Hence the increasing rate of foreign investment, understanding the procedure for capital contribution, share purchase, purchase of capital contribution is vital. Therefore, in today’s article, LSX will give you an initiate on the issue.
- 2020 Investment Law
Procedure for capital contribution, share purchase, purchase of capital contribution
Accordingly, the procedure for capital contribution, share purchase, purchase of capital contribution has 3 steps in total, which details as follow:
Step 1: Prepare a dossier
Basically, a dossier for investment through capital contribution, share purchase, purchase of capital contribution will include:
- Registration documents for capital contribution, share purchase, purchase of capital contribution
- A copy of the identity card, identity card or passport for the investor being an individual
- Copy of Certificate of Incorporation or other equivalent document certifying legal status for investor being an organization.
Step 2: Submit the dossier
Subsequently, investors submit the dossiers at the Department of Planning and Investment where the economic organization’s head office is located. Unless there were any errors, the Department of Planning and Investment shall notify in writing within 15 days from the date of issuance of a written receive sufficient documents for investors to carry out procedures for changing shareholders and members in accordance with the law.
Step 3: Modify the content of the certificate of registration of the enterprise
Then, after receiving the certificate, the foreign investors will be included in the certificate of business registration in the enterprise registration dossier submitted at the Department of Planning and Investment where the head office is located.
Foreign investment means that organizations and individuals of one country bring capital in different forms into another country to conduct business activities for profit. Foreign investment is made in the form of direct investment or indirect investment.
Yes, they can. According to the provision of law, foreign investors can establish a company with 100% foreign investment capital in Vietnam. Still, it will vary depending on the business line.
Currently, there is no specific regulation on the fee for granting an investment registration certificate and in fact, when submitting an application for an investment registration certificate at the Department of Planning and Investment, investors There is also no fee for the issuance of this certificate.