\n| Depend<\/td>\n | 15 days<\/td>\n | 3 days<\/td>\n | 5 – 7 days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/h4>\nProcedures for Branch, Representative Office Set-up\u00a0<\/strong><\/p>\n\n\n\n| STEP 1<\/td>\n | STEP 2<\/td>\n | STEP 3<\/td>\n | STEP 4<\/td>\n<\/tr>\n | \n| Location Selection<\/td>\n | RO\/Branch License Application<\/td>\n | Seal\/Tax ID Registration<\/td>\n | Public Notification<\/td>\n<\/tr>\n | \n| Depend<\/td>\n | 7 days<\/td>\n | 5 – 7 days<\/td>\n | 5 – 7 days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Relevant Licensing Authorities<\/strong><\/p>\n\n\n\n| CERTIFICATE<\/td>\n | IRC<\/td>\n | ERC<\/td>\n<\/tr>\n | \nProjects located inside<\/strong> industrial zones, export processing zones, high-tech zones and economic zones<\/td>\n| Provinccial Management Board of Industrial \/ Economic Zones<\/td>\n | Provincial Department of Planning and Investment<\/td>\n<\/tr>\n | \nProjects located outside<\/strong> industrial zones, export processing zones, high-tech zones and economic zones<\/td>\n| Provincial Department of Planning and Investment<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Liquidation and Closing Business<\/b><\/p>\n The termination, liquidation, or dissolution, of an enterprise shall be occur in the following circumstances:<\/p>\n \n- The operation period in the company’s charter expires without a decision on extension.<\/li>\n
- The dissolution is decided by owners\/ general partners\/ board of members\/ shareholders.<\/li>\n
- Failure to maintain minimum required number of members for 6 consecutive months without business conversion.<\/li>\n
- Business Registration Certificate is revoked.<\/li>\n<\/ul>\n
The company shall be dissolved only when all debts and liabilities are settled and the company is not involved in any dispute at a court or arbitration body. The liquidation procedures generally take 6-12 months, which normally involve a final tax audit as part of the process.<\/p>\n The company shall be dissolved only when all debts and liabilities are settled and the company is not involved in any dispute at a court or arbitration body. The liquidation procedures generally take 6-12 months, which normally involve a final tax audit as part of the process.<\/p>\n \n\n\n| STEP 1<\/td>\n | STEP 2<\/td>\n | STEP 3<\/td>\n<\/tr>\n | \n| Notification of dissolution decision<\/td>\n | Tax finalization\/ Tax audit and Tax code cancellation<\/td>\n | Submit dissolution dossiers and Return IRC\/ ERC<\/td>\n<\/tr>\n | \n| Business Registration Authority<\/p>\n Tax Authority<\/p>\n National Business Registration Portal<\/p>\n Employees<\/td>\n | Tax Authority<\/td>\n | Business Registration Authority<\/td>\n<\/tr>\n | \n| 7 days from approval date<\/td>\n | 2-3 months<\/td>\n | 5 days from debt clearance date<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | | | | | |
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