Under the provisions of Vietnamese law when you have a rental house, you will be considered an individual business household and must register Business and pay taxes related to business activities as a business. In case your tenant is a foreigner, you will need to follow other Legal procedures according to the procedure below to ensure that you do not violate the residence law.
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Do foreigners and Overseas Vietnamese have the right to be granted the certificate of land use rights?
Update: 2/5/2024 | 3:34:50 PM - Dragon Law Firm
Conditions for having house ownership recognized for Overseas Vietnamese are: must be allowed to enter Vietnam and must have legal housing through the form prescribed by law.
Do foreigners and Overseas Vietnamese have the right to be granted the certificate of land use rights?
According to the provisions of Clause 2, Article 7 of the 2014 Housing Law, Overseas Vietnamese entitled to own houses in Vietnam.
In Clause 1, Article 186 of the 2013 Land Law, it is provided: " Overseas Vietnamese who are entitled to own houses in accordance with the housing law are entitled to own houses associated with residential land use rights in Vietnam.”
According to Clause 3 of Article 186 of the 2013 Land Law: If all the heirs of land use rights and ownership of houses and other land-attached assets are foreigners or overseas Vietnamese who are ineligible to own houses in Vietnam as prescribed in Clause 1 of this Article, the heirs shall not be granted the certificate of land use rights and ownership of houses and other land-attached assets but may transfer or donate the inherited land use rights.
Clause 1, Point b Clause 2 Article 8 of the 2014 Housing Law stipulates Conditions for having house ownership recognized for Overseas Vietnamese are:
- must be allowed to enter Vietnam
- must have legal housing through the form prescribed by law.
In addition, The 2014 Housing Law, effective in 2015, allows foreign individuals to enter If you enter Vietnam, you can buy a house. Although there is no limit to the number of houses, the law also clearly stipulates the maximum number of foreigners allowed to own houses within a project.
For more information, please contact:
DRAGON LAW FIRM
Office: Room 6, Floor 14, VIMECO Building, Pham Hung Road, Trung Hoa Ward, Cau Giay District, Hanoi
Branch: No. 102 Lot 14, Le Hong Phong Road, Dang Lam Ward, Hai An District, Hai Phong City
Hotline: 1900.599.979
Mobile: 0983.019.109 / 0974.422.331 / 098.174.3559 (foreign clients)
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