Does an investor adjusting the Certificate of Investment Registration abroad have to carry out investment policy approval procedures before adjusting?
Adjustments to the Certificate of offshore investment registration are specified in 6 Article 63 Investment Law 2020 as follows:
Adjusting the Certificate of overseas investment registration
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5. For investment projects currently approved for overseas investment policy, when adjusting the contents specified in Clause 1 of this Article and Clause 8, Article 57 of this Law, the Ministry of Planning and Investment shall implement present procedures for approving adjustments to overseas investment policies before adjusting the Certificate of overseas investment registration.
6. In case the request to adjust the Certificate of Investment Registration abroad results in the investment project being subject to approval of the policy of investment abroad, the procedure for approval of the policy of investment abroad must be carried out. abroad before adjusting the Certificate of overseas investment registration.
7. Agencies and persons with authority to approve investment policies abroad have the authority to approve adjustments to investment policies abroad. Agencies and persons competent to decide on investment abroad have the authority to decide to adjust the content of the decision to invest abroad.
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Thus, according to regulations, in case the request to adjust the Certificate of Investment Registration abroad results in the investment project being subject to approval of the policy of investing abroad, the investor must carry out the procedure. Approve the policy of investing abroad before adjusting the Certificate of overseas investment registration.
In addition, for investment projects currently approved for overseas investment policy, when adjusting the contents specified in Clause 1, Article 63 Investment Law 2020 and Clause 8, Article 57 Investment Law 2020, the Ministry of Planning and Investment must carry out procedures for approving adjustments to investment policies abroad before adjusting the Certificate of overseas investment registration.