A representative office is one of the easiest ways to establish a legal business presence in Vietnam. It is a form that many foreign companies take during early development stages of investing in Vietnam. A representative office is basically a legal agent of the foreign company that is permitted to engage in price negotiations, provide quotations, participate in tenders, and sign procurement agreements. However, a representative office is not permitted to engage in income-generating business activities such as signing sales contracts, providing services, or receiving funds from clients.
Advantage of Representative Office
Disadvantage of Representative Office
Procedure for setting up a Representative Office
Only businesses recognized as legally established companies in a foreign country are allowed to establish a representative office in Vietnam.
The foreign investor should submit an Application form with the DPI and obtain its letter of approval.
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