Get Vanuatu Citizenship Through investment
Where is Vanuatu?
Vanuatu Citizenship – It will not be wrong to say that Vanuatu is in the middle of nothing. Vanuatu is a remote and secluded country in the South Pacific Ocean. Nearest countries from Vanuatu are Australia and Fiji. The country is made up of 80 islands. To add to its profile are pristine turquoise waters. Another key feature is active volcanic mountains, not dangerous though. Rather these volcanoes further add to its beauty and natural scenes. So, remoteness and serene beauty are what make Vanuatu a country on the bucket list.
How to become Citizen of Vanuatu?
What is Citizenship by Investment?
Before we discuss all the documents and procedures of citizenship, let us; enlighten ourselves with what is citizenship by investment programs.
Many countries around the world have designed CBI programs. The main feature of Citizenship by Investment program is that people can buy a second passport. What does it mean? It means that by investing as per government guidelines one can become a full citizen of another country.
Why governments craft such programs? These programs exist for various reasons. Governments create another stream of income from these programs, as well as they, are able to attract financially stable individuals to their country. Moreover, these programs help create more jobs and new funds.
Usually, Citizenship by Investment programs allows one option or multiple options of investment. In short, here is what it takes to buy a second passport.
- Make a donation to a government fund
- Purchase real estate
- Purchase government bonds or other financial instruments
- Set up and run a business and employ locals
Amounts to pay in these programs vary as per country. In short, each CBI program has its own demand of amounts to giving against second citizenship.
How the Second Passport is Beneficial?
Undoubtedly, dual citizenship serves as both an insurance policy and a method of unlocking new opportunities. Furthermore, dual citizenship can also open up other doors for you, such as easier access to overseas markets. In particular, citizenship also gives you an exit strategy if your home country tightens its tax regulations. On the positive side, dual citizenship, therefore, serves as an insurance policy for your tax plan. Significantly, a second passport gives you the freedom to travel visa-free. Indeed, dual citizenship can provide new business and investment opportunities.
One of the most obvious benefits of getting dual citizenship is that citizenship gives you guaranteed residence in that country. If you have citizenship in a particular country, then you have the freedom to live there as you choose. You don’t need to fuss with residency requirements or visas to get in. In short, you can always have a place to call home and have freedom.
Do you always dream to hide away at a beach-front villa? Or perhaps a private island is more your thing? Then without a doubt, this is your destination. Vanuatu is full of deserted beaches and breathtaking landscapes. To add to its significance is that it is a tax haven. And if you wish to retire young and wealthy then this is your place.
An important thing to point out is that it has achieved its place several times as the happiest nation on earth. Vanuatu’s most population is young. The energetic nation is undeniably welcoming. Summer is from November to March, the average temperature is 28°C (up to 32°C) and it can be hot, wet, and humid. Winter is from April to October with the temperature averaging 23°C. Above all, Sea temperature varies from 22 to 28 degrees making swimming enjoyable all year round.
Its official language is English, French, and Bislama. Hence, people who can understand French or English can easily settle down there. Vanuatu’s population is approximately 300,000. Tourism is on the rise. Every year 100,000 tourists are coming to Vanuatu. And new opportunities are opening up. I can’t emphasize more than to live in a country with extremely clean air, water, and food, without any doubt, is what we will need in our future.
Vanuatu Citizenship by Investment Program Route
For Citizenship by Investment Program, the Government of Vanuatu encourages a contribution towards the Local Development Fund. The contribution amount varies as per the number of people applying.
One person’s contribution is USD 130,000.
$260, 000 (includes main applicant, spouse and 1 child aged under 18 years)
$19, 250 (children less than 18 years, IF included)
$44, 250(a dependent aged 18 to 21, IF included)
The amount type is Non-refundable.
The applicant makes a 25% pre-payment and the application is submitted to the Vanuatu Government. Upon receipt of a letter of approval, 75% of the remaining amount is payable within 5 days. But the applicant must submit the proof of USD 250,000 in accounts.
Also, there is an application fee, which is $5,000 and covers the due diligence and government fees for everyone under the same application. There is also an additional $400 fee that covers the passport application, citizenship commission, and certificate fees.
The first part of the application process is due diligence. This means submitting some of your main documents, a police check, and paying the $5,000 non-refundable fee for government processing and due diligence. The Financial Department of Vanuatu (FIU) carries out the due diligence on the main applicant and his family members. And it takes only a week. So, the process is fast. And if you pass the due diligence then there are 99% chances that you will get your second passport.
Next, you’ll have to gather up all your documents (the list is pretty standard) and submit the full payment. If all of your paperwork is in order, it will take anywhere between 30-60 days for the government to make a decision on your application. The committee meets twice a month, so the timings are also important to apply and get approved. In short, the process is clear and fast.
Vanuatu requires that all of its new citizens attend an oath ceremony. That usually takes no longer than 30 minutes. That’s the only way a passport can be obtained, so you can’t avoid it.
Benefits of Vanuatu Citizenship
Vanuatu citizenship is a desirable option for those seeking to increase their global mobility. With Vanuatu’s passport, one can get visa-free access to over 125 countries worldwide and lower tax burdens. Moreover, Vanuatu is a favorable tax regime with no taxes imposed on income, inheritance, or gains. The government of Vanuatu has not attached real estate investment to the citizenship program. Furthermore, if you’re an avid cryptocurrency investor, you’ll be glad to know that it’s possible to pay for the citizenship program with Bitcoin. Rather, there is an option to contribute to the local development funds. But once you have Citizenship of Vanuatu, you can invest in the growing travel and tourism industry. From Ferries to Resorts, imports, and export, there are many business options to invest in. Citizenship is passed on to the next generation. Highlights are as follows;
- 25% Pre-payment and Application Submission
- Visa- Free travel to 125 countries including Schengen countries and Russia
- Freedom to have Dual Citizenship
- There is a low VAT tax rate, no income tax, and no capital gains tax.
- Reliable international offshore finance centers
- You can pay through cryptocurrency
To conclude, anyone who wants to enjoy a tropical climate with pristine waters, Vanuatu is the destination. The processing is fast and clear. Once you have sufficient funds for Citizenship by Investment program Vanuatu, the second passport is just 2 months away. I would say without reservations that clean air and water with the happiest nation is what anyone would like to call home.