Vanuatu Citizenship by Investment Contributes 18% to Gov Revenue

Vanuatu’s Citizenship by Investment Program (CIP) contributed 18% of the government’s revenue in the first half of 2024, generating $28 million during the period. These results highlight the program's resilience and its critical role in the nation’s economic stability, even amidst external challenges.

Adapting to EU Visa-Free Access Loss

This success comes despite the European Parliament’s March 2022 decision to permanently revoke Vanuatu’s visa-free access to the Schengen Area. The decision reflects EU concerns over investor citizenship programs. While this shift affected negatively on the program's revenue, Vanuatu’s CIP has demonstrated an impressive ability to adapt, maintaining steady application volumes.

Consistent Market Presence

In 2024, the program’s contributions fluctuated, with 14% recorded in Q1 and a surge to 22% in Q2. Although slightly below the record 21.75% average of 2023, these numbers solidify the program’s potential and contribution to country's economic growth.

Nauru’s New CIP and Regional Competition

The Pacific region’s dynamics could shift in 2025 with the introduction of Nauru’s Citizenship by Investment Program. This development may create direct competition for Vanuatu.

However, Vanuatu's CIP proves stable performance and contributions to government revenue, though reinforcing its strong standing in the global market.