Information you need to know about investment registration certificates

An investment registration certificate is a familiar term often mentioned in the investment field. However, many people are still quite confused about this document. This article will provide all the necessary information for you to understand more about investment certificates.

1. What is an Investment Registration Certificate?

An Investment Registration Certificate (IRC) is considered an operating license issued by a competent state agency of Vietnam to an organization or individual that meets the conditions to carry out an investment project. private in Vietnam.

2. The role of the investment registration certificate

Before establishing a foreign company in Vietnam, the investor must carry out the procedures for applying for an Investment Registration Certificate at a competent state agency, except for the case of small and medium-sized established enterprises. creative businesses and innovative start-up investment funds in accordance with the law on supporting small and medium enterprises.

In addition, the Investment Registration Certificate must contain full information about the investor about the upcoming investment project. That is the condition, the basis for Vietnamese agencies to easily manage the project.

The investment registration certificate is the main prerequisite for the project to be put into operation. It is also the legal basis for investors to feel secure when investing in the project.

Besides, when you have an investment registration certificate, you can apply for a tax refund and investment incentives.

3. In what cases is an investment registration certificate required?

According to Clause 1, Article 36 of the Investment Law 2014, investment certificates will be issued in the following specific cases:

• Case 1: Investment projects of foreign investors
• Case 2: In the case of a partnership, where such an investment project of an economic organization in which a foreign investor holds more than 50% of the charter capital, out of the total number of general partners, all of whom are foreign individuals,
• Case 3: If the project has an economic organization in Case 2 and holds more than 50% of charter capital or more
• Case 4: If that project has foreign investors and economic organizations in case 2 and holds more than 50% of the charter capital.

4. Dossier to apply for an investment registration certificate

To apply for an investment registration certificate, an investor must prepare the following documents:

• Copy of the investor's last 2 years of financial statements
• A copy of one of the documents, such as an identity card or passport if the investor is an individual
• Investors must demonstrate financial capacity and prove that they can maintain the company.
• A copy of the Certificate of Incorporation or other equivalent documents to confirm the legal status if the investor is an organization.
• Investors can propose land use needs. In the event the project does not request the state to allocate or lease land or permit a change of land use purpose, a copy of the location lease agreement can be submitted.
• The investment project proposal will include the following: name of investor implementing the project; investment objective; the amount of investment capital and plan to mobilize and find capital; the scale of the investment project; location of headquarters basis; time limit; may propose to enjoy investment incentives; assess the impacts; investment progress; socio-economic efficiency of the project; labor demand
• The explanation on the use of technology with the specified project includes the following contents: the name of the technology application; the origin of technology; a specific diagram of the technological process; the use status of machines; main specifications; equipment; and technological lines.
• Must prepare BCC contract in the form of BCC contract for investment projects
• A written request for the implementation of an investment project.

5. Time to register for an investment registration certificate?

Pursuant to Article 61 of the Investment Law 2020, the time for registration of an investment certificate is as follows:

• For investment projects that are approved for outward investment, the Ministry of Planning and Investment will issue an offshore investment registration certificate to the investor within 5 working days from the date of approval. upon receipt of the written approval of the investment policy and the decision on outward investment in accordance with the provisions of Article 59 of the Law on Investment.
• Within 15 days after receiving the dossier specified in Clause 2, Article 61, the Ministry of Planning and Investment shall issue an offshore investment registration certificate. In case of refusal to issue an investment registration certificate, the agency must notify the investor in writing and clearly state the reasons therefor.

6. Support service to make an investment registration certificate where prestige and fast

An investment registration certificate is an important document in the field of investment. Investors can come to YNN Global to simplify the application for investment certificates. With many years of experience in the profession and high qualifications, understanding the law should help support you with the fastest investment registration procedure today.

Customers wishing to apply for an investment registration certificate can immediately contact YNN Global for advice.

Related: 7 things to know after setting up a company

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