Question
Attorneys in Danang, Vietnam advise for a foreign invested company may own a house in Vietnam ?
Answer
Is a foreign invested company eligible to own house in Vietnam ?
Foreign organizations eligible for the homeownership in Vietnam include:
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) (Point b Clause 1 Article 159 Law on Housing No. 65/2014/QH13 dated 11/25/2014).
Documents proving eligibility for owning houses in Vietnam:
A foreign organization must be an entity specified in Article 159 of the Law on Housing which has investment registration certificate or a permission issued by a Vietnam’s competent authority for operation in Vietnam which is still unexpired at the time of housing transaction (hereinafter referred to as investment registration certificate) (Clause 2 Article 74 Decree No. 99/2015/NĐ-CP dated 10/20/2015)./.
Related topics:
Foreign entities eligible for the homeownership in Vietnam
Can a foreigner buy a house in Vietnam ?.
Rights of foreign homeowners in Vietnam
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Call: 0914 165 703
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DMS Lawfirm in Vietnam
Director
(Signed)
Lawyer Do Minh Son
RELATING ITEMS
Law on housing in Vietnam
Law on housing in Vietnam No. 65/2014/QH13 dated November 25, 2014, took effect on July 01, 2015 (replaced the Law on Housing No. 56/2005/QH11 dated November 29, 2005, Law No. 34/2009/QH12 dated June 18, 2009, Law No. 38/2009/QH12 dated November 13, 2009, Decree No. 19/2008/QH12 dated June 03, 2008).
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