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25.01.2022 The Vanuatu Development Support Programme (DSP) The Development Support Programme (DSP) of Vanuatu was initially proposed in early 2016 and fully adopted by the Government of Vanuatu in April 2017. The objective of the Plan is to create local jobs, stimulate the economy, and keep the national budget balanced.

22.01.2022 Advantages of Vanuatu Citizenship A Vanuatu passport allows visa-free entry to more that 100+ countries including all European Union countries, the United Kingdom, Ireland, and Russia. Citizens of Vanuatu are permitted to apply for Australian Visitor Visa (subclass 600) and U.S. Tourist Visa, amongst others. Family friendly citizenship programme: the successful application covers a family of four (main applicant, spouse, and one child under 18 years) with only nominal fees fo...r additional dependents. The Republic of Vanuatu imposes no income, wealth, and inheritance taxes. Absence of tax treaty exchange and guaranteed bank and commercial privacy in the highly developed Vanuatu Banking sector (Vanuatu is the Bahamas of the Pacific but without tax exchange treaties in place with most countries). No residency requirements for successful applicants. See more

18.01.2022 GOVERNMENT APPROVES TAX REFORM PLAN Aug 17, 2016 0 Facebook Twitter Email... Facebook Twitter Email Print Save The Government through the Council of Ministers (COM) at its meeting of August 8, 2016, has agreed that Vanuatu will consider the introduction of personal and corporate income tax. This is confirmed by the COM Decision 143 of 2016, the Government announced today. Earlier this year the Government announced its intention to reform the taxation system by reviewing the existing taxes, non-tax revenues and as well as the modernisation of the Department of Customs and Inland Revenue. The review aimed to make the taxes more efficient and effective and also to explore the possibility of introducing new taxes to meet the growing demands for service delivery. The exercise took into account the modelling of various options including increasing VAT and Excise and concluded that personal income and corporate tax is the best option as it will produce the most viable outcome and less likely to impact low income earners.

08.01.2022 VANUATU CITIZENSHIP JAN 5, 2019ADMINVANUATU CITIZENSHIP Vanuatu is a Pacific island country, located in the South Pacific Ocean. Spread across 12, 189 sq. Kms, Vanuatu has a total population of 270,402 as on December 2016. The official currency of Vanuatu is Vanuatu vatu (VUV) with a GDP of 723 million USD. The exchange value of 1 USD is 108 Vanuatu vatu. The four mainstays of the economy in this Island are agriculture, offshore financial services, tourism and raising cattle.... There is also substantial fishing activity, which does not bring in much foreign exchange. The exports include beef, kava, cocoa, copra and timber, and imports include foodstuffs and fuel, machinery and equipment. Key Benets of Vanuatu Citizenship Visa-free travel to 125 countries UK & whole of Europe, Russia, Hong Kong, Singapore British Commonwealth Territory The only Citizenship by Investment (CBI) program of its kind in the Asia Pacic Hemisphere Tax-free country (other than the indirect taxes of VAT and Customs) International o-shore nance center since 1972. International Banks present such as ANZ Bank, Bred Bank, BSP (Bank of South Pacic) Simple company and bank account formation procedures Investment details Single Applicant US$ 160,000 Main Applicant + Spouse US$ 185,000 Main Applicant + Spouse + 1 Child US$ 200,000 Main Applicant + Spouse + 2 Children US$ 220,000 Additional Dependent US$ 25,000 Government Approved Lawyer’s Fee US$ 10,000 (*Note: Family members mean spouse, children below age18, dependent children to age25, and dependent parents). *Additional Government, Facilitation, Consultation Fee is applicable, Please Contact us for details Development Support Program (DSP) The Development Support Program (DSP) of Vanuatu was initially proposed in early 2016 and fully adopted by the Government of Vanuatu in April 2017. The objective of the Plan is to create local jobs, stimulate the economy, and keep the national budget balanced. The Vanuatu Development Support Program (DSP) is a new citizenship scheme, launched in 2017 to replace all previous Citizenship Programs previously run by the Vanuatu Government, such as the Vanuatu Economic Rehabilitation Program (VERP), or Capital Investment Immigration Plan (CIIP).The primary dierence between the DSP and previous Programs is the favourable cost structure, with a ‘at-fee’ cost of full Honorary Citizenship being US$280K for up to four family members. Fees for DPS are paid direct to the Vanuatu Government via the Government appointed Legal Counsel, and not to any intermediary or agent. This mechanism is to provide applicants with full condence in the probity and integrity of the Program.

04.01.2022 Tourism boost in Torba By Anita Roberts Jul 1, 2015 0 Facebook Twitter Email... Facebook Twitter Email Print Save Tourism in Torba has been very hard to promote in the past. Relatively small, isolated and less frequently visited by visitors than any other provinces, the northern Banks and Torres Islands remains one of Vanuatu’s mysteries. The people from Torba have unique culture more similar to those of Rennell and Bellona people of the Solomon Islands. The islands of Torba are a pleasant escape with distinctive attractions. One year after the Australian Government funded TVET (Technical and Vocational Education Training) Centre established at Vanua Lava, tourism has increased significantly. Just recently, seven Island bungalows on the island of Motalav and Rah have been launched ready to market. These bungalows can accommodate over 30 quests per week. Happiness Bungalows, Motalava Gateway Lodge, Totolag Homestay, Sunset Bungalows, Dori Lagoon Beach Bungalows, Rah Beach Bungalows and Rah Paradise Bungalow are now ready for tourists after meeting all the minimum standards set by the DoT which are:have a valid business licence, a running water, proper sanitation facilities, standard room size and be member of a tourism association. According to the Department of Tourism (DoT) Principal Accreditation Officer, Jerry Spooner, a few of these products exceeded the required minimum standards. Spooner applauded TVET for the great work done. The Vanuatu Tourism Office finds it very hard to promote tourism in Torba due to poor quality product standard as well as accessibility to booking, he said. TVET has only been operational for just over a year but the work done there was obviously substantial.The government recognizes the need to establish the accreditation system to address the quality of services provided by tourism operators. Through the TVET program initiative, these bungalows will be marketed overseas through the Sanma Information and Call Centre. The process of developing new products for new markets, standards and quality of the Islands’ tourism product are done collaboratively with the DoT.A two-day celebration was organized to celebrate the achievements witnessed the launching of a new tour, authentic custom dances, shell money making and other traditional skills displays that is set to increase the number of visitors to Torba. Local chiefs remarked they were happy to see that through community- based tourism, communities are able to preserve and pass on traditional culture.

01.01.2022 There are an increasing amount of second residency and second citizenship programs on the market, and as I often say, the most heavily promoted options are often not the best. While Panama and Paraguay claim to offer turnkey solutions for westerners seeking a second passport, they are not the best solution for everyone.