Foreign companies wanting to carry out market research before deciding to expand to Vietnam or planning to move supporting roles such as promotion and advertisement of the foreign company to Vietnam, can register a representative office and do not need to set up a separate legal entity or register a branch. The only restriction to the parent company is that it must be registered abroad for at least 1 year before a representative office can be registered.
Registering a representative office allows you to:
Emerhub will give you instructions on collecting the relevant documents for registering a representative office and will take care of the communication and submission of applications.
Companies who plan to earn revenue or conduct commercial activities should consider registering a branch, limited liability company, or joint stock company.
Type | Branch | Representative Office |
---|---|---|
Registration timeframe | Approximately 1 month | Approximately 1 month |
Suitable for | Investors planning to conduct commercial activities and earn revenue without registering a separate legal entity in Vietnam | Investors planning not to conduct any commercial activities and earn revenue, and who do not want to register a legal entity in Vietnam |
Restrictions | Parent company must be established for at least 5 years | Parent company must be established for at least 1 year |
Business activities | Activities are limited to the activities of the parent company | Activities are limited to market research and carrying out supporting roles such as finding trade investment opportunities and partners, advertising and promoting the parent company |
Corporate structure | At least one legal representative managing the branch’s day to day activities | At least one legal representative managing the representative office’s day to day activities |
Liability | Parent company’s liability is unlimited | Parent company’s liability is unlimited |
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