Do foreigners buy private car in Vietnam? Here’s everything you need to know about buying private car in Vietnam including what documents you’ll need to have.
The conditions for foreigners to buy private car in Vietnam
Do foreigners buy private car in Vietnam? The answer is yes. Foreigners in Vietnam are allowed to purchase and register cars under certain conditions. Circular No. 15/2014/TT-BCA dated 04/04/2014, there are some restrictions and requirements that they must meet in order to do so. It’s includes
A valid visa
Foreigners who wish to buy and register a car in Vietnam must have a valid visa that allows them to stay in the country long-term.
Resident card
A foreigner who wishes to register a car in Vietnam must have a temporary or permanent resident card. This card is issued by the Vietnamese immigration department and is proof that the individual is residing in the country legally.
Driving license
To register a car in Vietnam, a foreigner must hold a valid Vietnamese driving license. If the foreigner does not have a Vietnamese driving license, they can obtain an International Driving Permit (IDP) from their home country.
Payment of taxes and fees
Foreigners must pay all taxes and fees associated with purchasing and registering a car in Vietnam. These fees include registration fees, import taxes, and value-added tax (VAT) and other charges. They must also obtain a valid insurance policy.
Local sponsor
Foreigners must also have a Vietnamese resident or citizen as a guarantor to sign the purchase contract and registration documents. The guarantor will be responsible for any outstanding debts or fines related to the vehicle.
It’s important to note that the process of buying and registering a car in Vietnam can be complex and time-consuming. Therefore, it’s recommended that foreigners seek the help of a reputable law firm or specialized service to ensure all legal requirements are met. Gate2v.com will help you in buying private car in Vietnam. Contact us now thought whatsapp: 0916545618
What does a foreigner’s motorcycle registration file in Vietnam include?
When a foreigner registers a motorcycle in Vietnam, the registration file typically includes the following documents:
Valid passport and visa
The foreigner must provide a copy of their valid passport and visa as proof of their identity and residency status in Vietnam.
Temporary or permanent resident card
The foreigner must provide a copy of their temporary or permanent resident card as proof of their legal residency in Vietnam.
Purchase invoice
The invoice shows the purchase price of the motorcycle and is necessary to calculate the registration fees and taxes.
Technical inspection certificate
This certificate confirms that the motorcycle has passed a technical inspection and is deemed roadworthy.
Motorbike registration certificate
This is the official document that proves ownership of the motorcycle and contains important information about the vehicle, including its make and model, engine and chassis number, and registration number.
Insurance
It’s mandatory to have a valid motorcycle insurance policy in Vietnam, so the foreigner must provide proof of insurance coverage.
Other documents
The registration file may also include other documents, such as a power of attorney if the foreigner is using an agent to register the motorcycle on their behalf.
Prerequisites Conditions on Bringing Your Own Vehicles to Vietnam
Instead of buying a car, foreigners can bring the car to Vietnam. If a foreigner does not want to buy a car in Vietnam but wants to bring a car through here, it is necessary to meet the following conditions:
Bringing your own vehicle to Vietnam as a foreigner can be a complex process, and the specific prerequisites and conditions will depend on the type of vehicle and the purpose of your visit. Here are some general prerequisites and conditions that you should consider:
Temporary import permit
To bring your own vehicle to Vietnam, you will need to obtain a temporary import permit from the Vietnamese customs authority. The permit is usually valid for a period of up to 30 days and can be extended under certain circumstances.
Vehicle type
Only certain types of vehicles are allowed to be imported into Vietnam. Generally, passenger cars, buses, and trucks must be under 5 years old, and motorcycles must be under 3 years old to be eligible for import. Other types of vehicles, such as trailers and RVs, may also be subject to additional restrictions.
Documentation
You will need to provide various documents to the customs authority when applying for a temporary import permit, including proof of ownership, registration, insurance, and a valid driver’s license. You may also need to provide additional documentation depending on the type of vehicle and the purpose of your visit.
Fees and taxes
You will be required to pay various fees and taxes to import your vehicle into Vietnam, including import duties, value-added tax (VAT), and other charges. These fees can vary depending on the type and value of the vehicle.
Additional requirements
Depending on the purpose of your visit, you may also need to obtain additional permits or licenses to operate your vehicle in Vietnam. For example, if you plan to use your vehicle for commercial purposes, you may need to obtain a separate business license or permit.
It’s important to note that the process of bringing your own vehicle to Vietnam can be complex and time-consuming, and it’s recommended that you work with a reputable law firm or specialized service to ensure that all legal requirements are met.
