What does the application for a temporary residence card for investors include?

Application for a temporary residence card for investors in Vietnam is an important process that helps investors and representatives of foreign organizations to reside long-term in Vietnam. Preparing complete and valid documents according to regulations will help customers complete the temporary residence card application process quickly and smoothly. This article will provide detailed information about temporary residence card application, types of temporary residence cards, temporary residence card issuance procedures, temporary residence card validity and services to support you during the implementation process.

Types of Temporary Residence Cards for Foreign Investors

Currently, temporary residence cards issued to foreign investors and representatives of foreign organizations investing in Vietnam are divided into specific types such as temporary residence cards DT1, DT2, DDT3 and DT4. Each type of card has different conditions and deadlines:

• DT1: Issued to foreign investors and representatives of foreign organizations investing in Vietnam with capital contribution of 100 billion VND or more or investing in industries, occupations and areas with investment incentives according to the Government’s decision.
• DT2: Issued to foreign investors and representatives of foreign organizations investing in Vietnam with capital contribution from 50 billion VND to less than 100 billion VND, or investing in industries and professions encouraged for development according to the decision of the Government.
• DT3: Issued to foreign investors and representatives of foreign organizations investing in Vietnam with capital contribution from 3 billion VND to less than 50 billion VND.
• DT4: Issued to foreign investors and representatives of foreign organizations investing in Vietnam with a capital contribution of less than 3 billion VND.

These cards not only reflect the scale of investment but also help Vietnam attract foreign investors, while affirming Vietnam’s commitment to supporting and encouraging foreign investment.

CSPL: Clause 7, Article 8 Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014, revised and supplemented 2019.

Regulations on applications for temporary residence card for investors

Applications for a temporary residence card for investors must ensure complete and accurate documents according to Vietnamese law. The dossier includes the following documents:

• Written request from the agency, organization or individual to carry out invitation and guarantee procedures.
• Application form for temporary residence card, with photo of the person applying for the card.
• Expired passport of foreigners.
• Documents proving eligibility for temporary residence as prescribed in Article 36 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam.

Ensuring complete and accurate documents helps customers avoid having documents returned or additional requests.

CSPL: Clause 1, Article 37 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014, amended and supplemented 2019.

Procedures for issuing a temporary residence card for investors

Procedures for applying for a temporary residence card for foreign investors in Vietnam include three basic steps:

• Step 1: Prepare documents: You need to prepare all required documents such as passport, investment certificate, portrait photo, and other related documents.
• Step 2: Submit application: Documents need to be submitted to the local immigration management agency or the Immigration Department of the Ministry of Public Security. The receiving officer will check the legality and validity of the dossier.
• Step 3: Get results: After the application is received and approved, the authorities will issue a temporary residence card within 5 to 7 working days. You will receive results at the place where you submitted your application.

Note that application processing time may vary depending on the actual situation and completeness of the submitted application.

CSPL: Clause 2, Article 37 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014, amended and supplemented 2019.

Term of temporary residence card for foreign investors

Temporary residence cards issued to foreign investors have different validity periods depending on the type of card issued:

• Temporary residence card DT1: Maximum validity is 10 years.
• Temporary residence card DT2: Maximum validity is 5 years.
• Temporary residence card DT3: Maximum validity is 3 years.

These types of temporary residence cards will help investors and representatives of foreign organizations not have to apply for multiple entry visas, while also creating convenience in residing and investing in Vietnam.

CSPL: Article 38 Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014, amended and supplemented 2019.

Consulting services on procedures for applying for a temporary residence card for investors

Long Phan provides comprehensive consulting and support services in applying for temporary residence cards for foreign investors in Vietnam. Our services include:

• Consulting on types of temporary residence cards for foreign investors and grantees.
• Instructions on fully preparing the necessary papers and documents to apply for a temporary residence card for investors.
• Detailed instructions on the steps in the process of applying for a temporary residence card, from preparing documents to receiving results.
• Provide information on the validity period of temporary residence cards, depending on the level of investment.
• Provide information on necessary conditions to be granted a temporary residence card for investors and representatives of foreign organizations.
• Representing customers to submit applications at authorities such as the Immigration Department or the Immigration Department.

Frequently Asked Questions

What are the costs involved in applying for a temporary residence card for investors?

The application process may involve various fees, such as service fees for consultancy and the official government fees for processing the residence card application. It’s best to consult the local immigration office or a legal expert for up-to-date costs.

Can a temporary residence card for investors be extended?

Yes, the temporary residence card can be extended before its expiration, but it depends on the specific type of card issued and the continued investment in Vietnam. Contact the local immigration authorities for more information on the extension process.

How long does the process of obtaining a temporary residence card for investors take?

The processing time typically takes between 5 to 7 working days once the application is complete. However, it may vary based on the application’s completeness and the specific immigration office.

What are the different types of temporary residence cards available to investors?

There are four main types of temporary residence cards for investors: DT1, DT2, DT3, and DT4, based on the amount of capital invested and the sectors targeted for investment.

Do I need to renew my temporary residence card periodically?

Yes, temporary residence cards must be renewed when they expire, and the renewal process should be initiated before the card expires to avoid issues.

Conclusion

Applications for a temporary residence card for investors in Vietnam require careful preparation and compliance with legal regulations. Customers need to ensure that they have all the necessary documents and information to facilitate the process of applying for a temporary residence card. If you have any questions about this procedure, please contact us via the hotline 0906735386 for detailed advice and support.