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The Permanent Residency Green Card issued by Vanuatu is one of the fastest in the world. Vanuatu takes a few days to issue the PR Green Card for individuals. Moreover, applicants don’t need to make any prior investment for the PR card.
The island country of Vanuatu is very tax-friendly for residents. Income tax, corporate tax, wealth, or inheritance tax are not levied on Permanent Residents of the country. The Vanuatu tax residency regulations make the country a hot spot for international companies and investors.
Invests an amount of $60,000 in a Vanuatu Investment and Promotion Authority (VIPA) approved project.
Minimum investment of USD 100,000 (Vt 11million) or more, the person is eligible to apply for the Vanuatu Land Owner Visa
Applicant needs to showcase that they earn USD 2,500 (Vt 250,000) per month. The amount incurs to 500,000 Vatu per month for families.
By investing in a real estate property worth USD 100,000 or by showing income proof of USD 2,500 per month, an individual can apply to obtain Permanent Resident Visa in Vanuatu. Although, after 10 years of living in Vanuatu, a permanent resident can also apply for Vanuatu citizenship as part of the naturalization process.
No, a Permanent Residence Visa and a Resident Visa are not the same. Generally, an applicant is issued a Resident Visa first and then a Permanent Residence Visa, as a second step.
Yes, a Residency Visa does expire. Generally, Residency Visa permits are valid for a period of two years and you need to renew it thereafter.