TRC for investors

PROCEDURES FOR APPLYING FOR TEMPORARY RESIDENCE CARDS FOR FOREIGN INVESTORS.

 

Temporary residence cards for investors in Vietnam are valid for 1-5 years depending on the capital contributed on the business license. From 07/2020, the contributed capital is from 3 billion VND, investors are granted temporary residence cards for 2-3 years. Under this capital, the term of the card is only from 6 months – 1 year.

Since joining the WTO, Vietnam has opened a new era in development as well as affirmed its position in the international market. Currently, our country is attracting a lot of foreign investment capital. According to the current Vietnamese law, the order and procedures for issuance of temporary residence cards to foreign investors are also quite simple. However, when directly implemented, foreign investors are prone to difficulties. Because you do not have professional skills, many problems arise that affect your effort and time. Therefore, the service of issuing temporary residence cards for foreign investors has appeared. This article will help you learn the detailed information.

 

What is the temporary residence card for foreign investors?

Temporary residence card for foreign investors is a temporary residence card belonging to investment in Vietnam with Visa denoted as Phone. This is a very important document that saves costs when. On the other hand, investors do not have to apply for multiple visas and make entry andexit into Vietnam  more convenient.

Conditions for issuance of temporary residence cards for foreign investors

Investors must satisfy the following conditions:

✔ Investment capital over 1 billion

✔ Tax reporting

✔ Passport valid for a minimum of 13 months.

✔ In the investment certificate or business registration certificate, it clearly states the capital contribution, or investment of that foreigner in the company.

✔ Visa being used in Vietnam must be denoted as DT (purpose: Investment).

✔ Have a certified and authentic work permit exemption issued by the Department of Labor, War Invalids and Social Affairs.

However, if the visa is using a different phone symbol, please contact the consulting support from Vietnam Chris Travel – apply for a temporary residence card for foreign investors.

Documents required when applying for a temporary residence card for foreign investors

Below are all applications for temporary residence cards for foreign investors from 1-5 years. Note, all must be printed on 1-sided paper, stamped on forms that are printed 2 pages or more.

✚ Passport (original)

✚ 3×4cm portrait with white background.

✚ Copy of business registration license.

✚ Tax Report for the last 3 months.

✚ Investment certificate (Copy).

✚ Form NA6 – Application for temporary residence card for foreign investors

✚ Form NA8 – Referral letter (complete information)

✚ Form NA16 – Register the seal and signature sample at the immigration office.

✚ A referral letter for Vietnamese employees to apply for a temporary residence card at the Immigration Office. (or power of attorney)

✚ Certificate of temporary residence registration or temporary residence register of foreigners.

apply for a temporary residence card for foreign investors

Competent agencies issuing temporary residence cards

The following are the competent agencies to issue cards in accordance with the provisions of Vietnamese law: Immigration Department – Provincial Police Centrally-run City.

The benefits of a Temporary Residence Card for Foreign Investors

✔ It is possible to temporarily reside for a period of time (from 01-05 years) without leaving before the expiry of the card.

✔ Little help for business activities (establishment of joint venture enterprises or 100% foreign-owned enterprises)

✔ Marriage registration in Vietnam

✔ Open a bank account, buy an apartment or house.

✔ Sponsoring relatives to come to Vietnam.

Duration of the investor’s temporary residence card

Vietnamese law stipulates that the duration of a temporary residence card with a phone symbol is not more than 5 years. But in fact, immigration authorities will consider depending on specific cases to issue temporary residence cards with an appropriate duration.

The duration of this temporary residence card depends on the following factors: capital contribution rate, enterprise size, nationality of the foreign investor…

Normally, the application for a 2-year residence card, a3-year temporary residence card  is very simple. For the issuance of a temporary residence card with a validity of 5 years, many other conditions on documents and procedures are required.

Steps to apply for a card

Here are the steps to apply for a temporary residence card for foreign investors:

Step 1: Prepare a complete application

Step 2: Submit documents to the competent authorities

• Provincial and city immigration departments
• Vietnam Immigration Department

Step 3: Get the result.

Contact:

Phone: 0983026382(zalo/whatsapp)

Email: vietnamchristravel@gmail.com