Conditions For Foreigners To Own A House

Question: – I work at a foreign company. In the future, the company’s leaders are Thai’s citizen to receive work and the need to rent housing. Asked, must foreigners have conditions to own a house?

Answer: – Article 159 of the Housing Law 2014 stipulates that foreign organizations and individuals invest in the construction of residential houses under projects in Vietnam in accordance with the provisions of this Law and relevant legal persons; Foreigners permitted to enter Vietnam to own houses in Vietnam. According to Article 160 of the Housing Law, the conditions for foreigners to own houses are: For foreign individuals investing in the construction of houses in Vietnam, they must have investment certificates and houses built. projected in accordance with the provisions of this law and relevant laws; For individuals allowed to enter Vietnam, they must enter Vietnam and not be entitled to diplomatic or consular privileges or immunities according to the provisions of law.

Conditions for foreigners to own a house

Under Point C, Clause 2, Article 161 of the Housing Law, foreigners are entitled to own houses as agreed upon in contracts on purchase, sale, lease, donate or inheritance of houses. No more than 50 years from the date of issuance of the certificate and may be extended in accordance with the regulations of the Government if required; The term of the house ownership must be clearly stated in the certificate. In cases where foreigners who marry Vietnamese citizens or marry overseas Vietnamese may own stable and long-term houses and have the rights of house owners such as Vietnamese citizens.

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