Visa issuance for foreign investor
Reference situation:
X Company (based in Germany) is investing in Vietnam through A company. X authorized Mr. B (Swiss nationality) to be the legal representative of A and the person managing 100% of X’s equity in A. X would like to consult lawyers about the type of visa for B to enter Vietnam.
Our legal advice:
1. Legal eligibility for visa issuance
Under Article 10 of Law on entry, exit, transit, and residence of foreigners in Vietnam 2014, a foreigner must be eligible for the following conditions to enter Vietnam:
- Having a passport or a laissez-passer
- Is invited or sponsored by an organization, an agency or an individual in Vietnam, with some exceptional cases
- Not subject to the cases on which the foreigners are not be entered
- Having one of the following documents evidencing entry’s purpose:
a) A document on the investment of the foreigner in Vietnam under Law on Investment
b) A license of a foreign lawyer practicing in Vietnam under Law on Lawyers;
c) A work permit of a foreigner who works in Vietnam under the Labour Code;
d) A written acceptance of a school or an educational institution in Vietnam if a foreigner studies in Vietnam
2. Type of visa
According to B’s entry purpose, B will be issued a visa with the symbol as “ĐT” for “foreign investors in Vietnam“
Please click here to refer to the procedures for visa issuance