FOREIGN DIRECT INVESTMENT COMPANY (FDI COMPANY) ESTABLISHMENT SERVICES IN VIETNAM (2026): WHAT TO DO AFTER ESTABLISHING AN FDI COMPANY? (1)
Establishing a Foreign Direct Investment (FDI) company in Vietnam is only the first step in entering the Vietnamese market. After obtaining the Investment Registration Certificate (IRC) and the Enterprise Registration Certificate (ERC), foreign investors must complete a series of mandatory post-establishment procedures before the company can legally commence operations. These include opening a Direct Investment Capital Account (DICA), making capital contributions within the statutory deadline, completing initial tax registration, registering for electronic invoices, obtaining any required sector-specific licenses, and fulfilling ongoing investment reporting obligations.
Failure to complete these procedures may expose the company to legal risks, administrative penalties, delays in business operations, or difficulties in obtaining additional licenses and approvals. This guide outlines the essential post-establishment requirements for FDI companies in Vietnam in 2026, helping foreign investors understand the legal obligations that must be fulfilled to ensure full compliance and a smooth business launch.
Clients interested in support services for establishing a foreign-invested company in Vietnam (2026) may contact Dai Quang Minh Company via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.
In addition, Dai Quang Minh Company provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.
Contact:
- Zalo: 0932.191.299
- Gmail: info@quangminhlawfirm.com
- Viber: (+84) 337926405/ (+84) 869672216
- WhatsApp: (+84) 337926405/ (+84) 869672216
- Wechat: (+84) 337926405 (ID: _pouniverse)/ (+84) 869672216 (ID:DQM_Verna)
- Telegram: (+84) 337926405/ (+84)869672216
I. Step 1: Publish enterprise registration information
After obtaining the Enterprise Registration Certificate (ERC), an FDI company is required to publish its enterprise registration information in accordance with Vietnamese law. This is a mandatory post-establishment obligation that applies to both domestic enterprises and foreign-invested companies.
The published enterprise registration information generally includes:
- Company name;
- Enterprise registration number;
- Registered head office address;
- Legal representative;
- Registered business lines;
- Charter capital;
- Information on founding members or founding shareholders (if any); and
- Other enterprise registration details as stated in the approved registration dossier.
For an FDI company, publishing enterprise registration information should not be treated as a mere administrative formality. The information recorded in the ERC should be fully consistent with the Investment Registration Certificate (IRC), particularly regarding the investors, investment capital, registered office address, project location, business lines, and scope of investment activities. Any inconsistency between the IRC and the ERC may create difficulties when opening a Direct Investment Capital Account (DICA), making capital contributions, obtaining sector-specific licenses, completing tax procedures, or carrying out future amendments to the company's registration.
For example, if the IRC states that the investment project's objective is to provide consulting services, while the ERC additionally registers retail, e-commerce, or distribution activities, the company may be required to explain the discrepancy during subsequent post-establishment procedures. Likewise, if the charter capital recorded in the ERC does not correspond to the investment capital specified in the IRC, the foreign investor may encounter obstacles when opening the DICA and making capital contributions.
Accordingly, immediately after the ERC is issued, the company should carefully review all information contained in the certificate before publishing the registration information and proceeding with the remaining post-establishment procedures. If any discrepancies are identified such as errors relating to the company name, registered office, capital, business lines, legal representative, or information on members or shareholders they should be corrected promptly to avoid affecting the company's future operations.
II. Why choose Dai Quang Minh Company
With years of practical experience in legal consulting, Dai Quang Minh Company is a pioneer in corporate support services, specializing in fast and affordable company formation. Below are the reasons to choose business registration services at Dai Quang Minh Company:
Human Resources: Gather a team of corporate legal experts and project legal experts with a long working history at domestic private economic groups; large foreign-invested enterprises operating in Vietnam.
Consulting Policy: Clients are gifted a completely free legal consulting package when using services at Dai Quang Minh Company.
Professionalism and Experience: Dai Quang Minh Company has a workforce with in-depth knowledge of business formation, ensuring a swift and accurate consulting process.
Time-Saving: Using Dai Quang Minh Company 's services helps you save precious time as we handle the entire process and related procedures.
Legal Insight: Dai Quang Minh Company ensures that all relevant legal regulations are strictly followed in accordance with the law.
Customization: Our consulting services are highly adaptable to your specific needs, allowing you to choose options suitable for your business.
Trusted Partner: Dai Quang Minh Company has built a reputation for providing affordable business setup consulting to many enterprises and individuals nationwide.
Confidentiality Assurance: Dai Quang Minh Company is committed to the absolute protection of your personal and business information.
Detailed Support: Dai Quang Minh Company provides detailed advice and support regarding the process and requirements to help you better understand business formation.
Process Optimization: Our consulting helps optimize the business setup process, minimizing potential risks and difficulties.
Excellent Customer Experience: Dai Quang Minh Company is dedicated to providing the best customer experience through professional advice and enthusiastic support.
Focus on Business Plans: By utilizing our registration services, you can focus on developing your business plans and core activities instead of worrying about legal procedures.
III. Step 2: Complete the company seal, office signboard, and internal corporate records
After obtaining the Enterprise Registration Certificate (ERC), an FDI company should complete its company seal, office signboard, and internal corporate records before conducting business transactions, opening a corporate bank account, opening a Direct Investment Capital Account (DICA), dealing with the tax authorities, or applying for any sector-specific licenses. Although this step is often overlooked, it plays an important role in ensuring proper corporate governance and the validity of subsequent post-establishment procedures.
