It is possible for foreign invested company (FIC) to setup a Branch in other city of Vietnam. However, it should be noted that in order to run the Branch, FIC must appoint a person as a Director of such Branch.
For ease of reference, hereinafter is an overview roadmap of licensing procedures for registration of the Branch in other city of Vietnam:
|
Step 1 |
Step 2 |
Step 3 |
Step 5 |
|
Preparation of application dossier |
Submission of application dossier to Provincial Department of Planning and Investment |
Provincial People’s Committee grant the Registry of Branch |
Amendment of Investment of FIC Vietnam to reflect the new Branch |
Time frame
| Step 1 | 5-7 working days from receipt of necessary information and documents from FIC |
| Step 2 | 01 working days from receipt of signed and sealed documents from FIC |
| Step 3 | 20-30 working dates from submission of dossier to Provincial Department of Planning and Investment |
| Step 4 | 5-10 working days from submission of application dossier to Provincial Department of Planning and Investment |
