VI During the implementation of investment projects in Vietnam, there will be a number of adjustments that need to be made to amend the content of the issued Investment Registration Certificate. Common adjustments to investment projects include changing investor information, changing project objectives, project location, project implementation schedule… Among Accordingly, adjusting investment capital is one of the top issues that foreign investors are concerned about when implementing investment projects in Vietnam.
1. Procedures for adjusting investment capital
Step 1: Prepare necessary documents and submit to authorities;
Step 2: Monitor submitted documents and amend and supplement documents (if any);
Step 3: Receive results (Adjust Investment Registration Certificate).
2. Documents to be prepared include:
- Application for adjustment of investment project;
- Report on the progress of investment project implementation up to the time of adjustment;
- Decision to adjust the investor’s investment project for institutional investors;
- Explanation or documents related to the adjustment.
- 01 certified copy of Investment Certificate;
- 01 certified copy of Tax Registration Certificate (for projects that have not yet been granted Investment Registration Certificate and Business Registration Certificate);
- 01 certified copy of Business Registration Certificate;
- Documents confirming full capital contribution up to the time of adjustment: 01 certified copy of the audited financial statement closest to the time of adjustment or Bank confirmation that the investor has fully contributed capital.
In case of change in investment capital, it is necessary to provide: Confirmation that the bank has a balance corresponding to the increased capital or documents proving financial capacity for the increased capital contribution;
- In case an investor registers to reduce investment capital:
- Documents proving the investor’s financial capacity include at least one of the following documents: the investor’s 02 most recent financial statements; Parent company’s commitment to financial support; commitment by the financial institution to provide financial support; guarantee of the investor’s financial capacity; Other documents proving the investor’s financial capacity to ensure the ability to continue implementing the project;
- Explanation and other supporting documents related to investment capital adjustment.
In case an investor registers to increase investment capital:
- Documents proving the investor’s financial capacity include at least one of the following documents: the investor’s 02 most recent financial statements; Parent company’s commitment to financial support; commitment by the financial institution to provide financial support; guarantee of the investor’s financial capacity; Other documents proving the investor’s financial capacity is at least equal to or greater than the expected additional capital;
- Explanation and other supporting documents related to investment capital adjustment.
Note:
– In case the investor changes investment capital and at the same time changes the charter capital on the Certificate of Business Registration, the investor must contribute the full investment capital within the time limit recorded on the Certificate of Investment Registration. Adjust, then carry out procedures to change charter capital on the Business Registration Certificate within 10 days from the date of full capital increase.
– When changing investment capital, the Investor must comply with the capital contribution deadline recorded in the issued Adjusted Investment Registration Certificate.
3. Application procedures and processing time:
- Receiving agency: Department of Planning and Investment where the Enterprise is headquartered
- Processing time: Within 10 working days from the date of receiving valid documents according to regulations, the Investment Registration Authority will adjust the investment registration certificate for the investor.
4. Investment capital adjustment consulting service of Pham Consult
With many years of experience advising foreign investors to establish foreign direct investment companies, Pham Consult provides consulting services at competitive prices, supporting you:
- Consulting on conditions, procedures and issues arising when adjusting the Investment Registration Certificate;
- Prepare all necessary documents in bilingual (Vietnamese and English) to ensure foreign investors can easily monitor and evaluate work progress (if customers request)
- Support customers with notarization, consular legalization and notarized translation;
- On behalf of customers, submit and receive results at state agencies;
- Consulting and explaining to state agencies when problems arise.
If you need support in adjusting your investment capital and still have questions about this procedure, please contact us via the following information for a free consultation. Pham Consult always wants and commits to providing customers with the best services and support to help you optimize operating costs to serve your business goals.
