PROCEDURES FOR APPLYING IRC & ERC IN 2024

IRC and ERC, also known as Investment Registration Certificate and Enterprise Registration Certificate, are indispensable documents for foreign investors looking to invest in Vietnam. So, what are IRC and ERC? What are the procedures for applying IRC and ERC? Join DHtaxlaw to delve into the details in this article!

I. WHAT ARE IRC AND ERC?

IRC (Investment Registration Certificate) is a legal document issued by Vietnamese authorities to foreign investors. It verifies the details of the investment project, including its type, scale, and the benefits granted to the investor.

ERC (Enterprise Registration Certificate) is the subsequent document required by investors. After applying an IRC, investors can establish a company in Vietnam and applying for an ERC. This certificate confirms that the company has been legally registered and is authorized to conduct business in Vietnam.

IRC and ERC are crucial documents for any foreign investor seeking to operate a business in Vietnam. The IRC verifies the investment project, while the ERC validates the company. Both documents play a significant role in ensuring the legality and smooth operation of the investor's business.

II. PROCEDURES FOR APPLYING IRC AND ERC

1. Procedure for applying an IRC

2. Procedure for applying an ERC

Note:

• Processing time: The time for issuing permits may vary depending on the locality and nature of the project.
• Complete and accurate documentation: Incomplete or incorrect documentation may delay processing or result in rejection.
• Recommendation: Investors should consult with legal advisors to ensure their documents are complete and compliant.

III. IRC AND ERC SERVICES

Are you planning to invest in Vietnam? Don't worry about the complicated procedures for applying an IRC and ERC! DHtaxlaw is here to assist you, making your investment process smooth and efficient.

Vietnam's dynamic business environment has attracted numerous foreign investors. However, administrative procedures, especially those for applying an IRC and ERC, often make many investors feel overwhelmed and time-consuming. Understanding these difficulties, DHtaxlaw provides a "turnkey" service for IRC and ERC procedures, helping investors save time and effort.

Why choose DHtaxlaw?

• Expert team: With many years of experience in the legal field, we have a deep understanding of the regulations and procedures related to investment in Vietnam.
• Professional process: We ensure that all procedures are carried out quickly, accurately, and efficiently.
• Dedicated support: Our consulting team is always ready to answer all your questions, from preparing documents to completing the procedures.

What do you need to prepare?

• For organizational investors: Legally notarized business registration certificate; Passport of the representative managing the contributed capital.
• For individual investors: Identification Card/Passport.
• Documents proving financial capacity: Bank statement confirming account balance.
• Lease agreement.​​​