What important financial, accommodation, insurance or maintenance responsibilities apply?
The principal must hold major medical health insurance covering dependents living in Palau and must show adequate financial means to support them before issuance and annually thereafter. Each dependent visa costs a non-refundable $20,000 fee; for dependent children it may be prorated at $2,000 per year for periods under ten (10) years and over one (1) year, until the child reaches 21.
See recorded sources
- https://bcbp.pw/?page_id=165
For each such dependent visa, a non-refundable fee of twenty thousand dollars ($20,000) shall be paid to the National Treasury.
- https://bcbp.pw/?page_id=165
The twenty thousand dollars ($20,000) non-refundable fee for dependent children may be prorated at two thousand dollars ($2,000) per year for the period, or number of years, less than ten (10) years and more than one (1) year, until each dependent child reaches age twenty-one (21).
- https://bcbp.pw/?page_id=165
The non-citizen shall have major medical health insurance, covering himself or herself, and any dependents who will be living with the non-citizen in Palau, to prevent any medical costs being incurred by the Republic on behalf of the non-citizen or any of his or her dependents residing in the Republic of Palau.
- https://bcbp.pw/?page_id=165
An applicant for an elite resident visa must demonstrate to the Bureau, prior to the issuance of the elite resident visa and thereafter, annually, on the anniversary of such issuance, that he or she has adequate financial means with which to support himself or herself, and any of his or her dependents that shall reside in the Republic of Palau under his or her elite resident visa.