Interagency coordination in investment registration for foreign investors (Part 1)

VGP - The Ministry of Planning And Investment on April 18, 2017 issued Circular No. 02/2017/TTBKHDT (“Circular 02”) guiding the interagency coordination mechanism for performing investment and enterprise registration procedures for foreign investors as prescribed by Article 24 of Decree No. 118/2015/ND-CP dated 12/11/2015 of the Government.

June 20, 2017 8:34 AM GMT+7

Question: What are cases of application in interagency coordination when performing investment and enterprise registration procedures for foreign investors?

Answer:

According to Circular 02, the interagency coordination mechanism will apply to the following cases:

- Foreign investors and foreign-owned economic enterprises register the establishment of an economic entity as stipulated by Article 22 of the Law on Investment;

- Foreign investors and foreign-owned enterprises invest in the form of capital contributions, share purchases and contributed capital acquisition as defined by Article 26.1 of the Law on Investment;

- Foreign investors and foreign-owned enterprises simultaneously amend the contents on enterprise registration and investment registration.

Investors have the right to decide whether to follow the interagency coordination mechanism as prescribed by this Circular or perform separate procedures as specified by the Investment Law, Enterprises Law and other written guidelines./.