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Republic of Vanuatu

Description

 INTRODUCTION:

Vanuatu-Citizenship-by-investment
Vanuatu Citizenship by investment

Vanuatu is made up of a series more than 80 islands which formerly known as the New Hebrides until attaining independence from France and Britain on 30 July 1980 and changed the name to Vanuatu.

Vanuatu’s islands are inhabited while others are active volcanoes. It is a mountainous area and covers tropical rainforests mostly.

Nearly 80 % of the population of Vanuatu live in rural areas and practice subsistence production of food, housing, and other items for household economy. Besides, most households are involved in some cash production, particularly agricultural products such as such as copra (dried coconut flesh), cocoa, and coffee.

The island considers as a destination for adventure lovers and bungee jumping.

Investment criteria:

An applicant under Vanuatu Citizenship by Investment Programme must make a donation for the Development Support Programme (DSP) .

The Development Support Programme (DSP)

The Development Support Programme (DSP) of Vanuatu was initially proposed in early 2016 and fully adopted by the Government of Vanuatu in April 2017. The objective of the Plan is to create local jobs, stimulate the economy, and keep the national budget balanced.

To facilitate and attract overseas investors, Vanuatu has passed and enacted all necessary legislation and regulations, even going so far as to change its Constitution to recognize dual and multiple citizenships, which was not recognized until the Constitution was changed by a two-thirds majority of Parliament in December 2012.

Due diligence and ancillary documentation requirements are simpler than most economic citizenship programmes. Online applications are streamlined and fast-tracked for most Commonwealth countries, resulting in reduced processing times of around 45 days. Vanuatu DSP is one of the fastest options for the investors looking for the second citizenship and a new passport. Processing can be completed within 2-3 months; citizenship is granted after this period if the applicant matches the requirements.

Vanuatu has visa-free entry to Europe and England, and citizens are eligible for 5-year US visas.

Application criteria

  1. Applicant must be at least 18 years.
  2. Valid passport.
  3. Good Health, applicants should have excellent health and must show that they do not suffer from any contagious diseases.
  4. Documents supporting the source Proof that the applicant has no criminal record.
  5. Able to provide proof of source of funds
  6. One of the following: Employment certification, Bank Reference/Professional Reference, Academic certificate
  7. Applicants should have no less than US$500,000 of net personal assets when submitting their application.

Benefits of Vanuatu citizenship program:

  1. Pay only indirect taxes such as VAT and Customs since Vanuatu is a tax-free country.
  2. The ability to pass one’s citizenship to future generations by descent.
  3. Include family members in the application.
  4. Citizenship for life, with the right to live and work in the country.
  5. Obtain the citizenship and second passport in a short time.
  6. Dual Nationality.
  7. Full confidentiality in carrying out the procedures.
  8. Easy to renew.
  9. Ownership of the 23th ranked passport in the world.
  10. Low cost of living
  11. A country with tremendous economic growth prospects and investment opportunities.
  12. Stable, peaceful country – does not even have Regular Armed Forces.
  13. Low cost real estate – from prime beach front to whole islands for sale.
  14. One of the happiest places on the world.

Benefits of the program:

  1. Fast processing within 4-6 weeks.
  2. Minimal processing fees.
  3. No interview, education, or management experience required.
  4. No requirement to reside in Vanuatu before, during, or after citizenship is granted
  5. No language requirements for residence or citizenship.
  6. Lowest tax rates and free trade environment.
  7. The only Citizenship by Investment (CBI) program of its kind in the Asia Pacific.

The Features of Vanuatu passport:

  • Good visa – free travel:

Currently, Vanuatu citizens can travel to more than 125 countries without the need to follow a cumber some visa application process. A vast majority of these countries allow Vanuatu citizens to stay 30 to 90 days without any visa require Visa-free travel with a Vanuatu passport while some countries grant visas upon arrival or issue electronic visas upon online application.

EUROPE

Akrotirl & Dhek

Andorra

Austria

Belarus

Belgium

Bosnia and Herzegovina

Bulgaria

Croatia

Cyprus

Czech Republic

Denmark

Estonia

Faroe Islands

Finland

France

Germany

Gibraltar

Greece

Greenland

Hungary

Iceland

Ireland

Italy

Kosovo

Latvia

Liechtenstein

Lithuania

Luxembourg

Malta

Moldova

Monaco

Montenegro

Netherlands

Northern Cyprus

Norway

Poland

Portugal

Romania

Russian Federation

San Marino

Slovakia

Slovenia

South Ossetia

Spain

Sweden

Switzerland

Transnistria

Ukraine*

U. K. & Crown Dep

Vatican City

AMERICAS

Belize

Bermuda

Bolivia*

Costa Rica

Ecuador

El Salvador

French Guiana

Guatemala

Honduras

Nicaragua

Panama

Peru

St. Pierre & Miq.

