Setting up a representative office in Vietnam is a smart and economical choice for foreign companies. The main expenses are government fees for licensing, office rent, and staff salaries. No investment capital is needed, making it a low-risk entry into a promising market.
Benefits of a Representative Office
- Market Entry: An RO provides a low-risk way to understand local market conditions and consumer behavior before making larger investments.
- Brand Presence: It helps promote your brand and build valuable relationships with local businesses and customers.
- Cost-Effective: Operating an RO is cheaper than other business forms. It involves no investment capital, incurs no taxes, and has lower setup and operational costs.
- Simplified Setup: Establishing an RO is straightforward and involves fewer compliance requirements than subsidiaries or branches.
Key Features of a Representative Office
- Limited Activities: An RO can conduct liaison work, market research, and promote business opportunities. It can hire both local and foreign staff.
- No Profit-Generating: The RO cannot enter into business contracts, issue invoices, receive payments, or provide services for a fee.
- Dependence: The RO operates under the parent company’s authority and is financially dependent on it.
- Temporary Structure: The operation duration is typically five years, with possible extensions.
Are you looking to make a strategic move into Vietnam? Dive into the market with confidence using Warren B’s Vietnam Company Registration services. We ensure a seamless and efficient setup process, so your business can start strong.
Vietnam Company Registration with Warren B – Proven 25-day Effective Process
Kickstart your business in Vietnam effortlessly with Warren B’s efficient registration process. Here’s how we do it:
- Document Preparation: Gather required documents including passport, business license, bank balance statement, and office leasing contract.
- Service Contract: Sign a service contract with Warren B to begin the process.
- Paperwork Submission: Warren B prepares all necessary paperwork and sends it to you for approval.
- Document Collection: Submit signed documents and required copies to Warren B.
- Government Submission: Warren B handles the submission of your documents to the relevant government authorities.
- Receive Certificates: Within 20-30 working days, receive your Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC).
Why Choose Warren B?
- Expert Consultation: We provide hassle-free, expert guidance to navigate government requirements, reducing confusion and stress.
- Fast Process: Our process is designed to be quick and fully online, ensuring you receive support whenever needed.
- Transparent Pricing: We offer clear quotes with no hidden fees, detailing everything included in our service.
Select the Suitable Structure for Your Business
Choose the business structure that fits your needs with Warren B’s expert guidance:
Joint Stock Company
- Requires a minimum of 3 owners.
- Suitable for 100% foreign-owned ventures or joint ventures.
- Setup time: 20-30 working days
Limited Liability Company
- The most common structure for foreign investors.
- Suitable for single or multiple owners.
- Can be 100% foreign-owned or a joint venture.
- Setup time: 20-30 working days.
Representative Office
- Ideal for foreign companies looking to explore the market.
- No shareholders or partners are required.
- Fully owned by the head office.
- Setup time: 20-30 working days.
Start your journey today with Warren B’s Vietnam Company Registration services for a seamless, efficient, and transparent business setup process. Let us help you make your business dreams a reality in Vietnam.