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How can i retire in vietnam - xch

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Non-residents only pay taxes on income sourced in Vietnam. If you retirement savings, pension, or social security is from the US, no taxes are due. Taxes for expats get more complicated if you stay longer than days.

Being an expat may help you save money on your taxes. Talk to a tax professional to see how tax residency applies to you. I partnered with a firm specializing in expat taxes to secure a special deal for Nomadic FIRE readers. Even better, use their experts to prepare your tax return, and the entire consultation is FREE. Partner with a certified international moving expert to ensure competitive rates and no hidden fees. To help first-time expats avoid embarrassment or, worse, potentially insulting your host country, I have compiled a FREE list of Cultural Etiquette and Customs for expats moving to Vietnam.

If you are from the US, you need a valid visa. Unless you plan on working or studying, you will be applying for a Tourist Visa. You have three options for a short-term visa:. The Department of Immigration has stopped issuing long-term visas. For retirees, your visa options are the ones listed above, unless you have Vietnamese family or use the Visa By Investment process below. American citizens can apply at an Embassy or Consulate responsible for your jurisdiction:.

Tan Son Nhat Airport is jammed packed during busy season. Image Source. The visa fees for Vietnam are as follows:. Immigration does not accept credit or debit cards.

I still recommend bringing USD. The previously mentioned long lines apply to the ATM. Plus, foreign ATMs don't always accept your debit card, can breakdown, or run out of cash. Just bring USD and avoid the hassles.

Yes, you can extend a one month visa for another month. Extensions of one or three months are only available for three-month visas. Plan to be without your passport for five to seven working days while your extension is processed. You can manage the visa extension yourself, but many agencies can do this service for you.

Shop around for the best price. Watch out for the Vietnamese holidays. Your visa expires on the day it expires, regardless if that day is a National holiday. The Department of Immigration is known to close for multiple days during holidays.

Paying for a holiday rush surcharge can double the price of your extension. If your extension is for three months and you leave the country, the extension is canceled. It is not unheard of for your extension to only be approved for one month, even if you applied for three months. There is sometimes no rhyme or reason given; it just is what it is. Don't get too frustrated, because there is nothing you can do about it. If it happens, pop over the border for a visa run Malaysia or Thailand if you want to fly or Cambodia or Laos via land transportation.

Here is the bad news. Vietnam doesn't have a simple retiree visa like the Philippines. Vietnam doesn't even have a stupid expensive retirement long-term visa option like Thailand. Did you know how you hold your chopsticks can be considered extremely rude in Vietnam? Vietnam offers an investment visa for foreigners DT looking to establish a company in the country. I do not have all the details on the DT visa. The Investment visa is for genuine businesses looking to operate in Vietnam.

This visa is not appropriate for side hustles, digital nomads, or freelancers. Opening up a company here is not a simple process; in addition to the substantial investment, it requires legal costs, fees, and hiring local staff. The Visa by Investment is not a simple visa scheme like in Montenegro or Estonia that you apply as a work-around for a long-term stay visa.

If you are looking to establish a business, drop me an email, and put you in touch with my local contacts. But given the complexity and cost, I am not considering residency through company establishment a reasonable way to retire in Vietnam.

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Many retirees choose to live in beach towns such as Nha Trang or Da Nang. Overall, the cost of housing in Vietnam is significantly lower than in the United States.

In Vietnam, only Vietnamese people can purchase a property. This is because Vietnam is a communist country and the land is all owned by the state. A foreigner can buy a year lease on an apartment or home. With this lease, the buyer gets all rights to the apartment and can renew after 50 years. If the building that the apartment is in has to be sold, the buyer will get a portion of the proceeds. While the United States government does not have any restrictions to visiting Vietnam, there are a few things that you may want to consider before moving there.

To dig into the subject of the spending an costs, you can find our article about costs and budget to really know exactly how much you need to retire in Vietnam. The beautiful landscapes : this country is very diverse : from countryside landscape, paradise beaches to wild islands.

