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Procedure for investment guarantee in cases where investment incentives can no longer be applied
Procedure type
investment
Issued agency
The Industrial Zones Authority
Process order

. Steps for implementing:

- Step 1: Investors submit written request for the application of the investment preferential guarantee measures prescribed in Clause 4, Article 13 of the Investment Law at the OSS. - Bac Giang Industrial Zones Authority.

+ Address: The Center for Public Administrative Services, the Inter-agency headquarter, 3/2 Square, Bac Giang city, Bac Giang province

+ Tel: 0204 3662 005

+ Time of receipt: In working hours from Monday to Friday

+ Method of receipt: The staff of the OSS shall check the set of documents; if it satisfies the regulations, a receipt (with the date of returning result) shall be handed over to the investor. In case the investor does not supply enough documents as required, they will be instructed to supplement documents.

- Step 2:

+ The staff of the OSS shall send the set of documents to the Investment Management Division as regulated

+ The Investment Management Division shall check and give the appraisal opinion on documents of the investment project for consideration and decision by the head of IZA.

+ After obtaining the investment policy of the head, the Investment Management Division advises the head to sign the decision on applying investment preferential guarantee measures and transfer the result to the OSS.

- Step 3: The investor shall show the submission receipt and receive the result at the OSS of Bac Giang Industrial Zones Authority.

Time to return results: In working hours from Monday to Friday

Process method
How to apply: - Apply directly at the OSS - Bac Giang Industrial Zones Authority - Apply by post;
Docmument number and component
Required documents and number of the sets of documents a) Required documents: - A written request for the application of investment preferential guarantee measures includes the following contents: + Name and address of the investor; + Investment Incentives regulated in the previous legal documents before the new one takes into effect including kind of incentives, conditions for preferential treatment and preferential level (if any); + The contents of new legal documents stipulating changes in investment preferences; + The investor's proposal on the application of investment preferential guarantee measures regulated in Clause 4, Article 13 of the Investment Law. - Investment license, business license, investment preference certificate, investment certificate, investment registration certificate, decision on investment policy or other documents related to investment preferences issued by competent authorities (if any of such papers). b) Number of sets of documents: 01 original set
Due-dates
Time limit: 30 working days from the receiving date of the valid document
Process by
The objects implementing administrative procedure: Foreign investors (individuals and organizations) have investment projects eligible for investment incentives but are subject to the cancellation of investment incentives (as stipulated in Clause 3, Article 13 of the Investment Law).
Result of administrative procedure
Level
3
Fees
Fees
Fees, duties: N/A
Document template
Requirement
Requirements and conditions for implementation of administrative procedure: The investors are required to meet the following conditions: - Investors run investment projects enjoying investment preferences but being subject to the cancellation of investment incentives (as regulated in Clause 3, Article 13 of the Investment Law). - A written request to the investment registration agency within 3 years from the date the new document takes effect to cancel the preferential treatment of the investor.
Legal foundation
Legal basis - Investment Law No.67/2014/QH13 dated 26/11/2014 of the National Assembly; - Decree No. 118/2015/ND-CP dated 12/11/2015 of the Government detailing and guiding the implementation of a number of articles of the Investment Law; - Circular No.16/2015/TT-BKHDT dated 18/11/2015 of the Ministry of Planning and Investment stipulating forms of implementation of investment procedures and reports on investment activities in Vietnam.

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