Showing posts with label #OverseasVietnamese. Show all posts
Showing posts with label #OverseasVietnamese. Show all posts

Saturday, November 23, 2024

When Overseas Vietnamese Buy Property: A Legal Adventure! 🏠


Etymology Corner 📚 

The word "proxy" (as in proxy ownership) comes from the Medieval Latin "procuratio" meaning "to care for." It evolved through Old French "procuracie" to become "proxy" in English. In the 15th century, it specifically meant "authority to act for another." How perfectly this describes our case today, where one person acted as a property proxy for another! Even nature has its own version of proxy relationships - like clownfish protecting sea anemones in exchange for shelter. In Vietnamese law, this concept is reflected in "người được ủy quyền" (authorized person) - a term that would become central to our story... 🎭



The Case in a Nutshell 🥜

Picture this: It's 1991, and we have a fascinating legal drama unfolding in Ninh Thuan Province, Vietnam. Our main characters? Let's call them:

  • The Overseas Couple: Mr. Pierre & Mrs. Rose 🇫🇷
  • The Trusted Niece: Ms. Trust 🇻🇳
  • The Original Owner: Mr. Seller 🏠

The Plot Thickens! 📖

Mr. Pierre and Mrs. Rose wanted to buy a house in Vietnam but faced a tiny problem - they couldn't legally own property as overseas Vietnamese back then! 😅 So they did what many people do: asked their niece (Ms. Trust) to be their "legal face" in Vietnam. They gave her 15 taels of gold 🏆 to buy the house.

Key Events Timeline:

  1. August 1991: Ms. Trust gets property ownership certificate
  2. September 1991: Power of attorney document signed
  3. 1999: Plot twist! Ms. Trust moves into the house 😱
  4. 2007: First court battle begins
  5. 2023: Final judgment delivered

The Legal Rollercoaster 🎢

First Instance Court Said:

  • House belongs to Mr. Pierre & Mrs. Rose ✅
  • Ms. Trust must return the property ⚖️
  • Original power of attorney? Canceled! 📄

Appeal Court Added:

  • Confirmed first instance judgment
  • BUT added compensation for Ms. Trust:
    • House maintenance costs: 12,014,000 VND
    • Service compensation: 713,166,450 VND

🤔 Did You Know?

  • Before 2015, overseas Vietnamese had limited property rights in Vietnam
  • Power of attorney agreements were commonly used as workarounds
  • Modern laws now allow overseas Vietnamese to own property directly

💡 Pro Tips:

  1. Always document financial transactions
  2. Get proper legal advice before property deals
  3. Keep all property-related papers safe
  4. Consider modern legal alternatives

Quick Quiz! 📝

  • Can overseas Vietnamese buy property in Vietnam now?
    • Answer: Yes! Since July 1, 2015, overseas Vietnamese can buy residential houses and land in Vietnam, according to the Law on Housing 2014 and Law on Real Estate Business 2014.
  • What was the main issue in this case?
    • Answer: The core issue was determining the true ownership of property purchased through a trusted representative (niece) using the overseas Vietnamese couple's money, and the subsequent compensation for the representative's services.
  • How much compensation did Ms. Trust receive?
    • Answer: Total compensation was 725,180,450 VND, consisting of:
      • 12,014,000 VND for house maintenance
      • 713,166,450 VND for service compensation
  • Call to Action 🗣️

    Have you experienced similar property issues? Share your story below! And remember, when in doubt, consult a legal professional!

