We refer with thanks to the conservation between you and our representative via email from which we were requested to advice on possibilities of amending the Investment Certificate regarding the change of legal representative of FDI Company (hereinafter referred to as “Company”), under the Law of Vietnam.
Therefore, we are grateful to set our Legal Services Proposal for your review and consideration as follows:
1.BRIEF SUMMARY OF BACKGROUND AND OUR COMMENTS CHANGE OF LEGAL REPRESENTATIVE
To change the Legal Representative of the Company in Vietnam, your Company has to perform the procedure to amend the Investment Certificate at Department of Planning and Investment or the IZ Management Board (the Licensing Authority). According to the current law and working procedures of the competent authority to amend the Investment Certificate, your Company must comply with the following procedures:
- Your Company must submit a valid Application Dossier to the Licensing Authority where Company’s head office was located;
- The Licensing Authority will issue a Amended Investment Certificate for your Company;
- Your Company has to post the changed information on one of kind of written newspapers or central online newspapers in 03 (three) consecutive issues.
2.SCOPE OF WORKS
With regards to the amendment Investment Certificate of Company in Vietnam, our scope of work shall be as follows:
Describe the scope of services
2.1.Preparation of the application documents:
Notifying application documents required in accordance with Vietnamese law; Drafting application documents required for submission purpose including Minute and Decision of the Company, Application, Power of Attorney;
Liaising with your Company to discuss the draft application documents; Amending the application documents based on your comments;
Obtaining preliminary comments from the licensing authority on the draft application documents;
Finalizing the application documents following comments from the licensing authority. Translate the document into Vietnamese for signing (if necessary).
2.2.Licensing procedures:
Submitting the application dossier to the licensing authority on your 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 you in obtaining the Certificate of business registration.
2. 3. Post-licensing procedures: Placing an announcement on the amended information of the Company in newspaper
3. The roadmap for the amendment of the Company can be described in following steps as follows:
- The duration for drafting Application Dossier: within 3 working days from the date that your Company provides fully documents as SB Law’s requests;
- The duration for receiving the Amended Investment Certificate: within 15-30 working days from the date of official submission of the valid Application Dossier. - The duration of publishing announcement: within 07 working days from the date of receiving the new Investment Certificate and then the changed information of Company will have sent to Newspaper Agency. Note: For avoidance of any doubt, in practice, the administrative procedure can be longer due to that the competent authority must consult relevant authority before granting Amended Certificate. In such case, SB Law shall try its best to accelerate the progress in order to obtain the approval at the soonest.
3. PROFESSIONAL FEE
The Price for performing the SB Law services as mentioned in item 4 above will be as follows:
- Service fee: 20,000,000 VND ( In word: Twenty million Vietnamese Dongs); - VAT: 2,000,000 VND (In word: Two million Vietnamese Dongs);
Total fee: 22,000,000 USD (In word: Twenty two million Vietnamese Dongs);
If you would like further information on Amending the Investment Certificate regarding the change of legal representative of FDI Company., please either email to our Partners at: info@sblaw.vn or call to our Office:
Ha Noi Office: +84 (4) 62 62 0246
HCM Office: +84 (8) 35 208 101.
