New Regulation On Amendment Of Investment Capital
Under Law On Investment 2020
During the implementation of an investment project in Vietnam, there will be some arising adjustment that need to amend the content on issued Investment Registration Certificate. The popular adjustment of investment project may be mentioned such as changing investor information, changing project objectives, project implementation location, implementation schedule of the project etc. Among them, investment capital adjustment is one of the primary concerns of the foreign investors when conducting investment project in Vietnam.
1. Procedures for amendment of investment capital
- Step 1: Prepare required documents and submit to the authorities;
- Step 2: Follow up the submitted dossiers and amend, supplement documents (if any);
- Step 3: Get result (Amended Investment Registration Certificate).
2. The dossier that needs to be prepared includes:
- An application form for adjustment of the investment project;
- A report on investment project’s progress by the time of adjustment;
- The investor’s decision on investment project adjustment if the investor is an organization;
- Explanation or documents relating to the adjustment.
- In case if the investors register to decrease the investment capital:
- Document(s) proving the financial capacity of the investor including at least one of the following documents: the investor’s financial statements for the last two years; commitment of a parent company to provide financial support; commitment of a financial institution to provide financial support; guarantee for the investor’s financial capacity; other document proving the investor’s financial capacity which ensures the ability to continuously implement the project;
- An explanation and other supporting documents relating to the investment capital amendment.
- In case if the investors register to increase the investment capital:
- Document(s) proving the financial capacity of the investor including at least one of the following documents: the investor’s financial statements for the last two years; commitment of a parent company to provide financial support; commitment of a financial institution to provide financial support; guarantee for the investor’s financial capacity; other document proving the investor’s financial capacity which are at least equal or more to the amount of capital expected to increase;
- An explanation and other supporting documents relating to the investment capital amendment.
3. Consultancy service for amendment of investment capital of Pham Consult
With many years of experience in consulting foreign investors on the establishment of foreign direct invested company, Pham Consult provides consulting services with the competitive price, assisting you in:
- Consulting in conditions, procedures and issues arising when amending Investment Registration Certificate;
- Preparing all the required dossiers in bilingual languages (Vietnamese and English) to ensure that foreign investors can easily follow up and evaluate the progress of work (if customers have requests)
- Assisting client with notarization, consular legalization and notarized translation;
- Being on behalf of clients for submitting and receiving the results at state agencies;
- Consulting, explaining to the state agencies in case of arisen problems.
If you are in need of assistance in adjusting investment capital and you still have many problems about these procedures, please kindly contact us via the following information for free consulting. Pham Consult always desires and undertakes to provide clients with the best services and support to help you optimize operating costs for your business goals.