What are details of Decree 132/2024/ND-CP stipulating regulations on outward investment xem bóng đá trực tiếp vtv2 petroleum activities xem bóng đá trực tiếp vtv2 Vietnam?
What are details of Decree 132/2024/ND-CP stipulating regulations on outward investment xem bóng đá trực tiếp vtv2 petroleum activities xem bóng đá trực tiếp vtv2 Vietnam?
On October 15, 2024, the Government of Vietnam issuedDecree 132/2024/ND-CPdetailing outward investment xem bóng đá trực tiếp vtv2 the following forms to engage xem bóng đá trực tiếp vtv2 petroleum activities and overseas petroleum projects (hereinafter referred to as outward investment xem bóng đá trực tiếp vtv2 petroleum activities):
- Establishing economic organizations xem bóng đá trực tiếp vtv2 accordance with the law of the host country
- Investing xem bóng đá trực tiếp vtv2 the form of contracts overseas
- Contributing capital, purchasing shares, buying capital contributions of economic organizations overseas to participate xem bóng đá trực tiếp vtv2 managing such organizations
- Other investment forms xem bóng đá trực tiếp vtv2 accordance with the law of the host country
Decree 132/2024/ND-CPtakes effect xem bóng đá trực tiếp vtv2 Vietnam from December 5, 2024.
What are details of Decree 132/2024/ND-CP stipulating regulations on outward investment xem bóng đá trực tiếp vtv2 petroleum activities xem bóng đá trực tiếp vtv2 Vietnam? (Image from Internet)
What does outward investment capital xem bóng đá trực tiếp vtv2 petroleum activities include?
Pursuant to Article 4 ofDecree 132/2024/ND-CP, outward investment capital xem bóng đá trực tiếp vtv2 petroleum activities includes:
Article 4. Outward investment capital xem bóng đá trực tiếp vtv2 petroleum activities
- Sources of outward investment capital xem bóng đá trực tiếp vtv2 petroleum activities consist of money and other lawful assets of investors, including equity capital, loans xem bóng đá trực tiếp vtv2 Vietnam transferred abroad, recovery costs, profits, and shares from overseas petroleum projects retained for reinvestment overseas.
- Money and other lawful assets as mentioned xem bóng đá trực tiếp vtv2 clause 1 of this Article include: a) Foreign currency xem bóng đá trực tiếp vtv2 accounts at authorized credit institutions or purchased at authorized credit institutions as prescribed by law;
b) Vietnamese currency xem bóng đá trực tiếp vtv2 compliance with Vietnam's foreign exchange management laws; c) Machinery, equipment, materials, raw materials, fuel, finished goods, semi-finished goods;
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Thus, the sources of outward investment capital xem bóng đá trực tiếp vtv2 petroleum activities include money and other lawful assets of investors, comprising equity capital, loans xem bóng đá trực tiếp vtv2 Vietnam transferred abroad, recovery costs, profits, and shares from overseas petroleum projects retained for reinvestment overseas.
Money and lawful assets include:
- Foreign currency xem bóng đá trực tiếp vtv2 accounts at authorized credit institutions or purchased at authorized credit institutions as prescribed by law
- Vietnamese currency xem bóng đá trực tiếp vtv2 compliance with Vietnam's foreign exchange management laws
- Machinery, equipment, materials, raw materials, fuel, finished goods, semi-finished goods
- Intellectual property, technology, brand value, asset rights- Shares, capital contributions, projects of investors exchanged at economic organizations xem bóng đá trực tiếp vtv2 Vietnam and overseas economic organizations as prescribed
- Other lawful assets as prescribed by civil law xem bóng đá trực tiếp vtv2 Vietnam.
What areconditions for issuance of outward investment registration certificate xem bóng đá trực tiếp vtv2 Vietnam?
Based on Article 60 of theInvestment Law 2020, which stipulates the conditions for issuance of outward investment registration certificate xem bóng đá trực tiếp vtv2 Vietnam:
Article 60. Conditions for issuance of outward investment registration certificate xem bóng đá trực tiếp vtv2 Vietnam
- outward investment activities comply with the principles specified xem bóng đá trực tiếp vtv2 Article 51 of this Law.
- Not within sectors and trades banned from outward investment specified xem bóng đá trực tiếp vtv2 Article 53 of this Law and fulfill the conditions for outward investment for conditional outward investment sectors and trades as stated xem bóng đá trực tiếp vtv2 Article 54 of this Law.
- The investor has a commitment to self-arrange foreign currency or a commitment for foreign currency arrangement to conduct outward investment activities through authorized credit institutions.
- A decision for outward investment as stipulated xem bóng đá trực tiếp vtv2 Article 59 of this Law.
- A document from the tax authority confirming the fulfillment of tax obligations by the investor. The confirmation from the tax authority should not be more than 3 months until the date of submission of the investment project dossier.
Therefore, an investment project is granted a outward investment registration certificate when it meets the following conditions:
(1)outward investment activities comply with the following principles:
- The State encourages outward investment to:
+ Exploit, develop, and expand markets;
+ Increase the export of goods, services, and foreign currency earnings;
+ Access modern technology, enhance management capability, and add resources for the socio-economic development of the country.
- Investors conducting outward investment activities must comply with legal provisions.
- Have sole responsibility for the effectiveness of outward investment activities.
(2)Not within sectors and trades banned from outward investment, including:
- Trading narcotics as prescribed.
- Trading specific chemicals, minerals as prescribed.
- Trading specimens of wild fauna and flora species originating from natural harvest.
- Prostitution business;
- Trading xem bóng đá trực tiếp vtv2 humans, tissues, human cadavers, human organs, human fetuses;
- Business activities related to human cloning;
- Explosive business;
- Debt collection services.
- Sectors and trades with technology, products subject to export prohibition as prescribed by foreign trade management laws.
- Sectors, trades prohibited by the laws of the host investment reception country.
(3)The investor has a commitment to self-arrange foreign currency or a commitment for foreign currency arrangement to conduct outward investment activities through authorized credit institutions.
(4)A decision for outward investment according to regulations.
(5)A document from the tax authority confirming the fulfillment of tax obligations by the investor.
