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Representative offices are dependent units of foreign traders or tourist enterprises which are established under Vietnamese law in order to seek or promote opportunities for commercial or tourist activities, but are are not allowed to directly engage in profit making business.
The cost of setting up a Representative Office is typically around US $700 which includes:
The following will usually be charged at cost or cost plus 5%:
Branches are independent units of foreign traders or tourist enterprises which are established under Vietnamese law to conduct commercial or tourist activities in Vietnam for direct profit making purposes.
A foreign trader or foreign tourist enterprise may establish one branch in Vietnam to deal in goods and/or services on the list of goods and services approved by the Vietnamese government.
The cost of setting up a Branch Office is typically around US $1250 which includes:
The following will be usually charged at cost or cost pls 5%:
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