INVESTMENT VISA (DT1) IN VIETNAM

Currently, foreign investors who are owners/capital contributors/shares of enterprises will be granted investment visas in Vietnam. Depending on the amount of capital contributed/invested in Vietnam, the foreign investor will be granted a corresponding visa.

According to Article 8, Law No. 47/2014 / QH13 on entry, exit, transit, and residence for foreigners in Vietnam, as amended by Law No. 51/2019 / QH14, stipulates:

“DT1 – Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with contributed capital valued at 100 billion VND or more or investing in industries and trades eligible for investment incentives, areas with investment incentives are decided by the Government.

Thus, the investors have contributed capital over 100 billion VND, they will be granted an investment visa with the symbol DT1 in Vietnam.

According to Article 10 of Law No. 47/2014 / QH13, conditions for granting a visa are as follows:

–  Foreigners must have a passport or international travel document.

–  Foreigners are invited or guaranteed by agencies, organizations or individuals in Vietnam.

–  Foreigners are not included in the cases that have not yet allowed entry.

–  Certificate of investment registration, Certificate of business registration with foreign investment.

Under the provisions of Law No. 47/2014/QH13, Investment Visas for investors with contributed capital of 100 billion VND or more will have the symbol DT1 and the validity is not exceeding 5 years.

Note: Investment Visas will be issued with a term shorter than the validity of the Passport or international travel document at least 30 days.

Any organization or company that invites or guarantees foreigners to work in Vietnam must prepare and submit a petition for an Investment Visa to the foreigner.

An application for an Investment Visa for a foreigner includes:

–   A written request for immigration approval for foreigners (Form NA2);

–   A document introducing the seal and signature of the authorized person of the organization (Form NA16);

–   Notarized copies of the Investment Registration Certificate, the Enterprise Registration Certificate of the inviting or guaranteeing organization or enterprise;

–   Letter of Introduction.

Any organization or enterprise that invites or guarantees a foreigner shall submit a set of application for an Investment Visa to a foreigner at the Immigration Department where the head office is located.

Within 5 working days from the date of receiving a complete and valid application, the Immigration Department will consider the application for visa approval for foreigners.

In case of approval, the Immigration Department will issue a letter approving the entry approval of the organization or enterprise and send a notice to Vietnam’s diplomatic mission abroad or national border gate. practice where a foreigner can receive a visa.