Prepare reports on the implementation of transferring investment capital abroad periodically. Support services for preparing reports on the implementation of investment capital transfers to facilitate investors investing and doing business in Vietnam. At Long Phan, we are proud to have experts as leading partners to successfully and effectively implement this practice for foreign businesses.

Conditions for investors to transfer investment capital abroad to carry out investment activities

Article 66 of the Law on Investment 2020 stipulates conditions for investors to transfer investment capital abroad. Compliance with these conditions is mandatory to ensure the legality of international investment activities. Conditions for performing this procedure include:

Investors must be granted an Outward Investment Registration Certificate. This is an important legal document, confirming the investor’s right to conduct investment activities abroad. However, there is an exception to this condition. In the case of transferring foreign currency, goods, machinery and equipment abroad to serve survey, research, market exploration and other investment preparation activities, investors do not need a Certificate. receive this.

Investment activities must be approved or licensed by the competent authority of the receiving country. This ensures the legality of investment activities in the host country. In cases where the host country’s law does not provide for licensing or investment approval, investors need documents proving their right to invest in that country.

Investors must have an overseas investment capital account. This account must be opened at a credit institution licensed to operate in Vietnam, complying with the provisions of law on foreign exchange management.

In addition, the process of transferring investment capital abroad must comply with other provisions of Vietnamese law, including laws on foreign exchange management, export and technology transfer. Full compliance with these conditions and regulations will ensure the legality and convenience of investors’ investment activities abroad.

Reporting regime on the implementation of investors’ transfer of investment capital abroad

Reporting subject

Article 72 of the Law on Investment 2020 clearly identifies the entities responsible for reporting on the transfer of investment capital abroad. This is an important legal requirement, ensuring transparency and efficiency in the management of international investment activities. Accordingly, the subjects that must report include:

• Investment management agencies are responsible for synthesizing and reporting the investment situation within their scope of management to ministries and ministerial-level agencies responsible for managing investment activities abroad.
• State capital representative agencies at enterprises need to report on the use and management of state capital in overseas investment projects.
• Investors directly carry out investment projects abroad.

Investor reporting helps management agencies grasp the current status of the project, thereby making timely policy adjustments.

Report form

According to the provisions of Clause 3, Article 72 of the Law on Investment 2020, reporting is done through two main forms: in writing and through the National Investment Information System.

Written reports are a traditional form, ensuring officiality and long-term storage. These reports need to be fully signed and stamped according to regulations.

The National Investment Information System is a modern electronic platform, helping the reporting process become faster and more convenient. Using this system saves time, costs and increases the accuracy of information.

Report content

Clause 3, Article 73 of the Law on Investment 2020 regulates in detail the content and deadline for reporting on the implementation of investment capital transfer abroad. These requirements ensure that state management agencies fully and promptly grasp information about overseas investment activities.

First report:

• Implemented within 60 days from the date the investment project is approved or licensed in the investment receiving country.
• The notification must include all of the following documents: Written notice of the implementation of investment activities abroad, a copy of the investment project approval document or documents proving the right to invest in the host country. in.
• This report is sent to the Ministry of Planning and Investment, the State Bank of Vietnam and the Vietnamese representative agency in the investment receiving country.

Quarterly and annual reports:

• This is a report on the performance of the investment project.
• These reports provide updated information on project implementation progress, financial situation and issues arising during the investment process.
• This report is sent to the Ministry of Planning and Investment, the State Bank of Vietnam and the Vietnamese representative agency in the investment receiving country.

Financial reports and tax settlement:

• Implementation deadline: Within 6 months from the date of tax finalization report or equivalent document according to the regulations of the investment receiving country.
• The report needs all the following documents: project performance report, financial report and tax finalization report.
• This report is sent to the Ministry of Planning and Investment, the State Bank of Vietnam, the Ministry of Finance and the Vietnamese representative agency in the investment receiving country.

For projects using state capital, in addition to the above reports, investors must also comply with a specific reporting regime according to regulations on management and use of state capital invested in production and business. business at business.

Consulting services and support for preparing reports on the implementation of transferring investment capital abroad at Long Phan

Long Phan provides professional consulting services in the field of preparing reports on the implementation of transferring investment capital abroad. With a team of experienced experts and a deep understanding of international investment law, we are committed to supporting customers throughout the entire reporting process.

Long Phan’s services include:

• Consulting on legal requirements related to reporting on capital transfer abroad.
• Instructions for preparing complete and accurate documents to optimize investors’ time.
• Consulting and guiding investors to carry out periodic reports and prepare documents to accompany the reports.
• Consulting on other issues related to investors’ investment activities.

We are committed to providing professional services, meeting all the needs of businesses in the process of preparing reports on the implementation of transferring investment capital abroad.

Preparing reports on the implementation of transferring investment capital abroad is a mandatory procedure for foreign investors transferring investment capital from the territory of Vietnam. To ensure the reporting process goes smoothly, customers can contact Long Phan for professional advice and support. Please call the hotline immediately 0906735386 to have all your questions answered and receive dedicated support from our team of experts.