When does the Certificate of Offshore Investment Registration cease to be effective?

Termination of Validity of Overseas Investment Registration Certificate - Illustrative image.

To be specific, Article 64 of the Investment Law 2020 stipulates the cases in which an Overseas Investment Registration Certificate may be terminated, including:

- The investor decides to terminate the operation of the investment project;

- The expiration of the operation period of the investment project as prescribed by the law of the host country;

- Under the conditions for termination of operations stipulated in the contract, enterprise charter;

- The investor transfers all overseas investment capital to a foreign investor;

- After 24 months from the issuance date of the Overseas Investment Registration Certificate, the investor does not implement or is unable to implement the investment project according to the registered schedule with the state management agency and fails to perform the procedures to adjust the implementation schedule of the investment project;

- The economic organization abroad is dissolved or goes bankrupt in accordance with the laws of the host country;

- According to the verdict, decision of the Court, or arbitration award.

Note: The investor is responsible for performing the procedures to terminate the operation of the investment project in the host country according to the laws of the host country and performing the procedures to terminate the validity of the Overseas Investment Registration Certificate, and the Ministry of Planning and Investment shall carry out the termination of the validity of the Overseas Investment Registration Certificate.

For more details, see Investment Law 2020, effective from January 1, 2021.

Le Vy

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