Legal Expertise

For foreign-invested enterprises (FDI) operating in Vietnam, the passport of the legal representative is a key identification document recorded across various legal and administrative records, including the Enterprise Registration Certificate, Investment Registration Certificate, banking records, work permits, and temporary residence cards. When a passport expires or is replaced but is not updated in a timely manner, the company may face significant compliance risks. In practice, failure to update passport information may result in disruptions to banking transactions, restrictions on signing payment instructions, as well as immigration issues due to inconsistencies between the passport and the temporary residence card. This topic analyzes the importance of updating the legal representative’s passport, clarifies common compliance risks faced by FDI companies, and provides practical recommendations to ensure stable and continuous business operations in Vietnam.