Procedures for applying for a temporary investment residence card in Ho Chi Minh City: Detailed instructions

The procedure for applying for a temporary investment residence card in Ho Chi Minh City is an important process for foreign investors who want to live and work long-term in Vietnam. Temporary residence cards help investors enjoy benefits such as visa exemption, no need for periodic renewal, and create favorable conditions for business activities. In this article, we will provide detailed instructions on the procedures for granting a temporary investment residence card in Ho Chi Minh City, from documents to prepare to important notes.

The time limit for temporary investment residence card for foreigners

Temporary investment residence card in Ho Chi Minh City have different durations depending on the scale and type of investment. Temporary residence cards DT1, DT2, and DT3 are issued to foreign investors depending on the level of capital invested in businesses in Vietnam.

Each type of card has a different validity period, specifically:

• DT1 card – issued to investors with capital of 100 billion VND or more or investing in industries, occupations with investment incentives, investment incentive areas decided by the Government, with a maximum term of 10 years.
• DT2 card – issued to investors with capital contribution worth from 50 billion VND to less than 100 billion VND or investing in industries and professions encouraged for investment and development decided by the Government with a maximum term of not more than 5 years.
• DT3 card – issued to investors with capital contribution value from 03 billion VND to less than 50 billion VND, with a maximum term of not more than 3 years.

CSPL: Article 8 and Article 38 Law on Entry, Exit, Transit and Residence of Foreigners in Vietnam 2014, amended and supplemented 2023.

Detailed procedures for applying for a temporary investment residence card in Ho Chi Minh City

Documents need to be prepared

According to the provisions of Clause 1, Article 37 of the Law on Entry, Exit, Transit and Residence of Foreigners in Vietnam 2014, amended and supplemented 2023, to apply for a temporary investment residence card in Ho Chi Minh City, investors need to prepare a number of important documents. These documents include:

• Written request: Agencies, organizations, and individuals carrying out invitation and sponsorship procedures need to provide an official written request for a temporary residence card.
• Application form for temporary residence card: Includes a declaration with a photo of the person applying for the card.
• Passport: Copy or original passport of the person requesting a temporary residence card.
• Documents proving eligibility for a temporary residence card.

Implementation process

The process of granting temporary residence cards to foreign investors in Ho Chi Minh City is as follows:

• Investors need to prepare all required documents and submit them to the immigration management agency in Ho Chi Minh City.
• After the application is received, the authorities will review and process within about 5 working days.
• Finally, the investor will receive a temporary residence card at the licensing agency.

Things to note when applying for an temporary investment residence card

In the process of applying for a temporary investment residence card in Ho Chi Minh City, investors need to note a number of important factors:

• Temporary residence card duration: Temporary residence cards have different durations depending on the type of card and the applicant. Be careful to prepare documents in accordance with the desired time.
• Proof documents: Ensure documents proving eligibility according to the provisions of law, especially documents proving investment capital or preferential occupations.
• Investment capital conditions: Temporary residence cards DT1, DT2, DT3 require a specific level of investment capital. It is necessary to have documents confirming the value of investment capital of organizations and individuals.
• Declaration form: Need to fill out the application form for a temporary residence card with a photo. Invalid declarations may slow down the processing progress.
• Passport validity: The temporary residence card must be valid for at least 30 days compared to the remaining validity of the passport. If your passport is about to expire, you need to renew it before applying for a card.
• Guarantee agency: Ensure that the inviting sponsoring agency, organization or individual provides a fully valid written request according to regulations.
• Make sure the application is complete: The application for a temporary residence card requires complete documents, including passport, declaration, and proof of eligibility to issue a temporary residence card. Missing or erroneous documents may be rejected.

Guidance service to support procedures for applying for a temporary investment residence card in Ho Chi Minh City

To support foreign investors in applying for temporary residence cards in Ho Chi Minh City, Long Phan provides customer support consulting services as follows:

• Consulting on regulations and conditions to apply for a temporary investment residence card;
• Assist customers in preparing necessary documents;
• Representing customers to submit documents to competent agencies;
• Support for extending temporary residence cards when the current card is about to expire or the card applicant wants to extend the stay period;
• Support converting temporary residence cards from one type to another if there are changes in investment conditions or sponsorship status.

Customers can see that the procedure for applying for a temporary investment residence card in Ho Chi Minh City requires careful preparation and full compliance with regulations. With help from a professional service, this process will become simpler and faster. Please contact Long Phan via the hotline 0906735386 for advice and support in applying for a temporary investment residence card.