When individuals or companies in Vietnam embark on investing abroad, they must adhere to certain regulations and furnish the necessary documentation. These conditions aim to ensure transparency, legality, and effective management of investments. By obtaining the Certificate of Investment, Vietnamese investors can demonstrate their compliance with the established procedures and gain the necessary authorization to engage in various investing activities overseas. So, let’s explore the specific conditions and required documentation in detail
Conditions:
In order to be granted an offshore investment certificate, a foreign investor must satisfy the following conditions:
– Outward investment activities are consistent with the principles of outward direct investing;
– Activities that do not belong to industries or trades banned from overseas investment;
– Operating in a business line with conditional investment, it must satisfy the conditions for outward investment prescribed by law;
– The investor commits to arrange foreign currency by himself or commits to arrange foreign currency to carry out investment activities abroad at the door of an authorized credit institution;
– Having a decision to invest abroad as prescribed by law; and
– There is a document from the tax authority certifying the investor’s fulfillment of tax payment obligations. The time of certification by the tax authorities is not more than 03 months from the date of submission of investment project dossiers.
Granted an offshore investment certificate
For individuals of Vietnamese nationality, it is necessary to prepare documents to be granted an offshore investment certificate as follows:
– Notarized copy of passport/ID card;
– Confirmation of no tax debt up to the present time;
– Confirm the account balance corresponding to the amount of capital invested abroad;
– A written commitment to arrange foreign currency of a credit institution or a written commitment of the investor to arrange foreign currency;
– Documents proving the head office in a foreign country in case of investment in the fields that need infrastructure : Real estate lease contract or overseas real estate purchase and sale contract (Applicable to foreign investors). projects in the fields that require investment in new construction of locations: energy projects; projects on raising, planting, catching and processing agricultural, forestry and fishery products; projects in the field of surveying survey, exploration, exploitation and processing of minerals; projects on construction of production, processing and manufacturing establishments; And projects on construction and trading of real estate, infrastructure).
HMLF is always available to offer assistance in understanding the procedures with authorities.
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
