Vietnam: Legal Advice For Amendment Of Investment Certificate And Certificate Of Enterprise

Last Updated: 4 January 2018

Question: Our company is now seeking legal advices for amendment of Investment Certificate and Certificate of Enterprise. Please quote.

Answer:

1.            TIMING AND SCOPE OF WORK

We anticipate that in order to complete the proposed amendment, Client shall have to complete following steps:

a. Preparing the application dossier: We shall collect necessary information and documents from Upon receipt of necessary information and documents from you, we shall translate documents from English into Vietnamese and prepare the application dossier under the standard forms. The initial drafted application dossier shall be sent to you for your comments. Then, after updating the application dossier based on your comments, we shall obtain the preliminary comments from the competent authority and send the finalized application dossiers for you to sign and seal. We anticipate that this phase shall be completed within 05 working days.

b. Amendment of Investment Certificate: Within 02 working days from receipt of duly signed and sealed application dossier, we shall submit the application dossier to the Licensing Within 25 working days from submission of application dossier to the competent authority, Client shall obtain the amended Investment Certificate.

c. Obtaining Enterprise Registration Certificate: Within 02 working days from receipt of amended Investment Certificate, we shall submit the application dossier to the Licensing Authority for obtaining Enterprise Registration Certificate. Within 05 working days from submission of application dossier to the competent authority, Client shall obtain the Enterprise Registration Certificate

d. Amendment of Business License: Within 02 working days from receipt of duly signed and sealed application dossier, we shall submit the application dossier to the Licensing Within 45 working days from submission of application dossier to the competent authority, Client shall obtain the amended Business License.

1.1.          Our scope of work

In light above, following works are proposed based on the request of Client. However, depending on the specific position/situation of Client, several work items may not be necessary. Meanwhile, other works may be required. However, any additional works shall not fall under the scope of this Legal Service Proposal, but could be provided upon request.

SCOPE OF SERVICES

Preparation of the application documents:

  • Notifying application documents required in accordance with Vietnamese law;
  • Drafting application documents required for submission purpose in English language;
  • Liaising with Client to discuss the draft application documents;
  • Amending the application documents based on Client's comments;
  • Obtaining preliminary comments from the licensing authority on the draft application documents;
  • "Finalizing the application documents following comments from the licensing authority; and
  • "Translating the final version of the application documents into Vietnamese for execution.

Licensing Procedures:

  • Submitting the application dossier to the licensing authority on Client's behalf;
  • Monitoring and following up with the relevant authorities on the approval process;
  • Keeping you updated on the developments and additional requirements, if any; and
  • Assisting Client in obtaining amended Investment Certificate and Certificate of Enterprise Registration and amended Business License

2.  PROFESSIONAL FEE

The Price for performing the SB Law services as mentioned in item 1 above will be as follows:

  • Preparing document application: 25,900,000VND (Twenty five million and nine hundred thousand Vietnam Dong);
  • Amendment of Investment Certificate and obtaining Enterprise Registration Certificate to reflect supplementation of business lines: 75,250,000VND (Seventy five million and two hundred fifty thousand Vietnam Dong).
  • Amendment of    Business     License     to    reflect    supplementation     of    goods: 82,500,000VND (Eighty two million and five hundred thousand Vietnam Dong).

The fee is exclusive of 10% VAT and cost for translating Client's documents from English into Vietnamese (225,000VND/150 words).

29 Dec 2017

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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