TO AMEND DOSSIER, ADMINISTRATIVE PROCEDURES ON FOREIGN EXCHANGE MANAGEMENT
The State Bank of Vietnam issues the Circular No. 15/2019/TT-NHNN on amending, supplementing a number of legislative documents on application, administrative procedures on foreign exchange management on October 11, 2019
To be specific, to supplement the new regulation that economic organization may agree with authorized credit institutions in agency contract to place foreign currency exchange agent at one or many locations where the economic organization has its head office or branch.
Besides, amend a number of necessary document on the dossiers for grant of foreign exchange agent-registration certificates as follow: Instead of Reports on facilities and equipment for foreign exchange services, the dossiers shall have to include the Report about the fully furnished of public exchange rate bulletin, signs stated the name of authorizing credit institution and name of foreign exchange agent of the economic organization.
In addition, the State Bank of Vietnam also amends the component of the Dossier for grant of offshore indirect investment registration certificates. Accordingly, from the effective date of this Circular, applicant only need to submit a copy of financial statements that have been audited for 3 consecutive years preceding the year of dossier submission instead of report of 5 consecutive years as former regulation.
This Circular takes effect on November 25, 2019.
