Opening a representative office or establishing a company in Vietnam requires obtaining certain licenses and permits from relevant authorities. The process involves submitting documentation like the parent company's business registration and financial statements, as well as appointing a chief representative. A representative office license is valid for 5 years and can be renewed. Representative offices are limited to non-profit activities like liaison and market research. Establishing a company generally takes about a month and requires documents like an investment registration certificate and business registration certificate.
1. The document discusses the process and benefits of establishing a Wholly Owned Foreign Enterprise (WOFE) in China. It outlines 11 steps to complete the process, including obtaining approvals from various government agencies and opening business and bank accounts.
2. Some key benefits of establishing a WOFE include the ability to accept payments in China, legally employ Chinese and foreign staff, and obtain legal protections for the business and intellectual property.
3. The minimum registered capital required to establish a WOFE in Kunming is 100,000 Chinese yuan. Higher levels of capital or business in certain industries require approvals from different government agencies.
When doing business in Vietnam, the business people find benefits to set up company as a separate legal entity for various purposes i.e. to have an entity to sign contract, open bank account, hire personnel and pay them properly, and to deduct expenses for tax optimization. The most popular form is to set up limited liability company in Vietnam (LLC).
Visit us:
procedural requirements & Compliance requirements for establishing a compan...kartheek reddy
To establish a company in India, it must be registered with the Registrar of Companies where it will be located. The company must be organized according to the Companies Act of 1956 and necessary registration forms must be filed. Directors must be appointed by completing proper identification forms. Foreign companies can open branch offices in India to represent parent companies, conduct research, engage in export/import, and promote technical/financial collaborations by submitting applications to the Reserve Bank of India. Ongoing compliance requirements for companies in India include filing annual corporate and withholding tax returns, paying excise/service taxes, and meeting RBI reporting obligations.
Company incorporation1, Possible legal structures of doing Business in Pakist...FAST NUCES
the presentation is about the company incorporation and it has possible legal structure of doing business that is required for Pakistan is included. Moreover, it has also steps of partnership and sole proprietorship that are required for registration. It has also included the private and public limited companies companies and Co incorporation& Compliance Department, Company Law Division.
Hong Kong and Chinese companies overview:
- Advantages of a Hong Kong company include no foreign exchange controls, low taxes, and ease of access to China for business. Requirements include shareholder and director documents.
- Chinese companies include representative offices, wholly foreign owned enterprises (WOFE), and joint ventures. Representative offices cannot issue invoices but WOFEs and joint ventures can conduct business.
- Setting up any company in China requires documents like rental agreements and notarized documents, with timelines of 3 weeks for representative offices to 1-2 months for WOFEs and joint ventures. Capital must also be deposited for WOFEs and joint ventures.
This document provides guidance on establishing and operating a business in Thailand. It discusses the procedures for forming different types of companies, including private limited companies and public limited companies. The key steps involve reserving a corporate name, filing a memorandum of association, holding a statutory meeting, registering the company, and obtaining necessary tax and social security documents. The document also outlines reporting requirements such as maintaining proper books and records. Overall, it serves as a comprehensive guide for both Thai and foreign businesses on the legal and regulatory processes for setting up and running a business in Thailand.
OBJECTIVE
Sri Lanka is an upper middle-income country. The island of Sri Lanka is emerging as one of the most attractive investment locations in the South Asian Region. In this webinar we will be having insights about doing business in Sri Lanka where the focus will be only on foreign companies and corporations doing business in Sri Lanka.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
1. The document discusses the process and benefits of establishing a Wholly Owned Foreign Enterprise (WOFE) in China. It outlines 11 steps to complete the process, including obtaining approvals from various government agencies and opening business and bank accounts.
2. Some key benefits of establishing a WOFE include the ability to accept payments in China, legally employ Chinese and foreign staff, and obtain legal protections for the business and intellectual property.
3. The minimum registered capital required to establish a WOFE in Kunming is 100,000 Chinese yuan. Higher levels of capital or business in certain industries require approvals from different government agencies.
When doing business in Vietnam, the business people find benefits to set up company as a separate legal entity for various purposes i.e. to have an entity to sign contract, open bank account, hire personnel and pay them properly, and to deduct expenses for tax optimization. The most popular form is to set up limited liability company in Vietnam (LLC).
Visit us:
procedural requirements & Compliance requirements for establishing a compan...kartheek reddy
To establish a company in India, it must be registered with the Registrar of Companies where it will be located. The company must be organized according to the Companies Act of 1956 and necessary registration forms must be filed. Directors must be appointed by completing proper identification forms. Foreign companies can open branch offices in India to represent parent companies, conduct research, engage in export/import, and promote technical/financial collaborations by submitting applications to the Reserve Bank of India. Ongoing compliance requirements for companies in India include filing annual corporate and withholding tax returns, paying excise/service taxes, and meeting RBI reporting obligations.
Company incorporation1, Possible legal structures of doing Business in Pakist...FAST NUCES
the presentation is about the company incorporation and it has possible legal structure of doing business that is required for Pakistan is included. Moreover, it has also steps of partnership and sole proprietorship that are required for registration. It has also included the private and public limited companies companies and Co incorporation& Compliance Department, Company Law Division.
Hong Kong and Chinese companies overview:
- Advantages of a Hong Kong company include no foreign exchange controls, low taxes, and ease of access to China for business. Requirements include shareholder and director documents.
- Chinese companies include representative offices, wholly foreign owned enterprises (WOFE), and joint ventures. Representative offices cannot issue invoices but WOFEs and joint ventures can conduct business.
