Create real estate project Vietnam

Why to create a real estate project in Vietnam?

Un appartement à louer Vidauban vers Draguignan dans le Var. Foreigner has to create real estate project Vietnam to develop a service in the country.

How to create a real estate project in Vietnam?

The VISIUP agency offers to create real estate project Vietnam.

Foire aux questions

Foreigner : What is the procedure to realize a real estate project in Vietnam?

The Vietnamese government requires a partner citizen of Vietnam to realize a real estate projects in Vietnam.

A foreigner must be in partnership with a Vietnamese citizen partner in order to undertake any real estate project in Vietnam.

Note : a foreigner can only buy ONE apartment in Vietnam under their name without creating a company, but under certain conditions.

They must be resident in Vietnam for 6 months before the purchase of the apartment, be the holder of a business visa in Vietnam and buy the property directly from a real estate developer (not from an owner).

The foreign investor and the Vietnamese citizen must create a company in Vietnam to buy one or several properties (to use, for rental or resale).

According to the Vietnamese government requirement, the foreign investor must be able to finance their project in Vietnam.

The government will set the amount of the investment license depending on the functioning of the company and the real estate project.

The amount of the investment will fund the activity of the project : purchase real estates, office rentals, employee salaries, equipment, vehicles, subcontracting...

There are two solutions :

The 100% Vietnamese company.
The company with a Vietnamese partner.

1. The 100% Vietnamese company :

The company will be under the name of the Vietnamese citizen and the real estates will be under the name of the Vietnamese company.

The holder of the investment license of the company must be a citizen of Vietnam.

The company's director position will be given to the Vietnamese citizen or the foreign investor.

The Vietnamese government will set an amount of investment. It will just be a declaration because the company is 100% Vietnamese.

2. The company with a Vietnamese partner

The Vietnamese partner will be at the beginning a majority in at least 51% / 49% within the company, and the real estates will be under the name of the company in Vietnam.

The holders of the company's investment license will be the Vietnamese citizen at 51% (at minimum) and the foreign investor at 49% (at maximum).

The company's director position will be given to the Vietnamese citizen or the foreign investor.

The government will set an amount of investment. The foreign investor will have to transfer 49% of the amount in an investment bank account (on behalf of the foreign investor) in Vietnam.

Note : If the foreign investor is at 25% in the capital of the company, they will have to transfer 25% of the investment amount.

Important :

The foreign investor can repurchase all shares of the Vietnamese citizen partner six months after entering into the capital of the company at 49%.

The Vietnamese citizen and the foreign investor will establish an internal contract to the company to enter into the company's capital in Vietnam at 100%.

The foreign investor must transfer 51% (repurchase of shares of the Vietnamese citizen partner) of the investment amount in the bank account of the company in Vietnam

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