/

Vanuatu Citizenship by Investment & Passport Guide for 2024

Vanuatu Citizenship by Investment & Passport Guide for 2024

Vanuatu Citizenship by Investment & Passport Guide for 2024

Yes, you can obtain Vanuatu citizenship by investment. However, keep in mind...

June 18, 2024

·

Zug, Switzerland

Key Takeaways

  • Vanuatu's Citizenship by Investment program offers one of the fastest routes to obtaining a second passport, with processing times ranging from 30 to 90 days.

  • Applicants must undergo thorough due diligence checks and meet specific family and residency requirements to be eligible.

  • Vanuatu citizenship provides global mobility, allowing visa-free or visa-on-arrival access to nearly 100 countries.

  • The Vanuatu Citizenship by Investment program is particularly attractive to individuals seeking financial opportunities, a serene lifestyle, and enhanced global mobility.

Yes, you can obtain Vanuatu citizenship by investment by either contributing to the development support program or by making other significant investments. However, keep in mind...

Countries like Vanuatu that welcome you as a citizen prefer you to view citizenship by investment as more than just purchasing a second passport. It should be seen as a commitment to the country's growth and development.

Within the global citizenship options, Vanuatu has become a great destination for those seeking a second passport through its Citizenship by Investment (CBI) program. Let’s explore why and how to get it.

How to Obtain Vanuatu Citizenship through Investment

Obtaining citizenship in Vanuatu is a straightforward, quick process. Vanuatu’s CBI program offers individuals the opportunity to acquire citizenship by making a qualifying investment. 

The program provides a straightforward pathway for those seeking to enjoy the privileges of Vanuatu citizenship, such as visa-free travel to numerous countries and access to a favorable tax environment.

Family Requirements

The investor can include their spouse, children, and parents in the citizenship application. The minimum investment amount depends on the family composition.

Due Diligence Requirements

  1. Initial consultation with CitizenX

  2. Complete all application forms

  3. Due diligence checks

  4. Pre-approval confirmation

  5. Invest & provide proof of investment

  6. Oath swearing ceremony & passport

Minimum Stay Requirements

There are no minimum stay requirements to obtain Vanuatu citizenship through investment.

This oath swears allegiance to Vanuatu and can be done remotely online. Receive your citizenship certificate and passport from the nearest Vanuatu consulate.

Vanuatu Citizenship by Investment Requirements

To qualify for Vanuatu citizenship by investment, applicants must meet several requirements. These requirements ensure that only individuals who can contribute positively to the country are granted citizenship.

Family Requirements

The investor can include their spouse, children, and parents in the citizenship application. The minimum investment amount depends on the family composition. This inclusivity makes the program attractive for families looking to relocate together.

Due Diligence Requirements

Applicants must undergo a thorough due diligence process. This includes background checks to ensure that the applicant has no criminal record and is of good character. The due diligence process is crucial for maintaining the integrity of the Vanuatu citizenship program.

Minimum Stay Requirements

Interestingly, Vanuatu does not impose any minimum stay requirements on its citizenship by investment applicants. This flexibility is particularly appealing to those who cannot commit to long-term stays in the country.

The Vanuatu citizenship by investment program is based on a single investment option of a non-refundable contribution to the Vanuatu Development Support Program, replacing the previous Economic Citizenship Program and the Vanuatu Economic Rehabilitation Program. The program was established to support initiatives that create local jobs and develop the country’s infrastructure.

How Much Does Vanuatu’s Citizenship by Investment Programme Cost?

The cost of Vanuatu citizenship depends on the investment option and the number of applicants included in the application. The main applicant must donate $130,000 to Vanuatu’s local fund to be granted citizenship. For a family of four, it costs $180,000, plus government fees, due diligence fees, and other processing fees.

Family Requirements

The investor can include their spouse, children, and parents in the citizenship application. The minimum investment amount depends on the family composition.

Due Diligence Requirements

Due diligence fees are part of the total cost and are necessary to ensure the integrity of the applicants.

