To mitigate the impact of the COVID-19 pandemic, many countries have introduced various measures to stimulate the economy and ensure livelihoods. Vanuatu, known as the "Pearl of the South Pacific," has implemented a heartwarming initiative: cash payments to its citizens! The Vanuatu government provides each employee with a maximum of 30,000 Vatu (approximately 1,850 RMB) per month for four consecutive months!
According to a report by the Daily Mail: Recently, the Vanuatu government announced a significant economic stimulus plan, with the first phase of the stimulus plan valued at approximately 4 billion Vatu, accounting for about 4% of GDP. The Vanuatu government stated in an official announcement that it is fully committed to supporting the country's economic development during the COVID-19 pandemic, with the goal of ensuring the safety, employment, and operational continuity of businesses!
The stimulus plan mainly focuses on reducing national tax revenue and providing additional subsidies for employment and businesses.
In terms of reducing national tax revenue, the main measures include:
● Deferring certain taxes and fees in 2020 to reduce business costs and provide much-needed cash flow to maintain operations. This includes road tax, work permit fees, business license fees (excluding commercial banks), residence permit fees, and rental taxes;
● Reducing the tax on commercial banks from 7% to 5%, encouraging lower interest rates, fees, and charges, and improving the efficiency of the banking sector;
● Eliminating the requirement for zero-rated or exempt VAT sales to pay turnover tax, helping financial, insurance entities, and other businesses better provide international services;
● Reforming business licenses, with refunds for those who have already paid business tax, license fees, and handling fees.
In terms of employment and business subsidies, additional expenditure measures have been introduced in the form of employment and business subsidies as part of the stimulus plan. These measures include:
● Supporting employment through a stabilization employment fund, providing up to 30,000 Vatu (approximately 1,850 RMB) per month to each employee's payroll for four months;
● Employers who can continue to employ their staff will receive an additional reward—15% of the wage reimbursement;
● Small and medium-sized enterprises with an annual turnover of less than 200 million Vatu will receive additional payments equivalent to the value of their annual business license fees;
● The government will also provide assistance and convenience to the production sector, transportation sector, and markets such as Port Vila through other subsidies.
The pandemic is ruthless, but humanity prevails! The Vanuatu government prioritizes the well-being of its citizens, fully demonstrating love and warmth, which may be one of the reasons why many investors have chosen to immigrate to Vanuatu in recent years!
As a well-known tourist destination, Vanuatu is located close to Australia and New Zealand, with beautiful natural scenery and a pleasant climate. It has been rated as "the happiest country in the world" by the British New Economic Foundation, making it an ideal place for investment, residence, and retirement! According to data released by the World Health Organization (WHO), Vanuatu is currently one of the few countries with zero infections among the 193 member states of the United Nations! As of May 8, there have been no confirmed COVID-19 cases reported in Vanuatu, according to the Vanuatu Ministry of Health's official website!
Currently, the happy country of Vanuatu, with zero infections, offers a development plan investment citizenship program that provides excellent opportunities for health planning and identity planning for immigrant investors! The Vanuatu development plan investment citizenship program features fast approval, relaxed background checks, expected passport issuance within 6-8 weeks, one application covering three generations, visa-free or visa-on-arrival access to nearly 130 countries and regions, and tax incentives, making it a popular project that has attracted significant attention from investors!
Major Good News:
To celebrate the establishment of the new Vanuatu government and to thank our old and new clients for their continued attention and support, the Vanuatu development plan investment citizenship program is launching a limited-time promotion. From May 1 to 31, signing a contract will entitle you to significant discounts! The event is currently in full swing, with many surprises not to be missed!
As a proactive promoter of the Commonwealth country investment citizenship program, the WorldWay Immigration Group has maintained a good relationship of trust, interaction, and cooperation with the Vanuatu government.
2020 is the year of health planning! Health planning, identity first! Currently, starting from $80,000, you can apply for a Vanuatu passport for your entire family and become a citizen of a Commonwealth country, starting an international life! Now subscribe to the Vanuatu government's development plan investment citizenship program open to global investors, in addition to enjoying the above benefits, you can also save about $20,000, first come, first served! For details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
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* The above information is for reference only and should not be used as an investment basis. Investment carries risks; please choose carefully.*