Simplify procedures, save time and costs with our all-inclusive company branch establishment service for only 700,000 VND at LawFirm.Vn. We guarantee no additional costs and handover of branch license in 3-4 days. Let LawFirm.Vn handle your challenging paperwork matters.
1. When is company branch establishment necessary and what are the scope options?
Most businesses aim to grow and expand their market when starting up and operating. That’s why establishing a branch should be considered as the company progresses.
Branch establishment can be done within the same/different province as the headquarters, with options for dependent/independent accounting. To save time and costs on complex establishment procedures, consider LawFirm.Vn’s quick and efficient branch establishment services.
2. All-inclusive costs for company branch establishment service at LawFirm.Vn
When registering for branch establishment, you need to choose between two accounting options: dependent accounting and independent accounting.
The service fees depend on the accounting option, seal needs for the branch, and the scope of branch establishment, as follows:
❖ Establishing a dependent branch within the same province as the headquarters
Service fee: 700,000 VND (including branch business registration certificate)
Note: For this option, the branch should consider the following procedures:
Regarding Personal Income Tax (PIT):
- If the employee signs a labor contract, registers for dependent deduction with the headquarters, and works at the branch, the company will pay salaries and report PIT;
- If the employee signs a labor contract, registers for dependent deduction with the branch, the branch will report PIT.
The dependent branch within the same province is not required to submit Corporate Income Tax (CIT) declarations and financial reports.
❖ Establishing a dependent branch in a different province from the headquarters
Service fee: 900,000 VND (including branch business registration certificate and separate branch seal)
Note: For this option, the branch should consider the following procedures:
Regarding generating or non-generating revenue:
- If the branch directly conducts commercial transactions: The branch will report and pay business license tax, VAT at the Tax Department managing the branch;
- If the branch doesn’t conduct commercial transactions, with no generated revenue, it will compile data and documents incurred during the period and report them at the headquarters. The company is responsible for notifying the tax authorities.
Regarding Personal Income Tax (PIT): The same considerations apply as for the dependent branch within the same province as the headquarters.
The dependent branch in a different province must submit CIT declarations and financial reports together with the headquarters.
❖ Establishing an independently-accounted branch
Service fee: 900,000 VND (including branch business registration certificate and separate branch seal)
Note:
With this option, the branch will have a separate seal, issue separate VAT invoices, take full responsibility for business activities and manage accounting records, supporting documents, etc.
The independently-accounted branch will report and pay business license tax, VAT, CIT, and perform independent tax settlement at the branch.
With over 13 years of experience in tax and accounting services, LawFirm.Vn offers free consultancy to optimize accounting options for each business if you haven’t determined the suitable option.
3. Required information and preparations
For the company branch establishment service at LawFirm.Vn, you only need to provide the following information:
– Tax identification number/copy of business registration certificate
– Planned address of the branch
– Accounting option for the branch
– Information of the branch’s leader
– ID card/ID card or passport of the branch’s leader
4. Timeline for completing company branch establishment procedures
After LawFirm.Vn completes the branch establishment dossier according to regulations, the Department of Planning and Investment will examine and issue the branch’s business registration certificate within 3 days.
Therefore, you only need to sign the dossier and receive the business registration certificate for the branch along with the seal (if any) at home (*), without having to visit LawFirm.Vn’s office or spend time going to the Department of Planning and Investment.
(*) All document delivery and reception processes are provided free of charge by LawFirm.Vn on-site.
5. LawFirm.Vn’s commitments
When using our company branch establishment services, LawFirm.Vn commits to the following:
1. No additional costs – The fees announced by LawFirm.Vn are all-inclusive.
2. On-time delivery of the branch’s business registration certificate.
3. Free consultancy on accounting options for the branch.
4. Free consultancy on regulations regarding branch establishment, such as name, address, etc.
5. Free consultancy throughout the branch’s operation process.
LawFirm.Vn