Siotoh Global Mobility

Vanuatu Citizenship by Investment

Vanuatu is situated in the heart of the South Pacific and is bordered by Fiji, New Caledonia, Solomon Islands and Australia. It boasts of over 80 islands, luxurious landscapes and crystal-clear turquoise water, as it promises a path to tropical heaven for individuals who are enthusiastic about exploring natural giftings. Launched in 2017, Vanuatu citizenship by investment has become fast rising as it is a fast track pathway that allows investors to contribute to its economic development.

A key reason for the Vanuatu citizenship by investment is in order to contribute to the nations’ economy and development goals as this will aid the government improve on its infrastructure as well as provide more job opportunities thereby enhancing the overall standard of living of its citizens. The Vanuatu citizenship by investment is a hassle-free program that allows for a single applicant with and without a family to make a non-refundable donation to help improve upon the economy of the country and must have in his/her account a minimum of $250,000 proof of funds to qualify.

THE ECONOMY OF VANUATU

The economy of Vanuatu is primarily dependent on tourism, fishing and agriculture and its financial sector. Tourism, because it inhabits beautiful and pristine beaches with varying cultural attractions to visitors and tourists from around the world. Fishing and agriculture in this country help regulate small-scale businesses present in the country like sales of kava, beef, copra, timber and cocoa; and the financial sector accounts for its numerous financial services making Vanuatu a tax haven with over 2,000 registered offshore institutions.

The easiest way of getting the Vanuatu citizenship by investment is by making a non-refundable minimum donation of $130,000 to the country’s National Development Fund and this only covers for a single applicant per registration.

However, there are other options which enable citizens to make informed decisions tailored to set goals and objectives. These options are the business and real estate investment. While these options are available, it should be noted that it is a high-risk venture as the real estate ecosystem in Vanuatu can be daunting and there are typical cases of overinflated property prices as well as a lack of transparency imminent in the country.

Getting citizenship by investment through the business investment option provides investors a level of flexibility as it offers a pre-approved visa alternative approach but proper and relevant attention must be paid to the business as success and failure of the business will equate in the success or failure of applicant’s registration approval and decline.

BENEFIS OF VANUATU CITIZENHSIP BY INVESTMENT

The perks of getting Vanuatu citizenship by investment are numerous as they are streamlined to provide you with the various privileges which will enable you to have a great time as a citizen of the country. Some of the benefits are:

  • Access to visa-free or visa on arrival travels to over 100 countries including renowned countries like Hong Kong, United Kingdom, Singapore and Russia. 
  • A favourable taxation system as its citizens are immune to worldwide income tax, personal income tax, investment gifts and capital gains providing a safe threshold for experts and business moguls to tap from the tourism investment opportunities available in the country.
  • The Vanuatu citizenship by investment prides itself in the provision of a 1-3 months processing period after which the single applicant can travel to Vanuatu with family members which include dependent children within the ages of 18 to 25 who are not yet married as well as parents of the applicant. 
  • The Vanuatu citizenship by investment is flexible and is known for its non-requirement of compulsory residency, interview of proficiency in language test.
Vanuatu

REQUIREMENTS FOR THE VANUATU CITIZENSHIP BY INVESTMENT

As much as getting the Vanuatu citizenship by investment is flexible, there are certain requirements applicants must reach before being eligible to become a citizen of the country. They include:

  • Individuals must have a clean criminal record by tendering a police clearance report or certificate for proper check and scrutiny.
  • Interested applicants must be age 18 and above.
  • Potential citizens must make a non-refundable contribution of $130,000 for a single applicant and $150,000 covering a family of four individuals, to the Vanuatu National Development Fund.
  • Typically, not all investment options require the applicant’s presence, as the residency investment offer demands that the applicant must reside in the country.
  • Applicants must be in good health and must provide a medical clearance certificate to ascertain this.

REQUIRED DOCUMENTS FOR VANUATU CITIZENSHIP BY INVESTMENT

Documents required to process the Vanuatu citizenship by investment include:

  • A police clearance certificate or proof of no criminal record.
  • A valid bank account statement indicating proof of funds.
  • An affidavit of support for applicants without adequate leftover funds.
  • A passport-sized photograph
  • Passport application form with fingerprint
  • A driver’s license or an identity card which will serve as a means of identification.
  • A medical certificate ascertaining applicant’s health status
  • Proof of rental or property ownership of applicant.
  • A valid marriage certificate, in the case of a spouse.
  • Birth certificate of applicant
  • Application form as provided by the government or authorized agent.
  • Parental consent for applicants less than 18 years of age.

An Authorized Agent processes all applications by ensuring the correct completion of the client’s application form, helps prepare all the requisite supporting documentation, and handles all correspondence with the Government on behalf of the applicant. Economic citizenship in Vanuatu is only available through an authorized agent of the program. Many CBI-authorized agents are licensed lawyers. You can get in touch with our qualified advisors for more information on how we can support you throughout your citizenship program application.

OTHER RESOURCES:

5 Steps to Prepare for Citizenship by Investment

The Route to More Than 150 Countries – Citizenship by Investment

Other Citizenship by Investment Countries to Consider: Antigua and BarbudaDominicaGrenada, St Kitts and Nevis, and St. Lucia

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