Vanuatu is the pearl in the South Pacific with a unique atmosphere of peace and meaningful life. Moreover, the country has numerous international visa-free perspectives, as well as attractiveness to possible investors. Discover more about this paradise on our Earth and the ways to become its resident.
How the Vanuatu Citizenship by Investment Program Works
The ability to get Vanuatu citizenship through investments appeared in 2017. Since that time, many applicants enjoyed its speed, privacy, and flexibility.
An expert Vladlena Baranova, who works in Immigrant Invest, underlines the following features of this program:
- The main requirement is a donation of a minimum of $130,000 for a single person.
- The applicant may add family members but every person needs an additional payment.
- The whole procedure takes up to 2 months, which is one of the fastest options among similar programs.
- The passport is given for 5 years initially with the ability to prolong it for 10 more years.
Any person who meets the edibility criteria can get Vanuatu Citizenship by Investment on the following terms:
- $130,000 for a single person;
- $150,000 for an investor and his spouse;
- $165,000 for a couple with one child;
- $180,000 for a family of four people.
The procedure also requires a one-time payment for the authorities that check the eligibility of the candidate and a few additional fees. However, this does not increase the sum a lot.
Any investor who is interested in participation is welcome to apply and the answer is given shortly, so the second passport can be obtained within 2 months.
Key Benefits of Choosing Vanuatu Citizenship
Experts of Immigrant Invest have analyzed and compared many programs based on investment and emphasized the next advantages of this particular option:
- Simple and quick process that does not require a long wait and can be completed for the whole family at once.
- All basic payments are made only after the approval of the application.
- Vanuatu residents can visit approximately 100 countries without a visa and others are available under simplified terms.
- Tax advantages with no additional fees for income.
- Free access to the global banking system.
- No need for a physical stay in the country during the application procedure.
The beauty of local nature goes without saying. In addition, the process of getting a Vanuatu second passport is convenient and hassle-free and takes two months maximum.
Eligibility Criteria for Vanuatu Citizenship
Before moving on to the application stage, one should check the next requirements:
- Age between 18 and 65 years at the moment of request.
- Financial viability with a clear banking record and at least $250,000 of funds in the personal account.
- Good health is confirmed by valid insurance.
- Clear criminal record and good reputation.
Pay attention to some additional fees that can be charged during the application process. They usually do not exceed $2000 and all the payments are transparent.
Application Process for Vanuatu Citizenship by Investment
It is quite easy to apply for Vanuatu citizenship by investment. The common steps are as follows:
- Checking the personality of the future investor according to the criteria mentioned above.
- Submission of the initial documents and procession payment that equals $7000 and is non-refundable. It is paid to the Government Financial Intelligence Unit that asses the diligence of the investor.
- If the assessment stage goes well, the applicant is notified and can proceed with a donation. Its sum should be carefully calculated beforehand taking into account the family members that would be part of the program.
- After the authorities receive the donation, they issue the Certificate of Naturalization and Vanuatu passport. The latter grants the applicant and his relatives full citizenship and the free ability to live, work, and travel on the islands and more.
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It is also a special ceremony for those who get this citizenship. Nowadays, this can be done offline or online depending on the situation of the applicant.
The most pleasant thing about this process is that it takes up to 2 months only starting from the first step. This is rather quick and the applicants do not face enormous bureaucracy in this way.
Altogether, getting Vanuatu citizenship is somehow similar to the prosperous life on these islands that is associated with worry-free paradise. Moreover, it is one of the easiest ways to get a second passport that gives numerous working and traveling opportunities.
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