Foreign investors who want to register their business in Vietnam must apply for an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC).
Key Takeaways
Investment Registration Certificate (IRC)
- Step 1: Prepare application according to Enterprise Law 2020.
- Step 2: Submit the application dossiers
Investor submit the application to the Department of Planning and Investment where the head office is expected to be located or the Management board of industrial parks and export-processing zones, hi-tech zones and economic zone of the province where the project’s head office is located.
- Step 3: The competent authorities issue IRC to investor
05 working days from the receipt of the written approval for investment guidelines and the written approval for investor with respect to the investment project that is subject to issuance of an investment registration certificate.
15 days from the receipt of the investor’s investment registration certificate with respect to the investment project that is not subject to approval for its investment guidelines.
Enterprise Registration Certificate (ERC)
- Step 1: Prepare application according to Enterprise Law 2020 and Decree 01/2021/ND-CP
- Step 2: Submit application to Department of Planning and Investment
Dossier for enterprise registration can be submitted by three methods including directly at the Business Registration Office; via postal service and via the electronic communication network.
- Step 3: The competent authorities issue ERC
Within 03 working days from the receipt of the application, the business registration authority shall consider the validity of the application and decide whether to issue enterprise registration.
After being granted the Enterprise Registration Certificate, the company’s legal representative or authorized person shall engrave the enterprise’s legal seal and notify the enterprise seal sample.