Vanuatu Citizenship by Investment
Starting from January 2017, the Government of the Republic of Vanuatu has launched the Development Support Program (DSP) 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 Vanuatu Honorary Citizenship by contributions to the Government of USD 80,000 per single applicant or USD 130,000 for up to 4 family members family. The citizenship by investment acquired under the program is fully recognized by the Government of Vanuatu and the nationality is regarded as Ni-Vanuatu (Vanuatu citizen). Those applying for and receiving citizenship by investment have the full right to reside in Vanuatu at all times and the passport is renewable upon expiry. Moreover, citizenship is inherited by future generations. The applicant must not have any criminal record and must be of high standing in his or her community, organization, society or country. Passports are valid for a period of 5 years renewable for the same period.
Key Benefits of Vanuatu Citizenship
- Vanuatu passport gives access to 125 visa-free or visa on arrival countries including the United Kingdom, Schengen Area and Singapore. Vanuatu also has a mutual visa waiver agreement with and Russia. You can stay up to 90 days within any 180 periods in a Schengen country and 6 months in a year in the United Kingdom.
- Vanuatu is a member of the Commonwealth and its citizens are considered Commonwealth citizens granting them additional rights in the United Kingdom and certain Commonwealth countries.
- Vanuatu has zero corporate tax, it also has 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. Aside from a locally applied 12.5% VAT, there are almost no taxes at all. Vanuatu is business-friendly.
- You can add most of your family to your application (children under 25 years old, parents aged 65 and above).
- Completely confidential process.
Citizenship Application Process
The process involves a preliminary verification and due diligence verification. Once those are passed, the application is straight forward if all required documents are provided. Usually, it takes about 6 to 8 weeks to complete the full process.
Vanuatu Citizenship Costs (in US dollars)
Single application – 80,000
Investor and spouse – 100,000
Investor, spouse and one child – 115,000
Family (up to 4 persons) application – 130,000
Due diligence fee per application – 2,000
Additional Application Fees for larger families
Each additional child - USD 15,000
Each dependent child of 18 to 25 years old - USD 15,000
Each dependent adult over 65 years old – USD 15,000
Legal and professional fees charged by “Elma Global” – USD 30,000 per family up to 4 members and USD 35,000 for larger families.
Questions and Answers on Citizenship by Investment in Vanuatu:
Question: What is the validity of Vanuatu passport, received under the DSP program?
Answer: Passports are valid for a period of 5 years renewable for the same period without any special fees.
Question: How many countries are in the visa-free list for the citizens of Vanuatu?
Answer: Currently there are 125 visa-free or visa on arrival countries for the holders of Vanuatu citizenship, including EU, United Kingdom, Singapore and Russia.
Question: Is the advertised 4 weeks period for the whole process realistic?
Answer: Yes, the process from the start of the application till the day when actual passports are issued normally takes up to 4 weeks, but we prefer to reserve a time period of up to 6 weeks to be sure.
Question: Citizens of how many countries currently are banned from participation in Vanuatu’s DSP program?
Answer: There are five countries in the list: Iran, Iraq, Syria, North Korea and Yemen.
Question: Is it possible to register an offshore company with Vanuatu citizenship under DSP?
Answer: Offshore company is not part of the standard citizenship package but we can incorporate company in Vanuatu for our clients for additional fee.
Question: Are there options to get Vanuatu citizenship by real estate investments like in some Caribbean countries?
Answer: There are no such options under the official Vanuatu citizenship program.
Question: Is it still possible to pay for Vanuatu citizenship with Bitcoins?
Answer: No. Neither Government nor our company accept Bitcoins. The source of information about Bitcoin payments in the news was not verified. After the false news Government of Vanuatu published official denial of the possibility to pay in bitcoins.
“Elma Global” has partnered with a local designated agent with office in Vanuatu to offer a better, more trusted and professional legal service. If you have any question regarding above-mentioned material or wish to use our legal assistance in obtaining second citizenship in Vanuatu, contact us today. When you send us an e-mail, please, indicate your citizenship, country of residence, and age of every family member to be included into application. We must have this information to quote the fees and expenses applicable in your case.