Guide to Residency by Investment in Manufacturing Ventures in Vanuatu

Guide to Residency by Investment in Manufacturing Ventures in Vanuatu

Vanuatu, an archipelago of 83 islands located in the South Pacific, offers a Residency by Investment (RBI) program that provides foreign investors with the opportunity to obtain permanent residency in the country through investment in manufacturing ventures. This guide provides an in-depth overview of the program, its requirements, and the benefits it offers.

Program Overview

The Vanuatu Manufacturing Residency Program is designed to attract foreign investment and promote economic development in the country. Under this program, investors who establish or invest in an existing manufacturing venture in Vanuatu can apply for permanent residency for themselves and their immediate family members.

Eligibility Requirements

To be eligible for the Vanuatu Manufacturing Residency Program, applicants must meet the following requirements:

  • Be over 18 years of age
  • Have a clean criminal record
  • Be in good health
  • Invest a minimum of USD 500,000 in a manufacturing venture in Vanuatu

Investment Requirements

The investment must be made in a manufacturing venture that meets the following criteria:

  • Be registered with the Vanuatu Financial Services Commission (VFSC)
  • Have a valid business license
  • Engage in the production of goods in Vanuatu
  • Create at least 10 full-time jobs for Vanuatu citizens

Application Process

The application process for the Vanuatu Manufacturing Residency Program involves the following steps:

  1. Due Diligence: The applicant must undergo a comprehensive due diligence process to verify their identity, source of funds, and investment plan.
  2. Investment Agreement: The applicant must sign an investment agreement with the Vanuatu government, outlining the terms and conditions of their investment.
  3. Approval: The application is reviewed and approved by the Vanuatu Citizenship Commission.
  4. Issuance of Residency Permit: Upon approval, the applicant and their immediate family members are issued permanent residency permits.

Benefits of Vanuatu Residency

Obtaining permanent residency in Vanuatu through the Manufacturing Residency Program offers several benefits, including:

  • Visa-free Travel: Vanuatu passport holders enjoy visa-free travel to over 120 countries and territories.
  • Tax Advantages: Vanuatu has a territorial tax system, which means that income earned outside of the country is not subject to taxation.
  • Political and Economic Stability: Vanuatu is a stable and peaceful country with a growing economy.
  • Access to Healthcare and Education: Residents have access to free healthcare and education services.
  • Dual Citizenship: Vanuatu allows dual citizenship, so applicants can retain their original nationality while becoming Vanuatu residents.

Additional Considerations

  • Investment Risk: Investing in a manufacturing venture in Vanuatu involves some level of risk. Investors should carefully consider the potential returns and risks before making a decision.
  • Legal and Tax Advice: It is recommended to seek professional legal and tax advice to ensure compliance with all relevant laws and regulations.
  • Processing Time: The processing time for the Vanuatu Manufacturing Residency Program can vary depending on the complexity of the application.
  • Commitment to Vanuatu: Applicants must demonstrate a genuine commitment to residing in Vanuatu and contributing to the country’s economic development.

Conclusion

The Vanuatu Manufacturing Residency Program provides a unique opportunity for foreign investors to obtain permanent residency in a beautiful and stable country while contributing to its economic growth. By investing in a manufacturing venture that meets the program’s requirements, investors can secure a path to residency and enjoy the benefits it offers. However, it is important to carefully consider the investment risk and seek professional advice before proceeding with the application.