a number of essential fields that need to be encouraged for investment has contributed to the attraction of investment, the encouragement of business, the creation of favorable conditions for enterprises to increase accumulation, the increase in investment in the economy, and the promotion of growth, thereby encouraging investors to start businesses in Vietnam.

Tax incentives for imports and exports: Regulations have been added to the 2016 Import and Export Tax Law to exempt high-tech businesses, science-tech businesses, and science-tech organizations from paying import taxes on raw materials, materials, and components that cannot be produced domestically within five years of the start of production. There are also import and export tax incentives being applied such as:

(i)Goods imported for foreign processing are exempt from import tax, and products exported and returned to foreign parties are exempt from export tax;

(ii)The tax payment deadline can be extended to 275 days from the date of filing the customs declaration for goods that are imported for the purpose of processing and are exempt from tax, goods that are temporarily imported for re-export, and goods that are raw materials and supplies used in the production of exported goods; Taxes on goods temporarily imported for re-export may be paid 15 days after the expiration date;

(iii)The creation of fixed assets for investment projects in areas of special investment encouragement, investment promotion fields, and locality with difficult socio-economic conditions is exempt from import tax on goods.

Incentives on land finance: The general land rent can be reduced from 1.5 percent to 1 percent for foreign investors investing in Vietnam. Furthermore, the State likewise specifies the utilization of the land cost change coefficient in deciding the land cost to compute the land lease, consequently, making Vietnam progressively turning into a good objective to draw in unfamiliar speculation and company foundation in Southeast Asia.

In the spirit of the state ensuring the rights of the investors' ownership, investment capital, and other interests of foreign organizations and individuals, creating favorable conditions, and simplifying procedures for such organizations and individuals to invest in Vietnam, the development of a transparent and consistent investment legal system is also increasingly becoming a useful tool to promote inflows of foreign direct investment into Vietnam.

The international public considers Vietnam's foreign investment law to be more open and appealing than those of some of the countries in the region. For instance, the law allows for 100% foreign capital ownership, administrative procedures are simplified, and there is no discrimination between Vietnamese and foreign-invested businesses. The law has been changing to see investment and business as matters between businesses and investors, with investors having full authority to make decisions about everything from investment projects to the company's formation and operations, and the government only guiding, creating an open legal environment with favorable mechanisms and procedures, supervising, and enforcing the law.

ANT Lawyers - a law office in Vietnam will continuously circle back to experts for legitimate update on issues pertinent to venture enrollment or business setting-up in Vietnam.

Thứ Ba, 15 tháng 8, 2023

Legal Guidelines in Buying Property for Foreigners in Vietnam

Legal Guidelines in Buying Property for Foreigners in Vietnam

Vietnam has improved as a spot for outsiders to visiting and remaining. Many picked Vietnam as home and they come to Ho Chi Minh City, Ha Noi, Da Nang, Phu Quoc, Nha Trang… to purchase genuine property for residing. Numerous outsiders think about looking for understanding and with the warning of their real estate dispute attorneys in Vietnam to buy the property under their name for wellbeing assurance. There are various outsiders look to help out nearby Vietnamese under speculation consent to put resources into properties. It has forever been recommended the purchaser or financial backer to get legitimate guidance from real estate lawyers and law firm in Vietnam prior to committing the speculation partially.



As per the Law on housing 2005, foreign organizations and individuals putting resources into development of houses available to be purchased and rent in Vietnam reserve the option to possess the houses in Vietnam. Nonetheless, as per the arrangements of the Law on housing 2014, the house proprietors extend and incorporate outsiders being financial backers fabricating the houses under financial backer activities, unfamiliar associations working in Vietnam and unfamiliar people being permitted to enter Vietnam under the arrangements of the Law on Entry, Exit, Transit and Residence of Foreigners; furthermore, are not qualified for conciliatory honors and resistances.

