Although Caribbean and European Citizenship by Investment programs are more sought-after by those seeking to obtain a second passport, there is one idyllic island CBI program that not only matches its counterparts in benefits and simplicity but is also one of the quickest paths to second citizenship and passport through investment in the world; we are talking about Vanuatu passport.
How long does it take to get citizenship of Vanuatu, you ask? The Vanuatu Citizenship Development Support Program is specifically designed to be an efficient and simple process that sees applications getting processed within as little as 45 days and individuals receiving their passports within a timeframe of 4 months.
For those seeking a fast and efficient route to second citizenship without foregoing any of the benefits associated with Caribbean and European CBI programs, investing in Vanuatu is the ideal route.
In This Article
About the Program
Established in 2017, the Vanuatu Citizenship Development Support Program is the only one of its kind in the South Pacific and is known to be one of the quickest paths to second citizenship through investment in the world. Applicants to the program are required to make a minimum donation of $135,000 to the nation’s government and must pass the due diligence process in exchange for full legal citizenship in Vanuatu.
Individuals who are 18 years old and older, are in good health, have no criminal record and have confirmed investment sources are able to apply to the program along with their eligible dependents. This includes the spouse of the main applicant, adult children (biological or adopted) under the age of 25, and parents above 50 years-old.
Process & Timeframe
As mentioned before, Vanuatu’s Citizenship by Investment Program was designed to be fast and efficient. There are a few straightforward and easy steps to complete in the application process and pending approval from the nation’s government, successful applicants receive citizenship and their passport within 4 months.
Before applying to any Citizenship by Investment Program, it is vital that individuals ensure that they are rendering the services of a government authorized agent and advisor like Savory and Partners. The internet is rife with fraudulent companies offering scams that promise citizenship within an implausible timeframe and at an impossibly low price.
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When applying to Vanuatu’s CBI program, the government authorised agent will submit a copy of the individual’s passport for government pre-approval which will receive a response in 24 to 48 hours. A down payment of the professional fees is then required to open the application. From there, the authorised agent will assist and advise the individual with the collection of the necessary documents required to meet the government’s checklist.
Once the down payment and background check fees are paid, the application will be submitted to the citizenship office. The Screening Committee then conducts due diligence checks in collaboration with the Financial Intelligence Unit (FIU). When it has been verified that the individual possesses no criminal record, the application is then forwarded to the Citizenship Commission for approval. The President of Vanuatu will then grant citizenship to the successful applicant and a registering of biometrics and an Oath Allegiance Ceremony is arranged.
The entire process is simple, transparent and efficient, and will take anywhere from as little as 45 days to 4 months at the most for an individual to receive their certificate of naturalization and Vanuatu passport. Authorised agents, like Savory and Partners, collaborate with the government throughout the entire process and aim to provide the quickest and smoothest experience possible.
However, due to factors beyond an authorised agent’s control – such as a lengthy delay in the applicant gathering the necessary documents or an extended reviewal stage due to the Vanuatu government’s schedule – this time frame is not set in stone and is subject to change.
Vanuatu’s CBI program is based on the law and has been guaranteed by the government since 2017. There are no physical residency requirements nor are there any mandatory visits to Vanuatu needed before or after the application. The government of Vanuatu also does not require applicants to pass any interviews, language tests or possess any previous work experience to qualify for citizenship. Dual citizenship(s) is permitted and the applicants home authorities will not be notified of the new citizenship.
Benefits of a Vanuatu Passport
Now that we’ve discussed how fast and straightforward the application process for Vanuatu’s CBI program can be, it’s time to look at why an individual should invest in this nation’s passport.
The major draws of Vanuatu citizenship are the freedom of movement and tax relief it provides to its citizens. Holding a Vanuatu passport allows visa-free travel to 125 countries including Russia, Hong Kong, Singapore, the UK and the Schengen Area countries like Switzerland and France. While those seeking a tax haven will be glad to know that the island nation imposes no taxes on worldwide income, capital gains, dividends, gifts, wealth and inheritance.
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Besides the benefits mentioned above, Vanuatu provides an attractive tropical environment with a growing economy and a high standard of living that’s perfect as a new or second home for an investor and his/her family. Vanuatu is such a stable and peaceful country that it does not have Regular Armed Forces, and has officially been named the fourth “Happiest Place in the World”. Vanuatu’s CBI program provides the ultimate safety-net in paradise.
Book A Free Consultation
As a British Authorised Agent with decades of experience and over 900 families approved, Savory and Partners specializes in granting second citizenship and passports to High-Net-Worth investors from the Middle East and beyond. If you are interested in becoming a Vanuatu citizen, book a free consultation with our team of experts and learn about all the benefits of this Citizenship by Investment program, find out your eligibility and proceed with your citizenship application.
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