Sunday, May 17, 2015

Vanuatu's Capital Investment Immigration Plan (CIIP) enters Chinese market

Over 120 migraiton agents gathered in Shenzhen along with officials from the Republic of Vanuatu to launch Vanuatu's Capital Investment Immigration Plan (CIIP) in China May 16, 2015. To qualify for the program, the applicant must invest $260,000 and has to pay $20,000 marketing fee to the Vanuatu Registry Services Ltd, and has to pay also $5,000 for the Vanuatu residence permit.

The former president of Vanuatu, Ati Georges Sokomanu, has warned the government on its Capital Investment Immigration Plan to make Chinese nationals Vanuatu citizens.
Mr Sokomanu says he is surprised the government did not check the laws of China, which does not recognize dual citizenship, before it approved the CIIP Act last year.
The Republic of Vanuatu is a South Pacific Ocean nation with over 252,000 residents, made up of roughly 80 islands that stretch 1,300 kilometers.

No comments: