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1   Real Estate Option Program (REO Program)

 

The REO Program is an initiative of the Vanuatu Government to encourage investment in tourism infrastructure in Vanuatu. 

 

An applicant under this program qualifies for citizenship and passports by purchasing a qualifying property in a Vanuatu Government Approved Project ("VGAP") and by paying the relevant government and processing fees.

 

A qualifying property for the purposes of the REO Program is a condominium or villa in a VGAP that will be available for tourism accommodation purposes.

 

2 What is a Qualifying Property?

 

The Vanuatu Government have designated 4 projects as VGAP for the purposes of the REO Program.

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The four designated VGAP projects are

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  • “Pacific Springs” situated at Rentabao on the island of Efate;

  • “Narpow Point Coral Bay” situated at Narpow Point on the island of Efate;

  • “FPF Rainbow City Project” situated at Narpow Point on the island of Efate;

  • “Milai” situated on the island of Espiritu Santo.

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A property purchased from the developer of any of these projects is a qualifying property and will satisfy the requirements under the REO Program.

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3 How much does the Program cost?

 

The Minimum Sale Price for the qualifying property under the REO Program is USD $200,000.00.   Each VGAP may have more expensive options for applicants to suit their needs.

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Applicants may acquire a 25% interest as tenant in common in a qualifying property for USD$100,000.00.

 

4 What does an applicant receive under the REO Program?

 

Under the REO Program the applicant will receive upon payment of the Purchase Price and the Government fees:

 

1 A lot in a strata plan in a tourism resort in Vanuatu  (A tenant in common applicant will only receive a 25% interest in the Lot;

 

2  Citizenships/Passports for the applicant, the Applicant’s spouse and two children under 18; 

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4 How long does it take to obtain Citizenship/Passport?

 

Under the REO Program the citizenship and passports can be obtained within 1 month of the complete application being submitted.

 

5 When will I get my passports?

 

You will get your passports as soon as you pay the full amount under the RE0 Program after your application has been approved by the Vanuatu Citizenship Commission.  

 

Passports can be obtained in approximately one month from the time that a completed application is lodged provided that all supporting documentation is in order and approved by the Commission.

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