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Knowledge of investment to establish a business

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Borrowing from abroad, repaying foreign loans

  • Instructions | Managing foreign exchange for borrowing and paying foreign debts of enterprises (From November 15, 11)
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  • Consolidated document 03/VBHN-NHNN on foreign exchange management for foreign borrowing and repayment of enterprises
  • Circular 12/2014/TT-NHNN stipulating conditions for foreign loans of enterprises that are not guaranteed by the government

Foreign investment in Vietnam

  • Instructions | Retail business license for foreign-invested economic organizations
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  • Circular 06/2019/TT-NHNN guiding foreign exchange management for foreign direct investment activities in Vietnam
  • Decree 86/2018/ND-CP stipulating foreign cooperation and investment in the field of education
  • Official Letter 4248/BCT-KH dated May 30, 05 of the Ministry of Industry and Trade guiding the determination of wholesale/retail for foreign-invested enterprises
  • Circular 19/2014/TT-NHNN guiding foreign exchange management for direct investment activities in Vietnam
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Business and Investment Environment in Vietnam

  • Industry permitted to establish representative offices of foreign companies in Vietnam
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Guidance on granting temporary residence cards to foreign investors in Vietnam

Category
  • Understanding Temporary Residence Card
    • 1. What is a temporary residence card?
    • 2. Cases in which temporary residence cards are granted and the duration of temporary residence cards
    • 3. Work permit and temporary residence card application for foreign investors in Vietnam
  • Procedures for applying for a temporary residence card for foreign investors in Vietnam
    • 1. Apply for a temporary residence card for foreign investors in Vietnam with a capital contribution of more than 3 billion VND
    • 2. Apply for a temporary residence card for foreign investors in Vietnam who do not meet the capital requirements (Contributing less than 3 billion VND)

Updated at 24/09/2022 - 12:50 pm

Foreign investors with Vietnam temporary residence card can stay in Vietnam for a long time without visa extension, or can also exit and enter Vietnam many times during the validity of the card. without applying for a visa.

Temporary residence card in Vietnam

Understanding Temporary Residence Card #

1. What is a temporary residence card? #

Temporary residence card is a document issued by an immigration management agency or a competent agency of the Ministry of Foreign Affairs to a foreigner who is allowed to reside in Vietnam for a definite time, and the temporary residence card is valid in place of the market. real (visa).

2. Cases in which temporary residence cards are granted and the duration of temporary residence cards #

Temporary residence cards in Vietnam are issued to the following 14 subjects:

STT

Object

Symbol

Duration

1

Foreigners who are members of diplomatic missions, consular offices, representative offices of international organizations under the United Nations, intergovernmental organizations in Vietnam and their spouses, children under 18 years of age, help along with the term;

NG3

Up to 5 years

2

Foreigners working with departments, agencies and units directly under the Central Committee of the Communist Party of Vietnam; National Assembly, Government, Central Committee of Vietnam Fatherland Front, Supreme People's Court, Supreme People's Procuracy, State Audit, ministries, ministerial-level agencies, Governmental agencies ; Provincial Party Committees, Party Committees, People's Councils, People's Committees of provinces and centrally run cities;

LV1

Up to 5 years

3

Foreigners working with socio-political organizations, social organizations, Vietnam Chamber of Commerce and Industry;

LV2

Up to 5 years

4

Foreign lawyers practicing in Vietnam;

LS

Up to 5 years

5

Foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of VND 100 billion or more or investing in industries and professions eligible for investment incentives, investment incentives freely decided by the Government;

Tel1

Up to 10 years

6

Foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of between VND 50 billion and under VND 100 billion, or investing in industries or trades that encourage development investment by the State. The Government decides;

Tel2

Up to 5 years

7

Foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of between VND 03 billion and under VND 50 billion;

Tel3

Up to 3 years

8

Foreigners who are heads of representative offices and projects of international organizations or foreign non-governmental organizations in Vietnam;

NN1

Up to 3 years

9

Foreigners who head representative offices, branches of foreign traders, representative offices of foreign economic, cultural and other professional organizations in Vietnam;

NN2

Up to 3 years

10

Foreigners entering to practice and study;

