What is a company branch? How to set up a company branch under the law of Vietnam?

How to set up a branch of a company under the law of Vietnam?
LEGAL BASIS: 
- The Law on Enterprise 2014

ANSWER: 
Firstly, A branch is a dependent unit of the enterprise, having the task of performing all or a number of the functions of the enterprise, including the function of authorized representation. The business lines of the branch must be those of the enterprise.

In arcordance with Article 46 of the Law on Enterprise 2014, An enterprise may establish branches and representative offices in Vietnam and overseas. An enterprise may establish one or more than one branch and representative office in one locality by administrative boundary. Thus openning a branch is a legal right of every companies under the laws of Vietnam. 

An enterprise that wishes to establish a branch shall send a dossier for registration of operation of the branch to the competent business registration agency of the locality where its branch  is located. A dossier must comprise:

  • Notification of branch or representative office establishment;
  • Copies of the establishment decision of the branch of the enterprise and the minutes of the meeting on the establishment; copy of citizen or people’s identity card or passport or another valid personal identification paper of the head of the branch.

The business registration agency shall consider the validity of the dossier and grant the operation registration certificate of the branch or representative office within 3 working days after receiving the dossier.

Kind regards

BÀI VIẾT CÙNG CHUYÊN MỤC