You can find mountains and oceans within a couple of hours of traveling. Even when you live in big cities such as Hanoi and Ho Chi Minh, you can still expect to have patches of greenery and fresh air.

The friendliness of locals : this country bears a particular charm especially because of the hospitality of the Vietnamese people. Culture: Vietnam has a very rich and diverse culture. The culture in the north and south of Vietnam are not exactly the same and discovering this will be a great pleasure.

What are the Disadvantages of Retiring in Vietnam? Key Things You Must Do and Keep in Mind to Retire in Vietnam If your mind is made up about traveling to this South-East Asia country and spending your retirement there, you must make some necessary steps before you leave your country. Vaccinations : for foreigners, Vietnam does not require any vaccinations to enter the country so it is not mandatory that you do it. But as a precaution, it is best to go to the Vietnamese embassy in your country to check what kind of vaccines they suggest for you since there are some high-risk regions.

Although the Vietnamese government does not have requirements, your home country might. A rabies vaccine is also recommended for rural areas. Carrying your luggage in Vietnam : If you are planning to move all of your belongings to Vietnam, it is best to send your luggage via a shipping company rather than taking it on your flight.

It might take up to eight weeks for your parcel to arrive so sending it a few weeks before you leave your home country. To guarantee the safety and reliability of the services, the authorities advise using the services of professionals with an NF service or ISO certificate. You should also note that you may be asked to declare any shipment which will arrive after you upon its arrival.

Health insurance in Vietnam : your goal is to spend your retirement days worry-free and filled with enjoyment so you must take the necessary precautions. Therefore, purchasing reliable health insurance should be at the top of your list. In fact, countries that have social security insurance for their citizens will only have them covered for up to three months.

In order to avoid any unwanted medical expenses, you may purchase an insurance package from a private company. This is also available in Vietnam. You should also check the foreign policy of your government since some countries offer their citizens living abroad special insurance. Registration : This step may differ from country to country.

Although you are not required to do this, it is still best to register in your embassy or consulate in order to get certain benefits. If you are not close to any consulate or embassy many countries actually have an online registration procedure. You may check on your Foreign Affairs website for more details on your specific country. Click here to get our ebook and learn how to prepare your retirement Getting a visa in How to Retire in Vietnam?

Below are the requirements in order to secure your Visa: A valid legal passport; Visa application forms from the Vietnam Embassy; Recent identity photos in 4 x 6 cm format; and Visa fees Short term visa : single and multi entry to Vietnam The easiest way foreigners are living in Vietnam including retired expat spending their time yearly there is to deal with short term Visa from 3 months to 6 months.

The process is usually as follows : Get in touch with a Visa agency that will provide you an invitation letter matching the date you would like to stay. Download your free copy of our book to know which Visa company we personnaly recommend to avoid scammers. Doing a Visa run going out of the country up to Cambodia, Laos or Thailand to renew your visa. The goal is to enter in the Vietnam territory at the specified date of your invitation letter.

At the immigration office in the Airport, you will get a new Visa that will allows to stay in Vietnam by paying the stamp fee. Permanent retirement visa in and through a company creation In , there is a way to get a permanent residency permit that allows foreigners to live in Vietnam from one to three years. Having a running company in Vietnam will allows you : Open a business hotel, restaurant, guesthouse … if you want to contribute to the society and spend time during your retirement in Vietnam.

Obtain a permanent residency permit that you can use as a permanent replacement of the usual visa. Taxes in Vietnam According to your situation nationality, residency, income source , different schema will be applied. French Citizens Vietnam and France have signed a bilateral agreement which lets French expatriates pay taxes only when they become residents in Vietnam.

Click here to download the step-by-step retirement book Retiring in Vietnam: How to Benefit from your Retirement by Living in Vietnam Vietnam is the place to retire. For French Citizens To be able to benefit from your retirement pension while being outside the French territory, certain conditions must be met.

We will approach the issue on a case by case basis: Countries Without Bilateral Convention When the country has no bilateral agreement with France, pensions are treated independently of each other.

For Other Nationalities Receiving your pension while living abroad should not be an issue in most countries. Is Vietnam the perfect country?


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