Does your company intend to invest in Vietnam under BCC contract? Does your company want to establish an operating office? What does a dossier include? T2H Lawyers would like supply a detailed article in this following post.
Article 49 of Law on investment pescribes about how to establish an operating office for foreign investor under BCC contract:
- Foreign investors under a business cooperation contract may establish an operating office in Vietnam to execute the contract. The location of the operating office shall be decided by the foreign investors.
- The operating office of a foreign investor in a business cooperation contract has its own seal; the foreign investor may open an account, hire employees, sign contracts, and do business under the business cooperation contract and Certificate of registration of operating office.
- The foreign investor shall submit the application for registration of operating office to the registry office where the operating office is intended to be located.
Your company has to prepare some documents listed below:
a) An application form which specifies the name and address of the representative office in Vietnam (if any) of the foreign investor; name, address of the operating office; contents, duration, and operating scope of the operating office; full name, residence, ID number or passport number of the head of the operating office;
b) The foreign investor’s decision to establish an operating office;
c) A copy of the decision to appoint the head of the operating office;
d) A copy of the business cooperation contract.
Timeline: Within 15 working days from the receipt of the application, the registry office shall issue the Certificate of registration of operating office to the foreign investor.
Please contact us for detailed advice.
T2H Law Liability limited company
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