Table Of Contents
- 1. What is a branch of a foreign company according to Vietnamese law
- 2. Why do foreign companies choose to establish a branch in Vietnam?
- 3. How to establish a branch of a foreign company
- 3.1. Condition to establish a branch of a foreign company in Vietnam
- 3.2. The dossier of application for a Branch Establishment License
- 3.3. General conditions for dossiers of application for establishment licenses of branches
- 4. Where to register a Branch Establishment License
- 5. Process of registration of Branch Establishment License
- 6. Contact to establish a branch of a foreign company in Vietnam
1. What is a branch of a foreign company according to Vietnamese law
In the process of international integration, companies are tending to grow not only within the territory of a country, region but wish to expand the business to many countries by establishing branches, thus, extending their operation area around the world. In order to do that, these companies need to comply with the laws of the host countries where they establish their branches.
According to the current provisions of Vietnamese law, foreign companies may set up their branches in Vietnam in accordance with conditions and procedures prescribed by Vietnamese law.
The current Enterprise Law of Vietnam defines a branch of an enterprise is a dependent unit of the enterprise, is responsible for implementing all or parts of the functions of the enterprise, including the function of authorized representative. Accordingly, the concept of a branch of a foreign company in Vietnam can be understood as a dependent unit of the foreign company, established and operating in Vietnam under the provisions of Vietnamese law or Treaties that The Socialist Republic of Vietnam is a member.
2. Why do foreign companies choose to establish a branch in Vietnam?
A branch in Vietnam of a foreign company has the following rights:
>> See also: Consultant to establish a branch in Vietnam
3. How to establish a branch of a foreign company
3.1. Condition to establish a branch of a foreign company in Vietnam
A foreign company that wants to establish a branch in Vietnam must proceed with the procedure of registering for a Branch Establishment License. A foreign company may not establish more than one Branch with the same name within a province or city directly under the Central Government. Besides, the foreign company must also meet the following requirements:
>> See also: Consultancy on establishment of a branch for the enterprises
3.2. The dossier of application for a Branch Establishment License
3.3. General conditions for dossiers of application for establishment licenses of branches
- Documents issued or certified by competent foreign agencies must be consular legalized and translated into Vietnamese; The translation documents must be notarized in accordance with Vietnamese law.
4. Where to register a Branch Establishment License
Minh Khue Law Firm is currently a reputable and quality law firm to provide service of establishing a branch of a foreign company in Vietnam. Foreign companies can contact or come to Minh Khue Law Firm for advice and guidance on our services.
The establishment of a Branch of a foreign company is carried out by Foreign Investment Department of Minh Khue Law Firm at Room 2007, 20th Floor, C2 Building, Vincom Tran Duy Hung, Tran Duy Hung Street, Trung Hoa Ward, Cau Giay District, Hanoi street implemented.
The person in charge of the Foreign Investment Department of Minh Khue Law Firm:
Lawyer: To Thi Phuong Dzung
Email: [email protected] ;
Phone number: 0986 386 648
The dossier is filed in: Ministry of Industry and Trade of Vietnam
5. Process of registration of Branch Establishment License
6. Contact to establish a branch of a foreign company in Vietnam
Please contact: Minh Khue Law Company Limited
Address: Room 2007, 20th Floor, C2 Building, Vincom Tran Duy Hung, Tran Duy Hung Street, Trung Hoa Ward, Cau Giay District, Hanoi.
Phone number: 0986 386 648 - Lawyer: To Thi Phuong Dzung
Email: [email protected]
Sincerely thank you,
Foreign Investment Department - Minh Khue Law Company Limited