- Setting up any company in China requires documents like rental agreements and notarized documents, with timelines of 3 weeks for representative offices to 1-2 months for WOFEs and joint ventures. Capital must also be deposited for WOFEs and joint ventures.
This document provides guidance on establishing and operating a business in Thailand. It discusses the procedures for forming different types of companies, including private limited companies and public limited companies. The key steps involve reserving a corporate name, filing a memorandum of association, holding a statutory meeting, registering the company, and obtaining necessary tax and social security documents. The document also outlines reporting requirements such as maintaining proper books and records. Overall, it serves as a comprehensive guide for both Thai and foreign businesses on the legal and regulatory processes for setting up and running a business in Thailand.
OBJECTIVE
Sri Lanka is an upper middle-income country. The island of Sri Lanka is emerging as one of the most attractive investment locations in the South Asian Region. In this webinar we will be having insights about doing business in Sri Lanka where the focus will be only on foreign companies and corporations doing business in Sri Lanka.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
Establishing a foreign invested company in vietnamHongDuc To
Establishing a foreign invested company in Vietnam follows several key steps:
1. Registering the investment objectives statement with the provincial government.
2. Obtaining an Enterprise Registration Certificate from the Department of Planning and Investment.
3. Receiving an Investment Registration Certificate, also from the Department of Planning and Investment.
4. Publishing the establishment of the foreign invested company.
Additional steps include opening bank accounts, getting a company seal, and applying for necessary business licenses. Using an experienced law firm can help navigate Vietnam's registration requirements for foreign investors.
A corporate group exists when there is a relationship of subordination (control) between companies, along with a shared purpose and management determined by the parent company. The controlling company must register the corporate group within 30 business days with the Commercial Registry. Failure to register on time can result in sanctions from the Superintendence of Companies of up to 200 minimum legal monthly salaries. An affiliate is directly controlled by a parent company, while a subsidiary is controlled by subordinated companies of the parent.
Latest Updates on Thailand's Laws and Regulations on Business AcquisitionsLawPlus Ltd.
- Updates on laws and regulations related to business acquisitions
- Legal issues for acquisitions of shares by foreign investors
- Disclosure requirements and procedures for acquisition of shares in listed companies
- Regulatory authorities involved with business acquisitions
The document provides information about registering a company in Cyprus. It discusses the types of business entities that can be registered, the registration process, costs, and post-registration obligations. The registration process typically involves hiring a lawyer, reserving a company name, preparing legal documents, submitting the application, and receiving approval from the Registrar of Companies within 1-2 weeks. Costs include registration fees of €165-€265 paid to the Registrar and additional legal fees. Once registered, companies must register for tax, VAT if applicable, and file annual financial statements and tax returns.
The document outlines the procedures for closing different types of businesses in the UAE, including sole proprietorships, company branches, and civil works companies. It discusses filling out cancellation forms, submitting required documents like trade licenses and board resolutions, canceling visas and work permits, and obtaining cancellation certificates from authorities. It also describes a two-phase process for closing companies, which involves appointing a liquidator, publishing a liquidation notice, collecting declarations, canceling licenses, and removing the business from the registry.
The document provides an overview of the Foreign Contribution (Regulation) Act (FCRA) in India. The key points are:
1. The FCRA regulates acceptance of foreign donations by organizations in India and is administered by the Ministry of Home Affairs. Organizations must register under the FCRA to accept foreign contributions.
2. To register, an organization must have cultural, social, educational, religious or economic objectives. It must open a designated bank account and agree to only use that account for foreign funds.
3. Foreign contributions include donations of currency, goods, or securities from foreign sources such as foreign governments, companies, or individuals. Registered organizations must submit annual reports on foreign
To start a business in South Africa, several administrative procedures must be followed. These include registering the company with the South African Registrar of Companies within 21 days, and registering with tax authorities as a taxpayer, VAT vendor, and for income tax deductions. Businesses employing staff must also register with the Department of Labour for unemployment insurance and local authorities for specific industries. Foreign nationals wishing to start a business need to obtain a business permit, which requires investing at least R2.5 million and creating jobs for South African citizens.
Residence Permit in Lithuania. LTIP.EU is a Consultancy Company focus in finding the best solutions for businessmen and investors for legal process and establishment the business in lithuania.
Establishing foreign branches abroad by indian companyVineeth T
Setting up a branch office abroad involves several steps and requirements. An Indian company can establish a branch office outside India to conduct normal business activities. The key steps include obtaining board approval, appointing an authorized representative, opening a bank account, and filing required forms and applications with the RBI through an Authorized Dealer along with supporting documents. The branch office must promptly report bank account details to the Indian company's banker and repatriate any profits to India. Specific requirements may apply depending on the host country location of the branch office.
1. The document outlines the structure and roles of an export organization, including marketing, commercial, and staff personnel.
2. It describes the process for obtaining an Importer Exporter Code (IEC) number, including opening a bank account and submitting application documents. Exempt categories are also listed.
3. The key export documents are discussed, including commercial documents like invoices, inspection certificates, and marine insurance policies, as well as regulatory documents like consular invoices and certificates of origin. Obtaining these documents is an important part of the export process.
This document outlines the procedure for registering a new company in Dubai. It involves selecting a company name, preparing memorandum and articles of association documents, submitting documents to the Department of Economic Development, and obtaining a certificate of incorporation. It also discusses forming a Limited Liability Company (LLC) which requires a minimum of two partners, up to 49% foreign ownership, and 51% local sponsor ownership. The minimum capital required to form an LLC is AED 300,000. Professional fees for registering an LLC range from AED 200 to AED 12,000 depending on the services required.
