The scheme provides an opportunity for citizens of other countries to make Fiji their second home. The financial criteria under the scheme is the compulsory opening of a fixed deposit account of $ for participants over 50 years, and a fixed deposit account of $ for participants below 50 years. Interest income from these deposits is exempt from tax.
From the 3rd year onwards, a minimum of $ must be maintained in the account, participants of this scheme can use the funds expenses relating to house purchase, education and medical purposes. More details can be obtained from the RBF website. Through these various initiatives, the Bank hopes to encourage more activity in the tourism sector and help lift economic growth.