Vanuatu Citizenship By Investment Program Overview

Vanuatu Citizenship By Investment Summary

Vanuatu has been seeking to boost its economy through immigration investment for several years, even amending its constitution in 2012 to permit dual citizenship. The South Pacific island attracts investors and applicants for its passports from all over the world.

Vanuatu in 2017 introduced the Development Support Program, which confers “honorary citizenship” on investors who cut a check to the government for $80,000 (for an individual investor) or $130,000 (for a family of four); additional fees and costs apply. Successful applicants can look forward to getting a new passport within two months, and to enjoying citizenship of a lush tropical nation with no residency requirement and a remarkably favorable tax code.

The island nation in April 2021 amended its citizenship by investment law to allow investors to put their money in government-approved real estate projects. Vanuatu citizenship by investment applications under the Real Estate Option Program are required under the law to be resolved within three months.

Citizenship By Investment Vanuatu

Vanuatu offers two streams towards citizenship: a donation to the government and the Real Estate Option Program. The donation required is currently set at $130,000 for an individual applicant, or $180,00 for a family of four. There is no minimum physical presence requirement in order to maintain citizenship.

The Real Estate Option Program allows foreign investors to sell houses, condominiums, apartments, but not vacant land. There is no unlimited free hold on the real estate, but the lease is reportedly for 75 years.

How to Apply for Vanuatu Citizenship by Investment

Speed of processing is a big selling point for Vanuatu: applicants can expect their paperwork to be handled in a matter of weeks. The applicant first submits basic documentation — such as a police report, birth certificate, and notarized copy of the applicant’s passport — along with their due diligence fee. Once the due diligence is completed, the applicant submits 25% of the donation due to the Citizenship Commission, which convenes on a biweekly basis. After approval by the Citizenship Commission, the remaining balance of the donation (75%) is due, and the applicant must take an oath in Vanuatu or at a consulate in order to officially become a citizen.

The Vanuatuan CBI offerings have not yet been promoted especially effectively, and widely varying information has been published online. Even official government websites are frequently badly out of date, so potential investors should be cautious about trusting information they find online.

In principle, investors can seek advice and assistance from one of a number of “master agents” appointed by the Vanuatuan government, most of whom are based in Vanuatu. Caution should be exercised in dealing with people representing themselves as agents; at a minimum, legitimate agents should be able to show a letter from the Vanuatu Citizenship Commission or from one of the master agents, authorizing them to promote the Development Support Program.

The government advises applicants to obtain application forms directly from the Vanuatuan Citizenship Office. Contrary to reports in late 2017, Vanuatu is not currently accepting payments in Bitcoin or other cryptocurrencies.

Mobility

The Vanuatuan passport is a respected, mid-ranked travel document permitting visa-free travel to 130 countries, including Russia, Singapore and the Schengen Area.

Country

Long known as a tax haven, Vanuatu has been taking steps since 2008 to increase transparency; still, financial services remain an important part of the economy, and new citizens can enjoy a friendly tax regime with no income, withholding, capital gains, or inheritance tax. The South Pacific archipelago, made up of over 80 islands strewn across a distance of more than 800 miles, is known for its tropical climate, golden beaches, extraordinary scuba diving, and rumbling volcanoes. The islands’ remoteness is their major selling-point: despite its natural beauty, Vanuatu remains largely untouched by the global tourism trade.

Updated by Laszlo Kiss and Uglobal Staff

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