Steps on how to apply for a Vietnam Investor Visa

Are you thinking of investing in Vietnam? If yes, then you should understand that before you invest, you need to get a visa. This article will show you how to apply for a Vietnam investor visa.

The Vietnamese government has recently opened its doors to foreign investors. In 2017 alone, over $1.5 billion was invested in the country. As a result, many countries worldwide are now looking at Vietnam as a potential investment destination.

Vietnam is a beautiful country with lots of opportunities. There are many ways to invest in Vietnam. One of them is through real estate. Another way is through tourism. And lastly, another way is through manufacturing.

In addition, Vietnam offers a unique combination of a low cost of living, high-quality infrastructure, and attractive investment opportunities. Thus, if you are looking at cost while investing, Vietnam is the best option! Let’s check out some interesting facts about Vietnam, including steps to applying for an investor visa.

Where is Vietnam?

Vietnam is a Southeast Asian country located in the easternmost section of the Indochina peninsula. The country’s official name is the Socialist Republic of Vietnam. Vietnam’s capital is Hanoi, while Ho Chi Minh City is the most populous city.

Cambodia, Laos, and China border Vietnam. The South China Sea is to Vietnam’s east, and the Philippines, Malaysia, and Brunei are to the south. East Timor is also near Vietnam. Approximately Vietnam’s estimated population in 2019 was 96.4 million.

What is Vietnam Investor Visa?

Vietnam is a document that allows foreign nationals to invest in Vietnamese businesses and property. It also allows them to live and work in Vietnam for up to three years.

An investment visa is one of Vietnam’s most popular ways to get permanent residency. The visa allows foreign investors to reside and work in Vietnam indefinitely.

There are numerous advantages to acquiring a Vietnam investor visa, including the freedom to live and work in Vietnam without a work permit. The visa also permits investors to bring their families to Vietnam to live.

The Vietnam Investor Visa (DT Visa) is divided into the following categories.

Visa TypeDescription

DT1: For international investors that intend to invest in Vietnam with at least VND100 billion in money or invest in a business with incentives.

DT2: For international investors who intend to invest in Vietnam with a capital commitment of VND50 billion to VND100 billion or in firms that are encouraged to invest.

DT3: Foreign investors are looking to invest in Vietnam with a capital investment ranging from VND3 billion to VND50 billion.

DT4: For foreigners looking to invest in Vietnam with less than VND 3 billion in the capital.

The duration of an investor visa is determined by the type of visa requested. For example, DT1 and DR2 are typically given for five years, DT3 for up to three years, and DT4 for 12 months (one year).

Holders of a Vietnam Investor visa can:

• Apply for a temporary visa to Vietnam, valid for up to ten years.
• Sponsor their spouse/children to obtain a Vietnam TT visa if their visa is denoted as DT1, DT2, or DT3, and
• Extend the visa using the instructions below.

What are the requirements for a Vietnam Investor Visa?

Foreign investors must meet specific requirements to qualify for a Vietnam Investor Visa. These requirements include

• Investing in a Vietnamese company or enterprise and being able to contribute to Vietnam’s economic development. Others include;
• Foreign investors must also have a valid passport for six months.
• The Visa Application Form for Vietnam. Depending on the country you are applying from, you can download it or obtain it at the Embassy/Consulate.
• You must provide proof that you have paid the Vietnam Visa cost.
• Any other documentation that the Vietnam embassy/consulate may require. Depending on the cause of your trip, this could include an invitation or sponsorship letter from someone in Vietnam.

Step-by-Steps: How to get a Vietnam Investor Visa?

If you’re looking to invest in Vietnam, you’ll need to obtain an Investor Visa. Here’s a guide on how to get an Investor Visa in Vietnam or a foreign country:

1. Obtaining a DT visa in Vietnam

If you are already in Vietnam and want to apply for a DT visa, follow these steps:

#Step 1: Gather all necessary documents:

The following documents must be included in an investor visa application for Vietnam:

• Certified copy of the invested business’s Business Registration Certificate and Investment Registration Certificate in Vietnam (sponsor company);
• Certificate of seal specimen registration or notification of publishing of information on the sponsor company’s seal specimen on the national enterprise registration site;
• Form NA16 – Registration form for the legal representative of the sponsor company’s seal and signature;
• Form NA5 – Visa application, visa extension, and stay extension for foreigners in Vietnam;
• a genuine, valid passport;
• Form for registering temporary residency as prescribed.

