| { |
Home Who We Are the Charter New Services Picture Gallery Video Links Contact Us I went to Vanuatu
vanuatu view
What is the club?
The Mission of the Club
Who Can Join?
What does a Member get for his/her Money?
How does the Club Use and Invest the Membership Fee?
Why Vanuatu?
The Concept of Our Land
How Do I Become a Landholder and Build my Vacation Home?
How was the Club Established and What is its Legal Basis?>
What are the Rights and Obligations of Membership?
What are the Committees and their Functions?
And if I Decide to Sell my Membership?
How do I Join?
Who Wants to Become a Member?
Application for Membership
  And if I Decide to Sell my Membership?
 
  • The membership fee is set at US$10,000 at the outset and then rising by US$500 with every new 50 memberships sold. This formula is to reflect that the value naturally rises with the size of the community and degree of development. Thus, the value of your membership is expected to rise (even before you build your vacation home).

  • Every Member is free to sell his/her membership at any time, so long as the purchaser meets the minimum requirements for membership (20 years of age or over, good character, not bankrupt, no criminal record). The Member may sell his/her membership at any agreed price. In some cases the Club may be able to assist in arranging a sale.

  • Sale of a membership means sale of the Member's right to his/her land in Vanuatu, together with the other privileges of membership. Thus, the new Member will acquire the Member's land in Vanuatu or (if the land has not yet been registered in the old Member's name) the right to receive land when committing to build a vacation home.

  • The Club must be kept advised of any sale of a membership, so that the new Member's rights are properly registered. A modest transfer fee will apply: US$1,000 where the land has already been formally registered in the Member's name; US$500 where the land is still held by Vanuatu-Japan Friendship Corporation.

  • Where a Member sells his/her membership (and no longer holds any additional memberships), he/she will not be entitled to re-join the Club later. This rule is to prevent the Club being used as a vehicle for repeated short-term speculation. Our goal is to build a long-term community of individuals committed to our mission.

Home Who We Are the Charter New Services Picture Gallery Video Links Press Contact Us