Doing business in Nepal requires foreign companies to first register a liaison office, which cannot conduct income generating activities. To set up a branch office, foreign companies must obtain permission and register with documentation including company documents and details of directors. Branch offices are taxed at 25% on net income and must file annual tax returns. VAT registration is optional if annual transactions are below thresholds. Repatriating profits from a branch office is subject to a 5% tax and requires central bank permission.
This document provides an overview of procedures for establishing a company in Thailand. It discusses the key steps, including reserving a corporate name, filing a memorandum of association, convening a statutory meeting, and registering the company with the Ministry of Commerce. It also outlines the legal requirements and documentation needed for setting up private limited and public limited companies. Minimum capital requirements and registration fees vary depending on the type and foreign ownership of the company.
The registration process for a company in India involves several steps. First, the company must get approval for its proposed name from the Registrar of Companies in the relevant state. Next, the company must file its Memorandum and Articles of Association with the ROC along with the requisite fees. Finally, once all documents are properly filed, the ROC will issue a Certificate of Incorporation, officially establishing the company. The process from filing until receiving the certificate can take one to two weeks. Additionally, companies must obtain necessary tax registrations like a Permanent Account Number.
This document provides summaries of recent legal and business developments in Vietnam. It discusses new regulations on foreign exchange transactions and bank guarantees for off-the-plan property developments. It also summarizes changes to Vietnam's company law under Decree 78 and new disclosure requirements for public companies. Additionally, it outlines strategies for foreign retailers to expand in Vietnam, new rules for offshore investment, and benefits Vietnam is expected to gain from the Trans-Pacific Partnership agreement.
This document provides summaries of recent legal and business developments in Vietnam. It discusses new regulations on foreign exchange transactions and bank guarantees for off-the-plan property developments. It also summarizes changes to Vietnam's company law under Decree 78 and new disclosure requirements for public companies. Additionally, it outlines strategies for foreign retailers to expand in Vietnam, new rules for offshore investment, and benefits Vietnam is expected to gain from the Trans-Pacific Partnership agreement.
The document discusses the process of forming a company in India. It involves several key steps:
1) Approval of the company name from the Registrar of Companies.
2) Filing the Memorandum and Articles of Association with the ROC along with other required documents and fees.
3) Receipt of the Certificate of Incorporation from the ROC to legally form the company.
4) Additional steps for public companies, including obtaining a Certificate of Commencement of Business from the ROC to officially start operations.
The document provides an overview of reforms made by Thai government agencies to improve the process of starting a business in Thailand. Key reforms include developing an online company registration system, introducing online company name reservation, and establishing a "single point" registration process that allows businesses to complete multiple registration steps at once. The reforms aim to streamline procedures, reduce time costs, and improve services for businesses.
Five key points about corporate regulations in Colombia are summarized:
1. Corporate law enjoys stability through consistent legislation that has progressed over time.
2. Foreign investors generally must establish subsidiaries or branches to do permanent business.
3. Incorporating a legal entity is generally simple and does not require prior government approval.
4. Investors do not need a local partner and can fully own entities with few exceptions.
5. Financial statements must be issued annually and filed with the Chamber of Commerce.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Christina Parmionova
The best available, up-to-date information on all fishing and related vessels that appear on the illegal, unregulated, and unreported (IUU) fishing vessel lists published by Regional Fisheries Management Organisations (RFMOs) and related organisations. The aim of the site is to improve the effectiveness of the original IUU lists as a tool for a wide variety of stakeholders to better understand and combat illegal fishing and broader fisheries crime.
To date, the following regional organisations maintain or share lists of vessels that have been found to carry out or support IUU fishing within their own or adjacent convention areas and/or species of competence:
Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR)
Commission for the Conservation of Southern Bluefin Tuna (CCSBT)
General Fisheries Commission for the Mediterranean (GFCM)
Inter-American Tropical Tuna Commission (IATTC)
International Commission for the Conservation of Atlantic Tunas (ICCAT)
Indian Ocean Tuna Commission (IOTC)
Northwest Atlantic Fisheries Organisation (NAFO)
North East Atlantic Fisheries Commission (NEAFC)
North Pacific Fisheries Commission (NPFC)
South East Atlantic Fisheries Organisation (SEAFO)
South Pacific Regional Fisheries Management Organisation (SPRFMO)
Southern Indian Ocean Fisheries Agreement (SIOFA)
Western and Central Pacific Fisheries Commission (WCPFC)
The Combined IUU Fishing Vessel List merges all these sources into one list that provides a single reference point to identify whether a vessel is currently IUU listed. Vessels that have been IUU listed in the past and subsequently delisted (for example because of a change in ownership, or because the vessel is no longer in service) are also retained on the site, so that the site contains a full historic record of IUU listed fishing vessels.
Unlike the IUU lists published on individual RFMO websites, which may update vessel details infrequently or not at all, the Combined IUU Fishing Vessel List is kept up to date with the best available information regarding changes to vessel identity, flag state, ownership, location, and operations.
More Related Content
Similar to Conditions for opening an office in Vietnam.pptx
Establishing a foreign invested company in vietnamHongDuc To
Establishing a foreign invested company in Vietnam follows several key steps:
1. Registering the investment objectives statement with the provincial government.
2. Obtaining an Enterprise Registration Certificate from the Department of Planning and Investment.
3. Receiving an Investment Registration Certificate, also from the Department of Planning and Investment.
4. Publishing the establishment of the foreign invested company.
Additional steps include opening bank accounts, getting a company seal, and applying for necessary business licenses. Using an experienced law firm can help navigate Vietnam's registration requirements for foreign investors.
