When to establish a company branch and the scope of establishment
Most of the time, when starting a business and operating, businesses want the company to grow and expand its market. That is why, when the company gradually gets on track, the establishment of a branch should be done.
Depending on the needs of each business, the company branch is established in the same/different province and chooses the form of dependent/independent accounting. To save time and costs for complicated establishment procedures, please refer to the branch establishment service at fdiinvietnam.com quickly and effectively.
Full service cost for establishing a company branch at fdiinvietnam.com
When registering to establish a branch, you need to consider choosing 1 of 2 accounting methods: Independent accounting and dependent accounting.
Service fees will depend on the accounting form, the branch’s seal engraving needs or the scope of the branch establishment, details as follows:
❖ Establish a dependent accounting branch in the same province as the head office
Service fee: 700,000 VND (including branch business license)
Note : With this form, branches need to note the following procedures:
For personal income tax:
- If the employee signs a labor contract, registers for family deductions with the head office and works at a branch, the enterprise will pay salary and declare personal income tax;
- If the employee signs a labor contract and registers for family deductions with the branch, the branch will declare personal income tax.
Dependent accounting branches in the same province do not have to submit corporate income tax declarations and financial statements.
❖ Establish a dependent accounting branch in a different province than the head office
Service fee: 1,100,000 VND (including business registration certificate and branch’s own seal)
Note : With this form, branches need to note the following procedures:
Regarding whether or not revenue is generated:
- If the branch directly conducts commercial transactions: The branch shall declare and pay business license tax and VAT at the Tax Department managing the branch;
- If the branch does not conduct commercial transactions and does not generate revenue, the data and documents generated during the period must be compiled and declared at the head office. The enterprise will be responsible for notifying the tax authority.
For personal income tax: Note similar to dependent accounting branches in the same province as the head office.
Branches with dependent accounting in other provinces submit corporate income tax declarations and joint financial statements with the head office.
❖ Establishment of independent accounting branch
Service fee: 1,100,000 VND (including business registration certificate and branch’s own seal)
Note:
With this form, the branch will have its own seal, issue its own VAT invoices, be responsible for all business activities as well as manage its own accounting books and documents…
Independent accounting branches will declare and pay business license tax, VAT, corporate income tax and make separate tax settlement at the branch.
With nearly 20 years of experience in tax and accounting services, fdiinvietnam.com will provide free consultation on the optimal accounting form for each business, if you have not yet determined which form is suitable.
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5 information to provide and prepare
With the company branch establishment service at fdiinvietnam.com, you only need to provide the following information:
Time to complete procedures for establishing a company branch
After fdiinvietnam.com completes the company branch establishment dossier according to regulations, within only 3 days, the Department of Planning and Investment will review and issue a certificate of registration of the branch’s operations.
Thus, you only need to sign the documents and receive the branch registration certificate and seal (if any) at home (*), without having to go to the fdiinvietnam.com office or waste time traveling to the Department of Planning and Investment.
(*) The entire process of delivering and receiving documents is provided by fdiinvietnam.com with free on-site service.
5 commitments of fdiinvietnam.com
fdiinvietnam.com commits to customers when using the service of establishing company and business branches:
1. No additional costs – The costs announced by fdiinvietnam.com are all-inclusive.
2. Hand over the branch registration certificate on time.
3. Free consulting support on branch accounting forms.
4. Free consulting support for regulations when establishing a branch: name, address…
5. Free consulting support throughout the branch’s operation.
If you still have questions about the type of company branch, please refer to the following articles:
Procedures for establishing a branch in another province;
Procedures for establishing a branch in the same province;
Difference between company branch and representative office;
Representative office establishment service.
Some questions about fdiinvietnam.com’s company branch establishment service
1. How many days does it take to complete the procedure for establishing a company branch?
Within 3-4 working days, fdiinvietnam.com will deliver the branch registration certificate to your home (free service).
2. Cost of establishing an independent accounting branch?
The full service fee for establishing an independent accounting branch at fdiinvietnam.com is 1,100,000 VND. fdiinvietnam.com commits to not incurring any additional costs. With this fee, you will receive a branch business license and the branch’s own seal.
3. How much does it cost to set up a branch for a joint stock company?
Establishing a branch of a joint stock company or other types of companies will have detailed costs as follows:
- Branch accounting dependent in the same province as the head office: 700,000 VND;
- Branches with dependent accounting in other provinces and branches with independent accounting: 1,100,000 VND.
➨ Call fdiinvietnam.com immediately at hotline 0978 578 866 (North) , 033 9962 333 (Central) or 033 9962 333 (South) for detailed support.
4. Why choose the company branch establishment service at fdiinvietnam.com?
First, the cost at fdiinvietnam.com is the best and most comprehensive cost. Furthermore, you will be supported with free consultation on accounting forms/other types of establishment other than branches (representative offices, business locations) to suit each business. In addition, with the after-sales service at fdiinvietnam.com, you will always be supported by fdiinvietnam.com with free consultation on accounting and legal issues.
5. What do I need to prepare to set up a branch?
The information you need to provide is very simple, including: Tax code/business registration certificate scan, proposed branch address, branch accounting method, information and ID card/CCCD/passport of the branch head.
Call us at 0978 578 866 (North) , 033 9962 333 (Central) or 033 9962 333 (South) for support.