Vanuatu
Development support program in Vanuatu
Capital: Port Vila
GDP: the US $890 million.
Language: English, French, Bislama
Air temperature: average annual temperature is 24 °C
The Vanuatu program is one of the fastest options for investors looking for second citizenship and a new passport. The procedure can be completed within one month; citizenship is granted at the end of this period if the applicant meets the requirements.
The benefits of Vanuatu citizenship are the following:
- Visa-free entry to more than 129 countries and territories around the world, including the UK, the EU and Ireland;
- No residency requirement;
- Lack of agreement on the exchange of tax information and bank secrecy;
- The process of obtaining citizenship is confidential;
- Ability to obtain long-term visas to the U.S. and Canada;
- All successful DSP applicants will receive an international Vanuatu company with a bank account in Vanuatu with no extra charge;
- The Republic of Vanuatu does not charge income tax, property tax or inheritance tax.
Investment options
At the moment, there is only one investment option - the Development Support Programme (DSP)
Requirements to the investor are as followed:
- An applicant has to be over 18 and under 65 at the time of application;
- Applicants must have an impeccable reputation and must provide an original certificate of criminal record from the country in which they have resided for the past 12 months;
- Applicants must have a minimum of $500,000 in net personal assets upon application out of which at least $250,000 should be in bank assets.
An investor who plans to acquire citizenship makes a contribution without the possibility of its returning. The fund is not-for-profit and is subject to parliamentary oversight, transparency and accountability. The smallest amount of investment is 150 thousand dollars; in addition, it is required for each family member to make a contribution.
Cost of participation in the programme |
from 150 000 USD to 250 000 USD depending on the number of applicants |