How does the application process for a foreign investment license work?

Before implementing an investment project in Vietnam, foreign investors could not ignore the application for an investment license from a competent state agency in Vietnam. In order to help investors successfully apply for an investment license, luatvn.vn would like to share the process of applying for a foreign investment license in the following article.

Before implementing an investment project in Vietnam, foreign investors could not ignore the application for an investment license from a competent state agency in Vietnam. In order to help investors successfully apply for an investment license, luatvn.vn would like to share the process of applying for a foreign investment license in the following article.
Readers can contact directly via Hotline: 0763.387.788 – Email: luatvn.vn02@gmail.com for advice from a lawyer.
 foreign investment procedures

foreign investment procedures

Who is authorized to issue foreign investment licenses?

Competence to approve investment policy:
Congress
Prime Minister
Provincial People’s Committee
Management boards of industrial parks, export processing zones, hi-tech parks, and economic zones
Department of Planning and investment
Investment registration agency where the investor executes an investment project, and where an executive office is expected to be located to implement investment project
To learn more about the investment licensing agency for specific investment projects, please contact
Hotline: 0763.387.788 – Email: luatvn.vn02@gmail.com

How does the application process for a foreign investment license work?

For projects subject to investment policy approval

A number of large foreign investment projects affecting the security and socio-economy of the home country will have to apply for investment policy approval. In this case, the investor makes a dossier to submit to a competent state agency for a decision on the investment policy approval. Next, the investment registration agency shall grant an investment registration certificate within:
05 working days from the date of receipt of written approval concurrently with investor’s approval for an investment project subject to an investment registration certificate
15 days from the date of receipt of the investor’s request for an investment registration certificate, for an investment project not falling into the above cases.

For projects not subject to investment policy approval

In this case, the investor only needs to prepare the dossier and submit it to the state agency competent to grant a foreign investment license without having to apply for an investment policy decision. Immediately after receiving the dossier, the competent agency proceeded to process the dossier and made a decision whether to license it or not. As follows:
Accepting the application file for a foreign investment license
Foreign investors who need to apply for an investment license in Vietnam will have to prepare a dossier of application for a license from a competent state agency. With the competent authorities, when receiving dossiers from investors, they will conduct an appraisal on the legality and reasonableness of the dossier as well as the documents that the investor provides in the dossier. When the dossier fails to meet the requirements, the competent state agency will send a written notice to the investor, clearly stating the reason for the investor to quickly amend and supplement and then resend it for re-evaluation. If the dossier is complete and valid, the competent agency will save and perform the next steps in the foreign investment license application.
Foreign investment license decision
Thủ tục xin quyết định chủ trương đầu tư
Within 15 working days from the date of receipt of a valid application, the competent authority shall decide to grant a foreign investment license to the investor by issuing an Investment Registration Certificate. If the final decision is not to license an investment to the investor, it will be required to notify the investor in writing, clearly stating the reason.
Luatvn.vn consulting on procedures for applying for foreign investment licenses Although the Investment Law has given guidance on making dossiers and the order of applying for foreign investment licenses, when applied in practice, there will be many changes and arise many problems that the implementers cannot anticipate. OK. Therefore, when applying for an investment license, investors must have expertise and knowledge of the provisions of the investment law and especially have experience. Thus, it is possible to promptly handle problems arising in the implementation process, and be able to explain the contents requested by the competent state agencies. And luatvn.vn is a service unit of investment licensing consultancy, company establishment service, change, transfer of investment license, … that you can trust and choose. There is a team of experienced and highly qualified lawyers and consultants who will assist you in a dedicated and thoughtful way to achieve success in the shortest time.
When choosing the services of luatvn.vn, you will be supported:

Consult about legal issues related to foreign investment

Consult about the conditions that need to be met to get a foreign investment license
Review and explain the validity and legality of the documents provided by customers
Drafting foreign investment license application according to information and documents provided by customers
Representing clients to carry out procedures for applying for foreign investment licenses, handling arising problems
The result is the foreign investment registration certificate and returns it to the customer
Consulting business registration procedures and post-establishment administrative procedures, providing financial advice to investors
The above is the answer to the foreign investment licensing authority as well as the procedures to apply for a foreign investment license under the new updated investment law 2020.
All questions, customers Please contact Hotline: 0763.387.788 – Email: luatvn.vn02@gmail.com for answers and direct support by lawyers.

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