What is a Golden Visa? Has the Vietnam Golden Visa become available?

What is a Vietnam Golden Visa? A Golden Visa opens up long-term residence opportunities in countries where it’s offered. Foreign nationals can work, study, and travel more freely with this type of permit.

Get the latest information from this detailed guide by Thao & Co. so you can apply for this type of visa with confidence.

What is the Golden Visa program?

The Golden Visa program has been implemented in some countries, allowing foreigners who have made financial investments to a country to stay there for up to 10 years. Investments include direct business or real estate investment.

By offering a Golden Visa, the host country can attract foreign investments to boost the local economy and the real estate market. Golden Visa holders are eligible for:

1. ✓ Unlimited entries and exits
2. ✓ Entrepreneurship and investment into other businesses
3. ✓ Social benefits similar to permanent residents’
4. ✓ Sponsorship of their spouse/children (at a country’s discretion)

Examples of the Golden Visa around the world

You can apply for a Golden Visa in many countries. Here are the benefits and requirements for some of them:

1. • Portugal: Residence is permitted through investing in real estate or investment funds, or by creating more job openings. Citizenship can be applied after 5 years of residence.
2. • Greece: Ownership of at least 250,000 EUR in real estate is required to be eligible for long-term residence and free movement within the Schengen area.
3. • Spain: Residence is permitted for those with a real estate investment of 500,000 EUR or more.
4. • United States: A direct investment of 5 million USD to the U.S. government is required.
5. • Thailand: A large sum of money or government bonds must be deposited into the bank for a residence permit.

A similar program can be found in many other countries, including Malta, Hungary, Cambodia, Malaysia, Indonesia, Philippines, and more.

Have Vietnam issued Golden Visas to foreigners?

Currently, Vietnam has not implemented the Golden Visa program. For investors and those who wish to stay long-term, other Vietnam visa options are available:

What Vietnam visa types are similar to the Golden Visa?

1. • Investment Visas (ĐT1−ĐT4): Requires capital contributions from 3 billion to 5 billion VND. The visa duration is from 1 to 5 years.
2. • Temporary Residence Cards (TRC): Issued to investors, those with a work permit, or relatives of Vietnamese citizens. The TRC is valid from 2 to 10 years, depending on the individual and their purpose of stay.
3. • Vietnam’s 5-Year Visa Exemption Certificate: Issued to people of Vietnamese origin or relatives of Vietnamese citizens. It allows multiple entries within 5 years with a maximum stay of 180 days per entry.

See more: Latest marriage registration procedure for foreigners in Vietnam

The Vietnam Golden Visa proposal: 5 to 10 years of residence

The Tourism Advisory Board of Vietnam (TAB) recently submitted a proposal for a “Golden Visa” program to the Prime Minister, according to Nhân Dân newspaper.

This type of visa would be valid for 5–10 years and allow for extension to attract talent, experts, investors, and high-net-worth individuals to Vietnam. In addition to the Golden Visa, other long-term visas were also proposed. These include:

1. • Investor Visa: Valid for 10 years, with a pathway to permanent residence after 5 years of sustained investment.
2. • Talent Visa: Valid for 5 years, with a simpler renewal procedures.

Vietnam Golden Visa proposal, if approved, will serve as a great addition to the currently available 1-year visas of Vietnam. Since this type of visa is intended for foreign nationals, it will be piloted in areas with potential for economic and tourism development, including Hanoi, Ho Chi Minh City, Da Nang, Phu Quoc, and more.

What are the common Golden Visa requirements and costs?

Each country has a different set of requirements for their Golden Visa. However, most applicants are required to:

1. • Make a business or real estate investment: You may need to buy government bonds or real estate, invest in businesses, own a large deposit in the bank, or create jobs for local citizens.
2. • Have legitimate source of funds: You’ll need to provide valid and legal proof of legitimate asset ownership. It’s recommended to prepare transparent financial records.
3. • Have clean criminal records: Past criminal records may make it harder to apply for a Golden Visa.
4. • Own health and medical insurance: Some countries require international insurance or a certificate of health status.

The fee for the Golden Visa is different for each country.

For example, in Thailand, the minimum fee is 650,000 Baht (approximately 20,000 USD) and may increase depending on your choice of membership. This is a one-time payment, and there is no annual fee.

Thao & Co. – Professional translation and Vietnam visa support

Thao & Co. translation company specializes in providing high-quality translation services and visa application consulting. With years of experience, we offer comprehensive solutions for investors and international organizations planning to enter the Vietnamese market.

At Thao & Co., clients receive dedicated consultation from specialists in the field of visa application and legal procedures in Vietnam. Our time-tested and effective preparation process will help you apply with confidence and plan your future ahead without worries.

All of our services, from notarised translation to legal procedure support, come with:

1. ✓ Accurate translation of visa application documents, with polished formatting, in 50+ languages.
2. ✓ Support for notarization and consular legalization to ensure legal validity.
3. ✓ Transparent quotes, with no hidden charges.
4. ✓ Efficient workflows and convenient progress tracking on our proprietary platform.
5. ✓ In-depth solutions for foreigner nationals looking to open a business in Vietnam.

Thao & Co. is committed to professionalism and quality in all aspects of our services. We are the reliable language solutions partner to assist with your market entry strategies.

Contact Thao & Co. today for more information and personalised consultation!

1. 📋 Fill out our Get a Quote form
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3. 📧 Send an email to [email protected]

Through this article, we have provided a useful overview of the Golden Visa and the latest updates about its implementation in Vietnam. Keep checking back for the latest information from Thao & Co.!