The extension of the time limit for transferring proceeds from the liquidation of investment projects back to the country is specified in Clause 3, Article 86.Decree 31/2021/ND-CPas follows:

End investment activities abroad

1. Immediately after finishing the investment activity, the investor must liquidate the investment project according to the provisions of law of the country or territory receiving the investment.

2. Within 06 months from the date of the tax finalization report or document with equivalent legal value according to the provisions of the law of the country or territory receiving investment related to the completion of payment. When disposing of an investment project, the investor must remit back to the country all proceeds from the liquidation of the investment project.

3. In case there is a need to extend the deadline specified in Clause 2 of this Article, at least 15 days before the expiration date, the investor must submit a written request and clearly state the reason to the Ministry of Planning and Investment for review. consider, decide. The extension may be made no more than once and no longer than 6 months. Within 15 days from the date of receiving the investor's written request, the Ministry of Planning and Investment shall respond in writing to the investor regarding the extension of the deadline for repatriating all proceeds from the payment. investment project management.

4. Within 60 days from the date of completing the liquidation of the investment project abroad and transferring back to the country all proceeds from the liquidation of the investment project (if any), the investor shall carry out the procedures Terminate the validity of the Certificate of overseas investment registration according to the provisions of Article 87 of this Decree.

Accordingly, within 06 months from the date of the tax finalization report or document with equivalent legal value according to the provisions of the law of the country or territory receiving investment related to the completion of the project. To liquidate an investment project, the investor must repatriate all proceeds from the liquidation of the investment project.

However, if there is a need, investors can extend the above deadline.

At least 15 days before the expiration date, the investor must submit a written request and clearly state the reason to the Ministry of Planning and Investment for consideration and decision.

The extension may be made no more than once and no longer than 6 months.