DH

Up to 5 years

11

Foreign correspondents and newspapers permanently residing in Vietnam;

PV1

Up to 2 years

12

Foreigners working in Vietnam with certification that they are not eligible for work permits, unless otherwise provided for in an international treaty to which Vietnam is a signatory;

LD1

Up to 2 years

13

Foreigners working in Vietnam are required to have a work permit;

LD2

Up to 2 years

14

Foreigners who are spouses, children under 18 years of age of foreigners are granted visas with symbols LV1, LV2, LS, DT1, DT2, DT3, NN1, NN2, DH, PV1, LD1, LD2, or foreigners who are father, mother, wife, husband and children of Vietnamese citizens.

TT

Up to 3 years

3. Work permit and temporary residence card application for foreign investors in Vietnam #

In case the foreign investor has an investment capital of less than 3 billion VND, there is a confirmation that he is not eligible for a work permit or a work permit.

Before applying for a temporary residence card, you must apply for a work permit or work permit exemption first.

Procedures for applying for a temporary residence card for foreign investors in Vietnam #

1. Apply for a temporary residence card for foreign investors in Vietnam with a capital contribution of more than 3 billion VND #

Documents to apply for a temporary residence card to be prepared in this case include:

  • Notarized copy of Business Registration Certificate, Investment License which clearly and clearly shows the capital contribution of the foreign investor. In addition, in some cases, proof of full capital contribution is also required.
  • The certificate of seal sample registration or the written notice on the publication of information about the enterprise's seal sample on the national portal on enterprise registration.
  • Registration of seal sample and signature for the first time at the Immigration Agency
  • Official letter and application for temporary residence card for foreigners
  • Application form for temporary residence card for foreigners
  • A letter of introduction for a Vietnamese employee to go through procedures to apply for a temporary residence card at the Immigration Agency.
  • Original passport and visa (passport valid for at least 13 months and visa to enter Vietnam for the right purpose);
  • A certificate of temporary residence registration or a foreigner's temporary residence registration book certified by the police of the ward or commune where the foreigner is temporarily residing in Vietnam;
  • 02 photos 2cmx3cm.

2. Apply for a temporary residence card for foreign investors in Vietnam who do not meet the capital requirements (Contributing less than 3 billion VND) #

Documents to apply for a temporary residence card to be prepared in this case include:

  • Notarized copy of Business Registration License, or Investment License, or Operation License of VPDD, branch, etc., depending on the type of business;
  • The certificate of seal sample registration or the written notice on the publication of information about the enterprise's seal sample on the national portal on enterprise registration.
  • Notarized copy of the foreign worker's work permit or work permit exemption certificate with a validity of at least 12 months.
  • Registration of seal sample and signature for the first time at the Immigration Agency
  • Official letter and application for temporary residence card for foreigners
  • Application form for temporary residence card for foreigners
  • A letter of introduction for a Vietnamese employee to go through procedures to apply for a temporary residence card at the Immigration Agency.
  • Original passport (valid for at least 1 year, or 2 years if you want to display a 2-year temporary residence card. Passport with visa for the right purpose of work, with the symbol LD or DN guaranteed by the company itself to ask for);
  • Certificate of temporary residence registration or temporary residence registration book of the foreigner certified by the police of the ward or commune where the foreigner is temporarily residing in Vietnam (if any).
  •  02 photos 2cmx3cm 
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Updated on 24/09/2022
What are the conditions for real estate business in 2022?Circular 60/2022/TT-BTC listing the fields and time limit for holding positions not to establish or run an enterprise

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Category
  • Understanding Temporary Residence Card
    • 1. What is a temporary residence card?
    • 2. Cases in which temporary residence cards are granted and the duration of temporary residence cards
    • 3. Work permit and temporary residence card application for foreign investors in Vietnam
  • Procedures for applying for a temporary residence card for foreign investors in Vietnam
    • 1. Apply for a temporary residence card for foreign investors in Vietnam with a capital contribution of more than 3 billion VND
    • 2. Apply for a temporary residence card for foreign investors in Vietnam who do not meet the capital requirements (Contributing less than 3 billion VND)

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