Vanuatu Citizenship By Investment Program 2021
The Vanuatu Passport Enables The Bearer To Travel To More Than 125 Countries Around The World On A Visa
Upon receiving the approval of citizenship, the remaining 75% of the donation becomes due. The final step is the Citizenship Oath ceremony, which can be completed remotely through Zoom, Skype, and similar online mediums. Your citizenship certificate and passport will be delivered to you through a registered courier company, such as DHL. The benefits of dual citizenship by becoming a Vanuatu citizen are immense. One of these benefits is to be able to travel visa free to 129 countries around the world, including the UK, Switzerland and Germany.
- Companies like Global Citizen Solutions permit payment in cryptocurrencies like Bitcoin, Ethereum, and Ripple.
- The easiest way is to apply for the citizenship of Vanuatu through the investment program.
- The last decade has seen a surge in the launch of Citizenship by Investment Programs allowing qualifying investors and their families to get residency in exchange for an investment in a country’s economy.
- His expertise includes Citizenship by Real Estate Investment, Taxation planning, and Startup Business Management in the Caribbean, European, and Schengen Region.
Applications are invited from all nationalities except Iran, North Korea, Somalia and Yemen, unless they’ve been living outside of these countries for 5 years or longer. The globally marketed Vanuatu Development Support Program, or Vanuatu DSP for short, was launched in early January 2017. The official website of the Vanuatu Citizenship By Investment Program can be accessed here. Find out more about the benefits of Vanuatu citizenship here, or contact us now to request a free consultation. Marc Gras is the Managing Director of Flag Theory and a business strategy and international structuring specialist experienced in multiple sectors.
Vanuatu Citizenship Program
Vanuatu, officially the Republic of Vanuatu, is an island country located in the South Pacific Ocean, east of northern Australia. An independent country since 1980, Vanuatu has since become a member of the United Nations, Commonwealth of Nations, Organisation internationale de la Francophonie, and the Pacific Islands Forum. Investments for a passport for Vanuatu are lower than in the Europe, where the starting investment is $250,000. We prepared useful videos about Vanuatu citizenship and comparisons with other programs on our Youtube channel. The citizenship acquired under the Development Support Program is fully recognized by the Government of Vanuatu and the nationality regarded as ni-Vanuatu.
Vanuatu’s Development Support Programme was launched in 2017 to promote infrastructure and economic development and allows an applicant to obtain citizenship by making an economic contribution to the government. Citizenship is fully recognised by the Government and is hereditary. Upon completion of your oath, you are finally required to pay your citizenship fee to enable the printing of your Vanuatu Citizenship Certificate. Prior to collecting a citizenship application form, you will be advised on whether or not you are eligible to become a Vanuatu citizen. Upon eligibility, you will be advised and provided the correct application form depending on the nature of your eligibility.
Vanuatu Nationality And Passport Programme
Free preliminary background check of an applicant and contract signing in one of our offices or remotely. At this stage, it will be sufficient to provide the passport copies of all family members who will be included in the citizenship application. An option to purchase real estate may be added to the citizenship program sometime in the future. It will be possible to recover the investment in real estate after a few years of ownership.
Proof of the ownership of assets with a minimum total value of USD 450,000, in established businesses, real estate, shares, bank deposits, among others. The procedures, cost, and the process of becoming a citizen of Vanuatu can appear confusing. Since 2015 when the protocols were first in place, numerous get-rich-quick types jumped on the opportunity and threw up websites hoping to tap into the market. However, as rules, prices, and procedures changed, the information on a variety of websites was never updated.
According to the DSP Regulation order No. 45 and 46 under Citizenship Act by the Prime Minister of Vanuatu, the official prices for Vanuatu Honorary Citizenship have been reduced, as officially announced by Government. It is essential that the processing agent is deeply familiar with the submission requirements so as to provide correct advice on documentation. This will minimize delays in processing – which can otherwise be significant. The cost of Vanuatu Citizenship ranges from a government mandated minimum fee of US$130,000, up to US$160,000 for a Single Applicant, and up to USD220,000 for a family of four. Samples of all the above documents should be available from the agent engaged to process the application. The Vanuatu Government has a policy of strict “non-alignment” – meaning it has no political enemies or disputes with anyone and is very far from The United States of America and Europe.
