Vanuatu retains citizenship by investment

Vanuatu Citizenship by Investment — Stability and Attractiveness

There have been many rumors and concerns about the Vanuatu citizenship by investment program in the media recently. However, panic around possible changes in the rules is in vain. This Pacific country continues to offer investors one of the fastest and most affordable opportunities to obtain a second passport in the world. Vanuatu's strategic location, favorable tax regime and high speed of application processing make this program attractive to many potential investors. Let's take a closer look at the current conditions, benefits and prospects of Vanuatu citizenship.

Vanuatu citizenship can be obtained through investments in government funds, such as the Vanuatu Development Support Program (VDSP) or the CNO Future Fund. The minimum entry threshold starts from US$130,000, making this program one of the most affordable in the world. The process of obtaining Vanuatu citizenship usually takes from 1 to 4 months, which is a record short time among similar programs. This allows investors to quickly obtain a second passport and start enjoying its benefits.

Applicant Requirements

To apply for Vanuatu citizenship by investment, candidates must meet the following criteria:

1. Age — the applicant must be over 18 years old.
2. Health — no serious illnesses.
3. Reputation — no criminal record or problems with the law.
4. Financial Status — no less than US$250,000 in savings.

To apply for Vanuatu citizenship, investors must provide the following package of documents:

1. Birth certificate for each family member.
2. A valid passport and its copy.
3. A bank statement for the last 6 months confirming the availability of at least US$250,000.
4. A medical certificate for all applicants over 18 confirming the absence of serious illnesses.
5. 6 color photographs of each family member that meet the requirements for a passport.
6. Marriage or divorce certificate, if applicable.
7. Certificate of change of surname, if applicable.
8. Certificate of employment and a short resume (CV) of the applicant.
9. Certificate of no criminal record from the country of citizenship and countries where the applicant has lived for more than a year in the last 10 years.

Advantages of Vanuatu citizenship

Obtaining a second passport of Vanuatu opens up a number of significant advantages for investors:

• Fast process — Vanuatu citizenship can be obtained in record time — from 1 to 4 months, which distinguishes this program from similar ones.
• Affordability — the minimum investment threshold starts from 130,000 US dollars, which makes the Vanuatu program one of the most budget-friendly options for obtaining a second citizenship.
• Tax benefits — Vanuatu does not charge income tax, property tax or inheritance tax on citizens, which allows for tax optimization.
• Visa-free travel — Vanuatu passport provides visa-free access to over 100 countries worldwide, including the UK, Schengen countries and Singapore.
• Family citizenship — along with the main applicant, citizenship can be obtained by the spouse, children under 25 and parents over 50.
• Multiple citizenship — Vanuatu allows multiple citizenships, allowing investors to keep their first passport.

But one of the main advantages of Vanuatu citizenship is its favorable tax regime. The country does not levy the following taxes on individuals: income tax, capital gains tax, property tax and inheritance tax. Legal entities registered in Vanuatu as international companies are also exempt from these taxes. The only tax levied is VAT at 12.5%, which is already included in the cost of goods and services. This tax policy makes Vanuatu an attractive jurisdiction for investors looking to optimize their taxation and protect assets.

Alternative Ways to Obtain Vanuatu Citizenship

In addition to the investment program, there are several other ways to obtain Vanuatu citizenship:

1. Marriage to a Vanuatu citizen — spouses of Vanuatu citizens may apply for citizenship after 2 years of residence in the country and meeting certain conditions.
2. Naturalization — foreigners who have lived in Vanuatu for 10 years or who participate in other residency programs may apply for citizenship through naturalization.
3. Honorary citizenship — in exceptional cases, the President of Vanuatu may grant honorary citizenship to individuals who have made significant contributions to the development of the country.
4. Birth — children of Vanuatu citizens automatically receive citizenship. For children of foreigners, re-registration through adoption by court order is necessary.

Support and Consulting

The process of obtaining Vanuatu citizenship by investment may seem complicated and confusing to an unprepared person. Fortunately, many specialized companies, such as Passportiviti, offer professional services to support applicants at every stage. Experts will help you choose the best investment option, collect the necessary documents, fill out and submit an application, advise on legal and tax issues, organize the oath and receive a passport. The support of professionals will allow you to avoid mistakes, save time and guarantee a successful outcome.

To summarize, we can confidently say that Vanuatu citizenship by investment remains one of the most attractive options for obtaining a second passport in 2023. The country offers investors a unique combination of speed, accessibility and significant benefits. If you are looking for a reliable and fast path to a second citizenship, Vanuatu definitely deserves your attention. And the professional support of specialized companies will help you go through this path with maximum comfort and efficiency. Don't miss your chance to secure a secure future for yourself and your family with a Vanuatu passport!