Issuance of Outward Investment Registration Certificate - Project is not subject to decision on investment guidelines (in case of submission of paper documents)

AUTHORITY

Ministry of Planning and Investment - MPI.

PROCEDURE



Step 1:

Investors register investment information on the National Investment Information System;

Step 2:

The investor submits the application file for issuance of the Outward Investment Registration Certificate at MPI;

Step 3:

MPI checks the validity of dossiers;

Step 4:

 MPI collects written opinions from the State Bank of Vietnam (only for projects with capital remitted abroad of 20 billion VND or more);

Step 5:

MPI returns results to individuals/organizations.

SUBMISSION OF DOSSIER

Directly at the Ministry of Planning and Investment.

DOSSIER



Number:

03 (three) dossier sets, including 01 (one) original set.

Elements:    

1. Outward investment registration documents;

2. Documentation of investor's legal status;

3. Decision on outward investment as prescribed in Article 59 of the Law on Investment;

4. A written commitment to self-balance foreign currency sources or a written commitment to arrange foreign currency for investors of an authorized credit institution. In case the investor chooses to submit a written commitment to arrange foreign currency by themselves, it must be enclosed with a document from a credit institution certifying the investor's foreign currency account balance;

5. Written approval of a competent state agency on the satisfaction of outward investment conditions (For outward investment projects in the fields of banking, insurance, securities, press, radio, television, real estate business) (if any);

6. The tax authority's document certifying the investor's fulfillment of tax payment obligations;

7. Documents determining the form of outward investment;

8. Documents certifying the location of the outward investment project.

ADMINISTRATIVE FEES

None.

DURATION

15 days from the date of submission of valid documents.

SUBJECT

The investor investing in the project is not subject to the decision on investment policy.

RESULT

Valid dossier: Outward investment registration certificate;

Invalid dossier: Notice of completion of application/rejection of IRC.

LEGAL BASIS

- Law on Investment 2020;


- Draft dated October 29, 2020 on the Decree regulating Outward investment.

*For the application for the Certificate of Outward investment registration with the Outward investment capital of less than 20 billion VND and not in the line of conditional Outward investment, the investor is selected to: choose to submit a paper application according to the corresponding process in Articles 78 or 79 of Decree 31/2021/ND-CP, or submit an online application on the National Investment Information System through one of two forms: using digital signature or not using digital signature.



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