Procedures for granting investment certificates to own houses in Vietnam
Many investors want to own houses in Vietnam, so it is indispensable to complete the procedures for the investment registration certificate. Now, LSX Lawfirm will give you an article about: “Procedures for granting investment certificates to own houses in Vietnam”, as follows:
Legal grounds
Law on Housing 2014
Law on Investment 2020
Some definitions about investment certificates to own houses in Vietnam
Firstly, “Business investment conditions” mean those satisfied by an individual or organization upon making business investment in conditional business lines.
Secondly, “Investment registration certificate” means a physical or electronic document bearing information registered by an investor about an investment project.
Related article: Procedures for issuance of the investment registration certificate
Contents of investment registration certificate
Procedures for granting investment certificates to own houses in Vietnam
Firstly
Accordingly, cases in which the investment registration certificate that they required, in which has the situation: Investment projects of foreign investors.
So, If the investment project is subject to approval for its investment Investment Law 2020; the investment registration authority shall issue the investment registration certificate to the investor within:
a) 05 working days from the receipt of the written approval for investment guidelines and the written approval for investor with respect to the investment project that is subject to issuance of an investment registration certificate.
b) 15 days from the receipt of the investor’s investment registration certificate with respect to the investment project other than that specified in Point a of this Clause.
Secondly about “Procedures for granting investment certificates to own houses in Vietnam”
If the investment project is not subject to approval for its investment Investment Law 2020; the investor shall be issued with the investment registration certificate if the following conditions are met:
a) The investment project does not involve any banned business line.
b) There is a location for execution of the investment project.
c) The investment project is conformable with the planning specified in Point a Clause 3 Article 33 of Investment Law 2020.
d) The investment per m2 (or investment per employee) is not smaller than the minimum requirement.
dd) Market access conditions applied to foreign investors are satisfied.
The Government shall elaborate conditions, applications and procedures for issuance of the investment registration certificate.
Related questions about “Procedures for granting investment certificates to own houses in Vietnam”
1.Who has the authority to approve the investment policy?
The National Assembly, The Prime Minister and provincial People’s Committees who has the authority to approve the investment policy.
2. How many days from the receipt of the written approval for investment guidelines and the written approval for investor with respect to the investment project that is subject to issuance of an investment registration certificate?
05 working days from the receipt of the written approval for investment guidelines and the written approval for investor with respect to the investment project that is subject to issuance of an investment registration certificate.
3. How many days from the receipt of the investor’s investment registration certificate with respect to the investment project?
15 days from the receipt of the investor’s investment registration certificate with respect to the investment project
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