Under the arrangements of the Law on housing 2014, unfamiliar associations and people are permitted to possess lofts, individual houses (villas and townhouses) in business lodging projects. The all out number of unfamiliar people/associations possessed doesn't surpass 30% of a high rise or doesn't surpass 10% or 250 places of a lodging project. Unfamiliar people might claim houses for as long as 50 years and are permitted to reach out for close to 50 years. Unfamiliar associations own the houses as indicated by as far as possible on the Investment Registration Certificate and the expansion time frame. During the hour of claiming the houses, unfamiliar people are permitted to sublease, yet unfamiliar associations are not permitted to sublease the houses.

For foreign individuals/organizations, while purchasing the houses in Vietnam, it is important to have a very much drafted deal for buy and offer of the houses since all freedoms and commitments connected with the buy, deals and responsibility for are managed in the agreement. Consequently, the purchaser ought to consider the agreement cautiously, generally with the assistance of real estate dispute lawyers in Vietnam whom comprehend Vietnam regulations prior to marking, to safeguard their genuine privileges and interests.

The foreigner while trading the houses, particularly off-plan house, need to likewise focus on the guidelines on installment plan for the agreement. As per Article 57 of the Law on housing 2015, the installment in the buy, deals, rent deals of the off-plan land in Vietnam is completed in portions, and the initial time should not surpass 30% of the agreement esteem, the following times should be as per the development plan, in any case, not surpassing half of the agreement esteem when not gave over when the purchaser is an undertaking with unfamiliar venture, not surpassing 70% the worth of agreement, in the event that the purchaser is the outsider individual the installment isn't surpass half the worth of the agreement prior to surrendering the house to the purchaser. Until the purchaser is given with an endorsement of land utilize right, responsibility for and different resources joined to the land, the purchaser will pay something like 95% the worth of agreement.

Foreigners in Vietnam should be helped to be know all about the regulations connecting with the buy and offer of real estate to safeguard their authentic privileges and interests while taking part in exchanges in Vietnam. The foreigners actually must consider utilizing the administrations of real estate dispute law firm in Vietnam having some expertise in land to advise and help manage the transaction.

Thứ Hai, 7 tháng 8, 2023

ANT Lawyers – International Law Firm in Vietnam

How ANT Lawyers – International Law Firm in Vietnam Could Help Your Business?

ANT Lawyers is a reliable law firm in Vietnam with English speaking lawyers and has been ranked as a leading law firm by well-known legal editorials, including The Legal 500. The firm is an exclusive Vietnam law firm member of Prae Legal, a global law firm network


ANT Lawyers – An International law firm in Vietnam has a team of experienced lawyers who can help with a wide range of legal matters, including:

Corporate law

M&A

Dispute resolution

Intellectual property

Real estate

Labor law

Tax law

Immigration law…

Related PostEnglish speaking law firm in Hanoi

Why you should choose ANT Lawyers?

-Experienced English speaking lawyers

-Strong international network

-Excellent reputation

-Reasonable fees

-Client satisfaction: ANT Lawyers has a high client satisfaction rating.

-Continuing education: The lawyers at ANT Lawyers are constantly attending continuing education courses to stay up-to-date on the latest legal developments.

Overall, ANT Lawyers is a reliable law firm in Vietnam that can provide you with high-quality legal services.

ANT Lawyers - Your Reliable Law Firm in Vietnam


Thứ Hai, 19 tháng 6, 2023

Professional law firm in Vietnam

 ANT Lawyers is a law firm in Vietnam with offices in Hanoi and Ho Chi Minh City. We are a Vietnam-based law firm that is a part of Prae Legal, a global network of 150 countries and five continents of law firms. We have developed relationships with lawyers from all over the world as a result of this network. ANT Lawyers are able to handle international cases involving foreigners because of this collaboration.

Professional law firm in Vietnam

We focus on providing potential solutions that best meet the requirements of business and legal clients as a reputable law firm in Vietnam. We help customers achieve their goals while protecting their interests, minimizing risks, and following the law.

