According to Clause 14, Article 3 of the Law on Investment 2020, a business cooperation contract is a contract signed between investors for business cooperation in order to share profits and products. without establishing an economic organization. Therefore, this form is relatively convenient for investors.
BCC contracts signed between domestic investors and foreign investors or between foreign investors must carry out procedures for issuance of an Investment Registration Certificate. This means that as long as there is only one party to the BCC contract that is a foreign investor, that investor must carry out the procedures for applying for an Investment Registration Certificate.
Dossier to apply for an Investment Registration Certificate:
- A written request for the implementation of an investment project;
- For individual investors: copy of identity card, identity card or passport;
- For foreign investors: a copy of the certificate of establishment or an equivalent document certifying the legal status;
- Investment project proposal, including the following contents: investor implementing the project, objectives, scale and investment capital, capital mobilization plan, location, time limit, investment schedule, and demand for investment projects. labor, propose investment incentives, assess the project’s socio-economic impacts and efficiency;
- A copy of one of the following documents: financial statement of the last 2 years of the investor, commitment to financial support of the parent company or financial institution, guarantee of investor’s financial capacity, documents explaining the financial capacity of the investor;
- Proposed demand for land use; In case the project does not require the State to allocate or lease land or permit the change of land use purpose, a copy of the location lease agreement or other document certifying that the investor has the right to use the site shall be submitted. investment projects;
- Explanation of technology including technology name, origin, technological process diagram, main technical parameters, usage status of machinery, equipment and technological lines for projects judgment:
- To be allocated or leased land by the State without auction, bidding or transfer; projects requiring change of land use purpose;
- Using technology on the List of technologies restricted from transfer.
- Business Cooperation Contract.
Vietnamese enterprises, foreign enterprises operating in Vietnam, if need to sign a business cooperation contract (BCC contract), please contact Hong Bang Law Firm for legal advice and support during the investment process.
If you need more detailed advice as well as how to access this service, please contact Lawyer Nhat Nam via hotline: 0912.35.65.75, 0912.35.53.53 or call the legal consulting centre at 1900.6575 or send a service request via email: lienheluathongbang@gmail.com.
We wish you and your family good health, peace and success!
Best regards,