    #VietnamLaw #PropertyRights #OverseasVietnamese #LegalCases #RealEstate

    ⚖️ Real legal case: the judgment number  380/2023/DS-PT, issued on June 22, 2023📜

    (Source: congbobanan.gov.vn)

    🚨 Fun But Serious: A Brief Legal Disclaimer 🚨 

    Property Trust Advisory: Read Before Delegating! 🏠

    Dear Property Trustee! 🔑

    Before entering any proxy arrangements:

    • Think of this article as a power of attorney - it shows possibilities, but you'll need professional counsel for your actual arrangement! 📄

    • Like every property has its deed, each proxy relationship needs its own legal framework 🏢

    • For your real estate trust matters, let our legal property team at Thay Diep & Associates structure your arrangement! 🤝

    Remember: Reading about proxy ownership is like studying a trust deed - informative, but it doesn't make you a certified property trustee! For your overseas property matters, let our international legal team secure your interests. 🌏

    Protecting your international assets, Your Legal Trust Team😉 

    #LegalInfo #NotLegalAdvice #ConsultAPro

    Monday, September 9, 2024

    🌏 Vietkieus Land Bonanza: 2024's Property Revolution! 🏠


    Etymology

    Property: From Old French "propriete", derived from Latin "proprietas", meaning "ownership". In 2024, it's about to mean "homecoming" for Việt kiều! 🏡



    In a Nutshell: The Great Vietnamese Property Parade of 2024! 🏞️

    Attention all Việt kiều! Vietnam is rolling out the red carpet on its property scene, and you're the VIP guests! From August 1, 2024, the doors to land ownership are swinging wide open. Let's explore this ground-breaking opportunity, Ngọc Prinny style!! 🚀

    The Headline: Overseas Vietnamese Get More Land Rights from 01/08/2024 📰

    Breaking News: It's time to stake your claim in the motherland! 🚩🇻🇳

    Who Can Join the Property Party? 🎉

    1. The Homeland Hunters:
      • 🛂 Vietnamese citizens abroad (passport still as red as ever)
      • 🌿 Vietnamese origin folks (different passport, same roots)
    2. The Real Estate Playground:
      • 🏘️ Residential project land (build your dream home!)
      • 🏠 Houses with land (instant home sweet home)
      • 🎁 Land gifts (because nothing says "I love you" like a plot of Vietnam)
      • 🏭 Industrial zone investments (for the business-minded property enthusiasts)

    What's New in the 2024 Land Law Cookbook? 📚

    • Old Recipe: Limited property options (like a restricted menu)
    • New Flavor: All-you-can-own property buffet! 🍽️

    The Not-So-Fine Print (We're Making It Easy!) 📜

    To claim your piece of Vietnam, you need:

    1. Entry Ticket: Legal permission to enter Vietnam (no parachuting in, please)
    2. ID Please: Valid passport or equivalent (Instagram profiles don't count)
    3. Heritage Card: Proof of Vietnamese origin (family stories welcome but documentation required)

    How to Claim Your Property 🏡

    1. In-Person Appearance: Physical presence required (holograms not yet accepted)
    2. Paper Chase: Prepare for some document acrobatics
    3. Patience is a Virtue: Good things come to those who wait (and file paperwork correctly)

    Your Trusted Partner in Property: Thủ Thiêm Notary Office 🏢

    When it comes to turning your property dreams into reality, you need a reliable co-pilot. Enter the Thủ Thiêm Notary Office - your one-stop shop for all things legal and land-related! 📋✅

    Why choose Thủ Thiêm Notary Office?

    • 🌟 Expertise in overseas Vietnamese property transactions
    • 🚀 Streamlined processes to get you property-ready faster
    • 🌍 Multilingual support for all you global Vietnamese

    Don't let legal jargon be your Kryptonite - let Thủ Thiêm Notary Office be your superhero cape in this property-tastic adventure!

    Remember: Home is Where the Heart (and Now Your Property) Is! 🏡❤️

    Owning property in Vietnam isn't just a transaction; it's a homecoming. It's about reconnecting with your roots, investing in your heritage, and finally having a place to store all those áo dài you've been collecting! 👘

    So, Việt kiều, are you ready to turn your ancestral connection into concrete reality? The land of the dragon is calling, and it's time to answer! 📞🐉


    🚨 Fun But Serious: A Brief Legal Disclaimer 🚨

    Hey there, legal explorer! 🕵️‍♂️ Before you go...

