Visa application procedures for foreign investors in Vietnam - Delco Construction

Visa application procedures for foreign investors in Vietnam

Understanding carefully the investment visa application procedures, with long-term stay in accordance with Vietnamese law is the first step for foreign investors to have a successful investment plan in the Vietnamese market.

Benefits of owning a Vietnam investment visa

Foreign investors who are granted a Vietnam investment visa will enjoy many benefits related to residency, protected by Vietnamese law and many other benefits, specifically as follows:

  • Long-term stay in Vietnam according to the validity period of the investment visa (from 12 months to 5 years)
  • Continue to be extended under the investment visa after the visa expires;
  • To be granted a temporary investment residence card with a term of up to 10 years (applicable to DT1, DT2 and DT3 investment visas).
  • Guaranteed for wife/children to apply for a visa to visit relatives in Vietnam (applicable to DT1, DT2 and DT3 investment visas).

Subjects granted Vietnam investment visa

Foreign investors – who set up or contribute capital to companies operating in Vietnam – are subject to investment visas. According to Vietnamese law, a foreigner is an Investor when:

  • Open your own company in Vietnam
  • Contribute capital to a company in Vietnam
  • Buy shares in a Vietnamese company

The maximum duration for each investment visa is 01 year (12 months); In case investors want to stay for a long time, they can apply for a temporary residence card with a term not exceeding 5 years.

Visa dau tu Viet Nam

Subjects granted Vietnam investment visa

Visa DT1

Visa DT1 has a maximum term of 1 year (12 months) or up to 10 years for temporary residence cards, issued to foreign investors and representatives of foreign organizations investing in Vietnam with valuable capital contribution from 100 billion or more; OR invest in industries or professions with investment incentives or geographical areas where investment incentives are decided by the Government of Vietnam.

Visa DT2

Visa DT2 is valid for a maximum of 1 year (12 months) for visa or not more than 5 years for temporary residence card, issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with capital contribution from  50 billion to less than 100 billion dong.

Visa DT3

Visa DT3 is valid for a maximum of 1 year (12 months) for visa or no more than 3 years for temporary residence card, issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with contributed capital from  03 billion VND to less than 50 billion VND.

Visa DT4

Visa DT4 has a maximum term of 1 year (12 months), granted to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of less than VND 03 billion.

Documents to apply for Vietnam investment visa for foreign investors

A dossier of application for a Vietnam investment visa for foreign investors includes the following documents:

+ Documents proving that you are a foreign investor:

  • Investment Certificate or Certificate of eligibility for capital contribution.
  • Business registration, operating license of the company.
  • Proof of capital contribution: Financial statement or confirmation of the bank.

+ Legal profile of the guarantee company.

+ Application form to introduce the company’s signature and seal: Form NA16 (applicable in case the business first submits the application).

– Proof of being an Investor.

– Visa application forms:

In the case of foreigners who have not yet entered Vietnam: Form NA2

In case a foreigner entered (ie temporarily residing in Vietnam): Form NA5

– Other documents: Referral letter

+ Original passport with validity as prescribed

Submit the documents:

Foreign investors need to submit the prepared documents to the Office of Vietnam Immigration Department or the Immigration Management sections of the police offices of the provinces/city where the company is based in.

Time to receive results:

After around 5-7 working days from submission of full documents, foreign investors will receive Investor visa for Vietnam stamped on passport.

Investment visa application fee:

  • Visa valid for 1 time, the visa fee is 25 USD / unit
  • Visa valid for 3 months (valid for many times) has a fee of USD 50 / unit
  • Visa valid for 3 – 6 months (valid for many times) has a fee of 95 USD / unit
  • Visa valid for a period of 6 months to 1 year (valid for many times) has a fee of 135 USD / unit

This is also the official fee that the government imposes for all investors from the countries who want to apply for a Vietnam visa. This fee does not include costs in the process of preparing the application. In general, applying for a Vietnam investment visa will be quite troublesome and expensive, if the business is not familiar with the procedures.

Read more: Covid-19 in Vietnam: Entry Regulation Update

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