Transfer of the entire outward investment capital to foreign investors

AUTHORITY

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

PROCEDURE



Step 1:

Before transferring the entire outward investment capital to the foreign investor, the investor must notify the State Bank of Vietnam;

Step 2:

The investor submits the application for termination of validity of the outward investment registration certificate at 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 consults with the State Bank of Vietnam on foreign exchange transactions of the project and other related issues, if any;

Step 5:

MPI issues a written notice of invalidation and revocation of the IRC to foreign investors, and at the same time sends a copy to relevant Ministries.

SUBMISSION OF DOSSIER

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

DOSSIER



Number:

The investor submits 02 sets of documents (including 01 set of original documents).

Elements:

1. A written request for termination of validity of an outward investment registration certificate;

2. The original of the outward IRC;

3. Decision to terminate investment projects in foreign countries according to the competence specified in Article 59 of the Law on Investment;

4. Documents proving that the investor has completed the termination and liquidation of the project and transferred all money, assets, and revenues from the project's termination or liquidation back home;

5. Documentation of investor's legal status.

ADMINISTRATIVE FEES

None.

DURATION 

15 days from the date of submission of valid dossier.

SUBJECT

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

RESULT

 

Valid dossier: Written notice of invalidation and revocation of an outward investment registration certificate;

Invalid dossier: Notify in writing investor to complete the dossier.

LEGAL BASIS

Law on Investment 2020.