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VIETNAM COMPANY REGISTER
INVESTOR’S TEMPORARY RESIDENCE CARD AND TIME LIMITS

VIETNAM COMPANY REGISTER
INVESTOR’S TEMPORARY RESIDENCE CARD AND TIME LIMITS

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Investor's temporary residence card

The Vietnamese government is committed to creating a fair and attractive business environment for foreign investors, and constantly improving its legal framework and institutions related to business and investment in Vietnam. The government also offers exclusive incentives for investors who are working and living in Vietnam.

Upon completion of the enterprise establishment,  an investor may be allowed to get temporary residence card without work permit. Depending on the investment capital, time limits of the card can be from 1 to 10 years.

THE LIST OF REQUIRED BUSINESS LICENSES THAT THE FOREIGNER INVESTORS SHALL BE GRANTED

  1. Investment registration certificate (IRC, for foreign investors to invest in Viet Nam directly).
  2. Enterprise registration certificate (ERC, for doing business in line with local business laws).
  3. Other permits depending on actual operation (Regarding to environmental, fire protection, conditional industries).

REQUIRED INFORMATION FOR BUSINESS REGISTRATION

  1. Name of the enterprise.
  2. Address of the enterprise’s headquarter, phone number, fax number, and email address. (if any)
  3. Business lines.
  4. Charter capital, capital invested by the owner of the sole proprietorship.
  5. Types of shares, face value of each type of shares and total authorized shares of each type if the enterprise is a joint-stock company.
  6. Tax registration information.
  7. Number of employees.
  8. Full name, signature, permanent residence, nationality, number of the ID card, passport, or another ID paper of the owner if the enterprise is a sole proprietorship, or those of the partners if the enterprise is a partnership.
  9. Full name, signature, permanent residence, nationality, number of the ID card, passport, or another ID paper of the legal representative if the enterprise is a limited liability company or joint-stock company.
  10. Form of enterprise: Limited liability company with two or more members, one-member limited liability company, Shareholding Company, Partnership, Business Cooperation Contract.

 

 

PROCEDURES FOR BUSINESS REGISTRATION

  1. The founder of the enterprise or an authorized person shall submit the application for enterprise registration prescribed in this Law to the business registration authority
  2. The business registration authority shall consider the legitimacy of the application for enterprise registration and issue the Certificate of Business registration within 03 working days from the day on which the application is received. If the application is rejected, a written notification must be sent to the founder. The notification must provide explanation and necessary adjustments or additions.
  3. In the procedures and documents for business registration, there is cooperation among regulatory bodies in issuance of Certificate of Business registration, employment registration, social insurance, and online business registration.

TEMPORARY RESIDENCE CARD ISSUED TO FOREIGN INVESTORS IN VIETNAM

Temporary residence card (TRC) is a document issued by an immigration authority to a foreigner who is permitted to reside in Vietnam for a certain period of time. This card has the same validity as a visa. An investor may allowed to get temporary residence card without work permit.

Depending on the investment capital, there are 04 types of investment visas for foreign investors:

  1. VISA – ĐT1 has time limits of visa do not exceed 10 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 100 billion or more or investing in business lines benefitting from investment incentives, in administrative divisions benefitting from investment incentives decided by the Government.
  2. VISA – ĐT2 has time limits of visa do not exceed 5 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 50 billion to less than VND 100 billion or investing in business lines benefitting from the investment incentives treatment decided by the Government.
  3. VISA – ĐT3 has time limits of visa do not exceed 3 years – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of VND 3 billion to less than VND 50 billion.
  4. VISA – ĐT4 has time limits of visa do not exceed 12 months – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam and contributing capital of less than VND 3 billion.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

Thanks to a unique combination of local expertise and global experiences, VIVA BUSINESS CONSULTING is the one-stop solution for the required compliance procedures in Vietnam for foreign investors and experts. We are still here since 2006s because of our thousands of satisfied clients and our employees. Our staying power is a testament to the professional resources, and so much more.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

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