We offer corporate and individual clients from all industries a comprehensive array of contentious and non-contentious legal services. We are able to offer guidance on a wide range of topics, from setting precedent to strictly procedural matters, thanks to our knowledgeable and highly skilled staff.

As a consequence of this, our clients can rest assured that, regardless of the case or transaction, our lawyers at the law firm in Vietnam possess the expertise necessary to provide legal guidance and service that is relevant to the business world.

Thứ Sáu, 2 tháng 6, 2023

Real Estate Legal Matters in Vietnam

Real Estate Legal Matters in Vietnam

In general, private ownership of land in Vietnam is prohibited because the land belongs to the people and is administered by the State of Vietnam. What then is available to purchase when it comes to real estate? What might the purchaser own? When someone wants to invest in real estate in Vietnam, they need to understand a specific definition, as the question would be posed to real estate dispute lawyers in Vietnam.

Real Estate Legal Matters in Vietnam


You may have the right to use land in Vietnam?

According to Vietnamese law, it is permissible to own a right to use land. The means by which foreigners and Vietnamese can lease land from the state are provided by this so-called Land Use Right (LUR) Certificate. The land users are able to safeguard their legitimate rights and interests thanks to this LUR Certificate. The transfer of the seller's rights to use the land and the rights to house ownership are both part of the real estate or house sale. The right to use land can be directly obtained in a variety of ways, including: the state's lease; sublease from a zone developer; transfer from another user of the land; transfer from the state. The legitimate reason for Land and House Law of Vietnam are specified in the Law on Lodging as well as in the Law Ashore. The freedoms and privileges of holders of house possession and the holders of the LUR Testament are gotten comfortable this regulation.

In the house ownership right certificate, the name of the person who owns the house must be written, and their rights include, for example, the right to possess; use; sell; lease; donate; exchange; loan or to allow others to remain briefly in the house. The person who holds the LUR and house possession endorsement is qualified for practice the full scope of freedoms over the land/house. The Certificate of Land Use Right and House Ownership Right (LURC) therefore combines land use rights and ownership of land assets.

Can foreigners buy houses in Vietnam?

However, due to the fact that Vietnamese, overseas Vietnamese, and foreigners do not all have the same rights, the individual or organization that wishes to do so determines the possibilities for acquiring land or houses. In Vietnam, acquiring land or a home was frequently quite challenging, particularly for foreigners. Before 2009, foreigners could only form a joint venture with a Vietnamese company and could not legally acquire property. Yet, the Goal No. 19/2008(ND-QH12) began allowing foreigners to own homes in Vietnam in January 2009, with the requirements that the foreigner 1) be employed by a company that is currently operating in Vietnam and 2) possess at least a temporary residence card in order to purchase and own an apartment unit in Vietnam. The Vietnamese Prime Minister is currently debating whether or not to extend this five-year piloting program, which will come to an end in 2014, in order to support the real estate market and make it more appealing to foreigners.

After the first five years, the government said it would review the pilot policy. The Ministry of Construction also said it would open up the possibility of letting foreigners buy houses regardless of whether they work and do business in Vietnam or want to buy real estate in Vietnam.

It is essential to remain current on all legal modifications and developments given that the real estate situation in Vietnam appears to be approaching a turning point. It is necessary to be aware of these legal circumstances in Vietnam because Vietnamese law has special provisions for every organization or individual who wishes to operate with land and real estates related to House Law.

How real estate dispute lawyers in Vietnam could help?

ANT lawyers are aware of the distinctions between Vietnamese and foreign house law provisions and can offer assistance in a variety of projects and matters involving land and houses, including land ownership and house purchase or sale. In addition to assisting clients with the necessary procedures with the Vietnamese authorities, our professionals are able to provide clients with guidance regarding the possibilities and risks associated with Vietnamese real estate and housing laws.

ANT Lawyers, as a reliable law firm in Vietnam always follow up real estate dispute cases and their development to update clients on regular basis.

