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Investment incentives for businesses are important policies to attract investment and promote economic development. According to the Law on Investment 2020, there are 7 subjects eligible for investment incentives, including projects in priority fields, in difficult areas, on a large scale, using a lot of labor, and applying high technology. This article will analyze in detail the regulations on applying investment incentives for businesses.
Investment incentives for businesses are a State policy to encourage and attract investment in priority areas and areas for development. According to the provisions of Article 15 of the Law on Investment 2020, investment incentives include the following forms:
The purpose of investment incentives is to create favorable financial and land conditions for businesses, thereby promoting investment in fields and areas that the State wants to prioritize for development.
Pursuant to Clause 2, Article 15 of the Law on Investment 2020 guided by Article 19 of Decree 31/2021/ND-CP, there are 7 groups of subjects eligible for investment incentives:
Pursuant to Article 20 of Decree 31/2021/ND-CP on principles for applying investment incentives, some main principles are as follows:
According to the provisions of Article 15 of the Law on Investment 2020, businesses can enjoy the following main forms of investment incentives for businesses:
We will advise you on the types of investment incentives that you are entitled to, thereby supporting you in completing the documents and procedures to apply for investment incentives for you.
Pursuant to Article 17 of the Law on Investment 2020 guided by Article 23 of Decree 31/2021/ND-CP, procedures for applying for investment incentives are carried out as follows:
Step 1: Determine subjects and conditions for incentives: Enterprises need to review whether their investment projects are eligible for incentives according to the provisions of Articles 15 and 16 of the Law on Investment 2020 and Article 19 of the Decree. 31/2021/ND-CP or not.
Step 2: Declare incentives in the investment registration dossier: If the project is subject to investment registration, the enterprise needs to declare the incentives expected to receive in the application dossier for an Investment Registration Certificate. private.
Step 3: Self-determine the incentives to be enjoyed: Based on the Investment Registration Certificate, Investment Policy Approval Decision (if any) and relevant legal regulations, the enterprise will determine the specifics for itself. the incentives you enjoy.
Step 4: Carry out procedures to enjoy incentives at the authorities: Enterprises carry out procedures to enjoy incentives at the competent authorities:
Step 5: Monitor and report on the status of incentive implementation: During the process of enjoying incentives, businesses need to monitor and periodically report to state management agencies on the status of project implementation and response. preferential conditions.
With a team of experienced experts, Long Phan is committed to providing customers with reputable and effective consulting services. We will support and advise you from evaluating investment incentive conditions for businesses to incentives and preparing documents, representing customers in contacting state agencies to carry out procedures. Continue to enjoy investment incentives for customers.
Investment incentives for businesses are an important policy to attract investment capital in priority areas and areas for development. To fully enjoy incentives, businesses need to master the legal regulations and follow the correct procedures. If you need detailed advice on investment incentives, please contact hotline 0906735386 for answers.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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