1. Conditions for investment in security services business

Registration to provide Protection Services by foreign investors is a process carried out under a series of specific regulations and conditions, to ensure stability and efficiency in creating an environment Business is convenient and safe. The following conditions must be complied with by foreign invested enterprises wishing to participate in this sector:

First of all, a specific form of investment, joint ventures with domestic enterprises, is popular and in demand. This creates opportunities for cooperation and exchange in the domestic business environment, while ensuring links with local factors.

For foreign invested enterprises, main requirements include:

• Continuous security service business operations for a minimum period of 05 years. This demonstrates their ability to maintain and develop their security service over time, and confirms their commitment to the sector.
• Capital contributions from foreign enterprises can only be used for the specific purpose of purchasing machinery and technical equipment to support security work. The minimum amount of investment capital from foreign enterprises is 1,000,000 USD (one million US dollars), demonstrating their importance and commitment in developing this field.
• Have a certificate proving that the business and its representative have not committed any violations of law in the host country or relevant countries. This ensures transparency and reputation of participating businesses.
• The person in charge of security and order at a security service business needs to have a college degree or higher, this ensures they have the necessary knowledge and skills to manage the security and order situation effectively. effectively.
• The person in charge of security and order must not have had their Certificate of eligibility for security and order revoked within the previous 24 months. This helps ensure the stability and reliability of the person holding this position.
• In short, providing protection services to foreign investors requires compliance with a series of strict conditions to ensure transparency, reputation and efficiency in an increasingly evolving business environment.

2. Order and procedures for establishing a security service company by foreign investors

The Process of Registering and Building a Foreign Business in the Security Services Sector

Step 1: Carry out Investment Registration Procedures

The first thing that foreign investors need to do is carry out procedures related to investment registration at the competent authority. Specifically, foreign investors will need to submit a set of documents to the investment registration agency where the enterprise is headquartered. This application set will include the following documents:

• Investment Project Proposal Document: Detailed description of the project that the investor intends to implement.
• Identity card/ID card/Personal passport (copy): For individual investors. Or Certificate of Establishment/Other equivalent documents on Legal Status (copy): For institutional investors.
• Documents on Financial Situation: Includes the investor's 02 most recent financial statements or commitments on financial support from the parent company, financial institution, guarantee of financial capacity or financing. Documents explaining the investor's financial capacity.
• Proposal for Land Use or Location Lease Contract: Describe the need to use land or documents confirming the right to use the location to implement the investment project.
• Explanation on Technology Use: For projects using technology in the List of technologies restricted from transfer, it is necessary to provide an explanation on the use of technology in the project.
• BCC contract: BCC contract (Build-Contract-Transfer) for investment projects in the form of BCC contract.
• Investment Project Proposal.
• Authorization documents

The investment registration agency will issue the Investment Registration Certificate within 15 working days from the date of receipt of complete and valid documents.

Step 2: Register your Business

After receiving the Investment Registration Certificate, the investor submits the business registration application at the one-stop department of the Department of Planning and Investment where the business is headquartered. Business registration documents include:

• Application for Business Registration.
• List of Members or Shareholders of the company: For limited liability companies with two or more members or joint stock companies.
• Personal certificate (copy) for individual investors. Or Business Registration Certificate or other equivalent document of the organization. Copy of ID card/Passport of the legal representative of the organization.
• Company rules.
• Authorization letter

After submitting the application, within 03 - 05 working days, if the application is valid and complete, the Department of Planning and Investment will issue a Business Registration Certificate.

After receiving the Business Registration Certificate, businesses need to publicly announce business registration information on the National Business Registration Portal, the notification period is 30 days from the date of publication.

Step 3: Engrave the seal and Notify the seal sample

After registering the business, the business will engrave the seal and announce the use of the seal sample on the National Business Registration Portal.

Step 4: Apply for a Security Service Business Order Certificate

After completing business registration, investors need to apply for a Security Service Business Order Certificate. To do this, they need to submit a set of documents to the Provincial Police Agency (city) where the business is located. The dossier set includes:

• Written request for Certificate of Security and Order for Security Services Business.
• Business registration certificate (certified copy).
• Minutes of Fire Prevention and Fighting Inspection (certified copy) from the Fire Prevention and Fighting Police.
• Graduation certificate Proving the educational level of the person responsible for security and order at the enterprise.
• Background Statement; Criminal record card of the person responsible for security and order of the company.

Within 05 working days from the date of receipt of complete and valid documents, the Police Agency will review and issue a Certificate of Safety and Order to the requesting enterprise.