All foreign investors must still comply with the requirements of the:
- Immigration Act
- Labour (Work Permits) Act
- Business Licences Act
- Registration of Company Act
- Other laws of Vanuatu that requires the granting of a permit, licence or other approval (however described) before undertaking the activity involved in the investment proposal.
Entitlements
Each foreign investor is entitled to residence work permits for at least 2 positions requiring professional, technical or managerial expertise. If the foreign investor wishes to renew a residence permit or work permit, he or she must apply under the Immigration (residence permits) Act or Labour (Work Permits) Act. It should be noted that a foreign investor who wishes to reside in Vanuatu would require a Residence Permit. While this permit allows residency in Vanuatu and the rights and protection under the Constitution of Vanuatu, it does not allow any foreigner to take part in any political activity whilst in the country.Obligations
Once issued with an Approval Certificate by VIPA, the foreign investor is obligated to train Vanuatu citizens; and to obtain permits, licences or other government approvals (however described) under other laws not listed here.Prohibited Investments and Reserved Occupations
The following document contains the latest list of reserved investments and occupations. These businesses and roles are reserved for citizens of Vanuatu. For any clarification on the contents of this document, please speak contact us.
Download [Microsoft© Office Word© Format]:
