As a foreigner, you must do enough research before you buy a house or flat in Vietnam. There are rules and regulations that foreigners must follow before they can purchase any property in the country.
In the last few years, Vietnam has slowly opened up its economy to foreign investors. Because of this, more and more companies and individual investors have come to the country to take advantage of the various opportunities. One of the most promising industries in Vietnam these days is the real estate market.
When the government decided to make it easier for foreigners to come to Vietnam to invest, investments in the real estate sector came pouring in. If you are a foreign investor interested in buying a house in Vietnam, it’s important that you first understand the process involved. It’s also a good idea to visit the country and do your research before you finally decide to spend your money on a house. When visiting Vietnam, one of the most important requirements that you need to have is a visa. To help you with this, here’s everything you need to know about getting a visa for buying a house in Vietnam.
Take note that foreigners who plan on buying a house in Vietnam must have a visa that will be valid for at least 3 months. Exceptions are given to those working at foreign embassies in the country.
For foreign investors who will be staying in Vietnam for only a short period of time while they hunt for potential properties to buy, they can apply for short-term visas. There are different types of short-term visas that foreign investors can use to enter the country. The most popular of these visas are the E-visa and the Visa on Arrival.
👉 Vietnam E-visa – this visa is good for single entry with a maximum stay of 30 days. You can get this visa online by simply completing an online application form. A scanned copy of your passport will also be required as well as your photos. When this visa is approved, you will receive it in your email and you can just bring it with you to enter the country.
👉 Visa on Arrival – if you believe that 30 days is not enough to look for a potential home property to buy in Vietnam, you can choose the Visa on Arrival. This visa will let you choose between single entry and multiple entries. What’s more, you can choose to apply for a 60-day validity, allowing you to stay in the country for a much longer time.
Take note that although the Visa on Arrival will only be issued on your arrival at the Vietnam airport, you are required to pre-register for this visa online. After you register, they will send you a letter. You must print the letter and bring it on your trip because you will be required to show it before they give you your visa. Also, the Visa on Arrival can only be claimed at the international airports of Vietnam. It’s not available at the land border entry points.
As mentioned above, foreigners who plan on buying a house in Vietnam should be holding a visa that’s valid for at least 3 months. In this case, you need to apply for a long-term Vietnam visa. With a long-term visa, you can stay in the country for 6 months or up to a year. The visa will also grant you multiple entries, which means you can re-enter Vietnam several times within a certain period.
To apply for a long-term visa, you can go through an agency or apply it directly from a Vietnam embassy. Below are the requirements that you need to prepare for your long-term visa application:
Sometimes, the embassy of Vietnam will require you to submit more requirements aside from those that were mentioned above. You need to provide these requirements for your visa to be approved.
After you have bought a house in Vietnam, the next thing you need to do is to apply for a Temporary Residence Card. This card will allow you to live in your house in Vietnam for a long time. It is a long-term residence visa that the Vietnam Immigration Department will issue to eligible foreigners.
With the Temporary Residence Card, you can stay in Vietnam for a period of 1 to 3 years and up to a maximum of 5 years. Persons who are holding a temporary residence card are exempted from Vietnam visas when entering or leaving the country for as long as the card remains valid.
As a foreigner, you must do enough research before you buy a house or flat in Vietnam. There are rules and regulations that foreigners must follow before they can purchase any property in the country.