However, unlike the Dominican passport, Russia is not on this list. In all cases, citizenship can usually be obtained through an investment and/or donation of anywhere between USD 100,000 – 250,000. You can find more information about these affordable citizenships by investment programs in our article citizenship by investment. The benefit of these options is that they are extremely fast , with expedited possibilities in 2-3 months, no residency requirements, the passports can mostly be done online, and you do not need to visit the country beforehand. Israel offers one of the fastest and easiest paths to obtaining dual citizenship under their “Law of Return”. This option is available for all Jewish individuals or those with Jewish ancestry.
Whoever wants to acquire Nigerian citizenship by registration or naturalization must renounce citizenship of other nations or countries not obtained by birth. The Constitution further states that a person who has Nigerian citizenship by means other than birth but goes ahead to obtain or retain the citizenship of another nation ought to forfeit their Nigerian citizenship. Improve the agent management process by reviewing the written guidelines, having more stringent selection, training, performance, and disciplinary systems. Our Vanuatu Citizenship by Investment Programs provide investors and their families provides peace of mind and security for a lifetime, and is supported by legal expertise that has served the Middle East & Asia since 2007.
Now, some national states impose certain restrictions on foreign travel. In Turkey, for example, you have to pay a fee every time you leave the country. If you have a second passport, however, this problem will be easily solved. The desire to gain access to global financial services.A carefully chosen foreign passport will allow its holder to gain free access to a wide range of financial services at the international level.
They are reviewed by the Screening Committee and Citizenship Commission. Immigrant Invest’s lawyers send the documents to the citizenship program’s agent in Vanuatu, who then submits them to the FIU. The initial check on the investor and their family is carried out by the FIU. The deadline is 1 week, but usually the check is completed in 3-4 days. The applicant and Immigrant Invest’s lawyers prepare documents for verification by the country’s Financial Intelligence Unit . Usually the applicant’s passport, no criminal record certificate and CV need to be submitted.
The Ni-Vanuatu are predominantly Melanesian, with a mild mix of Polynesian. The country has rich traditions, but proudly declares itself a Christian nation, Turkish resident permit reflected in the wording in its coat of arms, “Before God we Stand”. Being part of the Commonwealth makes a Vanuatu passport very attractive.
The country’s capital and largest city are Port Villa and its official languages are Bislama, French and English – though over 100 languages are estimated to be spoken locally. Vanuatu Citizenship by investment is available through a government donation of $130,000 to a local development fund. Vanuatu is a small country in Melanesia (an island region north-east of Australia), consisting of 83 islands with a population of around 200,000. Before it gained independence in 1980, Vanuatu was called the New Hebrides.
If you want to involve your entire family in this type of investment, each family member incurs extra costs. The combination of amenities developed for the offshore business and tourist trades makes Vanuatu an attractive option for the second citizenship. Obtaining Vanuatu citizenship by investment through bitcoin entitles investors not only to reside on the island but also to access over 125 countries. This means you can travel to Great Britain, European Union countries, and Russia without a visa! Harris believes the government can implement and manage the surge of investors who want to avail Vanuatu citizenship by investment through bitcoin. The required investment, a non-refundable donation to the Vanuatu government, is $130,000 for a single applicant, and $150,000 for a married couple.
After three years you are eligible to apply for citizenship as long as you spend sufficient time in Armenia to maintain your residency. An individual with dual citizenship is a national of two countries at the same time. This means that each government recognizes the person as a citizen at the same time.
The Pacific investment passport programme is just one of many of Vanuatu’s advantages. Getting citizenship in a beautiful country that offers attractive tax incentives and is easily accessible to North and South America. Surpluses built up from its citizenship schemes have given Vanuatu the fiscal space to repay some of its external debt. In the first nine months of 2019, VUV 1,500 million (US $13.13 million) was used to prepay an existing EXIM Bank of China loan. In 2020 of the VUV 3,178.3 million (US $26.63 million) set aside to repay external loans, 65% is to repay loans ahead of time. The government’s revised budget indicates it plans to go ahead with this despite COVID-19.
