Regulations on the issuance of vietnam temporary residence cards for foreign investors

The investment temporary residence card (designated as ĐT) is issued to foreign investors who are either the owners or shareholders contributing capital to enterprises in Vietnam, or representatives of foreign organizations investing in Vietnam. This Vietnam temporary residence card allows foreign investors to reside in Vietnam for a specified period and serves as a substitute for a visa. To obtain this type of card, foreign investors must provide documentation related to their investment activities in Vietnam. In case you need advice, please contact Apolo Lawyers via email at contact@apolo.com.vn or hotline: (+84) 903 419 479 for the best advice and support.

1, Regulations on the Duration of Temporary Residence Cards for Investors

The duration of the temporary residence card for investors (designated as ĐT) in Vietnam is generally regulated as follows:

Card Duration: The temporary residence card for investors may be issued for a period ranging from 1 to 5 years. The specific duration depends on the investment amount and other related conditions.

Card Renewal: Investors may renew the temporary residence card prior to its expiration. The renewal process typically requires investors to provide documentation proving the continuation of investment activities in Vietnam.

Residency Period: The temporary residence card for investors allows them to reside in Vietnam for the duration the card remains valid without the need for a new visa.

Regulations on the issuance of vietnam temporary residence cards for foreign investors

2, Regulations on Changing Visa Purposes for Investors

Regulations on changing visa purposes for investors in Vietnam generally include the following points:

+ Conversion from Short-Term Visa to Long-Term Visa: Investors may convert a short-term visa (such as a tourist or family visit visa) to an investment visa (ĐT) when they meet the investment conditions prescribed by Vietnamese law.

+ Conversion Procedure: To change visa purpose, investors must submit an application to the Immigration Department or the competent authority. The application typically includes:

1, An application for visa purpose change.

2, Documents proving investment activities, such as an investment certificate or investment contract.

3, Relevant personal documents such as a passport, photographs, and legal status documentation.

+ Processing Time: The processing time for changing visa purposes typically ranges from 5 to 15 working days, depending on the receiving authority and the nature of the application.

+ Specific Conditions: Investors must demonstrate compliance with investment requirements as prescribed by law, including financial and legal aspects of the investment activity.

Regulations on the issuance of vietnam temporary residence cards for foreign investors

3, Documentation and Procedure for Issuing Temporary Residence Cards to Foreign Investors

To apply for a temporary residence card for foreign investors in Vietnam, the following documentation and procedures must be completed:

Application Documentation:

+ Application form for a temporary residence card: Complete all information according to the prescribed template.

+ Passport: Original and a copy of the passport with a minimum validity of 13 months.

+ Investment Certificate: Or documents proving legal investment in Vietnam.

+ Business License: If the investor is a company, a copy of the business license must be provided.

+ Documents proving relationship: If there is an individual or organization providing sponsorship, relevant documents must be provided.

+ Health Certificate: May be required in certain cases.

+ Photographs: 4x6 cm photos (number as required).

Procedure for Issuing Temporary Residence Cards:

+ Prepare Documentation: Gather all required documents.

+ Submit Application: Go to the Immigration Department or the Immigration Office in the province/city where residency is established.

+ Pay Fees: Submit the fee for the temporary residence card application as prescribed.

+ Wait for Processing: The processing time for applications typically ranges from 5 to 15 working days.

+ Receive Temporary Residence Card: After the application is approved, the investor may collect the temporary residence card from the submitting authority.

 >>> More: Regulations and conditions for issuing vietnam temporary residence cards to foreigners

 >>> More: How to Apply for a Vietnam Temporary Residence Card for Foreigners

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