CARIBBEAN

Anguilla

Antigua and Barbuda

Bahamas

Barbados

British Virgin Islands

Cayman Islands

Dominica

Dominican Republic*

French West Indies

Grenada

Haiti

Jamaica

Montserrat

Saint Kitts & Nevis

St. Lucia

Saint Vincent and Grenadines

Trinidad and Tobago

OCEANIA

Cook Islands

Fiji

French Polynesia

Kiribati

Marshall Islands*

Micronesia

Nauru*

New Caledonla

Niue

Palau Islands*

Papua New Guinea

Pitcairn Islands

Samoa*

Solomon Islands*

Tonga*

Tuvalu* Wallis and Futuna

ASIA

Bangladesh

Cambodia*

Hong Kong (CHN)

India**

lndonesia

Kyrgyzstan**

Laos*

Macao (SAR China)

Malaysia

Maldives*

Myanmar**

Nepal*

Philippines

Singapore

Sri Lanka*

Tlmor Leste*

MIDDLE EAST

Armenia*

Georgia**

Iran*

Israel

Jordan*

Palestinian Territory

Qatar**

AFRICA

Benin**

Botswana

Cape Verde*

Comores Islands*

Djibouti*

Egypt*

Gambia

Guinea-Bissau*

Kenya

Lesotho

Madagascar*

Malawi*

Mauritania*

Mauritius

Mayotte

Mozambique*

Reunion

Senegal

Seychelles*

Somalia*

Somaliland*

Swaziland

Tanzania

Togo*

Uganda

Zambia

Zimbabwe

*Visa on Arrival **eVisament

THE MAIN STEPS TO GET VANUATU CITIZENSHIP BY INVESTING:

The process may be simplified into the following steps:

Step 1:

The applicant must provide a clear copy of the passport and non-refundable processing fees of US $ 10,000. The background check may take up to 3 business days.

Step 2:

The competent government authorities shall issue a written report after the background check has been completed. At this stage, the applicant will enter into a written agreement with the designated agent of the citizenship committee to begin processing the application. The applicant will complete and sign all application forms and submit all documents.

Step 3:

A letter is issued by the applicant’s citizenship committee confirming the application as acceptable and complete.

Step 4:

The citizenship certificate is issued by the nationality committee. The applicant will pay 30% of the total costs due in this step to obtain an electronic copy of the certificate of citizenship.

Step 5:

The nationality committee shall issue a certificate of nationality and passport. Applicant takes the Oath. This will be done by the Section Commissioner from the Government of Vanuatu.

List of documents required to submit an application:

1. Application forms (for main applicant, spouse, children, and parents).

2. Existing passport notarized color scan: must show the page in its entirety, passport cover +

1st 3 pages of the passport + last 3 pages of the passport = 7 pages in total (for main applicant, spouse, children, parents).

3. ID card notarized color scan, front and back, photocopied on 1 page (for main applicant, spouse, children, and parents).

4. Proof of relationship between main applicant and his / her spouse, children, parents notarized (marriage certificate, birth certificate etc.).

5. Most recent proof of dependency of children (e.g. education) and parents (same address,

Monthly payments etc.).

6. Birth certificate of all applicants notarized.

7. Original certificate plus notarized copy of criminal record with apostille from the jurisdiction in which he / she has resided during the last 12 months and (if different) the jurisdiction of his / her principal nationality (for main applicant and dependents aged 18 and above).

8. Most recent academic certificates or reports (for main applicant, spouse, children, parents).

9. Medical Checkup Certificate for applicants aged 18 and above from the state of origin or place of residence.

10. Asset Proof of no less than $ 500,000, bank statement of last 6 months.

11. Main applicant’s CV and if applicable proof of employment from his / her company.

12. 6 passport photos, 40 mm × 50 mm (for main applicant, spouse, children, parents).

NOTE:

All documents need to be original or true copies. Translated documents need to be notarized too where applicable.