Notable Points For Buying Luxury Properties in Da Nang/ Luxury Properties in Hoi An

I. The condition of the Seller:

According to Vietnam law, requirement applied to organizations conducting real estate trading has an amount of legal capital of not less than VND 20 billion, excluding the following entities:

a) Any organization, household or individual who conducts small-scale or irregular transactions of real estate sale, transfer, lease, or lease purchase;

b) Any organization or individual providing real estate services prescribed in Chapter IV of the Law on real estate trading.

II. The condition of the Purchaser:

Foreign individual needs to have documents proving eligibility for owning houses in Viet Nam:

- Foreign individual must have an unexpired passport bearing the entry seal of the Vietnam’s immigration authority;

- Not given diplomatic immunity and privileges according to Ordinance on diplomatic immunity and privileges of diplomatic missions, consular offices, and representative authorities of international organizations in Vietnam.