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Procedures for registration of establishment of branches in different provinces

29/01/2021

When developing to a certain stage, most businesses will begin to consider expanding their scale to enhance their influence, increase competitiveness as well as develop brands. Compared to opening a business location or a representative office, setting up a branch in a different province is the dominant option because:

• Increasing the coverage of businesses in many different areas.

• Legally sign a business contract on behalf of the parent enterprise with its own seal.

• Acting as a replica of the parent company, being traded and traded in all or part of the parent company's industry.

• Have the right to choose the independent or dependent accounting system upon establishment.

The above advantages have partly seen the role of the company's branches, branches in different provinces. Khoa Tin Law Firm would like to give details of the order and procedures for registration of establishment of a branch in different provinces:

1. Steps to establish a branch in different province

Step 1: Submit the application for establishment of a branch company in a different province.

The company or enterprise shall submit an application for the establishment of a branch in another province at the Business Registration Office of the Department of Planning and Investment where the company or enterprise branch is located.

Within 3 working days from the date of receipt of a valid application. The Business Registration Office issues the Certificate of branch operation registration. Update information on business locations in the National Business Registration Database.

Step 2: Carve the seal and register to use the seal

After being granted an operation certificate of another branch in the province. Companies, enterprises if wishing to register to use the seal. Then proceed to engrave the seal and register to use the seal for the branch.

Step 3: Declare the license fee and prepare a tax file.

Step 4: Submit the application for registration to use invoices

If the branch of a company enterprise other than a province wishes to use its own invoice, the branch will submit an invoice use registration dossier to the relevant tax authority, when approved to use it, the public branch. Companies and enterprises in different provinces have ordered and printed invoices and issue invoices for use.

Step 5: Pay the license fee to the branch in different province.

Branches of companies and enterprises from other provinces are required to declare and pay license fees. The license fee for a branch is 1,000,000 VND / year.

2. Dossier of establishment of corporate branch companies in different provinces

Records include:

- Branch establishment announcement

- Decision and a valid copy of the meeting minutes of the Members' Council (for a limited liability company with two or more members), of the company owner. Or of the Members' Council or the company president, for one-member limited liability companies. Or of the Board of Directors for a joint stock company. Or of general partners for partnerships. About the establishment of a branch in another province.

- A valid copy of the decision to appoint the head of the branch in different provinces.

- A valid copy of one of the personal identification papers of the head of the branch in different province.

Thus, the establishment of a branch in different provinces is not a simple job because the order and procedures are quite complicated and require expertise. Khoa Tin Law Firm confidently provides services to set up a branch in different provinces with professionalism and promptness.

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