Total cost of applying for an investment temporary residence card: Fees you need to know

The cost of applying for an investment temporary residence card is an issue that many foreign investors are concerned about when they want to live and work long-term in Vietnam. The investment temporary residence card allows foreign investors to legally reside in Vietnam for a certain period of time, depending on the type of card and the duration issued. The article below provides detailed information about the cost of applying for an investment temporary residence card and instructions on procedures and application documents for the card.

Types of temporary residence cards for investors and duration of each type of temporary residence card

Investment temporary residence cards are classified based on the value of foreign investors’ capital contributions, specifically as follows:

• DT 1: Issued to foreign investors or representatives of foreign organizations investing in Vietnam with a capital contribution of 100 billion VND or more or investing in industries, occupations, and areas with investment incentives. Card term is maximum 10 years.
• DT 2: Issued to foreign investors or representatives of foreign organizations investing in Vietnam with capital contribution from 50 billion to less than 100 billion VND or investing in industries and professions that encourage investment and development. Card validity is maximum 5 years.
• DT 3: Issued to foreign investors or representatives of foreign organizations investing in Vietnam with capital contribution from 3 billion to less than 50 billion VND. Card validity is maximum 3 years.
• DT 4: Issued to foreign investors or representatives of foreign organizations investing in Vietnam with a capital contribution of less than 3 billion VND. Card validity is maximum 12 months.

Note that the validity of the temporary residence card issued will be at least 30 days shorter than the remaining validity of the passport.

Conditions for granting investment temporary residence card

Foreign investors who want to be granted a temporary residence card to invest in Vietnam need to meet the following conditions:

1. Not subject to temporary exit suspension and not subject to not being granted a temporary residence card, including:

• Being prosecuted for criminal liability or being a defendant in civil, economic, or labor disputes;
• Being obliged to execute criminal, civil, economic;
• Or decide to sanction administrative violations, tax payment obligations and other financial obligations.

2. Passport valid for at least 01 year.
3. The visa being used in Vietnam must be for the right investment purpose (the visa must have the symbol DT).
4. Make a temporary residence declaration with the police of the commune, ward or town where you reside.

Procedures for granting temporary residence cards to foreign investors

Procedures for applying for a temporary residence card for foreign investors include the following steps:

File

Documents needed to prepare include:

• Application form for temporary residence card (form NA8).
• Application for temporary residence card for foreigners (form NA6).
• Investment registration certificate/Business registration certificate, showing details of the investor’s capital contribution.
• Seal sample registration certificate or written notice of posting information about the enterprise’s seal sample on the national business registration portal.
• Investor’s passport and visa.
• Confirmation of temporary residence registration or temporary residence registration book certified by the ward or commune police where the investor temporarily resides.
• 02 photos 3cm x 4cm.

Procedure

Step 1: Submit an application at the Immigration Department or Immigration Department of the police of the province or city where the investor’s company/enterprise is headquartered.

• If the application is complete and valid, the officer will receive the application and give a receipt.
• If the application is not valid, staff will provide additional instructions.

Step 2: Receive results according to receipt. Pay the fee and receive a temporary residence card if the application is approved.

Competence

The Immigration Department or the Immigration Department of the Provincial/City Police where the Company/Enterprise in which the Foreign Investor contributes capital is headquartered has the authority to issue temporary investment residence cards.

Currently, the Immigration Department has addresses in two major cities of Vietnam: Hanoi and Ho Chi Minh City, specifically as follows:

• Immigration Department in Hanoi: 44-46 Tran Phu Street, Ba Dinh District, Hanoi.
• Immigration Department in Ho Chi Minh City: 337 Nguyen Trai, Nguyen Cu Trinh Ward, District 1, Ho Chi Minh City.

Cost of applying for an investment temporary residence card

Costs for applying for an investment temporary residence card are specified in Circular No. 25/2021/TT-BTC, including:

• Temporary residence card valid for no more than 02 years: 145 USD/card.
• Temporary residence card with term from over 02 years to 05 years: 155 USD/card.
• Temporary residence card with term from over 5 to 10 years: 165 USD/card.

Consulting services and guidance on applying for temporary residence cards for foreign investors

Long Phan Consulting Company provides comprehensive consulting and support services for foreign investors in the process of applying for a temporary residence card. Services include:

• Consulting on types of temporary residence cards suitable for each investor;
• Consulting on the duration of each type of temporary residence card;
• Consulting on conditions for granting investment temporary residence cards;
• Consulting with competent authorities to issue temporary investment residence cards;
• Consulting and guidance on preparing documents to apply for a temporary investment residence card;
• Instructions on the order and procedures for applying for an investment temporary residence card;
• Consulting on costs for applying for an investment temporary residence card;
• Consulting and answering other related issues.

Frequently asked questions about applying for investment temporary residence card

To help you better understand the process and requirements involved in applying for an investment temporary residence card, we have compiled a list of frequently asked questions. Below are detailed answers to each question.

What specific documents are required, and do they need to be notarized or translated?

Documents such as the investment registration certificate, business registration certificate, and passport must be notarized and translated into Vietnamese by a certified translation service.

How long does the application process typically take?

The processing time can vary, but it generally takes between 5 to 10 working days from the date of complete application submission.

Can I renew my investment temporary residence card, and what is the process?

Yes, you can renew your card. The renewal process is similar to the initial application, requiring updated documents and submission to the Immigration Department before the current card expires.

What happens if my investment amount or the type of investment changes?

If your investment changes, you must notify the Immigration Department and may need to apply for a new temporary residence card that reflects the updated investment details.

Under what circumstances can my investment temporary residence card be revoked?

Your card can be revoked if you violate Vietnamese laws, provide false information, or if your investment no longer meets the required criteria.

Conclude

Investment temporary residence card is an important condition for foreign investors to live and work long-term in Vietnam. Long Phan Consulting Company is always ready to support customers in the process of applying for a temporary residence card, ensuring quick, convenient and effective procedures. If you need advice or use the service, please contact the hotline: 0906735386.