A corporate group exists when there is a relationship of subordination (control) between companies, along with a shared purpose and management determined by the parent company. The controlling company must register the corporate group within 30 business days with the Commercial Registry. Failure to register on time can result in sanctions from the Superintendence of Companies of up to 200 minimum legal monthly salaries. An affiliate is directly controlled by a parent company, while a subsidiary is controlled by subordinated companies of the parent.
Latest Updates on Thailand's Laws and Regulations on Business AcquisitionsLawPlus Ltd.
- Updates on laws and regulations related to business acquisitions
- Legal issues for acquisitions of shares by foreign investors
- Disclosure requirements and procedures for acquisition of shares in listed companies
- Regulatory authorities involved with business acquisitions
The document provides information about registering a company in Cyprus. It discusses the types of business entities that can be registered, the registration process, costs, and post-registration obligations. The registration process typically involves hiring a lawyer, reserving a company name, preparing legal documents, submitting the application, and receiving approval from the Registrar of Companies within 1-2 weeks. Costs include registration fees of €165-€265 paid to the Registrar and additional legal fees. Once registered, companies must register for tax, VAT if applicable, and file annual financial statements and tax returns.
The document outlines the procedures for closing different types of businesses in the UAE, including sole proprietorships, company branches, and civil works companies. It discusses filling out cancellation forms, submitting required documents like trade licenses and board resolutions, canceling visas and work permits, and obtaining cancellation certificates from authorities. It also describes a two-phase process for closing companies, which involves appointing a liquidator, publishing a liquidation notice, collecting declarations, canceling licenses, and removing the business from the registry.
The document provides an overview of the Foreign Contribution (Regulation) Act (FCRA) in India. The key points are:
1. The FCRA regulates acceptance of foreign donations by organizations in India and is administered by the Ministry of Home Affairs. Organizations must register under the FCRA to accept foreign contributions.
2. To register, an organization must have cultural, social, educational, religious or economic objectives. It must open a designated bank account and agree to only use that account for foreign funds.
3. Foreign contributions include donations of currency, goods, or securities from foreign sources such as foreign governments, companies, or individuals. Registered organizations must submit annual reports on foreign
To start a business in South Africa, several administrative procedures must be followed. These include registering the company with the South African Registrar of Companies within 21 days, and registering with tax authorities as a taxpayer, VAT vendor, and for income tax deductions. Businesses employing staff must also register with the Department of Labour for unemployment insurance and local authorities for specific industries. Foreign nationals wishing to start a business need to obtain a business permit, which requires investing at least R2.5 million and creating jobs for South African citizens.
Residence Permit in Lithuania. LTIP.EU is a Consultancy Company focus in finding the best solutions for businessmen and investors for legal process and establishment the business in lithuania.
Establishing foreign branches abroad by indian companyVineeth T
Setting up a branch office abroad involves several steps and requirements. An Indian company can establish a branch office outside India to conduct normal business activities. The key steps include obtaining board approval, appointing an authorized representative, opening a bank account, and filing required forms and applications with the RBI through an Authorized Dealer along with supporting documents. The branch office must promptly report bank account details to the Indian company's banker and repatriate any profits to India. Specific requirements may apply depending on the host country location of the branch office.
1. The document outlines the structure and roles of an export organization, including marketing, commercial, and staff personnel.
2. It describes the process for obtaining an Importer Exporter Code (IEC) number, including opening a bank account and submitting application documents. Exempt categories are also listed.
3. The key export documents are discussed, including commercial documents like invoices, inspection certificates, and marine insurance policies, as well as regulatory documents like consular invoices and certificates of origin. Obtaining these documents is an important part of the export process.
This document outlines the procedure for registering a new company in Dubai. It involves selecting a company name, preparing memorandum and articles of association documents, submitting documents to the Department of Economic Development, and obtaining a certificate of incorporation. It also discusses forming a Limited Liability Company (LLC) which requires a minimum of two partners, up to 49% foreign ownership, and 51% local sponsor ownership. The minimum capital required to form an LLC is AED 300,000. Professional fees for registering an LLC range from AED 200 to AED 12,000 depending on the services required.
Doing business in Nepal requires foreign companies to first register a liaison office, which cannot conduct income generating activities. To set up a branch office, foreign companies must obtain permission and register with documentation including company documents and details of directors. Branch offices are taxed at 25% on net income and must file annual tax returns. VAT registration is optional if annual transactions are below thresholds. Repatriating profits from a branch office is subject to a 5% tax and requires central bank permission.
This document provides an overview of procedures for establishing a company in Thailand. It discusses the key steps, including reserving a corporate name, filing a memorandum of association, convening a statutory meeting, and registering the company with the Ministry of Commerce. It also outlines the legal requirements and documentation needed for setting up private limited and public limited companies. Minimum capital requirements and registration fees vary depending on the type and foreign ownership of the company.
The registration process for a company in India involves several steps. First, the company must get approval for its proposed name from the Registrar of Companies in the relevant state. Next, the company must file its Memorandum and Articles of Association with the ROC along with the requisite fees. Finally, once all documents are properly filed, the ROC will issue a Certificate of Incorporation, officially establishing the company. The process from filing until receiving the certificate can take one to two weeks. Additionally, companies must obtain necessary tax registrations like a Permanent Account Number.
This document provides summaries of recent legal and business developments in Vietnam. It discusses new regulations on foreign exchange transactions and bank guarantees for off-the-plan property developments. It also summarizes changes to Vietnam's company law under Decree 78 and new disclosure requirements for public companies. Additionally, it outlines strategies for foreign retailers to expand in Vietnam, new rules for offshore investment, and benefits Vietnam is expected to gain from the Trans-Pacific Partnership agreement.
