The Vanuatu citizenship by investment program is just one of many citizenship by investment programs available globally.
Given all of your options, why should you choose Vanuatu? More importantly, why should you get your second passport from Vanuatu as soon as possible?
Read on, and we’ll tell you why.
Vanuatu Citizenship Benefits
The following are six reasons you might want to consider applying for the Vanuatu citizenship by investment program.
1. Visa-Free Travel to 135 Countries
The Vanuatu passport currently ranks 36th in the Henley Passport Index. By the last count, a Vanuatu visa will let you travel visa-free to 135 destinations, including 45 countries in Europe. The visa-free European destinations you can travel to include the United Kingdom, Switzerland, Spain, Greece, Germany, France, Italy, and Vatican City.
Likewise, a Vanuatu passport will let you travel visa-free to 14 countries in Asia, including Thailand, Singapore, and Malaysia. Additionally, a Vanuatu passport is essentially a travel pass to 17 Caribbean destinations, including the Bahamas, Jamaica, and St. Kitts and Nevis.
2. Tax Incentives
One of the most common complications of dual citizenship is double taxation. If you’re not careful, you might have to pay taxes for a single income or asset in two jurisdictions.
However, in Vanuatu, this will never be a concern. Vanuatu is an acknowledged tax haven. The country charges value-added tax, but it has no income tax and corporate tax. Vanuatu also doesn’t charge capital gains, estate, withholding, and gift taxes.
3. Ease of Obtaining Citizenship
Vanuatu does not make its second citizenship applicants jump through complicated hoops. The citizenship by investment application process is straightforward, and it has one of the shortest processing times among second passport programs worldwide. Within two to three months of applying for citizenship, your Vanuatu passport could be in your hands.
You don’t have to be in Vanuatu to apply for citizenship. In fact, you don’t even have to fly to Vanuatu at any time during your application process.
You will need to fill out a Vanuatu citizenship application form, of course, and satisfy all the Vanuatu citizenship requirements. However, your appointed Vanuatu citizenship by investment agents can do all the legwork for you.
Once you’re a Vanuatu citizen, you do not need to reside in Vanuatu.
4. Lovely Country
Vanuatu is a beautiful country. Around 83 islands comprise this South Pacific archipelago.
The Republic of Vanuatu is a country of pristine beaches, beautiful mountains, underwater caverns, thriving coral reefs, and shipwrecks. It’s an island haven if you love the sea and the beach. It is a beautiful place to live for anyone who loves nature and wildlife.
If you hail from a cold-climate country, doesn’t the tropical archipelago of Vanuatu seem like a great place to spend what would otherwise be long, cold winters?
5. Confidentiality
As an established offshore banking destination, offshore banking clients can rely on Vanuatu to keep their financial records private and confidential. Vanuatu extends the same courtesy it provides its offshore banking clients to its citizenship applicants.
In short, Vanuatu will not inform your home country about you being granted Vanuatu citizenship. This can help you avoid second citizenship complications, particularly if your government frowns upon dual citizenship.
6. Backup and Exit Plan
Like all second citizenship programs, the Vanuatu citizenship by investment program will serve one of the most pressing reasons to get a second passport: the need for a backup passport and an exit plan.
A Vanuatu passport will come in handy if you lose your primary passport anytime you’re travelling. Aside from that, having second citizenship will give you a way out if, for some reason, your primary passport suddenly becomes invalid. Think Victor Navorski of the movie, ‘The Terminal.’
Even in a situation not as extreme as the one depicted in the movie, a second passport will ensure you have a way out if there’s political turmoil in your country of residence. Your Vanuatu passport will also guarantee you will always have somewhere to go, a second home if you will if ever you find yourself in need of one.
How to Obtain Vanuatu Citizenship
The most common route to Vanuatu citizenship is the Development Support Program. Under this particular program, you can become an honorary citizen of Vanuatu by making a minimum contribution to the Vanuatu government.
Solo applicants will need to contribute USD 130,000. Spouses, meanwhile, will need to contribute a minimum of USD 150,000. If spouses and a child are applying for citizenship, the minimum contribution is USD 165,000.
If more than three family members are applying — say, there is one more child, such as in a family of four — there is an extra USD 25,000 contribution for every supplemental family member named in the application.
There are additional fees aside from the required government contribution, such as diligence fees and professional service fees.
Now Is the Time
A Vanuatu second citizenship can bring you significant benefits, including visa-free travel to Europe and other destinations. If you want Vanuatu citizenship, now is the time to apply for one.
Apply for a Vanuatu second citizenship.
Book an online consultation now.
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