We provide below the list of post-licensing formalities that Better Pharma (Vietnam) Co., Ltd. (“Better Pharma VN”) needs to carry out:
1. Making and registration of the official seal;
2. Registration of tax code and printing invoices;
3. Notice on opening time at head office;
4. Public announcement in newspapers;
5. Opening bank accounts;
6. Notice on completion of capital contribution;
7. Issuing certificate for capital contribution;
8. Declaration on labor usage and work permit for foreign employees;
9. Registration of wage scale and wage table;
10. Registration of Internal Labor Rules;
11. Statistics reports and Reports on monitor and assessment of investment.
You will find below the general guidelines of each of the above formalities. In addition, we attach the sample documents which can be used by Better Pharma VN. The most important processes for the start up of operations are Item no. 1 (the seal), Item no. 2 (the tax code), and Item no. 5 (the bank account), the rest can be done later. These are basically administration processes, and the Vietnamese administration staff of Better Pharma VN should be able to handle without problem