Under Decree 329/2025, IFC members skip outbound purpose declarations and move to ex post supervision. GIC executes every step of that process on your behalf — banking, AML, IFRS accounting, tax and regulatory reporting.
Resolution 222 and Decree 329 unlock real advantages for IFC members. Capturing them requires exact execution — banking setup, IFRS books, AML framework, regulatory filings. All of it at once.
Opening a member capital account inside Vietnam IFC requires a direct relationship with an IFC-licensed bank desk. Cold applications are rejected. Existing entities wait months.
Decree 329 removes the outbound purpose declaration for IFC members. The ex post disclosure report, capital account routing and bank coordination still happen — they just land on your team.
Financial institutions in the IFC must file under IFRS, not Vietnamese Accounting Standards. Local firms cannot support this. Big Four charges per engagement. Neither is built for your size.
GIC sits between your entity and every bank, regulator and tax authority inside Vietnam IFC. We execute. You approve.
Licensing referral via legal partner, member capital account opening at IFC-licensed bank, KYB and entity registration.
AML/CFT policy drafting, IFRS chart of accounts, IFC authority registration, Decree 329 FX procedures.
Monthly retainer: FX filings, AML monitoring, IFRS close, CIT/VAT/PIT, IFC regulatory reports. Client portal access.
No hourly billing. No per-deliverable invoices. A dedicated team owns every pillar and files on your behalf.
Member capital account setup at IFC-licensed banks. Outbound FX handling under Decree 329 ex post supervision — we prepare disclosures, route via capital account, coordinate with the bank desk.
Transaction screening against OFAC, UN and EU sanctions lists. On-chain monitoring for VASP entities. SAR drafting and MLRO coverage under the IFC AML/CFT framework (Decree 329).
IFRS-compliant bookkeeping (mandatory for IFC financial institutions), monthly close, CIT at applicable IFC rate, VAT and PIT filings. Audit-ready ledgers.
Prudential and conduct reports to the IFC supervisory authority. Board pack, capital adequacy schedules, and ongoing disclosure under Resolution 222 obligations.
Resolution 222 and Decree 329/2025 created a distinct regulatory track for IFC members. These are the confirmed, enacted differences — not projections.
Source: Resolution 222/2025/QH15 (effective 1 Sept 2025) and Decree 329/2025/NĐ-CP. GIC models your exact position during the onboarding assessment.
HQ has never set up in Vietnam IFC. Banking is opaque, AML requirements are IFC-specific, and IFRS filings are mandatory from day one.
AML scrutiny is high. Banking relationships are scarce. On-chain monitoring and travel rule compliance need to be live before the first transaction.
Foreign investors need a clean IFC entity, IFRS financials and a repatriation path. VAS books and a VN-only structure block the deal.
No advisory firm files for you. No software replaces the bank relationship. GIC holds both — and operates them under a flat monthly retainer.
Compliance leads hold CAMS credentials and IFC practitioner experience. Licensed Vietnamese counsel handles every legal referral. You always know who is on your file.
We model your exact tax position during onboarding. No separate engagement fee.
Decree 329/2025 shifts IFC members from ex ante (pre-approval) to ex post (post-transaction) FX supervision. A 100% foreign-owned IFC entity no longer needs to register or obtain approval before an outbound transfer. You still route via the member capital account and file a post-transaction disclosure — GIC prepares and submits both.
GIC has a direct working relationship with IFC-licensed bank desks in Da Nang and HCMC. We introduce your entity via an existing relationship — not a cold application. Specific partners are shared during your onboarding assessment.
Both. We refer entity formation and IFC licensing to vetted legal partners under an exclusivity arrangement. Once the license is issued, GIC takes over all operational compliance. One team end to end.
Priority-sector entities (fintech, fund management, securities) qualify for 10% CIT for 30 years, with a 4-year full exemption followed by 9 years at 50% reduction. Other qualifying sectors get 15% for 15 years. We confirm your applicable rate during onboarding.
Resolution 222 mandates IFRS for financial institutions inside Vietnam IFC — Vietnamese Accounting Standards (VAS) are not accepted for regulatory filings. Local accounting firms are generally not equipped for IFRS. GIC maintains IFRS-compliant books from day one.
Nothing formal. Bring your entity type, current license status (or intent to apply), and your primary compliance question. We map your full requirements — banking, AML, IFRS, tax, FX — in the 30-minute assessment.
Book a 30-minute assessment with a Galophy senior. We map your entity, license track and reporting calendar before you sign anything.