Step 1 Foreign investors submit application documents to obtaining an Investment Certificate (IC) to set up a FOC in Vietnam. The IC is also the business registration certificate for the FOC (Foreign Owned Company).
Step 2 The IC is issued to a foreign investor through a registration process or an evaluation process, subject to the capital size/investment field of the investment project in Vietnam.
Step 3 For projects subject to the Registration Process, the foreign investor may obtain an IC within 7 – 14 working days from the date of submission of complete application documents.
Note: For projects subject to the Evaluation Process for which there had been a precedent, the Licensing Authority of Binh Duong Province may consider and issue the IC without consulting the opinion of other relevant Ministries within 1-2 weeks.
Documents to be submitted for obtaining the IC
|2.||Documents certifying legal status of investor(s)/JV parties|
|3.||Documents certifying financial conditions of investor(s)/JV parties, e.g. Financial Statements of latest 2 years or Bank Reference Letter|
|5.||Other documents, depending on fields of investment, e.g. legal proofs showing the land use right over the Site in real estate development projects; professional certificate in real estate broker services, etc.|
More details can be obtained from BDIZA’s website