This document provides summaries of recent legal and business developments in Vietnam. It discusses new regulations on foreign exchange transactions and bank guarantees for off-the-plan property developments. It also summarizes changes to Vietnam's company law under Decree 78 and new disclosure requirements for public companies. Additionally, it outlines strategies for foreign retailers to expand in Vietnam, new rules for offshore investment, and benefits Vietnam is expected to gain from the Trans-Pacific Partnership agreement.
The document discusses the process of forming a company in India. It involves several key steps:
1) Approval of the company name from the Registrar of Companies.
2) Filing the Memorandum and Articles of Association with the ROC along with other required documents and fees.
3) Receipt of the Certificate of Incorporation from the ROC to legally form the company.
4) Additional steps for public companies, including obtaining a Certificate of Commencement of Business from the ROC to officially start operations.
The document provides an overview of reforms made by Thai government agencies to improve the process of starting a business in Thailand. Key reforms include developing an online company registration system, introducing online company name reservation, and establishing a "single point" registration process that allows businesses to complete multiple registration steps at once. The reforms aim to streamline procedures, reduce time costs, and improve services for businesses.
Five key points about corporate regulations in Colombia are summarized:
1. Corporate law enjoys stability through consistent legislation that has progressed over time.
2. Foreign investors generally must establish subsidiaries or branches to do permanent business.
3. Incorporating a legal entity is generally simple and does not require prior government approval.
4. Investors do not need a local partner and can fully own entities with few exceptions.
5. Financial statements must be issued annually and filed with the Chamber of Commerce.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Christina Parmionova
The best available, up-to-date information on all fishing and related vessels that appear on the illegal, unregulated, and unreported (IUU) fishing vessel lists published by Regional Fisheries Management Organisations (RFMOs) and related organisations. The aim of the site is to improve the effectiveness of the original IUU lists as a tool for a wide variety of stakeholders to better understand and combat illegal fishing and broader fisheries crime.
To date, the following regional organisations maintain or share lists of vessels that have been found to carry out or support IUU fishing within their own or adjacent convention areas and/or species of competence:
Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR)
Commission for the Conservation of Southern Bluefin Tuna (CCSBT)
General Fisheries Commission for the Mediterranean (GFCM)
Inter-American Tropical Tuna Commission (IATTC)
International Commission for the Conservation of Atlantic Tunas (ICCAT)
Indian Ocean Tuna Commission (IOTC)
Northwest Atlantic Fisheries Organisation (NAFO)
North East Atlantic Fisheries Commission (NEAFC)
North Pacific Fisheries Commission (NPFC)
South East Atlantic Fisheries Organisation (SEAFO)
South Pacific Regional Fisheries Management Organisation (SPRFMO)
Southern Indian Ocean Fisheries Agreement (SIOFA)
Western and Central Pacific Fisheries Commission (WCPFC)
The Combined IUU Fishing Vessel List merges all these sources into one list that provides a single reference point to identify whether a vessel is currently IUU listed. Vessels that have been IUU listed in the past and subsequently delisted (for example because of a change in ownership, or because the vessel is no longer in service) are also retained on the site, so that the site contains a full historic record of IUU listed fishing vessels.
Unlike the IUU lists published on individual RFMO websites, which may update vessel details infrequently or not at all, the Combined IUU Fishing Vessel List is kept up to date with the best available information regarding changes to vessel identity, flag state, ownership, location, and operations.
UN WOD 2024 will take us on a journey of discovery through the ocean's vastness, tapping into the wisdom and expertise of global policy-makers, scientists, managers, thought leaders, and artists to awaken new depths of understanding, compassion, collaboration and commitment for the ocean and all it sustains. The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
Preliminary findings from OECD field visits for the project: Enhancing EU Mining Regional Ecosystems to Support the Green Transition and Secure Mineral Raw Materials Supply.
1. Conditions for opening an office in Vietnam
→ REFERENCE:
• Website: https://aslgate.com/open-representative-office-in-vietnam/
• Contact of LAW Firm for doing business in Vietnam:
ASL LAW FIRM IN HANOI: 12th Floor, Tower 319 , 63 Le Van Luong street, Trung Hoa Ward, Cau Giay District, Hanoi city, Vietnam
Tel: (+84) 435551315; Hotline: +84982682122
Email: khuong.pham@aslgate.com ; info@aslgate.com
2. WHAT IS REPRESENTATIVE OFFICE IN VIETNAM (RO)?
According to Vietnam’s laws, a representative office (RO) is not permitted to perform any
activities generating profit or any trade activities. The establishment of a RO is not
considered as a legal commercial presence in Vietnam. For more detail, please refer to the
scope of permissible activities of a RO:
– Operating as liaison office.
– Promoting the cooperation projects of foreign company in Vietnam.
– Researching market to push up chances to purchase commodities, supply and consume
commercial services of foreign businesses in Vietnam.
– Supervising the implementation of foreign company’ contracts signed with Vietnamese
partners or related to the Vietnamese market.
3. HOW LONG DOES IT TAKE TO OPEN REPRESENTATIVE OFFICE IN
VIETNAM?
– Applying the license for the representative office : 25 working days
– Applying for the seal of the representative office : 5 working days
– Applying for the tax code of the representative office : 5 working days
– Publication of the RO’s establishment : 5 days
WHAT IS TERM OF LICENSE OF REPRESENTATIVE OFFICE IN
VIETNAM?
The license shall be valid for five years and can be renewed. In such case of renewal, an
application shall be submitted at least thirty days prior to the due date.
