Accounting services
by INNO
Registration and periodic reporting of foreign loans
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Your business have foreign loans during operation. You have to register and periodically report to the State Bank. Contact INNO now!
Foreign loans registration service
Which foreign loans must be registered with the State Bank?
The foreign loans that must be registered with the State Bank include:
- Medium and long-term loans (loans with a term of more than 01 years).
- Short-term loans are extended for the total term of the loan is over 01 year.
- Short-term loans without renewal contracts but with outstanding principal balance at the end of one year from the date of the first loan amount withdrawal (unless the Borrower completes the loan repayment within 10 days from the date of the full 01 year from the date of the first loan amount withdrawal).
INNO’s foreign loan registration service
Foreign loan registration service, INNO will:
- Advising clients on regulations and documents to prepare.
- Preparing applications required by the State Bank.
- Signing applications and get the documents to the place.
- Applying directly at the State Bank.
- Monitoring the processing of the application, and notify the client as soon as the results are available.
- Return results to the place.
Foreign loans periodical reporting service
Which foreign loans must be periodically reported to the State Bank?
Companies must periodically report on foreign loan performance to the State Bank, including:
- Short term loan.
- Medium and long-term loans.
- Medium and long-term loans in the form of goods import deferred payment.
Therefore, businesses pay attention that short-term loans, although they do not have to register loan with the State Bank, but still have to report periodically.
INNO’s foreign Loan periodic reporting service
Foreign loan registration service, INNO will:
- Advising clients on current regulations related to foreign loans.
- Periodically update information about loans from clients.
- Preparing reports and submit them following the regulations and deadline of the State Bank.
- Monitoring the status of receiving reports from the State Bank.
- Updating information about submitting periodic reports to clients.
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