Eligibility of foreign entities to own houses in Vietnam

DMS Lawyers in Danang, Vietnam advise about the requirements for a foreigner, foreign invested company to own houses in Vietnam ?

Foreign entities eligible to own houses in Vietnam:

Foreign entities who invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law;

Foreign-invested enterprises, branches, representative offices of foreign enterprises, foreign-invested funds and branches of foreign banks operating in Vietnam (hereinafter referred to as foreign organization);

Foreign individuals who are allowed to enter Vietnam (Clause 1 Article 159 Law on Housing No. 09/VBHN-VPQH dated 04 July 2019).

Documents proving eligibility of foreign entities to own houses in Vietnam:

A foreign individual must have a valid passport bearing the entry seal of the Vietnam’s immigration authority and not given privileges, diplomatic immunity according to Ordinance on privileges, immunity of diplomatic missions, consular offices, and representative authorities of international organizations in Vietnam.

A foreign organization must be an entity specified in Article 159 of the Law on Housing which has valid Investment registration certificate or valid permission issued by a Vietnam’s competent authority for operation in Vietnam at the time of housing transactions (Articles 5 and 6 Decree No. 99/2015/ND-CP dated 20 October 2015)./.

Related topics:

May an overseas Vietnamese acquire houses associated with land use rights in Vietnam

Forms of land use applicable to a foreign invested company in Vietnam

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Phone: 0914 165 703 

Email: dmslawfirm@gmail.com

DMS LAW LLC
Director
(Signed)
Lawyer Do Minh Son