Project transfer to domestic investors

AUTHORITY

Ministry of Planning and Investment (Foreign Investment Department) - MPI.

PROCEDURE



Step 1:

Investors prepare dossiers, declare and register for adjustment of investment information on the National Information System on overseas investment of Vietnam to get the application code;

Step 2:

Within 15 days after declaring the dossier on the website, the investor shall submit the dossier with the application code directly or send it by post (request for adjustment of the IRC) to MPI;

Step 3:

MPI checks the validity of records;

In case the dossier is not sufficient and needs clarification, MPI shall send a written request to the investor to request the completion of the dossier;

Step 4:

MPI returns results to the investor.

SUBBMISSION OF DOSIER

Investors submit dossiers directly or by post to the Ministry of Planning and Investment.

DOSSIER



Number:

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

Elements:

1.  A written request for adjustment of the Outward Investment Registration Certificate;

2.    Documentation of investor's legal status;

3.    Report on the operation of the investment project up to the time of submitting the adjustment dossier;

4.    The investor's decision to adjust the project;

5.    Copy of the IRC to foreign countries;

6.    A document of the tax authority certifying the investor's fulfillment of tax payment obligations in the case of adjustment to increase in offshore investment capital.

ADMINISTRATIVE FEES

None.

DURATION

15 days from the date of submission of valid documents.

SUBJECT

Investors (individuals; organizations) or individuals and organizations authorized by investors.

RESULT

Valid dossier: The Outward IRC;

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

LEGAL BASIS

Law on Investment 2020.