Is a foreign accounting service company permitted to establish a branch in Vietnam, to provide accounting services in Vietnam?
Enterprises conducting accounting services in Vietnam:
Foreign accounting service enterprises conduct accounting service business in Vietnam in the form of: setting up a branch of a foreign accounting service enterprise (Point b, Clause 4, Article 59 of the Law on Accounting No. 88/2015/QH13 dated November 20, 2015).
Certificate of eligibility to provide accounting services in Vietnam:
A branch of a foreign accounting service enterprise in Vietnam may be granted a Certificate of eligibility to provide accounting services when fully meeting the following conditions: A licensed foreign accounting service enterprise provide accounting services in accordance with the law of the country where the foreign accounting service enterprise is headquartered; Having at least two practicing accountants, including the director or general director of the branch; The director or general director of a branch of a foreign accounting service enterprise may not concurrently hold the position of manager or operator of another enterprise in Vietnam; A foreign accounting service enterprise must send a document to the Ministry of Finance to ensure that it is responsible for all obligations and commitments of its branch in Vietnam (Clause 4, Article 60 of the Law on Accounting No. 88/2015/QH13 dated November 20, 2015).
In summary, a foreign investor which is an overseas accounting service company, is allowed to establish a branch to provide accounting services in Vietnam./.
A branch of an overseas accounting service enterprise in Vietnam ?
|DMS Law Office in Vietnam|
Lawyer Do Minh Son
Foreign accounting service companies providing accounting services for enterprises in Vietnam?