Applying for investment registration certificate for foreign investors not subject to investment policy approval
Currently, with the policy of opening the market to attract FDI capital flows, Vietnam is a market targeted by foreign investors to establish investment projects. However, before implementing an investment project in Vietnam, foreign investors in the cases required to apply for an Investment Registration Certificate (“ IRC “) according to the provisions of the Investment Law 2020 must complete this procedure and note related issues that arise during the process of applying for an IRC as follows: 1. Cases in which foreign investors must apply for an IRC but are not subject to investment policy approval According to Clause 1 of Article 37 of the Law on Investment 2020, cases requiring the IRC issuance procedure include: Investment projects of foreign investors. Investment projects of economic organizations as specified in Clause 1 of Article 23 of the Investment Law 2020. A foreign investor, according to Clause 19 of Article 3 of the Law on Investment 2020, is an individual with f...