Vietnam does not offer direct citizenship and residency by investment alternatively the Vietnam government has an Investor Visa. The Vietnamese Government has recently made a few changes to the immigration laws for foreign investors looking to invest in the country. In addition, these new laws make it easier for any foreign investor to invest in Vietnam and get a temporary residence permit in the country.
The Vietnam Investor Visa (or DT visa) allows the visa holder to enter/exit the country, transit through, and stay within the country for 12 months. This visa is granted to foreign investors and foreign lawyers that wish to reside in Vietnam.
There are 4 different types of investors visa that you can apply for depending on the amount of money invested, each allows you to stay within the country for 1-10 years.
Investment Visa Option
The first step toward getting your Vietnam investor visa is gathering all the necessary documents. Certain documents must be acquired before the start of your visa application process. Below are the required documents/visa requirements to apply for your investment visa. You can apply for the visa in three ways:
If you are already in Vietnam wishing to invest, you can apply for the Vietnam Investor Visa in your province. To apply for the DT visa, you need the following documents:
Visa On Arrival
The requirements and qualifications required to obtain Vietnam residency or citizenship are listed above in the “About Vietnam Citizenship and Residency” section.
The procedure to get a DT visa for Vietnam depends on where you apply for it, in Vietnam or a foreign country.
GETTING DT VISA IN VIETNAM
If you are already in Vietnam and wish to obtain a DT visa, you should follow this procedure:
Step 1: Prepare required documents
Step 2: Submit the documents to the immigration Department office of Vietnam – you or your agent will need to submit the prepared documents to the office of the Vietnam Immigration Department in Hanoi, Ho Chi Minh City or Da Nang, or the Immigration Management sections of the police offices of the provinces/city where your company is based.
Step 3: Receive the Vietnam Investor DT visa – after around 5 working days from submission of full documents, you will receive your Investor visa for Vietnam stamped on your passport.
GETTING DT VISA FOR VIETNAM FROM A FOREIGN COUNTRY
If you are in your home country and wish to get a DT visa for Vietnam, then you need to follow the steps:
Step 1: Prepare documents for the Vietnam DT visa approval letter
Step 2: Submit documents for the Vietnam DT visa approval letter – in this step, your agent in Vietnam will submit the required documents prepared in step 1 to the office of the Vietnam Immigration Department in Hanoi, Ho Chi Minh City, or Da Nang. After 5 working days, the agent will get a visa approval letter which serves as the basis for the foreign investor to get a DT visa stamp. The agent will then send the scan of the visa approval letter to the investor’s email.
Step 3: Get a Vietnam DT Visa stamp – the foreign investor will firstly need to prepare the following documents for getting a visa stamp for Vietnam entry:
And then, depending on the location to pick up the DT visa stamp declared on Form NA2, the investor shall present him/herself at the Vietnam Embassy/Consulate General or Vietnam arrival airport for a visa stamp.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Vietnam, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Vietnam does not permit dual citizenship. However, certain foreigners and overseas Vietnamese can apply for dual citizenship. Those who have Vietnamese parents or children or are married to a Vietnamese spouse.
Must reside in Vietnam for 5 years up to the time of application for Vietnam citizenship naturalization.
No interview required
It takes 5 years to apply for citizenship in Vietnam.
Tax residents are subject to Vietnamese PIT on their worldwide taxable income, wherever it is paid or received. Employment income is taxed on a progressive tax rates basis. Non-employment income is taxed at a variety of different rates.
Non-residents are subject to PIT at a flat tax rate on the income received as a result of working in Vietnam/ on Vietnam-related income in the tax year, and at various other rates on their non-employment income. However, this will need to be considered in light of the provisions of any double taxation agreement (DTA) that might apply.
There are no net worth/wealth taxes in Vietnam.
Yes, an inherited property exceeding VND 10,000,000 is taxed at a flat rate of 10%. However, exemptions from inheritance taxes are made in case of income from the inheritance of real property to certain people including:
No, you cannot get permanent residency like in some other countries just by investing in real estate.