Vietnam Investor Visa
Are you considering investing in Vietnam and living in one of the most beautiful countries in Southeast Asia? Look no further as Vietnam offers natural beauty, dreamy beaches, French architecture, Buddhist pagodas, and delicious Vietnamese cuisine. In this article, we will be discussing the Vietnam Investor Visa, which allows you to invest and stay in the country for extended periods.
Table of Contents
Overview of Vietnam Investor Visa
The Vietnam Investor Visa, also known as DT Visa, is a temporary residence permit that permits foreign investors and foreign lawyers to reside in Vietnam for up to 12 months. This visa was introduced by the Vietnamese government to encourage foreign investment into the country.
How to Use Vietnam Investor Visa
If you’re looking to use the Vietnam Investor Visa, there are several types of visas available depending on your investment amount. The four types of visas are DT1, DT2, DT3, and DT4, each with varying validity periods ranging from one to ten years.
Types of Vietnam Investor Visa
- DT1 Visa – granted to foreign investors who have invested over VND 100 billion (approximately USD 4.5 million) in Vietnam. This visa is valid for five years.
- DT2 Visa – issued to foreign investors who have invested between VND 50 billion – VND 100 billion (approximately USD 2.25 million – USD 4.5 million). This visa is valid for three years.
- DT3 Visa – granted to foreign investors who have invested between VND 3 billion – VND 50 billion (approximately USD 135,000 – USD 2.25 million) in Vietnam. This visa is valid for two years.
- DT4 Visa – issued to foreign investors who have invested less than VND 3 billion (approximately USD 135,000) in Vietnam. This visa is valid for one year.
Required Documents and How to Apply
To apply for the Vietnam Investor Visa, you will need to provide several documents, including your passport, application form, and investment certificate. The investment certificate acts as proof that you have invested in a Vietnamese business or company.
Once you have gathered all the required documents, you can submit your application at a Vietnamese embassy or consulate abroad. It is important to note that processing times may vary, so it is recommended to apply well in advance of your planned travel dates.
Pros and Cons of Vietnam Investor Visa
Pros:
- Allows foreign investors to reside in Vietnam for extended periods
- Encourages foreign investment into the country
- Provides an opportunity to explore and experience the beauty of Vietnam
Cons:
- High investment amounts required for long-term visas
- Strict eligibility criteria
- Lengthy application process
Advice on Vietnam Investor Visa
Before applying for the Vietnam Investor Visa, it is essential to research and understand the eligibility criteria, investment requirements, and processing times. Additionally, seeking advice from an immigration lawyer may be beneficial to ensure a smooth and successful visa application process.
5 FAQs About Vietnam Investor Visa
- Can I work in Vietnam with the DT Visa? No, the DT Visa only allows you to invest and stay in Vietnam for extended periods. To work in Vietnam, you will need a work permit.
- Can I apply for the DT Visa while in Vietnam? No, you must apply for the DT Visa at a Vietnamese embassy or consulate abroad.
- Can I bring my family with me to Vietnam with the DT Visa? Yes, you may bring your spouse and children under 18 years old with you to Vietnam with the DT Visa.
- What happens if my investment amount falls below the minimum requirement for my visa type? If your investment amount falls below the minimum requirement for your visa type, you will need to apply for a new visa or leave the country.
- Can I extend my DT Visa? Yes, you may extend your DT Visa for up to 12 months at a time.
In conclusion, the Vietnam Investor Visa provides an opportunity for foreign investors and foreign lawyers to invest in Vietnam and stay for extended periods. With its natural beauty, delicious cuisine, and rich culture, Vietnam is undoubtedly an attractive destination for investors looking to explore and experience a new country.
