Procedure for new investment project and setting up company.
Step 1: Application for Investment registration certificate
(i) In case investment project subjected to in-principle acceptance procedure
Investors implement procedure to get in-principle investment acceptance at competent authority. Depending on the investment field of project, this procedure would be implemented at Parliament, Government office or Provincial people’s committee.
(ii) In case investment project is not subjected to in-principle acceptance procedure
Investors prepare and submit 01 registration dossier to the competent authority (Provincial department of Planing and Investment, or Provincial Industrial zones management Board) including:
a/ A written proposal for implementation of the investment project;
b/ A Notarized copy of the identify card or passport, for individual investors; a copy of the establishment decision or an equivalent document certifying the legal status, for legal entity;
c/ Proposals for the investment project, covering the contents of: information on the investor(s) implementing the project, investment objectives and scope, investment capital and capital and capital mobilization plan; the project’s location, duration, investment schedule and labor demand, investment incentives, and assessment of the project’s socio-economic impacts and benefits;
d/ A Notarized copy of one of the following documents: the investor’s financial statement of the last 2 years; financial support commitment of the parent company and of a financial institution; guarantee for the investor’s financial capacity; and document explaining the investor’s financial capacity;
e/ Proposals on land use; or copy of the site lease agreement or another document certifying that the investor has the rights to use the site for project implementation;
e/ Explanations about use of technologies (in case project uses technology in the list of limited to be transfered into Vietnam) covering contents of: name and origin of technologies, diagrams of technological processes; primary technical specifications, conditions of main machinery, equipment and technological lines;
Step 2: Registration of Business registration certificate (company establishment registration certificate)
Investors, after getting the Investment registration cerificate, prepare and submit 01 registration dossier to the Provincial Business registration body including:
– Business registration notice
– List of members/shareholders (if any)
– Charter of the company
After getting the Business registration cerificate, the company shall contact a stamp maker company to make stamp of the company. Then, carry out procedure of company establishment announcement to the National information network to complete procedures of establishment and put the company into operation by starting procedure at tax body.