4. WHAT ARE REQUIRED DOCUMENTS TO OPEN REPRESENTATIVE
OFFICE IN VIETNAM?
In order to open representative office in Vietnam, a license issued by a competent authority is required. In addition
to the condition that the parent company must operate for at least 1 year in original country prior to setting up
representative in Vietnam, the required documents for the application for obtaining such license include:
5. ESTABLISHMENT OF REPRESENTATIVE
OFFICES OF FOREIGN TRADERS IN VIETNAM
→ REFERENCE:
• Website: https://kenfoxlaw.com/guidance-for-setting-up-a-representative-office-of-foreign-companies-in-vietnam
• Contact of Law Firm:
KENFOX – IP & LAW OFFICE: Suite 219, 5th Floor Building, Lane 109, Truong Chinh Street, Thanh Xuan District, Hanoi, Vietnam
Tel: (84-4) 3724.5656; Fax: (84-4) 3724.5885
Email: info@kenfoxlaw.com
6. Governing Laws
Key laws and regulations on establishment of the Rep Office include:
• Commercial Law adopted by the National Assembly on 14 June 2005 ("Commercial Law");
• Decree No. 07/2016/ND-CP dated 25 January 2016 of the Government providing detailed
regulations for implementation of the Commercial Law with respect to representative
offices and branches of foreign traders in Vietnam ("Decree 07/2016"); and
• Circular No.ll/2016/TT-BCT dated 5 July 2016 of the Ministry of Industry and Trade
promulgating forms prescribed in Decree 07/2016 ("Circular 11/2016").
7. Licensing Authority
The licensing authority for issuance of the License for establishment of the Rep Office ("License") is:
• Provincial-level Management Boards of Industrial Zone (IZ), Export Processing Zone (EPZ),
High-tech Zone (HTZ) or Economic Zone (EZ) ("IZMB" ) (if the Rep Office is located within
the IZ, EPZ, HTZ, or EZ); or
• Provincial Department of Industry and Trade ("DOIT" ) (if the Rep Office is located outside of the IZ,
EPZ, HTZ, or EZ).
8. Conditions for issuance of License, and cases which are ineligible for
issuance of License
a. Conditions for issuance of the License
Foreign traders shall be considered for being granted with the License for establishment of the Rep Office if they
satisfy the following conditions:
• Foreign trader is incorporated and registers for doing business in accordance with provisions of laws of countries
or territories being parties to treaties to which Vietnam is a signatory or is recognized by the aforesaid countries or
territories;
• Foreign trader has come into operation for at least 01 year from the date of its establishment;
• In case the Certificate of Business Registration of the foreign trader provides an operation term, the remaining
term should be at least 01 year as from the date of submission of application dossier for setting up the Rep Office;
• Scope of operation of the representative office is consistent with that in Vietnam’s Commitments to treaties to
which Vietnam is a signatory;
• Where the scope of operation of the Rep Office is inconsistent with Vietnam's commitments or the foreign trader
is not located in the country or territory being party to treaties to which Vietnam is a signatory, the establishment of
the Rep Office shall be subject to the prior approval of relevant Ministry.
9. Conditions for issuance of License, and cases which are ineligible for
issuance of License
b. Cases which are ineligible for issuance of the License for establishment of the Rep Office
The Licensing Authority shall refuse to grant the License for establishment of the Rep Office in
the following cases:
• Failing to satisfy one of condition for issuance of the License (as mentioned in (3)a.above);
• Applying for the License for establishment of the Rep Office within 02 years from the date of
revocation of the License for establishment of the Rep Office;
• The establishment of Rep Office is restricted by the laws for reasons of national defense and
security, social order, social ethics and community health;
• Other cases as restricted by the laws (if any).
10. Licensing Procedure
a. Application Dossier
The application dossier submitted to the Licensing Authority for obtaining the License includes:
• An original copy of application dossier for setting up the Rep Office;
• A legalized copy and a notarized translation copy of the Certificate of Business Registration of the foreign trader
(and any amendments);
• A certified translation copy of the audited financial statement of the foreign trader for its latest financial year
audited by an auditing firm, or the confirmation on status taxation obligations or other evidence documents
issued and/or certified by the foreign authority evidencing its existence in the latest fiscal year;
• A certified translation copy of the Letter of Appointment of Chief Rep issued by the foreign trader;
• A certified translation copy of the passport or Identity Card of Chief Rep;
• An original or certified copy of the Office Lease Contract and certified copy of documents related to leased
premise evidencing that the leased premise shall comply with security, labour hygiene safety and other
requirements of applicable laws; and
• An original copy of Power of Attorney.
In practice, the Licensing Authority may require further documents or information with a view to verify relevant
points in the application dossier.
11. Licensing Procedure
b. Timelines for the License issuance
Within 07 working days from the date of receipt of the valid application/dossier, the licensing authority shall make
its own decision on either issuance of a License to foreign trader or rejection of its application dossier by having a
written notice to foreign trader specifying clearly the reason for rejection.
For the establishment of Rep Office which requires the prior approval of the relevant Ministry or the establishment
of Rep Office which is not provided in any specific regulations of Vietnam yet, the Licensing Authority shall send a
letter asking for opinions from the relevant Ministry within a 03 working day time-limit from receipt of a complete
application dossier. Within a 05 working days upon receipt of the Licensing Authority's letter, the relevant Ministry
shall provide its written opinion and within another 05 working day time-limit from receipt of the relevant Ministry's
opinion, the Licensing Authority will issue the License to foreign trader or reject its application by having a written
notice to foreign trader specifying clearly the reason for rejection.
