1. What is an Investment Registration Certificate?
Investment Registration Certificate (IRC) is an important legal document issued by Vietnamese state agencies to foreign investors when implementing investment projects in Vietnam.
2. Who Needs to Apply for an Investment Registration Certificate?
- Foreign enterprises want to establish companies in Vietnam.
- Foreign individuals or organizations wishing to contribute capital or buy shares in Vietnamese enterprises.
- The project is in the list of conditional industries according to the Investment Law 2020.
3. Procedures for Applying for Investment Registration Certificate
Step 1: Prepare Documents
IRC application includes:
- Investment project proposal document (according to the prescribed form).
- Legalized copy incorporation documents and legal documents of the investor.
- Financial documents: bank statements, financial reports...
- Office lease agreement or land use rights certificate.
Step 2: Submit Application
Investors submit applications at Department of Planning and Investment or Economic Zone Management Board (if the project is in an economic zone).
Step 3: Application Review
- Project not subject to investment policy approval: Maximum processing time 15 days.
- Projects subject to policy approval: Time can last 30 – 45 days.
Step 4: Get Results
- After the application is approved, the investor receives the Investment Registration Certificate.
4. Benefits When Foreign Investors Apply for IRC
- Legalize business activities in Vietnam.
- Easy to transfer profits abroad as prescribed.
- Access to investment support and incentive policies from the Vietnamese government.
5. Notes When Applying for Investment Registration Certificate
- Select suitable profession with portfolio allowed.
- Check capital requirements (if any).
- Prepare documents according to regulations, avoid late application.
Although applying for an Investment Registration Certificate in Vietnam has many steps, with clear guidance and accurate support, investors can complete the procedure more easily.
Smartway provides consulting services and supports in handling legal procedures specifically for foreigners and foreign businesses wishing to invest in Vietnam.
Contact us via email: info@smartway.com or Phone: (+84). 869.222.883
