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Consultancy on procedures for setting up a representative office - VietAustralia Audit.

One of the services being explored in recent times is the service of setting up a representative office. So what is a representative office? What is the procedure for setting up a representative office? Or join us to find out through the following article.

Some details about the service of setting up a representative office

What is a representative office?

Representative office is a affiliated unit of an enterprise, representing by authorization for the interests of the enterprise. The business fields and lines of the representative office must correspond to the business fields and lines of the enterprise. Enterprises have the right to set up their representative offices in domestic and foreign provinces and cities in order to perform functions and meet business needs of enterprises.

Features of representative office:

First, a representative office is a part associated with an enterprise's operations, with functions of promotion, marketing and transaction.
Secondly, a representative office has no legal status, but is only an authorized representative place of the enterprise to protect the interests of the enterprise as authorized.
Third, the main function of a representative office is to represent an authorized enterprise, so a representative office is not allowed to conduct business activities, or other activities with the purpose of generating profits. However, a representative office can sign contracts or perform transactions with partners under the authorization and permission of the enterprise.

Representative offices have the following advantages and disadvantages:

About advantages:

The biggest advantage is that the representative office of the company does not have a business function, so there are no procedures related to taxes and excise taxes.
Representative offices will research activities and then provide information for businesses to access new markets and partners.
Enterprises can set up representative offices in any province in the country, including abroad, convenient for expanding markets and promoting their brands to many places.

About the cons:

The biggest disadvantage of a representative office is that it cannot generate business as well as generate profits.
When a representative office changes its head office to another location, it still has to confirm tax obligations.

Some notes for the establishment of a representative office

The first is the problem of naming the representative office: It must be written with the letters of the Vietnamese alphabet, the letters F, J, Z, W, numbers and symbols. In addition, when naming a representative office, avoid naming the same name with pre-registered businesses.
Second, about setting the head office address of the representative office. When declaring the address of the representative office's head office, the Company must specify the specific, detailed and clear address.
Third, about the operation of the representative office. The representative office performs the task of market research, market exploration, product or service introduction, receiving dossiers, vouchers and documents for the parent company and especially does not have the function of performing such activities. business action.
Fourth, about the representative of the office. The representative must satisfy all conditions of civil act capacity and other conditions prescribed by law.

II. Procedures for setting up a representative office:

Documents customers need to provide to carry out the procedures for setting up a representative office:

Customers when using the service, you only need to provide us with the business license of the enterprise to set up a representative office, along with the representative's ID/passport and documents and papers proving the legality of the company. legal address of the establishment of a representative office.

Procedures for setting up a representative office:

Procedures for setting up a representative office of an enterprise include the following steps:

Step 1: Prepare documents to establish a representative office.Customers refer to the representative office establishment records according to the guidance of VietAustralia Representative Office - Auditing Service.

Step 2: Submit an application to establish a representative office through the National Portal
For businesses that do not have a business registration account or register for the first time, register for an account at the website: https://dangkytinhdoanh.gov.vn
Enter business information to establish a representative office on the account;
After that, the enterprise scans the pdf file, pastes it on the account and submits it to the business registration office.

Step 3: The process of reviewing and processing the application of the business registration office:
The business registration office will issue a notice to amend and supplement the dossier in case the dossier is not accurate.
For valid documents, the enterprise prints a valid receipt and notice of online application submission, then submits it to the Business Registration Office.

Step 4: Get the result:
The registration agency will issue a certificate of establishment of a representative office for the enterprise after the application is accepted as valid.

Step 5: Engrave seal, announce seal sample:
Engrave the seal, publish the seal sample on the national portal and let the representative office of the enterprise officially come into operation.

III. Service of establishing representative office - auditing VietAustralia

Understanding the difficulties and complexities that businesses face in the process of establishing a representative office, Viet Uc auditing company with many years of experience in the field of business consulting, with a team of qualified professionals high, enthusiastic. We bring you special treatment, package services in the field of business in general and the service of establishing a representative office in particular.

When you choose our service, you will be using the most prestigious and professional service package. Just provide the necessary information of the business, we will help businesses shorten the travel time many times, all strict requirements, cumbersome business establishment procedures that you are worried about. solve for you.

Through this article, we hope to provide you with useful information, legal features for the process of preparing to establish a representative office, as well as the procedures for establishing a representative office. .