Procedure for shutting down foreign investor’s operating office under business cooperation contracts

I.  Subjects implementing the procedure

Foreign investors (individuals and organizations) in business cooperation contracts have operating office.

Within 07 working days from the day on which the decision to shut down the operating office is issued, the foreign investor shall send a folder to the registry office where the operating office is located.

II.  Records for the procedure

1.  A decision to shut down the operating office in the case of shutdown of the operating office ahead of schedule;

2.  List of creditors and amount of debts which have been paid;

3.  A list of employers and their benefits provided;

4.  A tax authority’s certification of fulfillment of tax liability;

5.  A social security authority’s certification of fulfillment of social insurance obligations;

6.  The certificate of operating office registration;

7.  A copy of the investment registration certificate;

8.  A copy of the business cooperation contract.

III.  Legal basis

1.  Law on Investment No. 61/2020/QH14 on 17 June 2020

2.  Decree No. 31/2021/ND-CP on 26 March 2021 detailing and guiding the implementation of a number of articles of the Investment Law;

3.  Circular No. 03/2021/ND-CP on 09 April 2021 prescribing templates for documents and reports related to investment activities in Vietnam, outward investment activities and investment promotion activities.