Property Purchase & Sale

Foreign individuals may own apartments and houses in Vietnam, but subject to conditions — the project must be eligible, the building has a foreign ownership quota, and the ownership term is limited and renewable rather than indefinite.

Wise Counsel advises foreign buyers on what they may own, verifies the legal position of the property and guides the transaction to certificate issuance.

What we help with

• Advising on what foreign individuals may and may not own in Vietnam
• Checking whether the project is eligible for foreign ownership
• Checking the remaining foreign ownership quota in the building
• Advising on the ownership term and the renewal position
• Reviewing the deposit agreement and the sale and purchase contract
• Advising on payment through the correct account and foreign exchange rules
• Managing notarisation, taxes and the certificate application
• Advising on resale, leasing out and taking the proceeds abroad

Pay through the correct banking channel from the outset. If the money cannot be traced to a lawful inbound transfer, taking the sale proceeds out of Vietnam later becomes difficult.