Vanuatu: Citizenship and Investment Program
Vanuatu, people’s idea of paradise
Delivering a second passport in 1-2 months, Vanuatu’s citizenship program by investment is the trend in the market of second passport and one of the fastest in the world. Running since January 2017, this program is eligible to the whole family plus the parents.
As reported by The Vanuatu Treasury Organization, by the end of March 2020, the government had earned about 132 million USD from Vanuatu Citizenship by Investment Program. The government believes that during the Covid 19 pandemic, the Vanuatu’s Citizenship by Investment Program is the foundation of the country’s capacity to maintain economic independence.
The republic of Vanuatu, as a tropical paradise, is located in the east of Australia. One of the benefits of Vanuatu Citizenship by Investment Program is that this country is a member of the British Commonwealth, therefore, the Vanuatu citizens are free to travel to more than 140 countries such as Great Britain, several European and Asian countries. The citizens can stay up to 90 days in the Schengen area or 180 days a year in the UK, for example.
Due to the fast speed of processing the applications, the Vanuatu Citizenship Program is very popular among the investors. You can receive your passport within 2 months upon the minimum donations of 130,000 USD to Vanuatu Development Support Program for a single applicant or 180,000 USD for a family of four. If you are the one who wouldn’t like to pay tax, Vanuatu is the best place where you don’t need to pay tax on wealth, income, inheritance, and gift.
The citizenship by investment program of Vanuatu is still closed to nationalities from Iraq, Syria, Iran, North Korea, and Yemen. The citizens of these countries can apply for Vanuatu citizenship only if they have a permanent residency outside such countries and have lived outside of the country for more than five consecutive years.
Pay with Bitcoin to Get Vanuatu Citizenship
Vanuatu is the first country which offers the investors to pay with bitcoin for the citizenship by investment program. However, you are not allowed to pay directly in bitcoin, but through an authorized agent. Then, the funds are remitted to the Vanuatu government in USD.
Vanuatu’s CIP Costs in 2021
The costs of the Vanuatu citizenship program are very low if you are going to get the citizenship by investment through donation. The cost of this option starts at 130,000 USD for a single applicant.
- A single applicant: 130,000 USD,
- Main applicant and spouse: 150,000 USD,
- Family of 3: 165,000 USD,
- Family of 4: 180,000 USD,
- Per additional child or parent above 50 years: 15,000 USD.
In addition, to obtain due diligence clearance from the Government Financial Intelligence Unit (FIU), the applicant must make another payment. The Due Diligence check is a background check made by the Government to make sure that there are no derogatory information on the applicant and that the application is not a politically exposed person.
It is worth mentioning that the Vanuatu’s government had been previously offering another method of granting passport, which is currently under review and reform. Hopefully in 2021, another investment option will be added to the program which is investing in Vanuatu’s real estate and modern housing projects.
For more information, please contact one of our advisors in UAE, Denmark or Canada, and we will do our utmost to guide you through your Investment and Vanuatu Citizenship by Investment process.
If you have any questions or experience in this regard, please comment below.