Nestled between Australia and Fiji, Vanuatu is an enticing destination with picturesque views. However, few know that it is also a crypto-friendly tax haven that values your confidentiality, and you can become its citizen through an investment program. Let's dive in to discover how to receive Vanuatu citizenship through a couple of easy steps.
Application Terms
Citizenship of Vanuatu may be acquired in a little over a month if you submit an application to an investment immigration firm like www.astons.com. During this time, you’ll be provided with a free consultation from immigration advisers on the documents you need to collect and the requirements you need to meet. After submitting the documents and receiving a pre-approval of your application, you will be a proud holder of a Vanuatu passport in just 30 days.
Requirements and Cost
An applicant of Vanuatu Citizenship Program has to meet a few legal and financial requirements:
- Provide proof of funds. Vanuatu citizenship application requires proof of a minimum $250,000 bank account balance to make sure you have enough funds to invest.
- Undergo a due diligence check. You have to prove that you are a legitimate owner of your funds and have accumulated them legally.
- Make a contribution to the National Development Fund. The investment sum for one applicant is minimum $130,000. It is paid in two parts: 25% after receiving a pre-approval of your application, and 75% after the Vanuatu Government fully approves your citizenship. Other investment options are available for family applications:
- $150,000 for a married couple;
- $165,000 for a married couple and one child;
- $180,000 for a married couple and two children.
- Have no criminal record. Clean record includes absence from sanctions lists, having no bans or proceedings against you.
- Provide a medical certificate. To avoid burdening Vanuatu health care system, applicants have to be in good health.
Benefits of a Vanuatu Passport
In addition to your spouse and children, your application may also include your parents and grandparents. With Vanuatu citizenship, you gain a visa-free access to over a hundred countries worldwide, Hong Kong and Singapore among them, and fast processing in Commonwealth countries like Canada, Australia, and New Zealand. As Vanuatu allows dual citizenship, you don’t have to renounce your current citizenship, or even report having a dual citizenship. Vanuatu tax system does not include a personal income tax or capital gains tax. Unfortunately, this investment citizenship program is not available for Iran, Iraq, North Korea, Syria, and Yemen citizens unless they have lived elsewhere for more than 5 years and have permanent residency in another country.
Additional Expenses
Apart from the main contribution, you need to consider some additional expenses during your application process. To receive a pre-approval of your application, you’ll be required to pay due diligence fees. Your documents may need an apostille and translation, as immigration advisers may inform you during a consultation. Upon the issuance of the citizenship certificate, you will complete an Oath Swearing Ceremony. You may travel to Vanuatu to take your Oath or arrange it at your preferred location for an extra payment.
Conclusion
Vanuatu investment citizenship program is appealing to investors all over the world for good reasons. It is a fast and confidential procedure available for an entire family. Lower tax responsibility, a crypto-friendly economy, and visa-free travel to over a hundred countries make Vanuatu a perfect place for progressive business owners. Whether you’re looking for a secure place for your family or legal benefits without physical residence requirements, Vanuatu investment citizenship is a wise and safe choice.
