Vanuatu, situated in the south-western Pacific Ocean, is a chain of eighty islands. The nation is part of the Commonwealth and the principal languages are French and English, making it an inviting location for people from across the globe. Another reason as to why Vanuatu is so significant on a worldwide level is the citizenship by investment scheme available to anyone with the investable capital required to do so. Citizenship by investment may sound confusing, and to break it down, it is a payment, often in the form of a government donation, in return for a passport, making schemes of this kind extremely mutually beneficial, as well as paving a way towards the diversification of global sustainable development.
Before introducing you to all the information related to Vanuatu, if you are considering options for citizenship by investment, contact us!. Our specialized team can help you with all your concerns. Click here.
We will start with the requirements of the application to obtain the Vanuatuan passport:
1. USD$130,000 for a single applicant to invest in a local development fund
2. Proof that you have no less than USD$250,000 available funds
3. No criminal records
It is clear that the process does not have any extensive criteria, making it extremely accessible, the only negative would be the price, which is rather high on the surface. However, considering the cost of programmes for residency across the globe requiring investment of various sizes in real estate, this donation is relatively competitive. Not only this, but there is no naturalisation process, you become a citizen without living in the country, making the donation all the more worthwhile.
Now we will move onto the process itself, the steps and timings are as follows:
1. Pre-approval (2 days)
Pay due diligence and submit copies of the requested documents
2. 25% payment and submission of application (4 days)
Pay 25% of the donation and once approved you will pay the balance within 5 days
3. After about a month you take an Oath Ceremony at which you swear an oath and receive the passport and citizenship certificate
Much the same as the list of criteria in order to be able to make an application, the timeline of the process is also very short. In fact, at most you will wait two months before receiving the passport! It has to be said that this is one of the fastest and easiest second citizenship programmes on offer across the entirety of the globe, as well as the only citizenship by investment in the Asia-Pacific region, setting it levels above other citizenship pathway schemes.
The final list we will provide is the benefits of the scheme. So far, we have said what it is and how to do it, but this is worth nothing if you are not convinced it is a great investment opportunity. Perhaps these can persuade you that you will be making the right decision:
1. Visa-free travel to 129 countries including the EU and UK
2. No personal taxation
3. No need to visit the nation or live there for any amount of time before receiving the passport
4. Fast track travel processes when visiting Commonwealth countries
5. You can process the payment in Bitcoin through an agent who transfers the investment in USD to Vanuatu
So, if you are interested in finding out more about Vanuatu, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
Also, if you want to access our other great content, subscribe to our YouTube channel! At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.