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Many foreign investors entering the Vietnamese market spend significant time and incur substantial operating costs because they choose the wrong legal structure at the initial stage of their investment. Confusion regarding the legal powers of a Representative Office and an FDI Company may lead to serious consequences, as each model has a different scope of operation and different legal obligations. In this article, Lexsol provides a comparison of these two business models based on key legal criteria.
Effective from July 1, 2026, Resolution No. 12/2026/NQ-HDND of the Hanoi City People's Council has adjusted a number of administrative procedures in the field of business registration in the direction of streamlining the composition of dossiers and shortening the processing time. This is a positive step in reforming administrative procedures, but it is also easy for businesses to misunderstand that documents that no longer have to be submitted do not need to be kept. In fact, this interpretation has many potential legal risks. The following article will show the components of the documents that are cut and explain why businesses still need to prepare and store these documents completely.