Legal basis
- Investment Law 2020
- Decree 31/2021/ND-CP guiding the Law on Investment
- Circular 03/2021/TT-BKHDT stipulating the form of documents and reports related to investment activities in Vietnam, investment from Vietnam to abroad and investment promotion issued by the Ministry of Planning and Investment onion
Regulation
According to Article 64.1 Investment Law 2020 about Invalidation of outward investment registration certificate, the outward investment registration certificate shall be invalidated in the following cases:
- The investor decides to terminate the investment project;
- The investment project duration is over in accordance with regulations of the law of the host country;
- The investment project has to be terminated according to the conditions set out in the contract or charter of the enterprise;
- The investor transfers all outward investment capital to a foreign investor;
- The investor fails to execute or is unable to execute the investment project in line with the schedule registered with the regulatory agency within 24 months from the date of issuance of the outward investment registration certificate and fails to follow the procedures for adjusting the execution schedule of the investment project;
- The foreign business organization is dissolved or goes bankrupt in accordance with the law of the host country;
- Pursuant to a judgment or decision of a court or an arbitral award;
Services provided by Hong Bang Law
Hong Bang Law will accompany customers in the whole process of carrying out the procedure with consulting and support services such as:
- Advising customers on conditions, documents and procedures for Invalidation of outward investment registration certificate;
- Receive information provided by enterprises; Drafting documents and records according to the provisions of law and ;
- An authorized representative of the client to carry out procedures at a competent state agency;
- Monitor the processing of dossiers by competent state agencies, explain to state agencies file-related issues;
Above is our consultancy about this issue. If you need more detailed advice and answers as well as how to access this service, please contact directly the Deputy Director of Sales: Lawyer Nhat Nam via hotline: 0912.35.65.75, 0912.35.53.53 or call the free legal consultation hotline 1900.6575 or send a service request via email: lienheluathongbang@gmail.com
Wishing you and your family good health, peace and success!
Best regards!
