Investors contributing less than 3 billion VND are not eligible for work permit exemption and temporary residence card in Vietnam. So how can this person get a 2-year temporary residence card, be able to enter and exit many times as well as buy an apartment and carry out other administrative procedures easily? What is the difference between investors who contribute capital under 3 billion and from 3 billion or more for investors to choose the best plan?
1. Why should you apply for a work permit for investors under 3 billion?
According to Decree 152/2020, there are 2 cases where investors are exempted from work permits and granted temporary residence cards DT1, DT2, DT3 for investors:
Being the owner or capital contributing member of a company with a capital contribution value of VND 3 billion or more.
Being the Chairman of the Board of Directors or a member of the Board of Directors of a joint-stock company with a capital contribution value of 3 billion VND or more.
Thus, it can be seen that the benefit of having an investment capital of 3 billion or more, the investor will be exempted from the work permit and will also be granted a 2-year temporary residence card.
As for investors under 3 billion, only visa DT4 will be granted with a term of only 1 year. To get a 2-year investment temporary residence card, it is necessary to apply for a work permit for investors under 3 billion.
2. Procedures for applying for a work permit for investors under VND 3 billion
After receiving the employment approval from Dolisa (with a validity period of 2 years), it is necessary to prepare the necessary documents and documents:
a. Certificate of investment registration or approval to buy shares (in case of M&A);
b. Certificate of business registration;
c. Bank statement showing the investor’s capital contribution to the company;
* Criminal record:
a. Original passport;
b. Temporary residence registration certified by the police of the ward where the investor is living.
* The work permit registration document is valid for 2 years
a. Certificate of investment registration or approval to buy shares (in case of M&A);
b. Certificate of business registration;
c. Bank statement showing the investor’s capital contribution to the company;
d. Criminal record;
e. Health check results;
f. 2 figures 4 * 6 cm
3. Work permit consulting service for investors
One of the most difficult documents for foreigners who want to work in Vietnam is a work permit. CoPLUS has many solutions for investors with a capital contribution of less than 3 billion to be able to legally stay and work in Vietnam such as: can apply for a 1-year investment visa, a 2-year temporary residence card, or if the person is Foreigners married to Vietnamese will be granted temporary residence cards and exempt from work permits.
CoPLUS shares the differences in procedures and documents for applying for a work permit with the title of investor in the most comprehensive and prominent way:
To get work permit for investors quickly and professionally. Please contact the work permit service of CoPLUS immediately. We will help businesses verify the most valid and accurate records.
M- 0963 833 101
E- info@coplus.com.vn
W- www.coplus.com.vn
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