Business people with the intention to do business in Vietnam can be familiar with business visa or investor visa. The Vietnamese Government has continuously improved the process and regulations regarding this administrative procedure to provide the most favorable conditions for investors. The amended Immigration Law taking effect since July 1st, 2020 has some changes regarding investor visa for Vietnam that are worth caring.
Vietnam investor visa (or ĐT visa) is a type of visa granted to foreigners who make investment in Vietnamese companies or lawyers with a license practicing in Vietnam.
The Vietnam investor visa can be extended if it is about to expire while being in Vietnam. In addition, it is a good basis to obtain a temporary residence card whose validity is up to 10 years (also known as long-term visa).
The Law No. 51/2019/QH14 has been effective since July 2020 added changes and amendments to the previous law articles. Investors should acknowledge the following details:
Firstly, the applicants have to grab these documents before starting application process:
There’re 2 ways to get the investor visa depending on the location.
Step 1: After you get all the above documents, you will need to submit to the Vietnam Immigration Department if your enterprise is in Hanoi, Ho Chi Minh City or Da Nang. If it is based out of those cities, you should reach the Immigration Management sections of that province’s police office.
Step 2: After 05 working days, you will receive your investor visa for Vietnam stamped on passport if there’s no further requirements from the authority.
You can still get the visa if you’re currently not in Vietnam. And there are 2 options to choose from:
4.2.1. Get investor visa at Vietnam embassy/consulate office
Step 1: You still need to meet the requirements of the above documents, then submit the dossier to the embassy/consulate office of Vietnam in your country.
Step 2: After the Official will check and verify information in those documents. Then you need to pay the visa fee and get the appointment letter for the result (processing time is from 5 to 7 working days). At this stage, you can request for post service if you don’t want to get it in person.
Step 3: The visa result and passport should be picked up on the appointed date or delivered to your requested address.
4.2.2. Get investor visa on arrival
As a normal visa on arrival, you will get your visa stamped upon your arrival in Vietnam international airports. Please refer to the following steps:
Yes. Investor visa for Vietnam is extendable without leaving the country. You can do the visa extension yourself at the Immigration Office or by a visa agent.