The Vanuatu Citizenship by Investment program might not be the most well-known visa scheme, but it’s surely an interesting one. It could also diminish the value of Vanuatu passports, making it more difficult for Vanuatu citizens to travel. Mr Howes said Vanuatu could become seen as a “risky” country for banks to operate in, or even get added to international money laundering grey or blacklists, which would threaten the country’s ability to access international finance. ” which is also known as, Citizenship Vanuatu, Citizenship for Vanuatu and Vanuatu Citizenship can be found on this page “immigration to Vanuatu” but should not be treated as legal advice for Citizenship of Vanuatu. To become citizen of Vanuatu get legal Advice for Citizenship of Vanuatu or immigration to Vanuatu.
More exclusive offers and invites will be announced in the upcoming months leading up to the unveiling of the coveted Aditus VIP membership program. Aditus, the world’s first luxury access platform for crypto-affluents, has announced an exclusive partnership with the Vanuatu Information Centre . The VIC handles applications to the Pacific island’s honorary citizenship program which allows payment to be made in cryptocurrencies. Administrators identified a line item in one of the accounts under investigation for more than $1m(US$747,000) paid under four separate transactions with reference to “Vanuatu Passports”.
You can travel with a Vanuatu passport to 130 countries visa-free including Europe. You can also apply for an Australian visitor visa and a US tourist visa. We provide counsel & support on registering your offshore company in a suitable jurisdiction. We also offer value added services like nominee directors & registered address.
His expertise includes Citizenship by Real Estate Investment, Taxation planning, and Startup Business Management in the Caribbean, European, and Schengen Region. Ahsan Khaliq acclaims to introduce the idea of Citizenship and Residency by Investment in Pakistan. Residency by Investment route gives you the freedom to live and work in the country. Every country has its own set of rules Turkish citizenship 250.000 USD and duration before granting residency. Such a move would significantly enhance the attractiveness of Thailand as both a transit point for travelers to and from Vanuatu, but also promote faster development of trade and tourism between the two countries. A former British and French Colony, Vanuatu gained independence in 1980 and remains a member of the British Commonwealth.
This is not to say that they will travel anywhere in the world to put a new citizen to oath. However, if the air connection with Vanuatu is stable and there are no visa issues with the country that the Government representatives are travelling to, organizing the trip is quite possible. Our clients have taken oaths of allegiance to Vanuatu in Prague and Frankfurt in Europe, the UAE in the Middle East, and Hong Kong in Asia. If you would like to make use of this opportunity, it will cost you approximately US$10,000.
It’s an oxymoron that with such a confusing history and multiple CBI programs running concurrently, actually obtaining Vanuatu citizenship is extremely simple. All in all, Vanuatu still has a long way to go in terms of tax framework implementation and tax collection itself, but its economy is in no bad shape as it is, thanks to its CBI program. Vanuatu has managed to get removed from the OECD’s blacklist for money laundering, but it still remains blacklisted by the European Union due to failure to comply with its financial information sharing requirements. Back in 2000, there were only 57,000 visitors who came to Vanuatu. Now, over 100,000 people visit the islands every year, many of whom come for the premier scuba diving opportunities. So, let’s take a look at exactly what the program entails, untangle some of its labyrinthine rules and regulations, and look into how you can buy a Vanuatu passport.
In 1994, two Australian real estate developers presented schemes to the Vanuatu government involving the sale of Vanuatu passports to investors. However, the promoters were charged with fraud the following year, and the scheme failed. Starting from January 2017, the Government of the Republic of Vanuatu has launched the Development Support Program for the purpose of raising funds to support infrastructure and promoting economic development of the country. The citizenship by investment is a new provision enacted under the Citizenship Act with the powers conferred on the Prime Minister. Candidates may apply for work permit turkey by contributions to the Government.