The Vanuatu Development Support Program is a straightforward and affordable way to obtain citizenship in a beautiful and welcoming country. The program offers a range of benefits that make it a great choice for investors seeking security, financial opportunities and more.
The country’s favorable tax system with no income, capital gains, or inheritance taxes creates an environment where individuals and businesses can thrive. Read on to learn more about The Top 10 Benefits of Holding Vanuatu Citizenship.
1. Visa-Free Travel
A Vanuatu passport allows its holders to travel the world without worrying about visa applications or embassy visits. This makes globe-trotting a seamless experience, making it more accessible and enjoyable for travelers.
Furthermore, a Vanuatu citizenship offers the benefit of tax-free income. Citizens don’t pay taxes on their global income, capital gains, inheritance, or donations, which is a significant incentive for investors and business people.
Vanuatu’s CBI program is one of the simplest and most affordable in the world, providing applicants with visa-free access to more than 100 countries within a month. Moreover, unlike other programs, this program provides passports for the entire family, including spouses and children. Therefore, obtaining a Vanuatu passport can be an investment for the entire family. This is particularly beneficial for families with young children.
2. Tax-Free Income
Vanuatu’s biodiverse and tropical islands attract retirees, investors, high-net-worth expats and professionals looking for a second citizenship. Through its citizenship-by-investment (CBI) program, the country issues passports in as little as a month to qualified applicants and their families.
The country’s unique CBI program offers a range of benefits, including untethered access to Australia and New Zealand, great tax advantages, no residency requirements, no tests or interviews, and the ability to include close family members in the application.
Applicants must make a contribution to either the National Development Fund, real estate project, or sustainable agriculture fund, in addition to government processing fees and agent handling charges. They must also take an Oath of Allegiance administered by a government official or authorized agent, promising to uphold the principles and responsibilities of Vanuatu citizenship. They are also required to pass a background check with the Financial Intelligence Unit (FIU). The minimum investment amount is USD 130,000 for the main applicant and USD 250,000 for a family of four.
3. Financial Opportunities
Vanuatu is a popular destination for individuals looking to invest in the country and take advantage of its growing economy. The country offers many benefits for citizens including visa-free travel, tax-free income, and a safe and secure environment.
The country’s citizenship by investment program is one of the quickest and most cost-effective in the world. The program requires a non-refundable contribution to the National Development Fund starting at $130,000 for a single applicant.
The programme has attracted a number of high-profile investors. Documents obtained by the Guardian reveal that a Syrian businessman and close advisor to President Assad was granted citizenship in 2021 through the programme, as were a senior North Korean politician and his wife. In addition, a Russian lawyer and an Iranian banker were also approved for passports. All applicants are thoroughly checked by the government’s Financial Intelligence Unit (FIU) for criminal records, global blacklisting and sanctions.
4. Diverse Investment Opportunities
Vanuatu is known for its pristine natural beauty, rich cultural heritage, and compelling Citizenship by Investment (CBI) program. This CBI program is attracting global investors who seek a second citizenship and enhanced mobility.
The CIIP investment program offers foreigners the opportunity to invest in sustainable and growth-oriented sectors of Vanuatu’s economy such as tourism, agriculture, real estate, and more. This investment program is backed by the government of Vanuatu and provides its investors with visa-free travel to over 100 countries, tax benefits, and other financial advantages.
In order to qualify for this program, applicants are required to submit the initial set of documents. Afterwards, the CIIP’s intermediary company lawyers will verify these documents and conduct due diligence. Upon completion of this process, the investor will make a full investment in the CIIP program and take the oath of citizenship.
5. Security and Political Stability
Vanuatu is a peaceful South Pacific island nation that is renowned for its stunning landscapes and rich Melanesian culture. In addition, it is a safe country that enjoys a low crime rate and is not involved in any international conflicts.
It is also one of the few countries in the world that offers visa-free travel for its citizens and their families. Furthermore, it does not impose taxes on capital gains, inheritance, or interest income.
As such, it is a perfect destination for individuals and families who want to diversify their investment portfolios and expand their global reach. Furthermore, Vanuatu allows its citizens to apply for Commonwealth scholarships and study at top universities in the UK. It also recognizes dual citizenship and does not require renunciation of prior citizenship. This makes it an attractive option for those looking for a second passport.
6. Easy Access to International Markets
Vanuatu is renowned for its favorable tax system, which gives its citizens a unique financial advantage. Citizens of Vanuatu pay no capital gains, global income, or inheritance taxes, which makes the country an attractive location for business people and investors seeking to optimize their international tax structures.
In addition to the financial benefits, franknez.com notes that the country’s security and political stability make it a desirable place for families to live and invest in. Moreover, its economic citizenship program is one of the fastest in the world, with only a $130,000 contribution required for single applicants and additional investment amounts available for families of four or more. The program also requires no physical presence, as the Oath Swearing Ceremony can be held at any convenient location around the globe. This makes it easy for families to access a second passport together, without needing to travel to the island.
7. Visa-On-Arrival
Located in the South Pacific, Vanuatu is best known for its pristine beaches and exotic scenery. This stunning archipelago also has a diverse economy and offers many opportunities for investors. The country’s investment-friendly tax policies and favorable climate make it a great destination for second citizenship.
Moreover, Vanuatu passport holders enjoy visa free or visa on arrival access to 96 countries and territories. This includes the UK, Russia, Singapore, and Hong Kong.
Furthermore, the citizenship program allows for family reunification, with applicants being allowed to include their spouse and children in their application. The process is quick and straightforward, with no residency or language requirements. It is one of the fastest passport programs in the world.
8. Peaceful Environment
Besides its scenic landscapes, Vanuatu also offers a peaceful environment to live and work. The country is known for its security measures and political stability, which makes it an attractive option for those seeking a safe place to invest their money or settle in.
Additionally, the country upholds strict privacy laws, ensuring that your personal and financial information remain confidential. This is a major benefit for individuals who prioritize their privacy and confidentiality and want to avoid being exposed to data breaches.
As a citizen of Vanuatu, you can also enjoy opportunities for family reunification and quality education. The country’s economic citizenship program allows you to include your family members in the same application, allowing them to travel and reside in this beautiful nation together. Furthermore, the country’s reputable educational institutions offer a range of academic and vocational programs.