Thứ Năm, 4 tháng 5, 2023

Tips for Foreigners to Follow When Setting up Company in Vietnam

Tips for Foreigners to Follow When Setting up Company  in Vietnam

For an outsider to a nation like Vietnam which open doors profit for business, it is endeavoring to make a business to work and grab the opportunity. After settling in, the entrepreneur might wonder, "How difficult it is to set up company in Vietnam or how challenging the business environment is for operating and doing business in Vietnam when dealing with administrative procedures from registering investment, setting up the company, complying with periodic reporting and tax declarations?" If you are reading this and feel like this, you are not alone. After the first eagerness feeling of potential business to generate, the entrepreneur might wonder "How difficult it is to set up company in Vietnam."


Tips for Foreigners to Follow When Setting up Company  in Vietnam

As a spot with an ideal topographical position and copious work assets, and developing shopper market, Vietnam is progressively growing unequivocally, turning into a nation drawing in worldwide speculation among Southeast Asia nations. Foreign investors must conduct research on Vietnam's policies, investment incentives, legal requirements, and the process and procedures for establishing a business in order to carry out effective investment activities. If international investors are considering investing in Vietnam, this will provide some quick advice on the fundamental factors they should take into account.

A person with far off ethnicity or an association laid out under unfamiliar regulation could enlist speculation and direct business exercises in Vietnam. Unfamiliar financial backers are allowed to take part in any legitimate business, nonetheless, there are a few explicit enterprises that financial backers should meet the expected circumstances to have the option to enroll speculation. There are a few areas in Vietnam where foreign investors cannot do business due to national security concerns or the state's monopoly.

An investor who wants to start a business in Vietnam must get a certificate of investment registration from an authorization agency, according to Vietnam law. The Investment Registration Certificate (IRC) will typically be issued within 15 days of receiving a valid dossier for an investment project. However, it is essential to allocate sufficient time for the preparation of the necessary documents, such as the application, financial report, bank balance, and personal documents. Before being submitted, many of these documents require apostille, also known as notarization, legalization, and translation into Vietnamese.  

Vietnam regulation doesn't need a base money to set up a business, with the exception of restrictive venture or business lines. In any case, financial backers are obliged to contribute capital as per the timetable expressed in the IRC and that the public authority has the privilege to demand the financial backer to make sense of the marketable strategy agreeable to them in view of the proposed speculation capital. On the off chance that the financial backer can't contribute sufficient capital as per the serious time limit, the equipped authority might apply sanctions, including denial of the IRC or the financial backer needs to change the IRC to mirror the real commitment of venture. After receiving the IRC, the investor must then submit a request for an Enterprise Registration Certificate (IRC), which must be obtained within five days of the date of submission of a valid dossier in order for the business establishment to complete its establishment.

Now that the company has established itself in Vietnam, it can officially sign a lease agreement, hire staff, and engage in business transactions to purchase or sell goods or services. The documents must be signed and sealed to be legally binding. The next issue is how to obtain a seal. When an organization was managed by the Public Security authority, it was more difficult to have a seal created for it after it was established. Legislators and business experts have been discussing the possibility of completely removing the seal from legal documents in Vietnam because the signature of the legal representative is the most crucial element. Throughout the time, the once severe regulation overseeing the seal issuance has been relax. However, in Vietnam, the seal is still very important because it shows the official notice, such as the decision by the business's legal representative to end a labor contract, along with the signature of the representative. or an unmistakable endorsement of a company's participation in a transaction to hire a factory construction company. The investor has the right to use multiple seals, subject to the terms of the company charter. The venture should send a notification to the business enlistment office where its administrative center is situated for distribution on the Public Business Enrollment Entryway prior to utilizing, modifying, obliterating, or changing the quantity of seals. The seal can be utilized beginning the day the warning system has been done and the seal test has been transferred on the Public Business Enlistment Entrance for confirmation reason.

