Vietnam is consistently ranked as one of the top destinations for doing business in Southeast Asia. The World Bank reported that Vietnam sat on the 70th place for ease of doing business, competing among 190 other countries in the world. The report also stated that the foreign direct investment increased by 7.4% year-on-year as of the end of 2019.
There are four major structure options that foreign companies can choose and establish their business in Vietnam: a branch office, a representative office, a limited liability company, and a joint-stock company.
This article will focus on the branch office in Vietnam and provides an overview of how you can set up one with a virtual office; as well as the benefits of a virtual office.
A branch office in Vietnam has a lot of perks for foreign entrepreneurs and companies:
Setting a branch office in Vietnam can be made easy through a virtual office. That’s why a virtual office has been welcomed by many foreigners as their option to establish a branch office in the country.
It not only allows employees and employers to work from anytime and anywhere in the world with just laptops, mobile phones, and the internet, it is also equipped with complete services and facilities. This is almost like working in a full office but providing you with more flexibility and cost-efficiency.
In other words, a branch office in the form of a virtual office helps you to save costs of renting an office, buying office equipment and supplies, and upkeeping the office. Furthermore, you don’t have to fork out money on the salary of a full-time administration employee.
Cekindo offers virtual office services for entrepreneurs who do not yet have a significant presence in Vietnam; or to companies that want to set up a branch office in Vietnam but do not want the high expense and hassle of maintaining a full physical office.
A virtual office for your branch office in Vietnam grants you the opportunity to have a legal and professional business presence with a prominent business address and dedicated phone number. If you’d like, you can opt-in to our administration services and our highly-trained receptionist will help you answer your calls and receive your mails.
Establishing your branch office in Vietnam with Cekindo’s virtual office also keeps you updated with a variety of business services that can beget greater success for your establishment.
Contact us today by filling in the form below to know more about our virtual office solution for branch office registration in Vietnam.