Before filing for a resident visa, consider taking a vacation or remaining on a short-term visa. Before making a major move, it is critical to obtain a sense of a country and its ex-pat population. Vanuatu offers the Asia-Pacific Hemisphere’s only Citizenship by Investment plan. For investors, the scheme provides one of the quickest Vanuatu citizenship and second passport programs accessible. A single candidate must contribute $130,000, while a family of four must spend $180,000, plus expenses.
Benefits Citizen Status IN VANUATU
- A country with more than 80 islands in the South Pacific.
- Visa-free travel/entry to approximately 130 countries, including the United Kingdom, Schengen, Russia, the United Arab Emirates, and Thailand.
- Application for an online visa or a long-term visa to Australia is possible.
- Parents, spouses, and dependant children under the age of 25 are eligible. English and French are the official languages.
- The Asia Pacific region’s sole citizenship-by-investment scheme.
- There are no linguistic requirements for either resident status.
- Tax haven with numerous tax breaks:
- There is no personal or business income tax.
- There is no withholding tax or capital gains tax.
- There is no estate, wealth, or gift tax.
- There is no personal or business income tax.
- There is no withholding or capital gains tax.
- There is no estate, wealth, or gift tax.
- VAT of 12.5 percent is levied locally.
- Possibility of changing one’s name, obtaining a driver’s license, obtaining a local address, registering a corporation, and so on.
Conditions For Contributors
Clearance for Fact-Checking
To get Due Diligence Clearance, the applicant must make the initial non-refundable fee of USD 6,000 for due diligence checks by the Government Financial Intelligence Unit (FIU).
Once the candidate has received Due Diligence Clearance, he or she can contribute to and submit the whole petition for citizenship.
Role in Contributing
The Applicant must submit the following one-time, non-refundable donation to the Vanuatu Government:
A single candidate will pay USD 130,000, while a married pair will pay USD 150,000.
USD 165,000 for a married couple with a single child
180,000 USD for a married couple with two children
USD 25,000 more for each dependant
Clearance
The Citizenship Commission will grant a final approval once the contribution has been provided and the application has been completed. The Applicant can then attend a service to take their Oath of Citizenship as a Vanuatuan. (An oath ceremony can take place outside of the country if certain circumstances are met.)
Needs FOR VANUATU Immigration Forms
- Entrants must pay the Vanuatu Government a fee.
- be at least 18 years old
- Have no criminal history
- Provide any essential documentation in English, as well as a medical certificate certifying your excellent health.
Application Processing step:
The Vanuatu method begins with a due diligence check performed by the Financial Intelligence Unit (FIU) Department. The FIU normally gives a clearance certificate within two to three weeks. Once FIU issues a clearing certificate, the rest of the documentation, together with the contribution amount, must be presented to obtain final approval. This normally takes about one month, since the monies are cleared by the Central Bank of Vanuatu. Once the payments have been cleared, the paperwork is forwarded to the next Citizenship Meeting held for formal confirmation (the Committee sits every 2 weeks).
Following the meeting of the Committee, letters of approbation, naturalization certificates, and passports are issued. Passports are typically issued three weeks following final clearance.
Final Words:
St. Kitts and Nevis have the distinction of having the world’s oldest Citizenship by Investment Program, which was created in 1984. Hope our words help you to buy citizenship in Vanuatu.