KUALA LUMPUR, March 19 (Bernama) -- Vietnam-based business law firm, GBS has provided streamlining business registration service to foreign businesses applying for multiple business and tax registrations in that country.
“Foreign direct investment flows to Vietnam rose to a new record in 2018. We are happy to support many foreign-owned enterprises worldwide to identify business opportunities and expand their business operations in the country,” said GBS partner, Sophie Dao.
The service package is inclusive of checking the availability of company name, Investment Registration Certificate, Enterprise Registration Certificate, Company’s Seal and Seal Registration Certificate and Company’s Tax Code, as well as opening bank account.
Foreign businesses no longer need to contact multiple agencies to register and this new initiative was announced after foreign investors complained that while the business registration procedure in Vietnam had improved, the challenges remained.
The Business Registration Service for business and company registration supports businesses to register without contacting the agencies separately as GBS connects with agencies on behalf of clients.
The most preferred legal entity types to be set up in Vietnam are a limited liability company and a joint-stock company whereby, businesses may also open a representative office in Vietnam or a branch if they already have businesses in other countries.
Founded in 2002, GBS has a network in the Asia and Europe regions which supports businesses to get information and helps get a business, up and running, commercialises ideas, improves and grows a business, and complies and reaches new markets.
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