Foreign investors can enter the Vietnamese market by establishing an economic organization with foreign investment capital. However, during the operation, this organization may undergo changes in shareholders or capital-contributing members.
The Investor Information Update Service provided by VinaSC Group involves consulting and carrying out procedures to register changes in investors on the Investment Registration Certificate and Enterprise Registration Certificate as per regulations. With many years of experience and a high-quality team, VinaSC Group is confident in offering our clients the most professional, swift, and efficient service.
I. SERVICE PROVISION PROCESS AT VINASC:
Step 1: VINASC receives basic information about the investor change from the enterprise
- Information about the proposed investor change, including one of the following documents: Documents proving the change in investor information (if any)
+ ID/Passport
+ Establishment Decision/Enterprise Registration Certificate/Investment Registration Certificate or other equivalent documents - Note: Documents issued by foreign authorities must be certified or legalized by Vietnamese diplomatic missions or consular offices abroad; translated into Vietnamese and certified according to Vietnamese law.
- VinaSC will review the specific legal requirements to develop a service implementation plan.
Step 2: Prepare necessary dossier
- The two parties discuss and agree on the content of the service, then Vinasc bases on them to prepare the necessary documents to hand over to the business for authentication.
- Vinasc receives the complete authenticated dossier along with the documents that the business needs to prepare to complete the dossier.
Step 3: Submit the application to the competent authority as prescribed
- Submit the application for Adjustment of the Investment Registration Certificate (IRC) at the investment registration authority.
- Submit the application for Adjustment of the Enterprise Registration Certificate (ERC) at the business registration authority.
Step 4: Track the processing of documents
- VINASC monitors the dossier processing process step by step and reports the progress to the business as requested. In case of need to modify, supplement information, documents, Vinasc is responsible for completing it as soon as possible to limit work interruption.
Step 5: Complete the service & Deliver the results to the client
- Review all the steps of the service implementation to ensure that the service has been completed comprehensively
- Transfer to the business the specific results that Vinasc collects on behalf of the business during the service provision process.
II. SPECIFIC RESULTS
- New Investment Registration Certificate (IRC)
- New Enterprise Registration Certificate (ERC)
III. ESTIMATED IMPLEMENTATION TIME
- Investment Registration Certificate application: 25-30 working days
- Enterprise Registration Certificate application: 05-07 working days
The estimated time above is calculated from the day VinaSC receives the complete dossier as per the requirements sent to you.
*Comprehensive List of Required Documents
| No. | Required documents | Implementer | ||
| Customer
(1) |
Vinasc Group (2) | Vinasc Group handles on behalf of our client (3) | ||
| 1 | – Consular legalized, translated, and notarized copy of one of the documents proving the change in investor information (if any):
+ ID/Passport; + Establishment Decision/Enterprise Registration Certificate/Investment Registration Certificate or other equivalent documents. |
X | X | |
| 2 | Dossier for Investment Project Adjustment:
Written request for investment project adjustment;
Investment project proposal;
Report on the project implementation status;
Power of attorney. |
X | ||
| 3 | Dossier for Adjusting Business Registration Content of the Enterprise:
Notification of changes in enterprise registration content;
Meeting minutes (if any);
Decision on changing investor information (investor name, capital contribution, etc.) of the company;
Power of attorney. |
X | ||
(*) According to the procedure, the customer is responsible for completing the documents in column (1), and Vinasc will be responsible for completing the documents in column (2).
(*) In some cases, if the customer has difficulty preparing the documents, Vinasc can complete the documents in column (3) on their behalf. However, in this situation, we must examine each specific case and the following issues may arise:
– Additional document preparation costs (these costs will vary depending on the government agency and the legal regulations in Vietnam at each stage)
– Additional time required to prepare these documents
(*) During the preparation process, the customer should send a scanned copy of all the above documents in advance so that we can prepare the documents in a timely manner.
(*) In some special cases, the government agency may request additional information to supplement the documents.
Besides, depending on the needs of customers, VinaSC often advises and supports investors to control well the contents related to the above services such as tax accounting, labor, social insurance, salary, sub-licenses… in a complete and compliant manner with the laws in Vietnam that you can refer to.
Please contact VinaSC for advice, support, and detailed quotes for the above services.