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Vital Information And Benefits Of A Vanuatu Second Passport

citizenship by investment

Vital Information And Benefits Of A Vanuatu Second Passport

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Best Vanuatu Citizenship By Investment Program 2021

Permits For Entry And Residence

The islands also stretch as far as east of New Guinea, west of Fiji and southeast of the Solomon Islands. The country is also known for its magnificent coral reefs and canyons. All this beauty attracts a wide variety Turkish resident permit of foreigners ranging from investors, tourists, retirees and explorers. A second passport from a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country.

At Stanford Knight & Partners, we believe its important you know exactly who you are dealing with. Our advisory team have lived and resided in Vanuatu since 2004. We are experts at conducting business in the region, with specialist areas including digital currency, financial markets, administration, government policy advisory, tourism, property and investment industries. Vanuatu offers a streamlined route to citizenship-by-investment with no physical residency required and an attractive offering for investors seeking visa-free travel to the European Union, United Kingdom, Russia, Singapore, etc. The Vanuatu Development Support Program was created by the Government of Vanuatu in 2017.

Vanuatu Trade Mission To Deliver Passports To Vanuatu Citizens From Dubai

Stanford Knight & Partners are a fully Accredited Master Agent of the Vanuatu Government to process citizenship applications. We charge no additional fees and offer a faster comprehensive service. Vanuatu has no corporate tax, no income tax, no capital gains tax, no estate tax, no wealth tax, no withholding tax, no gift tax and no other personal income taxes. Priority delivery of new citizenship documents, passport and ID card direct to your residence. Vanuatu has the highest Happy Planet Index Score outside of the Americas.

vanuatu passport

But now, thanks to the virus and the economic collapse around it, countries are starting to slash prices even further. Antigua and Barbuda slashed its donation minimum in half, making it by far the cheapest solution for a family of four. Members of Total Access, our highest level of membership, can get passports from all five Caribbean CBI programs EVEN cheaper today. St. Lucia reduced its price for a single applicant to $100,000 and is now, in our opinion, the best value out there . They first dropped in price after the 2017 hurricanes badly damaged a lot of the islands. Many countries in the Caribbean realized they needed a lot of money for rebuilding broken infrastructure.

Investment Program In African Countries

TheObjective of the Plan is to facilitate and attract overseas investors. Vanuatu has passed and enacted all necessary legislation and regulations. The contribution starts from$130,000 to the Vanuatu Development Support Program fund.

vanuatu passport

These blank pages will accommodate for any visa stamps that are necessary to be stamped. Oath taken and original passport presented in either Vanuatu or your nearest mission. The Commissioner of Oath and a passport officer can be invited to your home country to take the oath and present the passports. Application including nomination form and supporting documents sent to Vanuatu.

As of mid-August, Vanuatu had earned around $US84.6m in revenue from citizenship sales in 2020, a rare economic success in a cyclone-hit year of fiscal strain for the Pacific nation. Trade in citizenship for investment has been an increasingly significant revenue earner for Vanuatu in recent years. This year, as the Covid-19 pandemic has caused an increase in citizenship sales in general around the world, Vanuatu is tracking for a record level of sales. There are many excellent citizenships by investment programs out there to choose from, but in this article, we will focus on three of the most affordable options. The good thing here is that these three programs are also up there with the best in terms of quality and simplicity. So, this is one of those cases where the cheapest might actually be the best anyway.

vanuatu passport

For example, you could meet the officials in a place like London or Dubai. This option obviously involves extra fees, as you must pay for the travel and accommodation of the Vanuatu officials at your nearest Consulate. The government recognized just how confusing this was and that it made investors doubt the quality of Vanuatu’s CBI program.

In fact, you do not even need to visit the country beforehand, it can all be done online, the citizenship lasts for life and can be passed down for future generations. It’s a straightforward process that involves setting up a local company and opening a bank account with a fairly small sum. Having dual citizenship allows you to become a citizen of two or more countries at the same time.

Vanuatu, officially known as the Republic of Vanuatu, is an archipelago nation, spread across 82 islands in the south Pacific Ocean. 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. All documents must have law firm turkey APOSTILLE seal to be accepted in Vanuatu. Vanuatu is a member of Hague convention, so any document issued by a country abroad must have apostille seal to be accepted in Vanuatu. There is no required to visit or live in Vanuatu after receiving your passport. You can renew your passport by paying small passport issue fee ($60).

