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Vanuatu Citizenship by Investment Program- All You Need to Know in 2024
Amidst the southwestern Pacific Ocean lies the republic of Vanuatu made up of roughly 80 smaller islets. Vanuatu is known for its picturesque views, reef-diving sites, and much more.
Vanuatu’s Citizenship by Investment program enables families to strategically plan for their future while taking advantage of the various features offered by the island’s natural beauty.
We will explore more about Vanuatu’s Citizenship by Investment program, its benefits, investment options, process timeline, and more that will help you understand how this program may align well with your needs.
More about Vanuatu
Vanuatu is an island country situated in the Oceania continent. It is known for its tropical beaches, water sports, rich culture, and more. The country’s population is about 342,000 with Bislama and English as the widely spoken languages ensuring a well-knit community lifestyle.
The capital city of Vanuatu, Port Vila, is a prominent location for modern city life with several market stalls and tourist attractions. It is also home to the nation’s international airport and serves as an economic center of Vanuatu.
About the Program
Vanuatu’s Citizenship by Investment program was launched in 2017 with the aim of enhancing the country’s economic development while providing investors the opportunity to attain international citizenship.
Since then, the program has gained recognition to be one of the fastest routes to obtain second citizenship. With a timeframe of just 3-4 months, individuals can acquire Vanuatuan citizenship with a range of advantages to achieve a secure future.
Ranked as the 53rd strongest passport in the world, Vanuatu’s passport facilitates visa-free access to over 90 destinations globally. This allows individuals and families to diversify their possibilities and travel across the world with autonomy.
What are the benefits of investing in Vanuatu’s Citizenship?
Vanuatu’s Citizenship is known for its wide range of advantages. This enables individuals and families to build a lasting legacy of freedom, security, and a high standard of living for generations to come.
Here are the top 7 highlights of Vanuatu’s Citizenship:
- Global Mobility: Acquiring citizenship in Vanuatu allows individuals and families to enhance global mobility, granting them visa-free access to more than 90 destinations worldwide. This facilitates easy, fast, and hassle-free travel for both professional work and leisure.
- Business Diversification Opportunities: As a developed and growing economy, Vanuatu’s citizenship can assist investors to diversify and maximize their assets in the country. This will also allow access to international markets and banking systems expanding global reach.
- Inclusion of Family Members as Dependents: Vanuatu’s citizenship recognizes the importance of family and allows spouse, children, siblings, and grandparents under the application. This allows the main applicant to secure the future of their loved ones with access to premium facilities.
- Tax-Friendly Environment: Apart from its exquisite beauty, the nation of Vanuatu is also known as a tax haven free of personal income tax, capital gains tax, inheritance tax, and wealth tax. Regardless of whether the income is earned within the country or overseas, individuals are exempted from paying any local taxes.
- Fast Processing Time: Individuals and families can acquire Vanuatuan citizenship within the timeframe of just 3-4 months. This makes the process easy, fast, and stress-free for individuals looking to diversify their passport portfolios.
- Return on Investment: Investors can gain high returns on investment of up to 5% every year when they invest in the option of CNO Future Fund of Vanuatu’s Citizenship program. This presents a lucrative option for investors to optimize their finances and acquire a second citizenship.
- Lifelong Assurance: Vanuatuan citizenship status is granted for life and can be passed to future generations. This offers long-term security and stability to families, promising an elevated and comfortable standard of living to future generations.
Eligibility Criteria for Vanuatu’s Citizenship
To obtain Vanuatu’s citizenship, an applicant must complete the following:
- Applicant must be at least 18 years of age.
- Applicant must have a clean criminal record.
- Applicant must establish a legitimate source of funds.
- Applicant must provide personal records such as birth certificate, marriage certificate, bank statements, etc.
- Applicant must comply with the due diligence procedure.
Investment Options for Vanuatu
To acquire Vanuatu citizenship, individuals can choose from the following investment options.
Vanuatu Development Support Program: This form of investment serves as a donation to develop Vanuatu’s economy and public infrastructure. Through this investment route, an applicant receives Vanuatu Citizenship by making financial contributions, which are used to support government funding and infrastructure projects.
By choosing this investment option, you also become a significant figure in shaping the country’s growth and progression.
Minimum Investment Amount for a single applicant: US $130,000
CNO Future Fund: This option falls under the Capital Investment Immigration Plan (CIIP) investment category. Through this option, investors can buy shares of the CNO Future fund holding company. This firm is dedicated to promoting and developing coconut oil production that can be used as a renewable energy source. The investment must be held for a five-year period. It is also the only investment option in Vanuatu offering investors a return on investment of up to 5% yearly.
Minimum Investment Amount for a single applicant/ family up to 5: US $157,000
Step-by-step process
The process of applying for Vanuatuan citizenship is easy, fast, and streamlined. To simplify the process timeline further, here is the step-by-step procedure to obtain Vanuatu’s citizenship.
Initial Consultation : The first step involves consulting a licensed agent about your specific needs to identify a suitable program that aligns with your requirements.
Pre-Approvals and Eligibility Assessment : Once you have selected the chosen program as per your needs, consult with your agent to evaluate your eligibility, understand the documentation process, and address any inquiries you may have. During this step, you must gather the necessary documents needed for completing your application.
Document Checklist
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- Passport copy
- Birth certificate
- Proof of funds through bank statements
- Medical insurance
- Police clearance
- Proof of residence
Please note these documents are part of the process to acquire citizenship by investment
Application Processing: This step includes gathering the required documents such as birth certificates, source of funds, police records, etc. This will be verified and cross-checked by the Financial Investigation Unit (FIU) to ensure that the provided information is accurate.
Fulfilling Payment : In this step, the investor can fulfill the chosen route of investment requirements. The Citizenship Commission will review and verify the application to complete the process.
Completing Biometrics : Once the documents and payment requirements are processed, the main applicant and family members must submit biometrics.
Oath Ceremony and Issuing the Passport: Attending an oath ceremony is a significant step before acquiring Vanuatuan citizenship. Once completed, applicants will be issued a Citizenship certificate which will enable them to apply for Vanuatu’s passport and successfully achieve the country’s citizenship.The entire process to obtain Vanuatu citizenship usually takes between 3-4 months, depending on the documentation and payment processing time. The structure of the application is easy, fast, and hassle-free.
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Get in Touch
Considering embarking on the journey towards a second citizenship through investment? We’re here to guide you every step of the way. Our team of experts is just a call or an email away, ready to provide you with bespoke advice tailored to your unique needs. Reach out to us on +971 4 393 0 393 or drop us an email at info@uno-capital.com.
For your convenience, our contact form is also available for any inquiries or to schedule a consultation. Let us help you navigate the path to your new citizenship, ensuring a seamless and secure investment process.
