Real estate business

Real estate business

1. AFAS is open for the following services:

– Rental/rental services related to self-owned or rented residence (CPC 82101): unlimited.

– Rental or rental services relating to self-owned or rented non-residential locations (CPC 82102): no restrictions- – Management services for real estate residence on a contract or payment basis fee (CPC 82201): unlimited .

– Management services for real estate residence on a contract or payment basis fee (CPC 82202): unlimited

2. EVFTA: No commitment to land ownership, recovery of land use rights, land lease, land use, land planning, land use term, rights and obligations of land users.[1] The natural resources found in the land belong to the State of Vietnam. Cultural heritage of undetermined owner was found in land belonging to the State of Vietnam. No commitment to measures related to the purchase, sale, ownership and lease of residential real estate by foreigners.

3. CPTPP:

a) Appendix NCM I-VN-34: Real Estate

Regarding the construction, leasing, purchase, lease purchase, and transfer of real estate, the Law on Real Estate Business provides more limited rights to foreign entities than to Vietnamese entities. Foreign-invested enterprises can only:

About residential real estate:

–      Building residential real estate for sale, lease, or hire-purchase on land allocated by the State;

–      Construction of residential real estate for lease on State leased land;

–      Purchase, lease purchase or lease of commercial residential real estate in housing construction investment projects;

–      Renting residential real estate for sublease;

–      Receive transfer of real estate projects product home live, one part nice full set to build construction of residential buildings for sale or rent.

About commercial real estate

– Construction of commercial buildings for sale, lease or lease-purchase on the leased land of the Government;

– Construction of commercial buildings on the land rented in industrial parks, clusters industrial, or economic zone for business according to the intended use of the land.

–         Buy or lease-purchase commercial real estate commercial for its proper use.

–         Lease of commercial real estate for use or sublease;

–         Receive transfer of real estate projects commercial property, in whole or in part, to build commercial buildings to salel or lease.

For higher certainty, the top enterprises Foreign investors can provide services lip gender any dynamic property; floor deliver pandemic any real estate, real estate consulting services, and real estate management services, for any residential and commercial real estate.

To be more clear, businesses with invested capital foreign countries, foreign organizations and individuals are only allowed to do the following activities above.

b) Appendix NCM II – Sub-Appendix A: Real Estate Services:

Including owned or leased property (CPC 821): Unlimited

Paid or on a contract basis: Unlimited

1. Law of Vietnam:

 –  Investment projects to build houses and urban areas specified at Point g, Clause 1, Article 31 of the Law Investments subject to the owner’s approval authority investment program of Prime Minister.

– Enterprises with foreign investment be allowed to do real estate business by scope business specified in Clause 3, Article 11 Real Estate Business Law.

– AFAS, EVFTA, CPTPP

–    Investment Law 2020.

– Real Estate Business Law real estate in 2014.

– Decree No 76/2015/ND-CP date 10/9/2015 of the Government detailed regulations Some articles of the Real Estate Business Law real estate.

– Decree No. 43/2014/ND-CP dated May 15, 2014 of the Government detailing the implementation of a number of articles of the Land Law.