Minimum Stay Requirements

There are no minimum stay requirements for obtaining Vanuatu citizenship through investment.

The official Vanuatu DSP program costs (donation only) for an individual are $135,500 all-in, which includes the $130,000 government donation and $5,500 due diligence fees.

How Long Does It Take to Get Citizenship by Investment in Vanuatu?

One of the main benefits of obtaining Vanuatu citizenship by investment is the very short processing period. Most applicants typically obtain Vanuatu citizenship, and receive their passports, in 45 days or less. The entire process is streamlined to ensure efficiency and convenience for investors.

Application Submission

Submit your application and wait while the Vanuatu government performs due diligence checks and goes through your application. If successful, you’ll receive a pre-approved letter within 3-4 days.

Investment

Make the required investment and provide proof to the citizenship commission. This step usually takes about 5 days.

Approval and Fulfillment of the Investment Condition

According to the law, the investor transfers the money in two installments: 25% when applying for citizenship and 75% after approval. However, investors usually receive one invoice for the total investment sum. The payment must be made within 90 days after the Citizenship Commission approves the application.

Passport Received

Take the Oath Swearing Ceremony. Congratulations, you’re now a citizen of Vanuatu! This final step typically takes about 30 days.

The entire process takes just two months, and the minimum investment amount depends on the number of dependents.

Pros and Cons of getting Vanuatu Passport

Pros

  • Fast Processing Time: Receive your passport within two months.

  • Tax Advantages: No wealth, inheritance, gift, income, or capital gains tax.

  • Visa-Free Travel: Access to 112 countries, including Singapore, Hong Kong, and Russia.

  • Family Eligibility: The entire family is eligible for the program.

  • No Residency Requirements: No need to visit or reside in Vanuatu.

Cons

  • Limited Visa-Free Access: Vanuatu’s passport strength has reduced since losing visa-free travel to Europe’s Schengen area.

  • Cost: Minimum investment starts at $130,000, which might be expensive for some.

  • Due Diligence: The process involves thorough background checks, which can be stringent.

Vanuatu's acceptance of dual citizenship allows you to enjoy the benefits of Vanuatu citizenship, such as the right to run for public office, while retaining your original nationality.

Obtaining Vanuatu or Caribbean citizenship is cheaper than one of the EU countries. A passport can be obtained in exchange for investments in the local economy.

Vanuatu Citizenship Process from Application to Passport Issuance

The Citizenship by Investment program of Vanuatu follows an eight-step process:

  1. Initial Due Diligence Check

  2. Documentation and Application

  3. Due Diligence Check

  4. Pre-Approval Confirmation

  5. Make the Required Investment

  6. Take the Oath and Become a Citizen

Initial Due Diligence Check

The Vanuatu citizenship application process begins with an initial due diligence check by your citizenship planning advisor. This step ensures that the applicant meets the basic requirements and is eligible to proceed.

Documentation and Application

In this stage, you will need to submit a copy of your passport, a police clearance certificate, and other necessary documents. These documents are then submitted to the Financial Intelligence Unit (FIU) for further due diligence.

Due Diligence Check

The FIU conducts a thorough due diligence check, which usually takes about 3-8 working days. This step verifies your information with international databases and ensures compliance with international regulations.

Pre-Approval Confirmation

Once the due diligence check is complete, you will receive a pre-approval confirmation. This indicates that you are eligible to make the required investment.

Make the Required Investment

After receiving pre-approval, you must make the required investment and provide proof to the citizenship commission. This step is crucial for moving forward in the process.

Take the Oath and Become a Citizen

The final step involves taking the Oath Swearing Ceremony. Once this is completed, you are officially a citizen of Vanuatu.

The entire application process for obtaining Vanuatu citizenship and a passport takes approximately 60 days. This makes it one of the fastest citizenship by investment programs available.

