Question
We are foreign investors in Vietnam ? Lawyers in Danang, Vietnam advise on procedures for registration of capital contribution or purchase of shares ?
Answer
Procedures for registration of capital contribution or purchase of shares
Procedures for registration of capital contribution or purchase of shares or portion of capital contribution:
(a) An investor shall submit the file prescribed in Clause 2 of this Article to the department of planning and investment of the locality in which the head office of the economic organization is located;
(b) Where the capital contribution or purchase of shares or portion of capital contribution by the foreign investor satisfies the conditions prescribed in Points (a) and (b) Clause 1 Article 22 of this Law, the department of planning and investment shall, within a period of fifteen (15) days from the date of receipt of the complete file, notify in writing the investor for the latter to carry out the procedures for change of a shareholder or member in accordance with law. In the case of failure to satisfy the conditions, the department of planning and investment shall notify the investor in writing and specify the reason therefore (Clause 3 Article 26 Law on Investment No.67/2014/QH13 dated November 26, 2014).
Investors not within the cases prescribed in Clause 1 of this Article shall carry out the procedures for change of a shareholder or member in accordance with law upon capital contribution or purchase of shares or portion of capital contribution to the economic organization. Where there is a requirement for registration of the capital contribution or purchase of shares or portion of capital contribution to the economic organization, then the investor shall implement same in accordance with Clause 3 of this Article (Clause 4 Article 26 Law on Investment No.67/2014/QH13 dated November 26, 2014)./.
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DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son
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