In practice, the entire process may be longer for several reasons (e.g. communications between relevant
authorities, etc.), and the Licensing Authority will have its own discretion when considering the application dossier.
12. Licensing Procedure
c. Term of License
The License has a term of 05 years. If the parent company's business license or establishment
certificate expires, the License will also expire. In other words, the life term of the Rep Office
cannot exceed any term of existence of its parent company.
However, it is noted that the License may be extended at the request of the foreign trader, and
for that purpose, the request for extension must be made at least 30 days prior to the expiry of the License.
13. Post-licensing Works
After obtaining the License, the Rep Office must carry out other post-licensing works, as follows:
a. Registering and obtaining the Seal of the Rep Office
To register the seal sample and obtain the seal, the application dosser shall be required to be
submitted to the competent police authority. Normally, the seal of the Rep Office shall be
provided within around 05 working days since the date of submission.
b. Registering the Tax Code of the Rep Office
Though there is no tax imposed on the Rep Office's operation, the Rep Office must submit the
application dossier to the taxation authority for obtaining the Tax Code of the Rep Office (for
purpose of tax declaration and contribution on behalf of the employees of the Rep Office).
c. Opening the Bank Account of the Rep Office
The Rep Office shall open a bank account for spending only purpose at a bank in Vietnam. The
procedure will depend on the bank that the Rep Office elects to open for its convenience.
14. Operation of the Rep Office
a. Permitted Activities
As a non-profit making entity, the Rep Office is permitted to carry out only the following activities:
• To act as a liaison office for the parent company in Vietnam;
• To conduct market research in Vietnam;
• To promote the opportunities of investing and trading for the parent company in Vietnam, not including the
services for which the establishment of Rep Office in this service sector is governed by the specific
regulations.
b. Prohibited Activities
The Rep Office is prohibited from "conducting business" for profitmaking purpose. In addition, it
is not permitted to promote the goods or services of its parent company or enter into contracts
directly under its own name, with local companies for such promotion, as well as to act as the
representative for other trader.
15. Operation of the Rep Office
c. Appointment of the Chief of the Rep Office
The Chief of the Rep Office may not concurrently hold the following positions:
• Chief of a branch which is established by the parent company or other foreign business
traders in Vietnam;
• Legal representative of the parent company or other foreign traders;
• Legal representative of an enterprise established pursuant to the laws of Vietnam;
It is required that the Chief of the Rep Office must authorize in writing another person to
perform his/her rights and obligations relating to the Rep Office whenever she/he is not in
Vietnam. Such an authorization must be approved by theforeign trader and the Chief of the Rep
Office is still responsible for performance of authorized rights and obligation. In case that the
Chief of the Rep Office is not in Vietnam during a period of more than 30 days without a valid
authorization, then theforeign trader must appoint another person to the position of the Chief of
the Rep Office.
16. Operation of the Rep Office
d. Labour Matters
The Rep Office, as the employer, may employ Vietnamese and foreigners in accordance with the
laws on labour. The number of employees and relevant information are required to be reported
to the authorities. All foreigners, including the Chief of the Rep Office working for the Rep Office
are required to obtain a work permit.
e. Tax Matters
The Rep Office, as the employer, must register personal income tax code for; declare, submit
and pay monthly personal income tax of; and complete personal income tax finalization for its
employees; (although the labour contracts can provide that personal income tax is included in
their salary).
17. Operation of the Rep Office
f. Reporting Regime
Each year, prior to the last 30 of January, the Rep Office must notify the Licensing Authority ( i.e.
DOIT or IZMB) of its operations over the previous year. The Rep Office is also obliged to provide
reports relevant to tax and labour matters at request of relevant authorities.
g. Registration of Changes
During the validity period of the License, any changes to the contents of the License (including
the change of name, change of addresses of the Rep Office or of the parent company, change of
the Chief of the Rep Office, change of the operation contents of the Rep Office), the Rep Office
is required to carry out relevant procedures to record such change with the licensing authorities
and obtain the revised License within 60 working days as from the date of having such changes.
Other papers also need to be revised, including the certificate of tax code, certificate of seal
sample, seal, etc., to reflect this change.
18. Company Registration in Vietnam
→ REFERENCE:
• Website: https://prifinance.com/en/asian-companies/vietnam/
• Contact of LAW Firm:
PRIFINANCE (PRIVATE FINANCE INTERNATIONAL SERVICE): 272 Bath Street, G2 4JR, Glasgow, United Kingdom
Tel: +44 203 769 29 09 ; +372 602 65 11
Email: info.en@prifinance.com ; uk@prifinance.com
19. Forms of legal presence and business
• A limited liability company is common in Vietnam, open to foreign investors. The obligations of the participants of
this type of legal entity are limited solely to the number of funds invested. The number of participants is limited -
from 2 to 50 people. This is the most flexible form of business, not associated with demanding accounting and
reporting.
• A joint-stock company is a Vietnamese legal entity with a more complex management structure and must
comply with stricter reporting requirements. Nevertheless, the liability of the shareholders of this Vietnamese
legal entity is limited exclusively to the number of funds invested, and third parties can freely dispose of their
shares. The minimum number of participants is 3, and there are no restrictions on the maximum number of
participants in the JSC.
• A General Partnership is a form of business conduct in which participants jointly make business decisions and
bear complete financial responsibility for the results of their implementation.
• Limited Liability Partnerships are a type of business in which some partners are fully responsible for the results
of the business and take over its management, and limited liability partners, who do not take part in the
management of the business but do not risk with sums they have invested.
• A branch is an entrepreneurial option in which a foreign legal entity can conduct the same activities in Vietnam
as abroad.
