A Japanese Investor’s Journey to Set Up a 100% Foreign-Owned Company in Vietnam – 5 Steps for Success

Jun 6

Client A, a Japanese investor and restaurant chain operator in Tokyo, decided to expand into Vietnam in early 2024. With a clear business plan, strong financial backing, and a ready management team, he expected to establish a 100% foreign-owned company in Ho Chi Minh City within a month.

However, reality proved more complex: his investment registration was rejected due to vague business descriptions, the licensing process was delayed due to multiple document revisions, and he almost faced penalties for late capital contribution from using the wrong type of bank account.

Upon engaging DEDICA, we successfully supported him through the entire process with the following 5 key steps:

Step 1: Apply for the Investment Registration Certificate (IRC)

We prepared a comprehensive application including business plan, investor profile, lease contract, and 3-year financial projections. Thanks to strategic preparation and coordination with authorities, the IRC was issued in just 15 working days.

Step 2: Apply for the Enterprise Registration Certificate (ERC)

Simultaneously, we pre-drafted all necessary documents. The ERC was approved within 3 working days after obtaining the IRC.

Step 3: Company Seal and Public Disclosure

We arranged for the official company seal and completed public disclosure on the National Business Registration Portal within 24 hours.

Step 4: Open Investment Capital Bank Account and Contribute Capital

We helped the client open a Direct Investment Capital Account (DICA), guided proper fund transfers from Japan, and ensured the capital was contributed on time to avoid legal issues.

Step 5: Obtain Sector-Specific Licenses

As the business was in food service, we obtained additional licenses:

Food Safety Certificate
Retail License (if applicable)
Work permits for foreign staff

Final Result: Fully Licensed and Operational Within 45 Days

The company officially opened its restaurant in District 1, Ho Chi Minh City within 45 days. The entire process was smooth, legally compliant, and cost-effective thanks to DEDICA’s support.

Contact DEDICA Law Firm today for expert legal advice!

Phone: (+84) 39 969 0012 (We are available on WhatsApp, WeChat and Zalo)
Head Office: 144 Vo Van Tan Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam
Hours: Monday–Friday (8:30 am – 6:00 pm)

Call us now or leave us a message to get advice. Initial consultation is free of charge.