Issuance of the Outward Investment Registration Certificate - Project is not subject to the decision on investment guidelines (in case of online application)

AUTHORITY

Ministry of Planning and Investment - MPI.

PROCEDURE



In case of submission of documents using digital signature:

Step 1:

Investors register an account on the National Investment Information System;

Step 2:

Investors declare information, download electronic documents, sign and authenticate documents according to the process on the National Investment Information System;

Step 3:

After completing the submission of documents, the investor receives a receipt of application through the System;

Step 4:

In case the dossier is not valid or has contents to be clarified, MPI shall send a notice to the investor to complete the dossier through the System;

Step 5:

MPI returns results to individuals/organizations.

In case of submission of application dossier for outward investment registration account:

Step 1:

Investors register an account on the National Investment Information System;

Step 2:

Investors declare information and download electronic documents on the System;

Step 3:

After completing the submission of documents, the investor shall receives a receipt of application through the System;

Step 4:

In case the dossier is not valid or has contents to be clarified, MPI shall send a notice to the investor to complete the dossier through the System;

Step 5:

MPI notifies investors on the System that the dossier is eligible for issuance of an outward investment registration certificate;

Step 6:

The investor submits a set of paper documents with a printed copy of the application receipt to MPI, either in person or by post service to compare with the application submitted on the System;

Step 7:

MPI returns results to individuals/organizations.

SUBMISSION OF DOSSIER

Online at the National Information System on Vietnam's outward investment.

DOSSIER



Number:

01 (one) dossier 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 receipt of a valid application (for the case of submission of a digital signature).

SUBJECT

Investors invest in projects with outward investment capital of less than 20 billion VND and are not subject to conditional outward investment.

RESULT

Valid dossier: Outward investment registration certificate;

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

LEGAL BASIS

Law on Investment 2020;


Decree 31/2021/ND-CP detailing and guiding the implementation of a number of articles of the Law on Investment.


* For dossiers of application for the Certificate of outward investment registration with outward investment capital of less than 20 billion Vietnamese Dong 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.