Guide to IRC Re-issuance and Correction

The IRC Re-issuance and Correction procedure is a critical process to ensure the accuracy and legality of an investment project. During operations, an Investment Registration Certificate (IRC) may be lost, damaged, or contain errors or outdated information. Investors must therefore carry out this procedure to protect their rights and avoid legal risks. This article by Long Phan Consulting Company provides a detailed analysis of the IRC Re-issuance and Correction procedure under current law.

Conditions for the Procedure

According to Point l, Clause 18, Sub-item I, and Point l, Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT dated June 2, 2021, an investor performs the IRC Re-issuance and Correction procedure in the following cases:

• The Investment Registration Certificate is lost or damaged;
• The information on the Investment Registration Certificate is inaccurate compared to the information registered in the investment procedure dossier.

Dossier Components

As stipulated in Points c, d, k of Clause 18, Sub-item I, and Points c, d, k of Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT, depending on the specific need for re-issuance or correction, the investor must prepare 01 set of the dossier containing the corresponding written request. Specifically:

• A written request to re-issue the Investment Registration Certificate using Form A.I.17, issued with Circular No. 03/2021/TT-BKHĐT, for the re-issuance of an IRC.
• A written request to correct information on the Investment Registration Certificate using Form A.I.18, issued with Circular No. 03/2021/TT-BKHĐT, for the correction of information on an IRC.

Competent Authorities

The authority for IRC Re-issuance and Correction is specified in Point e, Clause 18, Sub-item I, and Point e, Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT, as follows:

• The Management Boards of industrial parks, export processing zones, high-tech parks, and economic zones are competent to receive dossiers and re-issue or correct IRCs for investment projects within these zones.
• The Department of Planning and Investment is responsible for receiving dossiers and re-issuing or correcting IRCs for all other cases (projects located outside industrial parks, export processing zones, high-tech parks, and economic zones).

Procedure Steps

According to Point a, Clause 18, Sub-item I, and Point a, Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT, the IRC Re-issuance and Correction procedure includes 02 steps:

Step 1: The investor submits a written request for re-issuance or correction of the Investment Registration Certificate to the competent Department of Planning and Investment or Management Board.

Step 2: The Department of Planning and Investment or Management Board re-issues or corrects the Investment Registration Certificate.

>>> See more at: Application for an investment registration certificate and drafting consultation

Services at Long Phan Consulting Company

With deep experience in investment and corporate law, Long Phan Consulting Company provides professional legal services to support clients in carrying out the IRC Re-issuance and Correction procedure quickly and effectively. Our scope of services includes:

• Consulting and analyzing the specific situation of the investment project to determine the exact procedure required.
• Preparing and completing the entire dossier in strict compliance with legal regulations.
• Representing the client to submit the dossier and work with competent authorities.
• Monitoring the dossier processing progress and resolving any issues that arise.
• Receiving and delivering the final results to the client.

Frequently Asked Questions (FAQ)

Below are some frequently asked questions about the IRC Re-issuance and Correction procedure:

What methods can be used to submit the dossier?

According to Point b, Clause 18, Sub-item I, and Point b, Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT, you can submit the dossier using one of the following two methods:

• Direct submission at the office of the Department of Planning and Investment or the Management Board.
• Submission via public postal service.

What is the processing time for the re-issuance of an Investment Registration Certificate?

According to Point d, Clause 18, Sub-item I, and Point d, Clause 19, Sub-item II, Section B, Appendix II, issued with Decision 701/QD-BKHĐT, the processing time for re-issuing an Investment Registration Certificate is 05 working days from the date of receipt of a valid dossier.

Where is the form for the Investment Registration Certificate stipulated?

The Investment Registration Certificate is stipulated in Form A.II.10 of Circular No. 03/2021/TT-BKHĐT.

Is there a fee for the IRC Re-issuance and Correction procedure?

The IRC Re-issuance and Correction procedure is free of charge.

Conclusion

Completing the IRC Re-issuance and Correction procedure is not only an obligation but also a right of the investor to ensure the legal validity and accuracy of project information. This process requires careful dossier preparation and adherence to regulated steps. To ensure the process is fast, accurate, and legally compliant, please contact Long Phan Consulting Company via Hotline 1900636389 for professional and effective support.