VIVA Business Consulting - FDI Company in Vietnam | Required Reporting About Investment Activities
According to Law on investment No. 61/2020/QH14 dated June 17, 2020, an FDI company shall submit quarterly and annual reports to investment registration authorities and local statistical agencies on the investment project execution, which specify:
1. Investment capital,
2. Investment results,
3. Employees,
4. Payment to government budget,
5. Investment in R&D,
6. Environmental protection,
7. And other professional indicators.
Agencies, investors and business organizations shall make reports in writing via the National Investment Information System.
Penalties violations against regulations on reporting and providing information about investment activities in Vietnam
1. A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed for any of the following violations: Failure to comply with regulations on reporting investment activities or reporting investment activities behind prescribed schedule; Submitting an untruthful or inaccurate report on investment activities.
2. Remedial measures: complete the investment supervision/assessment report if the violation specified.
3. Postponed any procedures of amending of Investment Registration Certificate or Enterprise Registration Certificate (IRC, ERC).
Please kindly find more detail in the link to explore our useful TIPs for Investment in Vietnam: https://investment-in-vietnam.vivabcs.com.vn
VIVA Business Consulting offer 20% discount on service fee for managing the required reports for FDI companies who are Members of AusCham, help the companies fully complied with local regulation, keep their good standing:
1. Collect required papers and information regarding to the reports
2. Prepare and complete the reports
3. Identify any risk or violation, correction actions… especially any risks or violation on investment capital, charter capital, loans from overseas, foreign employees…
4. Manage the reports – deadlines – related documents.
5. Submit on behalf and create lawful compliance proofs
6. Representative to manage and settle any query or requirement from the local competent state agencies for many years later.
Motivated by our core values of ceaseless improvement, our great insights in local business culture and regulations as well as the exclusive services promise offering you one stop and tailored solution that optimize every of your business in Vietnam in the lawful manner. We promise that you will be always complied with the local laws and regulations in optimal manners, with your good standing whenever you are working and doing business in Vietnam. We looking to be your valued business partner and resources in Vietnam as we have been choosing since 2006.
Should you need any further assistance, or to claim this offer, please contact:
VIVA BUSINESS CONSULTING CO., LTD.
12th Floor, International Plaza, 343 Pham Ngu Lao, District 1, HCMC
17th Floor, Prime Centre, 53 Quang Trung, Nguyen Du Ward, Hai Ba Trung District, Hanoi
Email: tienth@vivabcs.com.vn | Tel: 028 7304 0455 – 18001243
Website: https://vivabcs.com.vn