How do I become a citizen of Vanuatu?
Obtaining Vanuatu citizenship by investment (View Program) is a popular consideration for many people aiming to gain a second citizenship and passport. Unique to Vanuatu, the Vanuatu citizenship by investment program is the only program of this type in the Asia-Pacific region.
The Vanuatu Citizenship by Investment Program offers a streamlined process with reasonable costs, making it an appealing choice for many individuals and families.
Why is the Vanuatu Citizenship by Investment Program and Passport popular?
The Government created the Vanuatu Citizenship by Investment Program to attract foreign direct investment and boost the country’s economy. Through this program, eligible investors and applicants can obtain citizenship and a second passport by making a financial contribution to the country.
- It is generally the fastest program, typically taking a little over a month after due diligence
- It is one of the least expensive
- You do not need to visit the country.
The Process for Obtaining a Vanuatu Citizenship by Investment.
The process for obtaining Vanuatu citizenship by investment is straightforward and efficient. It typically involves the following steps:
Step 1 – Eligibility Assessment
The first step is to ensure that you meet the program’s eligibility criteria. Generally, investors must be of good character, have no criminal record and be able to make the required financial contribution.
Step 2 – Due Diligence Clearance
Once the applicant has submitted initial papers, they must make a non-refundable payment of USD 7,000 to have the Government Financial Intelligence Unit (FIU) for a due diligence assessment and clearance.
Step 3 – Make the Investment – How much is the cheapest citizenship by investment in Vanuatu?
The applicant must make a one-off non-refundable donation to the government’s Development Support Program. The amount of the donation varies depending on the number of applicants. Alternatively, there is also a government bond option.
The FIU does the Due Diligence Clearance and can then issue a clearance certificate. The applicant then submits their file and the certificate together with the donation amount to obtain the final approval.
What is the investment for Vanuatu citizenship?
- USD 130,000 for a single applicant
- USD 150,000 for a married couple
- USD 165,000 for a married couple and 1 child
- USD 180,000 for a married couple and 2 children
- USD 25,000 for each additional dependent
Step 4 – Issuance of Citizenship and Passport
The government receives the payment and then issues the Certificate of Naturalization and Vanuatu passport, granting the applicant and their eligible dependents full citizenship and the right to live, work, and travel in Vanuatu. The Applicant must also attend a brief ceremony to take their Oath as a Vanuatu citizen. They have the option to do this abroad and online, subject to certain conditions.
In addition to the above, Vanuatu citizenship by investment entails government processing fees, but these are typically less than USD 1,000.
Advantages of Vanuatu citizenship by investment.
One of the key advantages of Vanuatu citizenship by investment is the relatively fast processing time, ranging from around 14 days for due diligence, and a 30 to 60 day timeframe for application processing on average.
During the process, it’s important to note, the government maintains high standards of due diligence.
In terms of travel, the Vanuatu passport gives visa-free or visa-on-arrival access to over 100 countries. In particular there is a long-term treaty allowing a possible online or long-term visa for Australia. Several hundred thousand Vanuatuan citizens have taken advantage of this option.
There are no exams, language requirements or educational restrictions for Vanuatuans citizenship by investment.
Vanuatu Tax Benefits
Vanuatu also offers significant tax benefits. There is no personal income or corporate tax, no withholding tax or capital gains tax, and no estate, wealth, or gift tax.
The Advantageous Landscape of Vanuatu’s Investment-based Citizenship Program
In conclusion, Vanuatu citizenship by investment offers investors and their families an excellent opportunity to acquire a second passport and enjoy the benefits of being a citizen of this tropical paradise. The streamlined process and reasonable costs make Vanuatu an attractive destination for those seeking a second citizenship.
Request more information about Vanuatu Citizenship by Investment program.
For more information on the Vanuatu Citizenship by Investment Program.
please visit: https://harveylawcorporation.com/citizenship-and-residency-programmes/.
If you have questions or would like a consultation,
please contact HLG Miami office at [email protected]
or call +1 352-331-7554.
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