The operational dynamics of multinational companies often involve managing multiple representative offices across different regions. In certain scenarios, businesses may find it necessary to streamline their operations, leading to the question of whether they can simultaneously terminate the operations of two offices. This inquiry touches on the intricacies of corporate governance, compliance, and efficiency in a global business landscape. In this discussion, we will explore the feasibility and procedures involved in terminating the operations of two representative offices concurrently.
Question:
Currently, my company has 02 representative offices and no longer intends to continue their operations. Can I complete the procedures to terminate the activities of these 02 representative offices simultaneously, or do I need to terminate the activities of each representative office separately?
Answer:
– The company can register for the termination of activities for both representative offices simultaneously.
– We recommend that the company contact the tax authority to complete the termination of activities for the representative offices before submitting the dossier to the Business Registration Office.
– After completing the termination procedures and receiving the tax code cancellation from the tax authority, the company should submit the dissolution dossier for the representative offices according to the procedures specified in Article 72 of Decree No. 01/2021/ND-CP on business registration and Article 213 of the Law on Investment 2020.
– The company can submit the dossier online through the National Business Registration Portal at www.dangkykinhdoanh.gov.vn/e-services/Online registration.
Conclusion
In conclusion, the simultaneous termination of operations for two offices can be a complex undertaking that requires a thorough understanding of regulatory requirements and efficient coordination. Companies must adhere to the prescribed procedures, which may vary depending on the jurisdictions involved, to ensure a smooth and compliant process. By addressing these considerations, businesses can effectively realign their operations while maintaining compliance and operational efficiency in a global context.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
