How long is the duration for foreigners to own houses in Vietnam?

The time limit for foreigners to own houses in Vietnam is specifically stipulated in the Law on Housing 2023 and Decree No. 95/2024/ND-CP. For foreign individuals, this time limit is calculated from the date of issuance of the certificate of land use rights, ownership of houses and other assets attached to land. Using consulting and support services will help customers clearly understand the ownership term and can be promptly extended according to Government regulations.

Conditions for foreigners to own houses in Vietnam

Pursuant to Point c Clause 1, Point c Clause 2 Article 8, Point c Clause 1 Article 17, Clause 3 Article 18 of the Law on Housing 2023, the conditions for foreigners to own houses in Vietnam are:

• Foreign individuals must be allowed to enter Vietnam
• Individuals who own housing through purchasing, renting, and purchasing commercial housing from investors in housing construction investment projects, receiving gifts, or inheriting commercial housing in housing construction investment projects are not located in an area that needs to ensure national defense and security as prescribed in Article 16 of this Law;
• Not subject to diplomatic or consular privileges and immunities according to the provisions of law.

Forms of housing ownership in Vietnam for foreigners

Foreigners can own housing in Vietnam including apartments and individual houses through the following forms:

• Implementing housing construction investment projects in Vietnam.
• Buying, renting, and purchasing commercial housing from investors of housing construction investment projects, receiving gifts or inheritance of commercial housing in housing construction investment projects not in areas requiring national defense assurance, security.
• Buy, rent-purchase houses from foreign organizations and individuals who already own houses.

Reference content: Clause 2, Article 17, and Article 19 of the Law on Housing 2023.

The time limit for foreigners to own houses in Vietnam

The term of housing ownership in Vietnam for foreigners is specifically stipulated in Point c, Clause 2, Article 20, Law on Housing 2023. For foreign individuals, they are allowed to own housing according to the agreement in the contract. Transactions of buying and selling, renting, donating, or inheriting housing but not exceeding 50 years from the date of issuance of the Certificate and can be extended once for a period not exceeding 50 years if needed; The term of home ownership must be clearly stated in the Certificate.

Procedures for registering housing ownership in Vietnam for foreigners

Procedures for registering housing ownership in Vietnam for foreigners include the following steps:

Step 1: Documents include (application form, copy of passport, documents proving legal status, and documents related to housing transactions).

Step 2: Foreigners need to submit documents to the Provincial People’s Committee where their residence is located.

Step 3: After submitting the application, the competent authority will review and issue a Certificate of housing ownership to the foreigner.

Consulting services on the term of housing ownership in Vietnam for foreigners

The term of housing ownership in Vietnam for foreigners is a complex issue, requiring a deep understanding of the law. Consulting services on the term of housing ownership in Vietnam for foreigners are increasingly of interest. Long Phan provides consulting services on the term of housing ownership in Vietnam for foreigners.

The services we provide include:

• Consulting for foreigners to own houses in Vietnam
• Consulting on conditions for foreigners to own houses in Vietnam
• Consulting on ways foreigners are allowed to own houses in Vietnam
• Consulting on preliminary preparation and guidance on the procedure for registering housing ownership in Vietnam for foreigners
• Consulting and providing solutions when the housing registration certificate application is rejected
• Consulting on other related issues.

Customers need to carefully learn about the term of home ownership in Vietnam for foreigners before deciding to invest. For detailed advice and support in the process of buying and owning a house in Vietnam, please contact Long Phan via Hotline: 0906735386. We are ready to provide updated information and support customers in all necessary procedures.