Vanuatu’s Citizenship by Investment (CBI) program has fast become one of the more sought-after paths for legally obtaining a second passport. Vanuatu citizenship opens the door to many opportunities, including freedom of movement when travelling and a favourable tax regimen, as well as providing a safety net for you, your assets and your family to fall back on if and when needed.
Since its inception in 2017, the Vanuatu Citizenship Development Support Program has gained immense popularity among those seeking a second passport and has managed to distinguish itself from its counterparts in a short amount of time due to its speedy and straightforward application process.
The tropical archipelago nation of Vanuatu offers investors the chance to obtain citizenship in a simple, transparent and efficient way. Here, we will discuss how to get a Vanuatu passport by investment as well as the benefits that come along with it.
In This Article:
- About Vanuatu’s Citizenship by Investment Program
- How to Get a Vanuatu Passport
- Why Get a Vanuatu Passport?
About Vanuatu’s Citizenship by Investment Program
Vanuatu’s Citizenship by Investment 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. The government of Vanuatu launched the Development Support Program to raise funds to support infrastructure and strengthen the economic development of the country.
The process was designed to be fast and efficient with only a few simple and easy steps to complete in the application process.
Vanuatu’s Development Support Program requires applicants to make a minimum monetary donation of $135,000 to the nation’s government and must pass the due diligence checks in exchange for the right to live and work in Vanuatu.
Pending approval from the government, successful applicants will receive full citizenship. Vanuatu’s Citizenship by Investment Program is based on the law and has been guaranteed by the government since 2017.
How to Get a Vanuatu Passport
Now that we’ve given a brief overview of Vanuatu’s Citizenship by Investment Program, we’ll go into more detail about how to get a Vanuatu passport.
Firstly, eligible candidates need to be 18 years or older, in good health, possess no criminal record and have confirmed investment sources to apply to the program. Candidates can apply as a single applicant or as a family of up to 4 members.
Before applying to any Citizenship by Investment Program, individuals must 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. If it’s too good to be true, it probably is.
As mentioned above, the Development Support Program was designed to be simple, transparent and fast. Once the candidate has found an approved Citizenship by Investment agent, they will pre-screen your passport copy for government pre-approval.
A response is usually received in 24 to 48 hours, after which a down payment of the professional fees is required to open the application.
The authorised agent will then assist and advise the candidate on the collection of the necessary documents required according to the government of Vanuatu’s checklist. Once all the documents are received, the agent will then submit the application to the citizenship office upon receipt of the payment.
Due diligence checks will then be carried out on the candidate by the Screening Committee in collaboration with the Financial Intelligence Unit (FIU). When it is verified that the candidate possesses no criminal record, the screening committee will present the application to the Citizenship Commission for approval.
The Citizenship Commission then presents the names of all successful applicants to the Prime Minister, who in turn advises the President on granting full Vanuatu citizenship to said applicants. Once this is completed, the applicant’s biometrics are registered and an Oath Allegiance Ceremony is performed before a passport and certificate of naturalization are issued in the individual’s name.
This process can take anywhere from as little as 45 days to 4 months at the most. Final payment of professional fees is then required to complete the application.
There are no physical residency requirements nor are there any mandatory visits to Vanuatu needed before or after the application process. The government of Vanuatu 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.
Why Get a Vanuatu Passport?
Getting a Vanuatu passport is as simple as completing a few quick and easy steps. But is it worth investing in? Yes, it most definitely is.
Holding a Vanuatu passport gives you two major advantages: freedom of movement when travelling and a favourable tax regimen. You’ll have access to visa-free travel to over 125 countries including Russia, Hong Kong, Singapore, the UK and the Schengen Area countries like Italy and France. And Vanuatu’s tax laws impose no taxation on worldwide income, capital gains, dividends, gifts, wealth and inheritance.
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 most people’s idea of paradise.
In fact, Vanuatu is such a stable and peaceful country that it does not have Regular Armed Forces and has been declared the happiest place on the planet several times. More than just an ideal vacation destination, Vanuatu has become a quintessential place to live, work and retire for both you and your loved ones.
Book A Free Consultation
As we mentioned before, you must seek out the services of a government-approved agency when applying for any Citizenship by Investment program. Savory and Partners is a British Authorised Agent with decades of experience and has helped over 1100 families obtain a second citizenship.
If you are interested in becoming a Vanuatu citizen or have few questions and queries you’d like cleared up, book a free online consultation today and one of our agents will happily aid you in securing a better, prosperous future for you and your family.
We are available on every channel convenient for you.