Dear Valued Customer,Firstly, GIA LUAT would like to send our respectful greeting, and sincerely thanks for your attention to our services.Through discussion with you, GIA LUAT would like to provide consulting contents related to procedures of termination of operation of Representative Office (“Rep. Office”) as follows:1. Condition for termination of operation of Rep. Office:- Operation of representative office is allowed to terminate in the following cases:+ The foreign trader requests and gets approval from competent agency;+ The foreign trader ends its business in compliance with the law of the country where it established or registered for its business;+ Operation time in Licence ends but the foreign business does not apply for extension;+ Operation time in Licence ends but competent agency does not allow extension;+ Licence is revoked in compliance with laws.- Within at least 30 days before the tentative day when representative office terminate its operation in compliance with laws, foreign trader must send announcement on the event to the licencing agency, lenders, employees in the representative office and other relevant individuals. The announcement must specify tentative time for ending operation of the representative office and be posted publicly at the representative office and syndicated in three consecutive issues of newspapers or online newspapers, which are allowed for distribution in Vietnam.- At least 15 days before representative office ends its operation, foreign trader, representative office has to pay up their debts and complete other obligations to the State and relevant organizations and individuals in accordance with the law.2. Dossiers for termination of operation of Rep. Office:- Original license of establishment of Rep. Office;- Meeting Minutes and Decision of foreign trader on termination of operation of Rep. Office; - Receipt of a newspaper or electronic newspaper regarding planned termination of operation of Rep. Office or other documents evidencing for announcement in newspapers;- Copy of evidences that Rep. Office has fulfilled its tax and financial obligations with authorities, creditors, employees (in particular: certificate on completion of PIT obligation of its Chief and employees, completion on financial obligations towards its employees, liquidation of office lease agreement, closing bank account of Rep. Office, returning its seal ...)3. Working time and service fees Working time: 30-45 working days Service fee: 10,000,000 VNDAbove is some legal consultancy related to termination of operation of representative office of foreign trader in Vietnam, should you has any questions relating to the content as well as on other legal issues, please do not hesitate to contact GIA LUAT. We are very pleased to assist you.With best regards,
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