#Step 2: Submit the paperwork to the Vietnam Immigration Department.

You or your agent must submit the completed documentation 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 departments in the provinces/cities company is located.

#Step 3: Get your Vietnam Investor DT visa.

You will have your Investor visa for Vietnam stamped on your passport around 05 working days after submitting all required paperwork.

1. Obtaining a DT visa from a foreign country for Vietnam

If you are already in your home country and wish to obtain a DT visa for Vietnam, please follow the processes outlined below:

#Step 1: Gather documentation for the Vietnam DT visa clearance letter.

In this instance, you and your investment business should produce the following documents:

• Certified copy of the sponsor company’s Business Registration Certificate and Investment Registration;
• Certificate of seal specimen registration or notification of publishing of information on the sponsor company’s seal specimen on the national enterprise registration site;
• Form NA16 – Registration form for the legal representative of the sponsor company’s seal and signature;
• Form NA2 with Barcode – Request for pre-clearance for foreigners entering Vietnam (complete here and print out).
• Passport photo of the investor.

#Step 2: Submit required documentation for a Vietnam DT visa approval letter.

Your agent in Vietnam will submit the appropriate paperwork prepared in step 1 to the Vietnam Immigration Department office in Hanoi, Ho Chi Minh City, or Da Nang at this stage.

After five working days, the agency will receive a visa acceptance letter, which will serve as the foundation for the foreign investor to obtain a DT visa stamp.

The agent will then provide the investor with a scanned visa approval letter.

#Step 3: Obtain the Vietnam DT Visa stamp

The foreign investor must first prepare the following documents to obtain a visa stamp for admission into Vietnam:

• Original, valid passport, as required by law;
• Obtain a copy of the Vietnam visa approval letter.
• 2 white-background 4*6cm photographs
• Form for obtaining a Vietnamese visa.
• The investor must next present themselves at the Vietnam Embassy/Consulate General or Vietnam arrival airport for a visa stamp, based on the location specified on Form NA2.
• They can then enter Vietnam with this visa.

Disclaimer: This concludes our discussion of how to obtain a DT visa in Vietnam for foreign investors. While we attempt to ensure that the information supplied is factual and up to date, there may be changes that we are unaware of.

How Long Does it Take to Process a Visa?

The investor visa in Vietnam is intended to promote international investment. The visa allows investors to stay and work in Vietnam for up to five years if they apply for the DT1 visa.

A Vietnam investor visa application can be completed online or at a Vietnamese embassy or consulate. The process usually takes two weeks, although it may take longer if the applicant requires a police clearance certificate or other supporting documentation.

After the application has been granted, the applicant must pay a visa processing fee and submit their passport for stamping. The applicant can pick up their visa from the nearest Vietnamese embassy or consulate after their passport has been stamped.

What is the Duration of a Vietnam Investor Visa?

The type of visa requested determines the duration of an investor visa. For example, DT1 and DR2 are generally valid for five years, DT3 for up to three years, and DT4 for 12 months (one year).

Furthermore, several other elements can influence the length of a Vietnam investment visa. These include the nature of the investment, its location, and the applicant’s nationality.

Frequently Asked Questions

How much is an investor visa in Vietnam?

Form I-129 charges $460 (Form I-539 – $370 per dependent), 15 days of premium processing at $1,440 for investors in the United States.

How long does it take to get an investor visa?

Generally speaking, it depends on some factors, including the country where you apply for the visa and the investor’s particular circumstances. However, obtaining an investor visa might take a few weeks to six months.

How long does it take to process a Vietnamese visa?

Vietnam visa processing times vary depending on the type of visa and the country you are applying from. For example, a business visa from the United States can take up to 2 weeks to process.

How do I get a Vietnam visa for 2023?

You may essentially apply for one online, through a travel agency, or at a Vietnamese embassy or consulate. The process usually is straightforward, and as long as you have all the relevant paperwork, you should have your visa in a matter of days.

Conclusion

In conclusion, the Vietnam investor visa application process is not as complicated as it may seem. By following the steps outlined in this article, you will be well on obtaining a visa to invest in Vietnam. We hope this article is helpful. Thanks for reading!!!