Why do you need a Temporary Residence Card in Vietnam?

Foreign companies are always looking for new and innovative ways to expand their business. Vietnam offers a variety of opportunities for businesses, with its thriving economy and abundance of natural resources. In order to make the most of these opportunities, it is important to understand the process of setting up a company in Vietnam. This guide will walk you through the basics of establishing a foreign enterprise in Vietnam.
In recent years, the Vietnamese government has made it easier for foreign businesses to operate in Vietnam. One way that this is evident is through the implementation of a temporary residence card for expats working for foreign companies. This card allows foreigners to stay in the country for up to three years, and makes it easier to travel in and out of Vietnam.

What is a Temporary Residence Card in Vietnam and what are its benefits

The Temporary Residence Card is an immigration document that allows you to legally reside in Vietnam. It’s perfect for visitors looking forward to staying temporarily, students going abroad on scholarship programs or people doing work placements with international companies! With this ID card holders can enjoy many perks including freedom from paying taxes which means more money goes into your pocket each year; healthcare coverage should something happen during their trip/time Here as well there will be access provided by local hospitals so it won’t cost anyone anything extra out of pocket if they get injured while visiting us – finally not only do these cards guarantee immunity but also protect against deportation back home thanks.

How to apply for a Temporary Residence Card in Vietnam

The application process for a Temporary Residence Card in Vietnam is fairly simple and straightforward. All you need to do it follow these steps:
The first step of obtaining your new temporary visa or permit will be filling out an extensive form with personal information about yourself as well any other relatives that may live abroad but still want their own residency card too; this includes children under 18 years old if they’re attending school outside the country full time due either because there’s no local kindergarten available (which often happens) OR worse yet – These kids might actually work! It also requests signature from both parents who are living at home.

What documents are required to apply for a Temporary Residence Card in Vietnam

You will need to obtain the following documents accompanied with your application:

1) One original document proving that you are currently living outside of Vietnam – This can be anything from an international passport, driver license or student ID card;

2). Four copies (one copy per family member),

3.) A letter explaining why they want their loved ones granted temporary residence status in vietnam+4 signaturesatures confirming ownership

4). Some financial proof such as bank statements reflecting recent activity 5.-6.)

How long does it take to process an application for a Temporary Residence Card in Vietnam

In the past, it took about a week to process an application for Temporary Residence Cards. However with new policies in effect starting on May 1st 2020 applicants may expect their paperwork submitted within 3 days of submitting all required documentation and fees which includes $3 hundred dollars (U$$) processing fee per person or family unit applying together as one household!

How much does it cost to apply for a Temporary Residence Card in Vietnam

Temporary Residence Cards in Vietnam can be a difficult process. The application fee is $160 and the typical wait time before receiving your card is six months to one year, but there are other ways you might get around this pesky law if it doesn’t suit your needs too much!
-Overseas visitors may apply for their own visa at an embassy or consulate overseas;  this costs money (about 150$) plus any visas required by country of travel – Philippines has different fees than Thailand etc., so check thoroughly before going down that route