Immigration to Vietnam as an entrepreneur comes with many advantages. The first one is the possibility to choose among 4 types of Vietnamese investor visas. The differences between them rely on the minimum capital to inject and the validity of the residence permit issued.
Below, our lawyers in Vietnam explain how the investor visa in Vietnam works and can help you with the application.
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The visa for business in Vietnam
The investor residence permit is a visa available for:
- foreign investors;
- representatives of foreign companies setting up businesses or contributing with capital to a local enterprise.
Also known as the DT visa, this type of residence permit for Vietnam enables foreign candidates to move here alone or with their families whom they can sponsor.
Our law firm in Vietnam can offer more information about the conditions of the program and about opening a business in Vietnam.
Types of investor visas in Vietnam
As mentioned earlier there are no less than 4 categories of Vietnamese investor visas, namely:
- the DT1 visa which can be obtained in exchange for a minimum investment of VND 100 billion;
- the DT2 visa which is available for a minimum contribution of less than VND 100 billion;
- the DT3 visa which can be issued if the investor injects less than VND 50 billion;
- the DT4 visa which requires the lowest investment amount – below VND 3 billion.
We remind you that the amount invested is proportional to the validity period of the visa for business you will obtain in Vietnam. Specifically:
- the DT1 and DT2 visas have a validity period of 5 years;
- the DT3 visa has a validity of 3 years;
- the DT4 visa validity is one year.
Each of them comes with additional requirements, for example, conditions to invest in certain industries that favor economic development. Our Vietnamese lawyers can offer detailed information on all these requisites as they are important and can easy your decision-making process.
Requirements to obtain an investor visa in Vietnam
Similar to other countries, obtaining a Vietnamese investor visa requires meeting certain requirements. These are:
- holding a valid passport;
- having a sponsor, company, or an agreement with a local firm to invest in;
- securing the necessary documents to justify the application.
Here is the list of documents for filing for an investor visa in Vietnam:
- the application form (there are two types of forms, depending on the location of the applicant);
- the passport which must have at least 2 blank pages;
- 2 recent photographs;
- certified copies of the papers proving the minimum capital contribution in accordance with the type of Vietnamese business visa sought.
With respect to the visa application forms, you should know the following:
- you can apply for a visa from abroad, a case in which you must fill out Form NA2;
- you can also apply for this visa if you reside in Vietnam by submitting Form NA5 (in this case you must also add your temporary residence card to the application).
Feel free to rely on our local law firm for support in drafting the necessary paperwork and filing it with the Vietnamese Immigration Department.
First-time guarantors in Vietnam
If you have a company in Vietnam and apply for an investor visa for the first time, you must also prepare the following documents:
- a seal sample, certificate, or extract from the Trade Register indicating the registration of the company;
- a copy of the investment or business license;
- the signature of the authorized representative of the company.
Our team is made up of various specialists, including accountants in Vietnam, so you can benefit from full support for your business.
Do not hesitate to contact us for further information on the visa for business in Vietnam.