    • This article is like a map, not a teleporter 🗺️ It'll guide you, but won't zap your problems away!
    • Each legal journey is unique 🦄 Your mileage may vary!
    • For real-world quests, seek a professional legal wizard 🧙‍♂️ (May we suggest Thay Diep & Associates Law Firm?)

    Remember: Reading this doesn't make you a lawyer, just like watching "Top Gun" doesn't make you a pilot! ✈️😉

    #LegalInfo #NotLegalAdvice #ConsultAPro


    Hashtags: #VietKieuPropertyRush2024 #VietnamRealEstate #OverseasVietnamese #PropertyOwnership #ThuThiemNotary

    Friday, January 26, 2024

    🌏 Vietkieus and Citizen Identity Cards: A Global Identity Crisis? 🇻🇳

     

    Etymology

    Việt kiều: From "Việt" (Vietnamese) and "kiều" (overseas). It's like saying "Vietnamese abroad" - because sometimes, home is where the phở is! 🍜



    In a Nutshell: Can Overseas Vietnamese Get a Piece of the ID Pie? 🥧

    Are you a Vietnamese globetrotter wondering if you can still get your hands on that shiny new Citizen Identity Card? Let's unravel this international identity puzzle! 🧩

    The Big Question: Can Overseas Vietnamese Get a Citizen Identity Card? 🤔

    Spoiler Alert: Yes, but with a twist! It's not just about being Vietnamese; it's about being the right kind of Vietnamese. Let's break it downNgọc Prinny style:

    1. You're in if:
      • 🇻🇳 You're a Vietnamese citizen living abroad (Easy peasy, lemon squeezy!)
      • 🌱 You're of Vietnamese origin, still holding onto that Vietnamese citizenship (Roots matter!)
      • 🎂 You're 14 or older (Time to adult!)
    2. You might be in if:
      • 👶 You're under 14 but feeling extra patriotic (Early bird gets the ID!)
    3. You're out if:
      • 🚫 You've renounced your Vietnamese citizenship (No take-backsies!)

    How to Get Your Hands on That Sweet, Sweet ID 🍭

    1. For the 14+ crowd:
      • 🖥️ Get your info checked in the national database
      • 📸 Smile for the camera (and fingerprint scanner, and eye scanner...)
      • ✍️ Sign on the dotted line
      • 🎫 Get your "golden ticket" (appointment slip)
      • 🚚 Wait for delivery or pick it up (your choice, your adventure!)
    2. For the tiny citizens (under 14):
      • 👨‍👩‍👧‍👦 Bring a grown-up (they do the heavy lifting)
      • 🖥️ Apply online or in person (tech-savvy toddlers, unite!)
      • 📸 Photo shoot time (6 and up only - sorry, babies!)

    But Wait, What About My Address? 🏠

    No Vietnamese address? No problem! Here's the lowdown:

    • 🏡 Got a permanent address in Vietnam? That's going on the card.
    • 🏨 Only have a temporary address? That'll do!
    • 🌍 Living your best life abroad? Your foreign address gets the spotlight (in Vietnamese, of course - let's keep it spicy!)

    Remember: Identity Knows No Borders! 🌈

    Whether you're slurping phở in Hanoi or sipping coffee in New York, your Vietnamese identity is just a card away. It's like having a piece of Vietnam in your wallet! 🇻🇳❤️


    🚨 Fun But Serious: A Brief Legal Disclaimer 🚨

    Hey there, legal explorer! 🕵️‍♂️ Before you go...

    • This article is like a map, not a teleporter 🗺️ It'll guide you, but won't zap your problems away!
    • Each legal journey is unique 🦄 Your mileage may vary!
    • For real-world quests, seek a professional legal wizard 🧙‍♂️ (May we suggest Thay Diep & Associates Law Firm?)

    Remember: Reading this doesn't make you a lawyer, just like watching "Top Gun" doesn't make you a pilot! ✈️😉

    #LegalInfo #NotLegalAdvice #ConsultAPro

    Hashtags: #VietKieu #CitizenIdentityCard #OverseasVietnamese #VietnameseID #GlobalVietnamese

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