• Representation is an option that will suit foreign investors if they plan to monitor and analyze the local markets
solely. The option does not include the possibility of conducting business activities but will be suitable for foreign
legal entities evaluating the likelihood of investing large sums of money in Vietnam.
20. Procedure and nuances of company registration in Vietnam
The registration documents package is formed, considering the case's background. But if you plan to open a
business in Vietnam, you will, in any case, need the following:
1. Investment Registration Certificate. When registering a foreign capital company in Vietnam, you need an
investment registration certificate. The Department of Planning and Investment issues this certificate. It usually
takes about a month to obtain the certificate.
2. Business Registration Certificate. Companies in Vietnam must also obtain a Business Registration Certificate
(BRC). The Department of Planning and Investment also issues this certificate.
3. Tax registration and tax payment for the business license. The business license certificate number is also
the tax number of the company. All companies must pay taxes through the online system. Companies also file
tax returns and reports through this system. To access this system, businesses must obtain an electronic
signature.
4. Capital contribution. Once you receive your BRC, you have 90 days to make a capital contribution. Failure to
do so will result in a penalty.
5. Apply for sublicenses or permits, if applicable. Registering a company in Vietnam takes about a month.
However, depending on the line of business, some companies need to apply for sublicenses. In such cases, the
registration process will be longer.
21. Procedure and nuances of company registration in Vietnam
An approximate list of steps to be taken to register a company in Vietnam is as follows:
1. Determination of commercial priorities and preparation of a business plan for the future Vietnamese legal entity.
2. Selection and reservation of the commercial name for the Vietnamese legal entity.
3. Collection of data and documents required for registration.
4. Selecting and arranging the official registered address for a Vietnamese legal entity.
5. Drawing up and executing constituent and registration documents.
6. Formation and submission for consideration of the registration package of documents, including the document
on payment of registration fees. At this stage, the investment and the legal entity itself are registered.
7. Registration for tax and social security purposes.
8. Opening a bank account.
9. Obtaining additional permits and licenses for certain regulated activities.
22. Legislation and regulatory environment
Vietnam offers favorable conditions for starting and doing business, including international business. Vietnam
allows 100% foreign ownership of companies in most industries. However, it should be enough to cover expenses
until the business becomes self-sustaining. You must have a legal address to register a company in Vietnam. All
companies in Vietnam must have at least one resident director). Prifinance lawyers are ready to advise in detail on
the regulatory peculiarities of doing business in Vietnam.
VIETNAM’S TAX SYSTEM:
• Corporate tax - 20%.
• Personal income tax - 20-35% (depending on the payer and the amount of income).
• VAT - 10%.
• Withholding tax - varies depending on the type of income.
• Capital Gains Tax - (1) corporate - see corporate tax (2) individual - see personal income tax.
23. How to Start A Business in Vietnam
→ REFERENCE:
• Website:
https://www.cekindo.vn/blog/comprehensive-guide-to-establishing-branch-office-vietnamB
https://bbcincorp.com/vn/articles/how-to-start-a-business-in-vietnam-as-a-foreigner
• Contact of LAW Firm:
BBCIncorp: Room 9, 4F, Beverley Commercial Centre, 87-105 Chantam road South, Tsim Sha Tsui, Kowloon, Hong Kong ;
service@bbcincorp.com ; (+852) 8192 8666 - (+65) 3138 1666
Cekindo: Cekindo Business International Shark building - 3rd & 8th Floor 29 Nguyen Van Mai Street Ward 8, District 3 Ho Chi Minh
City 72408, Vietnam ; vietnam@cekindo.com ; +84 90 634 52 59
24. Investment
• Direct foreign investment
Work together with a Vietnamese partner in a 100% foreign-owned
company or a joint venture company
Need and enterprise license and go through legal procedures according to
local law
• Indirect investment
Purchase shares of companies in Vietnam
Grants a position in company management (depondon the agreement)
25. Grants
• Support for training and development of human resources.
• Credit support.
• Support of access to production or business sites, or to relocate production
or business establishments.
• Support for science, technology or technology transfer.
• Support for market development and provision of information.
• Support for research and development.
26. Incentives
• Exemption from or a lower rate of corporate income tax for a set number of
years.
• Exemption from import duty in respect of goods imported to form fixed
assets and for raw materials, supplies and components for implementation
of an investment project.
• Exemption from and/or reduction of land rent, land use fees, and land use
tax.
• Accelerated depreciation, increase of deductible expenses from the
taxable income.
27. When a company creates a branch in another country, it must adhere to the
local legal compliances. Similarly, a foreign businessperson undertaking
commercial operations in Vietnam must comply with the law’s requirements
for the creation of a branch office in Vietnam, and each foreign
businessperson is limited to one branch per province or town.
28. Aspect of a Branch Office in Vietnam
• Structure of a Branch Office
can be opened if only there is already an existing entity in the home
country
providing legitimate business licenses of incorporation from the home
country
• Branch Manager
In charge person of the daily operations of that branch, must be assigned
as the legal representative based in Vietnam.
29. Process for Incorporating a Branch Office in
Vietnam
• Takes 30 to 60 days
• First stage: obtain the registration certificate and branch’s seal
30. Legal Requirements for a Branch Office in
Vietnam
• Corporate investor (The Owner)’s Business Certificate/ Enterprise
Certificate/ Company Certificate or equivalent documents from the country
of origin.
• Copies of audited financial statements of the 5 previous years
• Passport or ID card of the head of the branch
• (MOU) or office leasing agreements
• POA from the Corporate investor to Cekindo
• A letter of appointment of the head of the Branch
• All documentation requested from the home country must be translated
and legalized.