Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is Permanent Account Number in India?
- November 2013
- Free Access
Permanent Account Number is necessary for many financial transactions in India. It can be obtained by submitting an application to whom accompanied by the applicant’s proof of residence and identity.
Q&A
Where would it be an efficient location to set up an Indian company?
- November 2013
- Free Access
There are Special Economic Zones in India that foreign investors can take advantage of. There are, principally, 4 kinds of Special Economic Zones: Special Economic Zones for Multiple Sectors; Special Economic Zones for Specific Secto...
Q&A
What are the advantages of setting up a business in Special Economic Zones in In...
- November 2013
- Free Access
There are many incentives for foreign investors to begin their trading business in Special Economic Zones. These incentives include non-exhaustively: Duty free importation of required machinery, production lines and related equipment; Duty free i...
Q&A
How can a foreign investor set up a Vietnamese representative office?
- November 2013
- Free Access
The following steps are recommended: Finding a suitable location; Obtaining an operational license from the provincial Department of Trade; Representative office official stamp registration; Opening bank account; and Three consecutive announce...
Q&A
What can a Vietnamese representative office do?
- November 2013
- Free Access
The following functions are allowed legally to be carried out by representative offices in Vietnam: To function as a liaison office for a parent company and any of its subsidiaries; To promote the expansion of economic, trading, scientific and te...
Q&A
What parameters are used to evaluate the operation of representative office in V...
- November 2013
- Free Access
The operations of representative office can generally be reflected by the total number and value of its transactions, contracts and projects, as well as the total number of staff, during the operation year. But the following factors may be helpful in...
Q&A
Why should the representative office in Vietnam be upgraded?
- November 2013
- Free Access
A number of restrictions on representative offices may disadvantage their operations, namely: Representative offices are not allowed to sign contract directly with any clients without valid power of attorney from the parent company; Representativ...
Q&A
How to upgrade a Vietnamese representative office to other entities?
- November 2013
- Free Access
First, the legal form of the new entity must be considered and chosen. There are 3 entities that a representative office can upgrade to: A branch office; A 100% foreign-owned enterprise; or A joint venture with local partner. For the establis...
Q&A
Why would a company or representative office be dissolved in Vietnam and how lon...
- November 2013
- Free Access
There are various reasons to the dissolution of company or representative office – here is the list of most happened circumstances for companies: If the operation period stated in the company charter expires and not extended; If the legal o...
Q&A
What documents are needed to dissolve a company in Vietnam?
- November 2013
- Free Access
The owner of the company will need to issue a statement of the decision of dissolution, which must include: Company name; Head office address; Business registration number; Reason(s) for dissolution; Deadlines and procedures to work out the li...
Q&A
How should the company debts be settled in order to dissolve my company?
- November 2013
- Free Access
The company shall set up meeting to liquidate its assets. The subsequent minute of such meeting shall be comprised of: The time and place of the meeting; The establishment of the liquidation team; The complete list of assets owned by this compan...
Q&A
How to close a VIetnamese company that is registered with an import-export tax c...
- November 2013
- Free Access
The import-export tax code must be closed when the company is dissolved. Dissolution of company must follow the standard procedures, which may take around six months. During the dissolution of the company, a letter to the General Department of ...
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