Vietnam DT3 Visa

VIETNAM DT3 VISA

Vietnam known as a fascinating country with a rich history, beautiful landscapes, delicious cuisine, and a bright future. Furthermore, Vietnam is a rapidly developing country with a growing economy and a vibrant culture. The country has made significant progress in improving living standards for its people.

The investment can be made in an existing Vietnamese company or in a brand-new company set up by the main applicant. Under this stream, the applicant will not need a work permit as he/she will enjoy work permit exemption. Spouse and children under 18 are included in the application. The residence card issued to the investor and his family will be issued for up to 3 years renewable as long as the business activity remains stable and operational.

ADVANTAGES OF VIETNAM DT3 VISA

Work permit exemption valid up to 2 years subject to satisfaction of eligibility conditions;
Renewable Temporary Residence Card valid up to 3 years;
Dependents included:
- Spouse;
- Children under 18;

Right to live, work, study in Vietnam;
No education and language requirement, no age limits;
No specific requirements on source of funds and path of funds.

REQUIREMENTS FOR VIETNAM DT3

Conduct the activities as opened for foreign investors;
Certain conditional business activities are subject to specific operation license;
Register the investment project in Vietnam;

Incorporate a legal entity in Vietnam or take over an existing legal entity in Vietnam;
Be the owner/shareholder of such legal entity.

INVESTMENT REQUIREMENTS FOR
VIETNAM DT3 VISA

Make a direct investment of VND 3 billion;
Certain conditional business lines are subject to specific minimum investment requirements.

WHY WE SHOULD CHOOSE VIETNAM DT3 VISA?

Exemption from work permits for up to 2 years;
Renewable Temporary Residence Card with a validity of 1 to 3 years;
Right to live, work, and study in Vietnam;
No requirements for education, language proficiency, or age limits;
No strict conditions on the source or flow of investment funds;
Affordable cost of living and a welcoming living environment.

PROCESS (4 – 6 months)

1. Establish or invest in a Vietnamese company and obtain necessary corporate documents;

2. Apply for entry approval and visa;

3. Apply for TRC.

FAQ

What is the Vietnam investment DT3 visa program?

The DT3 program is to foreign investor who plans to implement an investment project in Vietnam and make a capital contribution of at least VND 3 bil.

Is it required for setting up of a company in Vietnam?

The foreign investor can either set up a new legal entity or acquire the existing company in Vietnam.

Is it possible to apply for a temporary residence card?

Yes, it is possible to apply for a temporary residence card with the work permit.

Are there any restrictions on the nationalities applying for this program?

Foreign investors having nationality of the country being member of the World Trade Organization (WTO) are eligible to apply for this program.