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Residency
permits may be granted to investors, retirees and employees.
Persons
who wish to reside in Vanuatu without engaging in business or employment may
also qualify for residence, provided they will be investing funds in Vanuatu and
they can support themselves during their
residence period.
|
Level of Investment
|
Length of permit
granted
|
| US$885,000 |
15 years |
| US$442,500 |
10 years |
| US$221,500 |
5 years |
| US$132,750 |
3 years |
| US$ 44,250 |
1 year |
| |
|
Retirees intending to reside in Vanuatu must provide
proof to the Department of Immigration that they are earning income of VT300,000
per month (approximately US$2,700) to support themselves.
The
amounts in USD quoted above are indicative only and may vary depending on the
exchange rates in use on the day.
Persons who intend to be self employed and engaged in a
business must apply to the Vanuatu Investment Promotion Authority and if approved will qualify
for a residency permit.
Persons who are required to reside in Vanuatu for
employment purposes may qualify for a residency permit of one-year duration,
renewable annually. A work permit in respect of such persons must also be
obtained and is only available for certain occupations where there are not
enough qualified Ni-Vanuatu available.
The following documentation is required when applying
for a Residence Permit:
- An immigration application form
- A repatriation bond must be lodged with a local bank
- A police clearance
- Two passport photographs
- A copy of the applicant's birth certificate
- A copy of the applicant's passport
- A copy of the applicant's marriage certificate
- If applicable, a copy of the applicant's divorce certificate
- A medical certificate confirming the applicant's fitness and good health
The current fees payable to the Department
of Immigration for Residency Permits are:
|
Length of permit granted |
Vt |
Approximate USD equivalent |
| 1 year |
40,000 |
360 |
| 3 years |
110,000 |
975 |
| 5 years |
180,000 |
1,600 |
BDO Barrett & Partners can prepare and submit the
applications required for all permits and licenses on your behalf. We
understand the workings of each of the different departments and have
developed a close and mutually beneficial working relationship with the
Government to ensure a painless and speedy application process.
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