Requirements
1.
Passport or Vietnamese ID card of individual investor (Simple copy)
or
Passport or Vietnamese ID card of legal representative of corporate investor (Simple copy)
2.
Power of attorney from investor to legal representative (original)
The POA must include provisions authorising the representative to sign the office lease agreement on behalf of the investor
Legal justification
1.
Law No. 59/2005/QH11 on investment dated 29/11/2005 by National Assembly on Investment
Article 45.3.b;46.2.a.
2.
Law No. 60/2005/QH11 dated 25/12/2005 by the 11th National Assembly on enterprise
Article 21.2
3.
Civil Code No.33/2005/QH11 passed by the 11th National Assembly at its 10th session on 14/06/2005
articles 480, 492, 500.
Additional information
The monthly lease rate varies between VND 4 - 20 million, depending on size and location of the house. An advance payment for at least six month rent is expected.
Investor can sign an office lease contract with an office lessor enterprise. On the other hand, office lease contracts with individual lessors, if any, must be signed with the presence of a public notary. The latter situation is more popular in Binh Dinh.
