The government of Vanuatu has created excellent conditions for creating offshore enterprises. Local citizenship program is considered the fastest and most favorable in the Caribbean.
The Republic of Vanuatu is one of the paradise Caribbean islands. You must have heard of it before as an exotic destination for tourists. Warm climates, luxurious beaches, dense forests with tropical growths and unusual activity ensure a steady influx of foreigners. But that’s not all Vanuatu has to offer. The government has created excellent conditions for creating offshore enterprises. Local citizenship program is considered the fastest and most favorable in the Caribbean.
Why is Vanuatu citizenship program beneficial?
Vanuatu CBI program was established in 2016. The authorities of the country understood that the competition between the Caribbean islands is high. So, they decided to focus on the facilitation of passport purchasing conditions.
The main advantage is, of course, the short term of due diligence check, only 7 days. Other governments spend a month or more on this. This reduces the process of obtaining citizenship by investment to 1.5 months. For comparison, other Caribbean countries issue passports in 3-5 months if there are no problems with the documents.
Vanuatu citizenship by investment purchase details
You can apply for participation in the CBI program only through a specialist who is versed in this field. Migronis helps its clients obtain a second passport in more than 25 countries. Their experience allows predicting and avoiding risks, which guarantee a high probability of success. Vanuatu citizenship Migronis services include assistance in collecting documents and certificates, their legalization and translation, as well as submitting an application on your behalf.
Important points for obtaining Vanuatu citizenship:
- You aren’t obligated to be when submitting documents or obtaining a passport. Migronis take it upon themselves. Further residence in the country is also not indicated in the requirements.
- Vanuatu demands $178,000 government fund donation per one person. This amount includes additional fees and is non-refundable.
- Your parents, spouse, and children can also obtain local citizenship. A family of four must pay more than $200,000.
- All participants in the Vanuatu CBI program must be law-abiding, have a legal business and no entry sanctions.
- Dual citizenship is allowed and the application process is completely confidential.
Those wishing to obtain a Vanuatu passport must pay state fees when applying for citizenship. The main investment in the fund is paid only after confirmation of the candidate. Passport is working for 5 years and may be extended. Migronis will notify you of the expiration half a year before the date.
Benefits of Vanuatu citizenship
The Republic of Vanuatu has a friendly tax system. Income, wealth, capital gains, inheritance, and profit from exchange activate don’t tax. The country has non-double taxation terms with a series of countries including Australia, France, and Switzerland. Besides, the government protects its citizens and doesn’t disclose the private information of local enterprises to external organizations. Only significant arguments and supporting documents are an exception.
Vanuatu, like many other Caribbean islands, is a part of the Commonwealth of Nation which speaks of the corresponding privileges. You and your relatives who have acquired the citizenship have access to the following benefits:
● travel to 120+ visa-free countries;
● long stay in the USA and Canada for up to 10 years;
● vacations at a tropical resort;
● opening accounts in reputable financial institutions;
● free education for children in the best universities in the world;
● the ability to inherit citizenship.
The Republic of Vanuatu economic has shown steady stability over the past decade. There are no reasons or prerequisites for change. Agriculture is the basis of exports. Tourism and offshore businesses also contribute to the local economy.
Conclusion
Vanuatu is just a bunch of islands that are hardly visible to the world. However, the advantages of a local passport and a simple CBI program make the country interesting for businessmen. Be sure to consider the option of Vanuatu citizenship, because this may be your best investment.
