In what forms can overseas Vietnamese conduct real estate trading?
In what forms can overseas Vietnamese conduct real estate trading? What is the form in which overseas Vietnamese can conduct real estate trading? What are regulations on scope of real estate trading conducted by overseas Vietnamese?
In what forms can overseas Vietnamese conduct real estate trading?
Question: Currently, the real estate market is developing very strongly, the Vietnamese real estate market is attracting not only domestic investors but also foreign investors. Can you tell me what forms of real estate business are available for overseas Vietnamese? I hope you can advise me, thank you very much.
Reply:
1. Real estate trading means capital investment in building, purchasing, and receiving real estate for sale, for transfer, for lease, for sublease, or for lease purchase; provision of real estate brokerage services; real estate trading floor services; real estate counseling services or real estate management for profit purposes.
Clause 2, Article 11 of the 2014 Real Estate Business Law stipulates that Vietnamese people residing abroad are allowed to do real estate business in the following forms:
- Forms prescribed in Point b, d, g and h Clause 1 of this Article;
+ Rent buildings for sublease;
+ Build houses on the land which is leased by the State for lease; build houses or constructions other than houses on such land for sale, for lease, or for lease purchase;
+ Build buildings on land which is leased from organizations, households or individuals for lease according to proper land use.
+ Receive total or a part of real estate project from investors to build buildings on it for sale, for lease, or for lease purchase;
- Build houses on land which is allocated by the State for sale, for lease, or for lease purchase;
- Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.
What is the form in which overseas Vietnamese can conduct real estate trading?
Question: What is the form in which overseas Vietnamese can conduct real estate trading?
Reply:
Vietnamese people residing abroad are allowed to do real estate business in the form of:
+ Rent buildings for sublease;
+ Build houses on the land which is leased by the State for lease; build houses or constructions other than houses on such land for sale, for lease, or for lease purchase;
+ Build buildings on land which is leased from organizations, households or individuals for lease according to proper land use.
+ Receive total or a part of real estate project from investors to build buildings on it for sale, for lease, or for lease purchase;
- Build houses on land which is allocated by the State for sale, for lease, or for lease purchase;
- Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.
In what forms can overseas Vietnamese conduct real estate trading? (Image from the Internet)
What are regulations on scope of real estate trading conducted by overseas Vietnamese?
Question: What is the form in which overseas Vietnamese can conduct real estate trading? Hello, my name is Bao Quoc. I currently have questions and would like to ask you to answer them. Specifically, please ask: What are regulations on form in which overseas Vietnamese and foreign-invested enterprises can conduct real estate trading? What legal documents regulate this issue? Hope to receive a response. I sincerely thank!
Reply:
Currently, the scope of real estate business of Vietnamese residing abroad and foreign-invested enterprises is stipulated in Clauses 2 and 3, Article 11 of the 2014 Real Estate Business Law with the following content: after:
2. Overseas Vietnamese may conduct real estate trading in the following forms:
a) Forms prescribed in Point b, d, g and h Clause 1 of this Article;
b) Build houses on land which is allocated by the State for sale, for lease, or for lease purchase;
c) Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.
3. Foreign-invested enterprises may conduct real estate trading in the following forms:
a) Forms prescribed in Point b, d, h Clause 1 and Point b Clause 2 of this Article;
b) Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.
Above is the answer about the scope of real estate business for overseas Vietnamese and foreign-invested enterprises. You can find out more information about this issue at the Real Estate Business Law 2014.
Best regards!
