Did you know that Vanuatu is ranked as the fourth happiest country in the world? Which makes it an even more suitable option to be a part of.
Located amidst New Zealand and Australia, Vanuatu is an archipelago of volcanic islands, presenting a serene picture of turquoise waters, lush rainforests, and vibrant cultural traditions. In a nutshell, Vanuatu is one of those peaceful cities that you might not have heard of but is definitely worth being a part of.
In this comprehensive guide, you’ll learn more about the Vanuatu citizenship by investment program and also see the basic requirements to be a part of this country.
Why Vanuatu?
Vanuatu is home to 83 islands, a hundred local languages, and a rich tapestry of customs and traditions. Most importantly, it is voted as one of the happiest countries around the world and has the fastest visa processes comparatively.
In addition to its beauty, rich customs, and traditions, Vanuatu’s commitment to preserving its ecological and cultural heritage makes it an ideal community to be a part of. Apart from all this, Vanuatu citizens enjoy many other advantages, like seamless travel opportunities, tax benefits, and access to a prosperous investment market.
Let us have a detailed discussion on the benefits Vanuatu citizenship offers, its eligibility requirements, and the process for citizenship.
Benefits of Vanuatu citizenship
Listed below are some of the benefits of Vanuatu citizenship:
Fast Processing Time
One of the compelling benefits of applying for Vanuatu citizenship is that it takes as little as two months to process your citizenship application, claiming itself to be the fastest citizenship by-investment process in the world.
Global Mobility and Visa-Free Travel
Another attractive benefit of Vanuatu citizenship is that it facilitates effortless travel. Whether you are a globe-trotter or a businessman, Vanuatu citizenship will give you visa-free or visa-on-arrival access to over 130 countries, which includes the European Union, the United Kingdom, Singapore, and many more.
Efficient Application process
For those looking forward to a quick second citizenship, the Vanuatu citizenship program is the solution for you. The process of applying for Vanuatu citizenship is easy and pretty efficient. You can apply via GlobalResidenceIndex.com and get your passport in just two months.
Favorable Tax Regime
Vanuatu follows a no-tax regime on personal income, wealth, inheritance, and capital gains, standing out as a fiscal paradise. This not only attracts investors but also high-net-worth individuals looking for efficient health management and preservation.
Array of opportunities
Thanks to the tax policies in Vanuatu, it is an excellent opportunity for investors and individuals with high net worth, opening various doors of opportunities for them.
Dual Citizenship
Dual Citizenship is permitted in Vanuatu, which means that you can be a part of Vanuatu without having to renounce your current citizenship.
Family Inclusion
These relatives of the applicant are eligible to be included in the application:
- Spouse
- Children up to the age of 25, if enrolled in an educational institution
- Parents above the age of 50.
Unlike any other country, Vanuatu citizenship does not require you to stay in the country for a specific time. However, considering the lush green landscapes and the serene and peaceful environment, you’d want to stay here forever.
Investment options for Vanuatu citizenship
In order to qualify for citizenship, the applicants are required to make a non-refundable contribution to the Vanuatu government. The investment amount, however, depends on the number of applicants in the application.
- USD 130,000 for a single applicant
- USD 150,000 for a married couple
- USD 165,000 for a married couple and one child
- USD 180,000 for a married couple and two children
- USD 25000 for each additional dependant
However, the investment amount can vary depending on the number of applicants and several other factors, like
Processing Fees – covering the administrative cost, these can cost from $5000 to $7500 depending on the number of applicants.
Due diligence fees – These fees cover background checks and vetting by specialized agencies and typically range from $ 5,000 to $ 7,500 per applicant.
Legal Fees – It is highly advisable to hire an experienced immigration lawyer to help you navigate through the complex processes. The cost can vary depending on the lawyer’s expertise and the scope of assistance required.
Eligibility Criteria for Vanuatu Citizenship
Keeping aside the financial requirements, you must be eligible to apply for citizenship, and the eligibility requirements are:
- The applicant must be of good character
- The applicant should not have been involved in any criminal offense
- The applicant should not be from one of the below-listed countries
- Iran
- Iraq
- Syria
- North Korea
- Yemen
Conclusion
Who knew Vanuatu, a name one rarely hears, would be a hub of opportunities? If you want to explore business prospects simply to reduce your tax burden or travel the world, Vanuatu citizenship happens to be your one-stop solution to these queries.
However, one must be aware that the content given in this article, including the cost and fees of the application, is subject to change, and hiring an immigration lawyer is always advisable since it is not always possible to keep up with all the changes that have been taking palace over time.
This is your chance to be a part of a country that is not just a peaceful or happy place to live in but also helps you prosper by opening the doors of opportunities for you.
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