TinLaw’s Investment Certificate amendment services provide businesses with solutions to handle complex procedures whenever project changes occur. During business operations, any modification to the Investment Certificate requires a mandatory amendment process. Learn more about TinLaw’s services in this article.
Cases requiring Investment Certificate amendment
Investors are required to amend their Investment Registration Certificate (IRC) in the following cases:
- Change of project name on the IRC.
- Change of project location on the IRC.
- Change of project objectives on the IRC – for sectors already committed.
- Change of project objectives on the IRC – for sectors not yet committed.
- Change in project scale on the IRC.
- Change in investment capital on the IRC.
- Change of investor information on the IRC.
- Extension of the project duration on the IRC.
- Change in project duration on the IRC.
- Change in project implementation schedule on the IRC.
Cases requiring Investment Certificate amendment
Amending the Investment Certificate is essential to ensure the project remains legally compliant and its information stays updated. Therefore, investors must follow the correct procedures and comply with legal regulations.
Cost of Investment Certificate amendment services at TinLaw
TinLaw’s Investment Certificate amendment services deliver optimal results to clients at highly competitive prices. The service fee starts at VND 15,000,000 (inclusive of government and service fees). We guarantee no additional costs throughout the entire process.
Process for Investment Certificate amendment services at TinLaw
TinLaw has developed a streamlined process for amending Investment Certificates to optimize execution time while ensuring successful outcomes. Below are the three basic steps:
- Step 1: Information intake and consultation
Clients can contact TinLaw via phone or online chat platforms. Our team will listen to your needs and provide detailed guidance on the necessary steps.
- Step 2: Detailed quotation and service agreement signing
TinLaw provides a detailed service quotation for the client’s review. Upon agreement, TinLaw drafts a service contract based on mutually agreed terms. Both parties then sign the Investment Certificate amendment service Agreement.
- Step 3: Execution of Investment Registration Certificate amendment services
Once the required documents are received from the client, TinLaw proceeds with the amendment process. This includes preparing the application, submitting it to the relevant authority, monitoring the progress, and retrieving the amended certificate. Once completed, TinLaw’s delivery team will send the results to the client’s specified address.
Process for Investment Certificate amendment services at TinLaw
If you are looking to amend your Investment Certificate, TinLaw is a trusted partner to consider. Contact us today for prompt consultation and professional support!
Documents required for TinLaw’s Investment Certificate amendment services
When using TinLaw’s Investment Certificate amendment services, clients need to provide the following basic documents:
- Business Registration Certificate
- Investment Registration Certificate
- Details of the proposed amendments
Documents required for TinLaw’s Investment Certificate amendment services
The required documents may vary depending on the specific amendments requested by the client. For precise information on the documentation required for your case, contact TinLaw for tailored consultation and guidance!
Investment Certificate amendment services at TinLaw
With 12 years of experience in corporate legal services, TinLaw is committed to providing clients with the best possible services. When using TinLaw’s Investment Registration Certificate amendment services, clients will enjoy the following benefits:
- Consultation on the conditions, required documents, and procedures for amending the Investment Certificate.
- Continuous monitoring and updates on the registration status for the client.
- No need for clients to visit government offices—TinLaw handles all the procedures on their behalf.
- Free document delivery with results handed directly to the client within 10–20 working days.
- Post-amendment consultation on any additional legal procedures.
- Support with document notarization when needed.
- Reasonable pricing with no additional costs throughout the service process.
Why choose TinLaw for Investment Certificate amendment services?
TinLaw continuously strives to enhance its services, providing clients with excellent experiences and optimal results. If you are looking for a trusted partner for Investment Certificate amendments, TinLaw is the choice you can rely on.
Key considerations for amending the Investment Registration Certificate
The amendment of an Investment Certificate must comply with legal regulations to help businesses avoid corporate legal issues. Below are important points to note during the process:
- Businesses must ensure the separation of the Investment Certificate and the Business Registration Certificate and obtain a new corporate seal in compliance with regulations.
- Businesses transitioning to conditional business sectors must meet the required conditions throughout their operations.
