Regarding Vanuatu’s Citizenship by Investment Program, the government continues to attract international investors and strengthen the country’s global standing among nations offering second citizenship programs. In this regard, the government has recently introduced a series of updates to Vanuatu’s Citizenship by Investment Program, targeting the Capital Investment Immigration Plan (CIIP) and citizenship acquisition through donations and the Development Support Program (DSP). These updates aim to enhance the investor experience and increase the appeal of these programs, further solidifying Vanuatu’s position as a preferred destination for investment and business.
Reduced Investment Period for the CIIP Capital Option:
One of the most significant updates announced by the government is the reduction of the investment period in the Sustainable Cocoa Fund (CSF) from 5 years to 4 years. This change gives investors the advantage of faster capital and profit recovery, making the CIIP more attractive and flexible.
Additionally, the Vanuatu Citizenship by Investment Program under the CIIP capital investment option has seen an adjustment in its fee structure, with the primary fee set at $155,000. Furthermore, the comprehensive fee for a family of four has been set at $160,500. This adjustment reflects the administrative costs and minor fees associated with the investment process, providing investors with a clear view of the expected costs.
Unified Criminal Background Check Fees in Vanuatu’s Citizenship by Investment Program:
In a move aimed at simplifying procedures, the government has unified the criminal background check fees for both the CIIP and DSP programs, setting them at $5,500. The approval period for criminal background checks has also been extended to 14 days to ensure thorough vetting of all applicants.
New Passport Renewal Requirements in Vanuatu:
Alongside the updates to Vanuatu’s Citizenship by Investment Program, the Vanuatu government has announced the implementation of a new passport system, which will come into effect after August 31, 2024. Under this new system, all Vanuatu citizens, including those who acquired citizenship through investment, must undergo a personal identity verification interview and submit biometric data when applying for a passport.
Impact of the New Passport System on Investors:
Investors are expected to face some challenges due to this update, particularly regarding the need to travel to Vanuatu to complete passport application procedures. In this context, local agents have requested an urgent meeting with the Citizenship Commission to discuss alternative options, such as allowing applicants to fulfill the personal appearance requirements at Vanuatu consulates or embassies abroad. Despite these changes, it is important to note that the process for granting citizenship itself remains unchanged.
To conclude, if you are interested in getting a second citizenship in Vanuatu do not hesitate to contact oue experts in Carribean CBI programs at NTL.
Digital twin in Grenada Redefines Climate Readiness and Smart Development
The Digital Twin in Grenada is transforming climate resilience and smart planning. Initiated with the World Bank and Fugro, this advanced 3D model supports disaster preparedness, coastal protection, and sustainable development, making Grenada a leader in Caribbean innovation and environmental sustainability.
Understanding the Nauru CBI Due Diligence Requirements for Secure Second Citizenship
Why Nauru CBI Due Diligence Matters Every reputable Citizenship by Investment (CBI) program depends on a rigorous due diligence process to safeguard its credibility. In the Republic of Nauru, the Nauru CBI due diligence framework forms the backbone of the Climate...
New EU Biometric Border Rules: Fingerprints and Photos Required from October 2025
EU Biometric Border Rules 2025: The EU will introduce the Entry/Exit System in October 2025, requiring fingerprints and photos from non-EU travelers to enhance border security.
The UK Tax System: Abolishing the Non-Domiciled Status and Adopting a Residence-Based Model
The UK tax system will abolish non-dom status from April 2025 and shift to a residence-based model. Learn about exemptions, key deadlines, and planning solutions.
How to Open an Offshore Company in Nauru – Legally and Securely
A complete guide to forming an offshore company in Nauru. Explore the legal framework, taxation rules, setup process, and practical tips for compliance.