Procedure of license of foreign Representative Office in EPZ & IZ of HCMC
Date: 5/16/2009 10:55:55 AM
HEPZA has issued Decision No. 997/QĐ-BQL-KCN-HCM dated 07/5/2009 on promulgation of procedure to grant, modify, re-grant, extend and terminate of operation to the license of foreign Representative Office in EPZ & IZ of HCMC.
Procedure of license of foreign Representative Office in EPZ & IZ of HCMC.
According to the current Commercial Law, the foreign Representative Office in Viet Nam is a dependent unit of the foreign trader, established to conduct market survey and other commercial promotion activities such as promoting and seeking opportunities for the purchase or sale of goods and provision of services (including sale promotion, commercial advertisement, display and exhibition of goods and services, and trade fairs and exhibitions...).
Decree 72/2006/NĐ-CP dated 25/7/2006 of the Goverment stipulated on detailing the Commercial Law’s regulations on Representative Offices, Branches of foreign businesses in Viet Nam states the conditionals to get the license for establishment of Representative Offices as follows:
Being recognized as legal business by countries or territories (jointly known as countries) of business registration; having operation for no less than 01 year since legal establishment or valid business registration in the countries of origin; The time of process is 15 working days starting from the received day with correct files. The fee of granting of license is 1 million VNĐ per permit.