INVESTMENT OF ESTABLISHING ECONOMIC ORGANIZATION
(The Law on Investment in 2014 No. 67/2014/QH13, the Decree No. 118/2015/ND-CP guiding implementation of the Law on Investment in 2014)
A – Establishing economic organizations of foreign investor
1. Investors can establish economic organizations in complying with regulations. Before establishing economic organization, the foreign investors must have investment project, apply for issuance of Investment Registration Certificate under the Article 37 of the Law on Investment and must qualify the following conditions:
a) Percentage of contributed capital as regulated;
b) Investment Form, Operational Scope, Vietnamese partners executing investment operations and other conditions under regulations of the treaties which Vietnam is member.
2. Procedures:
a) Apply for issuance of the Investment Registration Certificate in accordance with laws;
b) After obtaining the Investment Registration Certificate as provided in Point a of this Clause, the Investor execute procedures establishing economic organizations to deploy the investment projects and business activities;
c) Charter Capital of the economic organizations established by the foreign investors for executing investment project, being unnecessary to equal to investment capital of the investment projects.
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