The following article DHP LAW will guide you on the procedure for granting Investment Certificate for investment projects with foreign capital under the authority of the Prime Minister:
- Agencies competent to settle:
Verification agency: Department of Planning and Investment of Province/City
Approving agency: Provincial/City People’s Committee
Policy approval: Prime Minister.
- Place of receiving and returning results of administrative procedures:
Receiving and returning results of administrative procedures
Picture for reference only (Internet source)
- Dossier for settlement of administrative procedures:
Foreign-invested enterprises in Vietnam, having investment projects under the approving competence of the Prime Minister, shall carry out verification procedures – grant investment certificates.
Investment verification documents, including:
– A written request for an Investment Certificate (made according to the form);
– Report on the financial capacity of the investor (made and responsible by the investor).
– The economic-technical explanation includes the following main contents: investment objectives, scale, and location; investment; Project implementation schedule; demand for land use; technological solutions and environmental solutions;
– Explanation of the ability to satisfy the conditions for market participation as prescribed for investment projects in the field of conditional investment specified in Article 29 of the Law on Investment (for investment projects in the field of conditional).
– Business cooperation contract ( for the form of investment under the business cooperation contract).
– Joint venture contract (for the form of investment in the establishment of a joint venture economic organization between a domestic investor and a foreign investor).
– In case a joint venture investment project uses state capital, a competent agency’s written approval of the use of state capital for investment is required.
– A document confirming the investor’s legal status.
– For institutional investors: A valid copy (notarized copy or certified copy of the issuing agency) of one of the following documents: Establishment Decision, Business Registration Certificate, or Other equivalent document, Charter or other equivalent document.
– For individual investors: A valid copy (notarized copy or certified copy of the issuing agency) of one of the following papers: Passport or valid personal identification paper.
– Power of attorney and a valid copy (a copy notarized or certified by the issuing agency) of one of the personal identification papers of the authorized representative.
Number of dossiers submitted: 10 sets of dossiers, of which at least 01 set of original dossiers.
- Time to receive and return results:
– Check the validity of the dossier: 03 working days (notify the investor to amend and supplement the dossier (if any).
– Time for verification: 25 working days from the date of receipt of complete and valid dossiers.
For support and advice on business and investment issues in the best way, please contact us with the following information:
DHP
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