- After amending the Investment Certificate, businesses must complete the following procedures:
- If the company adds new capital contributors, the new investors must contribute capital to the enterprise’s capital transfer account. The contribution must adhere to the timeline committed on the Investment Certificate. If delayed, investors must apply for a capital contribution extension and pay fines as required by law.
- Enterprises must submit reports using the templates specified in Article 3 of the Investment Registration Certificate.
- Approval of investment policy: If the amendment results in the project falling under the category requiring investment policy approval, the investor must obtain this approval before amending the Investment Registration Certificate.
Key considerations for amending the Investment Registration Certificate
Adhering to these considerations ensures a smoother and more efficient process when amending the Investment Certificate.
Frequently asked questions about amending the Investment Certificate at TinLaw
When amending the Investment Certificate, you may have questions requiring clarification. TinLaw has compiled a list of frequently asked questions and answers to help you better understand the amendment process.
What is an Investment Registration Certificate?
The Investment Registration Certificate (IRC) is a legal document issued by a competent state authority to an investor. It confirms the right to invest and specifies the investment details in Vietnam. Key information includes details regarding investor, investment project, investment capital, investment duration.
This certificate is mandatory for investors to conduct lawful business activities in Vietnam and serves as the legal basis for exercising rights and fulfilling obligations related to the investment project.
What are the steps for amending an Investment Certificate?
The amendment process involves three basic steps:
- Step 1: Investors must prepare all necessary documents as stipulated in the 2020 Investment Law and guided by Decree No. 31/2021/ND-CP.
- Step 2: Once the documents are prepared, investors submit the application to the competent authority (usually the Department of Planning and Investment).
- Step 3: The competent authority reviews and processes the application. If the application is valid, the investor will receive the amended Investment Certificate. If the application is incomplete or incorrect, the authority will reject the amendment and issue a written notice (specifying the reasons) along with a request for revisions or additional documents.
These steps may vary depending on specific regulations in each locality. It is advisable to verify the requirements with the relevant authorities for accuracy.
Where should Investment Registration Certificate amendment applications be submitted?
Investors must submit applications for amending the Investment Certificate to the relevant investment registration authority, such as The Management Board of industrial parks, export processing zones, high-tech parks, or economic zones, The Department of Planning and Investment in the respective province/city.
What is the penalty for not amending the Investment Certificate?
Investors may face administrative fines ranging from VND 70,000,000 to VND 100,000,000 if they fail to amend the Investment Certificate when changes to the investment project affect the information on the certificate.
Can the legal representative be changed on the Investment Certificate?
Yes, the legal representative listed on the Investment License can be changed. According to Article 47 of Decree 31/2021/ND-CP, if the investor’s name changes, the amendment procedure for the Investment Certificate must also be conducted.
How can the address on the Investment Certificate be changed?
To change the address on the Investment Certificate, you must amend the certificate’s details. The process involves the following steps:
- Step 1: Amend and obtain a new Investment Certificate;
- Step 2: Update the information on the Business Registration Certificate (as changes to the Investment Certificate will impact details on the business license).
The specific requirements for this process may vary depending on local regulations. For accurate and detailed guidance, consult the relevant authority or contact TinLaw for expert advice.
How to increase capital on the Investment Registration Certificate?
To amend the Investment Registration Certificate to reflect an increase in capital, you need to prepare the following documents:
- A written request to amend the Investment Registration Certificate;
- A report on the implementation status of the investment project;
- A decision regarding the amendment of the investment project;
- Audited financial statements or a bank confirmation showing that the initial capital has been fully contributed (as of the time of the amendment);
- Bank confirmation of a balance corresponding to the additional capital or documents proving financial capacity for the increased capital contribution.
Ensuring that all required documents are complete and accurate will facilitate a smooth and efficient amendment process.
Does the Investment Registration Certificate have an expiration date?
The Investment Registration Certificate is issued with a validity period corresponding to the duration of the investment project. If the certificate expires, you must apply for an extension. The conditions for extension include completing capital contributions and submitting the required reports in compliance with current regulations.
Conclusion
With over 12 years of experience in corporate legal services, TinLaw is the perfect choice if you need to amend your Investment Certificate. TinLaw’s Investment Certificate amendment services support you through every step of the process, ensuring speed and efficiency. Contact us today for prompt assistance!