The key tasks include:
- Engraving the company seal, if the company intends to use one for business transactions;
- Installing the company signboard at the registered head office;
- Finalizing and maintaining the company's internal version of the Charter;
- Preparing the register of members or the register of shareholders, as applicable;
- Issuing appointment decisions for managers, the chief accountant, or other responsible personnel, where required;
- Maintaining complete records of the IRC, ERC, Company Charter, office lease agreement, investor documents, and capital contribution documents; and
- Preparing the documentation required for opening a corporate bank account, opening a Direct Investment Capital Account (DICA), completing the initial tax registration, and applying for any required sub-licenses for conditional business lines.
For foreign-invested companies, internal corporate records serve a purpose beyond record keeping. The information contained in these records should be fully consistent with the Investment Registration Certificate (IRC) and the Enterprise Registration Certificate (ERC), particularly regarding the investors, ownership ratios, charter capital, legal representative, registered office address, project location, and registered business lines.
If the internal records are inconsistent with the IRC or ERC, the company may encounter difficulties when opening a DICA, making capital contributions, executing contracts, completing tax registration, issuing electronic invoices, or obtaining sector-specific licenses. For example, discrepancies between the ownership ratios stated in the Company Charter and those recorded in the ERC, inconsistencies between the office lease agreement and the investment registration documents, or documents signed by an unauthorized representative may delay post-establishment procedures.
Accordingly, immediately after the ERC is issued, an FDI company should conduct a comprehensive review of all internal corporate records before proceeding with subsequent procedures, including opening bank accounts, making capital contributions, completing initial tax registration, registering for electronic invoices, and obtaining any required sub-licenses.
IV. Step 3: Open a corporate bank account and a direct investment capital account (DICA)
One of the most important post-establishment procedures for an FDI company is determining whether it is required to open a corporate bank account and a Direct Investment Capital Account (DICA). This step is directly related to receiving capital contributions from foreign investors, demonstrating the flow of investment funds, remitting profits abroad, transferring capital, adjusting investment capital, and complying with Vietnam's foreign exchange control regulations.
A Direct Investment Capital Account (DICA) is a dedicated bank account used to receive capital contributions from foreign investors in cases where the enterprise is legally required to maintain such an account. If an FDI company receives capital contributions through an incorrect account or fails to open a DICA when required, it may encounter difficulties in proving the legality of the capital contribution, amending the Investment Registration Certificate (IRC) or Enterprise Registration Certificate (ERC), remitting profits overseas, or satisfying the compliance requirements of banks and competent authorities.
|
Account Type |
Purpose |
Important Notes |
|
Corporate Current Account |
Used for day-to-day business transactions, receiving payments from customers, and paying operating expenses. |
This account does not replace a Direct Investment Capital Account (DICA) where the company is legally required to open one. |
|
Direct Investment Capital Account (DICA) |
Used to receive capital contributions from foreign investors and manage investment-related cash flows. |
The account information must be consistent with the IRC, ERC, investor details, capital contribution schedule, and supporting banking documents. |
|
Foreign Currency Account (if applicable) |
Used to receive and transfer foreign currencies, depending on the company's operational needs and banking arrangements. |
Availability depends on the currency of the capital contribution, the company's business requirements, and the policies of the selected bank. |
V. Step 4: Make capital contributions on time and through the correct account
After establishing an FDI company, foreign investors must make their capital contributions within the prescribed timeframe, through the correct bank account, by the registered investor, and in accordance with the approved investment structure. This is a critical legal obligation, as it directly affects the investor's ownership interest, legal status, investment reporting obligations, profit remittance abroad, capital transfers, and any future amendments to the investment project.
For an FDI company, capital contributions should not be made by simply transferring funds into any bank account held by the company. Where the company is required to maintain a Direct Investment Capital Account (DICA), all capital contributions from foreign investors must be transferred through the DICA using the correct payment details and supported by complete banking documentation.
Before transferring investment capital, foreign investors should verify at least the following:
- The amount of capital to be contributed as specified in the Investment Registration Certificate (IRC), the Enterprise Registration Certificate (ERC), and the Company's Charter;
- The statutory or registered deadline for capital contribution;
- The ownership ratio of each investor;
- Whether the receiving account is a corporate current account or a Direct Investment Capital Account (DICA);
- The currency in which the capital contribution will be made;
- The payment description stated in the bank transfer;
- Whether the remitting party is the registered foreign investor; and
- Whether all supporting banking documents have been properly retained and the information in the IRC, ERC, DICA, and banking records is fully consistent.
If capital is contributed through the wrong account, by an unregistered investor, after the prescribed deadline, or without adequate supporting documents, the company may encounter difficulties when dealing with banks, tax authorities, or investment authorities, as well as when remitting profits overseas. In addition, failure to contribute capital in accordance with the approved schedule may affect the company's investment project reporting obligations and complicate future procedures for adjusting investment capital or amending the investment project.
Continue reading in Part 2, where we discuss the remaining post-establishment procedures for FDI companies in Vietnam, including initial tax registration, electronic invoices, sector-specific licenses, labor compliance, and investment reporting obligations.
Prospective clients seeking assistance with procedures for establishing a foreign-invested company in Vietnam (2026) are kindly invited to contact Dai Quang Minh Company via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.
In addition, Dai Quang Minh Company provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.
Contact:
- Zalo: 0932.191.299
- Gmail: info@quangminhlawfirm.com
- Viber: (+84) 337926405/ (+84) 869672216
- WhatsApp: (+84) 337926405/ (+84) 869672216
- Wechat: (+84) 337926405 (ID: _pouniverse)/ (+84) 869672216 (ID: DQM_Verna)
- Telegram: (+84) 337926405/ (+84) 869672216
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