1. Procedures for applying for an investment policy decision
To implement an investment project, foreign investors will have to carry out procedures for applying for an investment policy decision. Depending on the foreign investor’s investment project, it may not be necessary to carry out this procedure. For investment projects specified in Articles 30, 31, and 32. Investors will have to carry out procedures for applying for a decision on investment policies. In accordance with the authority of the competent authority. For investment projects not specified in Article 30, Article 31 and Article 32. Foreign investors will not need to carry out this procedure.
2. Investment registration procedures
2.1. In case of having to carry out the procedures for granting an Investment Registration Certificate
Cases in which the procedures for issuance of an Investment Registration Certificate must be carried out. Including:
– Investment projects of foreign investors
– Investment projects of economic organizations specified in Clause 1, Article 23 of the Law on Investment 2020.
2.2. Procedure for issuance of investment registration certificate
– For investment projects subject to decision on investment policies:
Within 5 working days from the date of receipt of the decision on investment policy. The investment registration authority must issue the Investment Certificate to the investor.
– For investment projects not subject to decision on investment policies:
The investor submits the application under Clause 1, Article 33 to the investment registration agency. Within 15 days from the date of receipt of complete application. The investment registration agency issues the investment registration certificate; Or in case of refusal, it must be notified in writing and clearly state the reasons therefor.
3. Procedures for registration of business establishment
Foreign investors must carry out business registration procedures. According to the provisions of the Enterprise Law on registration of business establishment. Foreign investors are free to choose by choosing a business model. Each type of business has its advantages and disadvantages. The respective business establishment profile will also be different. The order of procedures for registration of enterprise establishment shall comply with Article 27 Law on Enterprises 2020. Foreign investors may authorize another person to carry out this procedure.
4. Procedures for land allocation, land lease, change of land use purpose
Investors may have to carry out procedures for land allocation, land lease, and land use purpose change. Foreign investors will have to comply with the competent state agency. According to the 2013 land law and relevant legal documents.
5. Procedures for applying for a construction permit
Foreign investors may have to carry out procedures to apply for a construction permit in accordance with the law on construction. Depends on investment projects of foreign investors.