The Pros Of Vanuatu Citizenship

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. Previously the price for single person applying for citizenship was $220,000. Secure your future with second residency or citizenship abroad. Applicants must supply a clean police clearance certificate from their country of origin, or from the jurisdiction in which they’ve resided for the past 12 months . Devisers is a leading immigration law firm with head office based in London – UK along with distinctive presence internationally. The organisation formed with professional experience among the management.

vanuatu passport

New regulations allowing either the Chairman of the Commission or the Prime Minister to sign the required documents cancelling out the “honorary” terminology as both passports are the same. Receive your citizenship certificate and passport at the nearest Vanuatu consulate. Prospective CIP Investors must invest atleast $200,000 in any of the followed approved real estate projects by the government. Visa free travel to 113 countries including Russia, United Kingdom and EU Schengen states. Best Citizenships is a global brand and online platform for citizenship and residence planning for HNWI clients. Our online platform makes it cheaper and faster for clients without any brokers or middlemen.

Vanuatu issued roughly 2,200 passports in 2020 through these programs – more than half were to Chinese nationals. After Chinese, the most common nationality of recipients was Nigerian, Russian, Lebanese, Iranian, Libyan, Syrian and Afghan. Twenty people from the US, six Australians and a handful of people from Europe were also among those who applied.

vanuatu passport

Andrew Henderson is the world’s most sought-after consultant on international tax planning, investment immigration, and global citizenship. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”. There are two ways to become a Vanuatuan; either pay a lump sum upfront for their modified citizenship by investment program or merely wait out the naturalization period and claim your passport years from now. After applying for citizenship, you will enjoy all of the benefits of the Vanuatuans.

  • The combination of amenities developed for the offshore business and tourist trades makes Vanuatu an attractive option for the second citizenship.
  • The Guardian has found that a number of Vanuatu applicants are heavily implicated in a complex web of offshore business, with some owning shell companies with no discernible business activity.
  • The Vanuatu Citizenship Program (Development Support Program – DSP) was created by the Government of Vanuatu in 2017.
  • Here I’m going to give you the rundown on the essential information for visiting Vanuatu’s Blue Lagoons.

If you are not in possession of all your documents during the trip, make sure to contact the travel insurance agent or the travel agency you used so that they can provide you with the documents. When applying for the new passport in place of the Passport lost in Cambodia, you will have to submit some documents. If you a have lost your passport in Cambodia or if you think it is stolen or misplaced, then there are a few things that can be done right away.

Citizenship-by investment programs attract a number of high net worth individuals in developing nations, looking to add a second passport in their investment portfolio. A second passport provides a greater mobility along with visa free travel freedom. The CBI passport market has turned into a $5 billion industry annually.

The machine readable passport improves the integrity of the Vanuatu passport and makes it easier for Vanuatu passport holders to be processed through borders. The tropical chain of Vanuatu islands in the Pacific Ocean has no military at all. Vanuatu is a peaceful country despite its immense cultural diversity . Once the Oath of Allegiance is completed, your passport will be issued. A Citizenship Certificate is then issued, and you are required to take an Oath of Allegiance.

People do not have to pay taxes on wealth, income, capital gains, inheritance, or export of capital. European bank accounts – The passport of this country allows you to create a bank account with European banks. This enables you to deposit money, take out loans, and administer simple currency transactions. Low investment cost – A foreign applicant can invest around 130,000 dollars into the country’s economy and obtain a Vanuatu passport. The Centers for Disease Control and Prevention has not issued a Travel Health Notice for Vanuatu due to COVID-19, indicating an unknown level of COVID-19 in the country. Your risk of contracting COVID-19 and developing severe symptoms may be lower if you are fully vaccinated with an FDA authorized vaccine.

vanuatu passport

Vanuatu provides citizenship for 260,000 US dollars per person which is under the CIIP. Such citizens do not have a right to vote law firm istanbul or run for public office. Vanuatu has revoked more than 35 persons for involving in financial fraud and wanted by interpol.

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