What is the difference between 50-year long-term lease agreement and 50-year sales and purchase agreement in Vietnam?

When you are a foreigner investor real estate in Vietnam, you need to understand the types of contracts you will sign.

2 types:

•  50-year long-term lease agreement (LTL)
•  50 year sales and purchase agreement ( SPA)

I. If you sign a long-term 50-year lease, you will first sign the following:

•  50-year long-term lease deposit agreement
•  50-year long-term lease agreement

After signing a 50-year long-term lease, you could transfer back to foreigners. This contract is still a 50-year lease was deducted leasing timing or transfer to Vietnamese at any time. The Vietnamese can ownership freehold. However, you will take note that you should transfer before terminate the leasing agreement.

You need bring some documents as: Pass port coppy and coppy of unexpired passport bearing entry seal of Vietnam 's immigration authority.

II.If you sign a long-term sales contract for 50 years, you will first sign the following:

•  Deposit agreement

•  Sales and purchase agreement

After signing the SPA, you can transfer to another foreigner or a Vietnamese.

You need some documents: Pass port and coppy of unexpired passport bearing entry seal of Vietnam 's immigration authority.

III.If you cooperate with other partner ( who is not married ) under two name foreigners without a spousal relationship.

You should not do it.

Because the administrative procedures are very complicated, it is best solution is under 1 name contract.

The relevant laws between the two countries are also complicated.

IV. If you sign a sales purchase agreement between a spouse.

You are all foreigner and of course you will own the foreign quota. You resell to foreigners or Vietnamese.

V.  If you sign a sales purchase agreement between the couple:

1 person is foreign and 1 person is Vietnamese, then it is Vietnam quota. You can only resell to Vietnamese who own it.