Temporary resident card is an important document issued by an immigration authority or a competent authority of the Ministry of Foreign Affairs to a foreigner legally residing in Vietnam for a limited period of time.
Temporary resident card for investors is a temporary resident card issued to foreign investors who work in Vietnam, and this temporary resident card is valid as a long-term visa.
In the Law No. 51/2019/QH14 - Law on amending and supplementing some articles of the Law on entry, exit, transit, and residence of foreigners in Vietnam comes into force since July 01st, 2020, there will be some new points and important information to keep in mind during the process of applying for a temporary resident card for investors.
Some new regulations on temporary resident card for investors in 2020
Regulations on the duration of temporary resident card for investors
According to Clause 3 and Clause 4 of Article 1 of the Law No. 51/2019/QH14, the provisions of the temporary resident card for investors are as follows:
For temporary resident card with the type DT1
This is a temporary resident card granted to foreign investors and representatives of foreign organizations investing in Vietnam with a capital contribution of from VND 100 billion and above or as a foreigner investing in investment incentive industries and occupations, investment areas decided by the government. In this case, the temporary resident card is valid for 05 years.
For temporary resident card with the type DT2
To be granted to investors with a capital contribution of from VND 50 billion and less than VND 100 billion, or foreigners investing in industries and occupations that encourage development investment. In this case, the temporary resident card will be valid for not more than 05 years.
For temporary resident card with the type DT3
This is a card granted to investors with a capital contribution of less than VND 3 billion to less than VND 50 billion. The duration of temporary resident card does not exceed 03 years.
For temporary resident card with the type DT4
This is a card granted to foreign investors with a capital contribution of less than VND 03 billion. The duration of temporary resident card does not exceed 01 year.
Provisions on conversion of visa purposes
One problem that foreign investors often face is that before they set up a new business in Vietnam, they did not have any Vietnamese agency or organization which is on behalf to guarantee in order to apply for a visa, so they usually enter Vietnam with a tourist visa, e-visa, or visa exemption.
Therefore, when completing the procedures for capital contribution and business establishment in Vietnam, investors must exit Vietnam to apply for an investment visa guaranteed by the newly established company. This has made it difficult as well as costly for investors.
However, according to the new regulations of the Law No. 51/2019/QH14, these difficulties have been resolved.
According to Clause 2, Article 1 of this Law, the investor's visa or temporary resident card may converse purpose. If “the foreigner has papers proving himself to be the investor or the representative of the foreign organization investing in Vietnam”
In general, the amended and supplemented points of this Code have created the most favorable conditions for foreigners.
Some other provisions related to temporary resident card for investors
Above are some new regulations amended and supplemented, to understand detailed information, as well as to answer all questions related to Temporary resident card for investors as well as Vietnam visa procedures, work permit. Please contact number: xxx for the fastest reply.
CONDITIONS AND PROCEDURES FOR MAKING TEMPORARY RESIDENT CARDS FOR FOREIGN INVESTORS
Foreigners enter Vietnam for many different purposes such as tourism, work, investment, etc.
When a foreigner resides in Vietnam for a long term, he or she not only has to have a work permit to work legally in Vietnam, but also needs a temporary resident card.
For investors who establish or contribute capital to companies operating in Vietnam, they will be granted a temporary resident card with a term of 05 years. So how to apply for obtaining temporary resident card for investors? What are the procedures and conditions for temporary resident card issuance? These problems will be answered through this article.
Conditions for obtaining temporary resident card for investors
Application file for temporary resident card for foreign investors
When customers use the service to apply for a temporary resident card for foreign investors of our company, you shall only provide us the following information:
Place of application for temporary resident card for foreigner who is the investor
The place of application is at the Immigration Department or the Immigration Management Division.
Duration for procedures to apply for temporary resident card
According to the regulations of the competent state to apply for a temporary resident card for foreigners is 05 working days from the date the competent authority receives a valid dossier.
In addition, we also provide service to expedite temporary resident card for foreigners when needed.
For more details on issues related to temporary resident card or extension of temporary resident card. Please contact us via phone number: 0985 281 441 (zalo, etc.) for more detailed advice on each specific case.
Or you can leave your phone number in our website chat, let us contact and advise you.
In addition, we also offer many other services such as applying for a work permit, Vietnam visa, visa extension, etc.
DIFFERENCES BETWEEN A TEMPORARY RESIDENT CARD AND A VISA
What are the differences and similarities between a visa and a temporary resident card? Let's find out and distinguish with Gia Hop in the article below!
The similarities between a visa card and a temporary resident card
These two types of cards have the following similarities:
Temporary resident card
Differences between a visa and a temporary resident card
Temporary resident card
Who is granted a visa and a temporary resident card
All foreign nationalities who are eligible for issuing a visa under Vietnamese law can be granted a visa or a temporary resident card depending on each case.
Benefits when obtaining a visa and a temporary resident card
Advantages of using services of Gia Hop company
Any questions regarding the procedures of foreigners. Please contact us via phone number: xxxxxxxxx for support and detailed advice.