In most jurisdictions, with the exception of tax haven nations, the investor is required to pay close attention to their tax obligations during the business's initial operation. However, Vietnam is not included on the exemption list. Every business is required to provide a tax declaration. Consistently, the business should pay various duties and expenses, for example, permit charges (in light of enlisted sanction capital); Corporate Personal Duty (CIT) when the organization creates gain; declare and pay Value Added Tax (VAT) on behalf of an individual on goods or services sold. declare and pay Personal Income Tax (PIT), or, in some instances, export and import tax, and land tax.

The investment project reporting regime must also be fully adhered to by foreign investors in accordance with the law. These reports will be issued on a regular basis (monthly, quarterly, or annually) regarding topics such as: compliance with tax payment obligations and periodic reporting to ensure timely implementation as prescribed will help the company avoid unnecessary risks such as administrative sanctions, business suspension, and penalties that could impact the business. implemented investment capital, business investment results, information on labor, employed foreign workers, and reports on environmental protection.

ANT Lawyers, the leading law firm in Vietnam, provides nationwide comprehensive legal services. The firm is made up of lawyers and attorneys who specialize in a variety of areas, such as investment law, labor law, corporate law, and other areas, and it provides clients with legal advice and representation. In addition to providing services that are professional and ethical, the company is committed to providing each client with the best possible solutions. ANT Lawyers Law Firm is a trusted partner for individuals and businesses in Vietnam.

Thứ Tư, 4 tháng 1, 2023

How Foreign Entity Could Set up a Branch Office in Vietnam

How Foreign Entity Could Set up a Branch Office in Vietnam

A foreign business entity or a foreign trader is allowed to set up a branch office in Vietnam to conduct business activities.



How to Set up branch office in Vietnam?

Having the right to conduct business activities and make profit are how a branch differs from a representative office in Vietnam. A branch depends on the foreign business entity that set-up the branch while a foreign owned company set-up in Vietnam exists by itself. The Vietnam Department of Industry and Trade will be approving the establishment of a branch office in Vietnam while Vietnam Ministry of Planning and Investment will be the State agency that coordinate the setting up a company in Vietnam.

In particular, the branch of a foreign business entity in Vietnam (referred to as the “Branch”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase and sale of goods and other commercial activities consistent with its licence for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.

The Branch will need to apply and obtain the establishment license; and have a seal bearing the name of the branch.

1. Rights of the Branch

-To rent offices and to lease or purchase the equipment and facilities necessary for the operation of the branch.

-To recruit Vietnamese and foreign employees to work for the branch in accordance with the law of Vietnam.

-To enter into contracts in Vietnam in accordance with the activities stated in the license for establishment of such branch and in accordance with the Vietnam Law.

-To open Vietnamese dong and foreign currency accounts at banks which are licensed to operate in Vietnam.

-To remit profits abroad in accordance with the law of Vietnam.

-To have a seal bearing the name of the branch in accordance with the law of Vietnam.

-To conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.

2. Requested Conditions for Establishment the Branch Office in Vietnam

A foreign company which has effectiveness business activities will be allowed to open the branch office in Vietnam if this company has real demand to open the market in Vietnam and meet some conditions as below:

-Being a trader recognized by the law of the country where it has been lawfully established or made its business registration;

-Having been operating for at least five years after its lawful establishment or business registration certificate in Vietnam.

3. Issuance the Certificate of Branch:

The issuance of the Certificate of Branch will be implemented by the Department of Industry and Trade Department after the foreign company meets all of conditions as Vietnam legal requirements.

The issuing period will be within 20 working-days after the date of submitting the full valid documents as requested.

With highly professional staff and great experience in investment in Vietnam, ANT Lawyers – English speaking law firm in Vietnam would like to support you to set up the branch office in Vietnam

Source ANTLawyers: https://antlawyers.vn/legal-service/establishment-of-the-foreign-traders-branch-in-vietnam.html