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Pacific Islands Development Program, East-West Center

With Support From Center for Pacific Islands Studies, University of Hawai‘i


Vanuatu Earns Millions Selling Permanent Residency To Chinese
Commission reveals 1,400 received residency under scheme

WELLINGTON, New Zealand (Radio New Zealand International, Feb. 18, 2013) – Reports from Vanuatu says the government has earned over 400 million vatu or 4 point 3 million US dollars through the Permanent Residence Visa scheme which it recently launched in Hong Kong.

The legal advisor to the Vanuatu Financial Service Commission, John Stephen, says the scheme earns the government more than 3 thousand US dollars from each successful applicant.

Mr Stephen says the Commission has given nearly 1400 wealthy Chinese the permanent residence visas.

He says the Chinese don’t intend to reside in Vanuatu but the visa status allows them to enter the Hong Kong government’s Capital Investment Entrance Scheme which is required for settlement there.

Mr Stephen says the visa applicants also need to register a business as a Vanuatu international company - another scheme he says has earned substantial income for the government.

Radio New Zealand International: www.rnzi.com
Copyright 2013 RNZI. All Rights Reserved


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