Launched in 2017, Vanuatu’s Citizenship by Investment (CBI) program is a legal route to second citizenship for foreign investors. It is the only program of its kind in the South Pacific and has quickly established itself as one of the fastest and most efficient programs on the market when obtaining citizenship through investment for an individual and his/her family. All that is required is for applicants to meet the minimum requirements, pass due diligence checks and make a qualifying investment into the country to be considered eligible for citizenship.
More and more high-net-worth individuals from the Middle East and every other corner of the globe are choosing to apply to Vanuatu’s CBI program. But the question that is probably floating around your mind right now is: what makes the Vanuatu Citizenship by Investment Program so great? Fortunately, we have the answer:
Benefits of the Vanuatu CBI Program Application Process
Freedom of movement
A Vanuatu passport grants its holder visa-free and visa-on-arrival access to over 125 countries and territories, including Russia, Hong Kong, Singapore, the United Kingdom and the Schengen Area. So naturally, this freedom of movement is one of the biggest motivations for high-net-worth individuals to apply for second citizenship in Vanuatu. This makes travelling around the globe for business or pleasure much more accessible and will save you time and money.
Favourable tax regime
You work hard for your money, so you shouldn’t have to see a massive portion of it go to taxes. Fortunately, Vanuatu has no tax on global income, inheritance, capital gains, dividends and gifts – meaning you can retain most of it with you. According to the World Bank, this is particularly beneficial to entrepreneurs, and people in business as Vanuatu has been named one of the top 100 countries in the world for ease of doing business.
No physical visits or residency requirements
One of the great things about the Vanuatu Citizenship by Investment program is that it does not require applicants to be physically present in the country before, during, or after issuing a passport. Therefore, you don’t need to visit or reside in the island nation unless you want to. Instead, the citizenship application and all supporting documents are submitted and handled exclusively by a licensed, government-authorised agent like Savory & Partners.
Dual citizenship and confidentiality
There is no need to renounce your current citizenship(s) to obtain a Vanuatuan passport, as dual citizenship is permitted. This means you can enjoy the rights and advantages of both your original nationality and second citizenship. The Vanuatuan government operates on discretion and confidentiality and will not report your second passport to your country of first citizenship.
Some residency by investment and citizenship by investment programs will require you to pay the total cost associated with the application procedure before you can submit any documentation or receive approval. Vanuatu, however, only requires its applicants to pay due diligence fees and 25% of the required contribution before submitting their package of documents. The remaining amount of the contribution must be paid only after the government approves the application. This makes for a transparent application procedure where the investor can have ease of mind every step of the way.
Fast and efficient process
Vanuatu’s CBI program was designed to be fast and efficient. You will find no other country with a citizenship process that is as quick as Vanuatu’s. The entire application procedure can take anywhere from as little as 45 days for an investor to receive their certificate of naturalisation and a second passport. Even in the Caribbean, it usually takes about 3 to 5 months. So if you’re in a bit of a hurry to acquire a second citizenship, then Vanuatu is your best bet.
Although it is fast, the CBI program still maintains a high standard when vetting prospective citizens. That being said, the government of Vanuatu does not require applicants to pass any interview, language test or possess any previous work experience to be eligible for citizenship.
Family can be included
You won’t have to embark on this citizenship by investment journey alone. Individuals can apply for citizenship as a single applicant or as a family. Eligible family members who can be added to the application include the spouse of the main applicant, biological or adopted children under the age of 25, and parents of the main applicant or spouse who are above the age of 50 years old.
Please note that parents and children older than the age of 18 must be dependent on the main applicant to be considered eligible.
Citizenship – Granted for life
Once you and your family obtain citizenship in Vanuatu, it is for life. Citizenship can be passed down to your descendants. However, your Vanuatu passport is only issued for five years, with the right of subsequent extension for an additional five years. You are not required to visit the country to renew your passport.
Book A Free Consultation
When deciding to apply to any Citizenship by Investment program, please be sure to render the services of a government authorised agent and advisor like Savory & Partners. The internet is rife with fraudulent companies offering scams that promise citizenship or residency within an implausible timeframe and at an impossibly low price. If it’s too good to be true, then it probably is.
Savory & Partners is a government-approved agency that specialises in high-net-worth individuals applying to any Citizenship or Residency by Investment program. We are a British Authorised Agent with decades of experience who has helped over 1200 families obtain second citizenship and have a 100% success rate in the industry.
If you would like to apply to the Vanuatu CBI program, do not hesitate to contact us today for a free online consultation. One of our agents will happily aid you in your enquiry. Our team members have at least five years of experience in Citizenship and Residency by Investment Programs.
We are available on every channel convenient for you.