Under the new law on immigration which became effective on July 1st, 2020, foreign shareholders who invest VND 3,000,000,000 (around US$ 130,000) or more into their Vietnam company can get a 2-3 year Temporary Residence Card, which also can be renewed afterward. In addition, they can obtain Temporary Residence Cards for their dependents. 

Those who invest less than such an amount can only obtain a 1-year investment visa and cannot obtain 1-year visas for their dependents. 

It will take us about one week to get a Temporary Residence Card. 

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Yes, you absolutely can. Your Vietnam company can sponsor your Vietnam Investment Visa or Vietnam Working Visa.

Upon obtaining the Vietnam Investment Visa or Vietnam Working Visa, you may apply for a Temporary Residence Card (TRC) and it can be renewed upon its expiry.

This Temporary Residence Card (TRC) will also serve as a long-term visa.

No, you cannot. Work Permit Exemption and Temporary Residence Card are issued per one specific company.

You can only work for an employer (your Vietnam company) that has sponsored your visa.

No, you don’t. An individual shareholder like you does not need to obtain a Vietnam work permit to work for your Vietnamese company.

However, you need to apply for a Vietnam Work Permit Exemption instead. It’s a special Vietnam working visa issued to foreign shareholders of Vietnamese companies.

It allows you to work exclusively for your company. It’s valid for 1 to 2 years and can be renewed afterward.

If you are a shareholder of a Vietnam company, you are not required to apply for a Vietnam Work Permit to work for your Vietnam company.

Instead, you must apply for a Vietnam Work Permit Exemption with the term of up to 2 years and can be renewed upon its expiry. 

Your Vietnamese company must obtain Vietnam Work Permits for any other foreigners who work for your Vietnamese company, except for cases where such employees are also exempt from Vietnam Work Permits (in that case, they must obtain Vietnam Work Permit Exemptions instead). 

It’s a type of investment visa just issued to a foreign shareholder of a Vietnam company whose name appears on an Investment Registration Certificate (IRC) or an Enterprise Registration Certificate (ERC).

It’s a working visa sponsored by a specific Vietnam company, enabling such a company to invite foreign professionals to enter Vietnam and work for the inviting company.

It allows you to work exclusively for that company, live, and bring your family to Vietnam. The length of the labor contract determines its duration but, in any case, is no more than two (2) years long.

If you are a shareholder of a Vietnam company, you must obtain a Vietnam Work Permit or Vietnam Work Permit Exemption before applying for a Vietnam Working Visa. 

If you are not a shareholder and want to work for a specific Vietnam company, you must have an offer of employment to fill a genuine job vacancy of that Vietnam company. The sponsoring company must apply for a Vietnam Work Permit for you before you can obtain a Vietnam Working Visa.  

To get a Vietnam Work Permit, you need to qualify for the job, which means your health, background, experience, and education in the relevant field, and clean criminal record must meet the requirements of the Vietnamese laws. 

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