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Global mobility services

Vietnamese authorities address expat residency in mergers’

The Ministry of Public Security issued Official Letter No. 3341/BCAV03 dated 5 November 2019 to provide guidance on temporary residence cards for foreign workers in case of enterprise merger.

According to the Ministry of Public Security, the merger of the Company will lead to a change in employer and the guarantee Company to issue temporary residence cards for foreign workers at the merged Company. Therefore, after the merger, the merged company must re-apply for a work permit and issue a temporary residence card for foreigners. Foreign workers are not required to leave the country because their purpose of entry and residence has not changed.

If you would like to know more, the full January 2020 tax update from Grant Thornton Vietnam is avaialable in EnglishVietnamese and Japanese.

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