What better country is there than Vietnam if you want to invest, live near the ocean, and have fun? Dreamy beaches, gushing rivers, French architecture, and Buddhist pagodas make up Vietnam’s natural beauty. Vietnamese cuisine, including Pho and Vietnamese coffee, should also not be neglected.
Let’s discuss the Vietnam Investor Visa before we deviate into other positive aspects of this beautiful nation. Many visa categories are available under the Vietnam Investor Visa program, including the DT1, DT2, DT3, and DT4 visas, which allow you to invest and stay in the nation for various lengths of time.
What is a Vietnam Investor Visa?
A Vietnam Investor Visa, also known as an “investment visa” or “business visa,” is a type of visa issued to foreign investors who wish to invest in or conduct business in Vietnam. This type of visa typically allows the holder to stay in Vietnam for a longer period of time than a standard tourist visa and may also allow the holder to bring dependents with them to Vietnam.
To apply for Vietnam citizenship by investment, a Vietnam Investor Visa would be needed, an individual typically needs to provide documentation showing their investment plans and financial resources.
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What Are The Types Of Vietnam Investor Visa or DT Visa?
Depending on how much money you invest, you can apply for one of four different types of investment visas, allowing you to stay in the nation for a period of one to ten years. The differences between the DT1, DT2, DT3, and DT4 investment visas will be discussed first.
These investments can grant you Vietnam citizenship by investment.
DT1 Visa: A foreign investor is eligible for this visa if they invest a minimum of VND 100 billion ($4.3 million) or 5 years. Additionally granted are investors who put their money into the economic sectors and areas where the Vietnamese government has established investment incentives.
DT2 Visa: With a total capital investment of between VND50 billion ($2.17 million) and VND100 billion ($4.35 million), a foreign investor is eligible for a 5-year DT2 visa. Investors who invest in the economic sectors and places where the Vietnamese government has established investment incentives are also granted.
DT3 Visa: A foreign investor who invests between VND3 billion ($130,500) and VND50 billion ($2.17 million) is eligible to apply for this visa, which is valid for 5 years.
DT4 Visa: This visa is given to foreign investors who have invested less than VND3 billion ($130,500) and want to stay in the country for a year.
How to obtain Vietnam citizenship through investment
Obtaining Vietnam citizenship through investment is possible, but the process can be quite complex and requires significant financial resources. The process typically involves making a substantial investment in the country’s economy, such as by purchasing real estate or establishing a business.
Here are the general steps involved in obtaining Vietnam citizenship by investment:
- Make a significant investment in the country’s economy by purchasing real estate or establishing a business. The government must approve the investment and align with the country’s economic development plans.
- Submit an application for citizenship to the Vietnamese government. Documentation showing the individual’s investment and their financial resources must accompany the application.
- Pass a background check and interview with the government. This step is to ensure that the individual does not have any criminal record and does not pose a security risk to the country.
- Meet the language and culture requirements set by the government.
- Wait for the government’s decision on the application. The process can take several months to a year or more.
How can I get permanent residency in Vietnam?
To obtain permanent residency in Vietnam, you must meet certain criteria and follow a specific process. The criteria for permanent residency include the following.
- Having a valid passport and not being barred from entering Vietnam.
- Having a stable source of income, either from employment or business operations in Vietnam.
- Having adequate housing in Vietnam.
- Having a clean criminal record and not posing a threat to national security.
The process for obtaining permanent residency in Vietnam typically involves the following steps:
- Submit an application to the Vietnam Immigration Department.
- Provide required documents, including a valid passport, proof of income, and criminal background check.
- Attend an interview with the Vietnam Immigration Department to confirm your eligibility for permanent residency.
- If they approve your application, pay the required fees and wait for your permanent residency card to be issued.
It’s worth noting that the process and requirements for permanent residency in Vietnam may change over time. We always recommend checking with the Vietnam Immigration Department or a visa agency to confirm the most up-to-date information.
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Who is eligible for Vietnam Investor Visa exemption?
An individual is eligible for a Vietnam Investor Visa exemption if they meet the following criteria:
- The individual is a foreign investor in a Vietnamese enterprise or organization that has been operating for at least three years, and they have invested in the enterprise or organization for at least three consecutive years.
- The individual is a foreign expert working in Vietnam and has a valid work permit.
- The individual is a foreign representative of a foreign organization with a representative office in Vietnam and a valid work permit.
- The individual is a foreign spouse or child of a Vietnamese citizen or a foreign citizen with a valid residence permit in Vietnam.
- The individual is a foreign national with a valid permanent residence card in Vietnam.
It is important to note that getting Vietnam citizenship through investment can be quite lengthy and complex, and success is not guaranteed.
It is also important to remember that the requirements and regulations related to getting Vietnam citizenship by investment can change over time, so it is best to consult with an immigration lawyer or the official immigration department in Vietnam for accurate information.