Company/ Representative Office Formation

According to Clause 1, Article 33 of Decree 01/2021/ND-CP, within 3 working days from receiving a valid application, the Business Registration Office will issue the Enterprise Registration Certificate.

If the application is incomplete or the company name does not comply with regulations, the registration authority must notify in writing the necessary amendments or supplements within 3 working days from the date of receipt.

However, in practice, processing may take longer, typically around 7-10 working days, if there are no objective issues or force majeure events.

Under the current Enterprise Law, businesses have the right to declare their charter capital when setting up and are responsible for the registered amount.

Only sectors with prescribed capital requirements must declare capital according to regulations. In these cases, businesses do not need to prove the source of capital but must take responsibility for the declared amount and ensure sufficient charter capital if the sector has specific requirements.

Yes. Businesses have the right to change their business lines and charter capital after establishment. Such changes must be updated with the Business Registration Office and comply with current legal regulations. For certain sectors with prescribed capital or specific requirements, businesses must ensure the new capital meets the regulations before registering the change.

No. A representative office cannot operate independently and must belong to an established parent company. In Vietnam, a representative office serves as a subsidiary unit, handling introduction, trade promotion, and marketing activities for the parent company, but it is not allowed to conduct direct business. Therefore, to establish a representative office, the business must have a legally registered parent company or branch.

No. A representative office is not allowed to engage in direct business. It may only carry out activities such as introducing and promoting products/services, market research, and trade promotion on behalf of the parent company or branch in Vietnam. Any profit-generating activities, such as signing sales contracts or providing services, must be conducted through the parent company or branch.