Vanuatu and US Dual Citizenship

Vanuatu recognizes dual citizenship, meaning you don’t have to renounce your previous nationality to get a Vanuatu passport. This is particularly beneficial for Americans seeking enhanced global mobility and an exit strategy against political instability. However, it is essential to check with the United States regarding its stance on dual citizenship with Vanuatu.

Benefits of Dual Citizenship

  • Global Mobility: Dual citizenship allows for easier travel and residency in multiple countries.

  • Political Stability: A passport from a politically stable country like Vanuatu can serve as a safety net during global unrest.

  • Economic Opportunities: Access to business and investment opportunities in both countries.

  • Personal Freedom: The ability to live, work, and study in either country without restrictions.

Requirements for Dual Citizenship

To maintain dual citizenship, you must register your status with the Vanuatu Citizenship Commission. This applies to participants in Vanuatu's citizenship-by-investment program.

Important Considerations

  • Tax Implications: Understand the tax obligations in both countries.

  • Legal Obligations: Be aware of the legal responsibilities and rights in both nations.

  • Cultural Integration: Consider the cultural aspects and how they may affect your lifestyle.

Vanuatu’s acceptance of dual citizenship allows you to enjoy the benefits of Vanuatu citizenship, such as the right to run for public office, while retaining the rights and privileges of your home country.

Vanuatu for Europeans: Is it possible to get Dual Citizenship?

Does Vanuatu Recognize Dual Citizenship?

Vanuatu recognizes dual citizenship, meaning you don’t have to renounce your previous nationality to get a Vanuatu passport. Of course, you will need to check with the country of your existing citizenship whether or not it allows Vanuatu dual citizenship.

6 Benefits of Dual Citizenship in Vanuatu

Vanuatu’s acceptance of dual citizenship allows you to enjoy the benefits of Vanuatu citizenship, such as the right to run for public office, while retaining the rights and privileges of your home country. 

A passport from a politically stable and safe country like Vanuatu is advantageous, especially during global unrest and natural disasters.

  1. Global Mobility: Many passports limit visa-free travel and restrict where you can work and live. A second passport enhances your mobility and increases your chances of obtaining yet another foreign nationality.

  2. Tax Optimization: As a dual citizen, you can access tax-friendly jurisdictions and renounce your country of origin's passport to avoid citizenship-based taxation.

  3. Political Rights: Dual nationality allows you to participate in the political process of both countries, including the right to vote and eligibility to run for public office.

  4. Family Privileges: Depending on the countries involved, you may be able to sponsor family members for citizenship or permanent residence more easily.

  5. Security and Services: Dual citizenship makes you eligible for each country's benefits, such as consular services abroad, free healthcare, and education at domestic student rates.

  6. Financial Opportunities: Dual citizenship allows you to pursue exclusive opportunities in your home country, for example, in jurisdictions that don't allow non-citizen land ownership.

How to Apply for Dual Citizenship in Vanuatu in 5 Steps

  1. Check Eligibility: Ensure that your current country of citizenship allows dual citizenship with Vanuatu.

  2. Prepare Documents: Gather all necessary documents, including proof of investment and personal identification.

  3. Submit Application: Apply through the Vanuatu Citizenship Commission, ensuring all information is accurate and complete.

  4. Complete Due Diligence: Undergo a due diligence process to verify your background and investment.

  5. Receive Approval: Once approved, you will be granted Vanuatu citizenship and can apply for your passport.

Note: The Greece Golden Visa program offers investment opportunities for citizenship in Greece, providing access to an EU passport. Other golden passport programs offer quick citizenship options.

Key Considerations for Europeans

  • Major Program Changes: Be aware of any changes to dual citizenship policies, as these can impact your application process.

  • Investment Requirements: Ensure you meet the minimum investment requirements for Vanuatu’s citizenship by investment program.

  • Legal Advice: Consult with a legal expert to navigate the complexities of dual citizenship and ensure compliance with both Vanuatu and your home country’s laws.

Vanuatu as a Second Passport for Emirati

For Emirati citizens, obtaining a second passport from Vanuatu can be an attractive option due to several benefits. Vanuatu offers a streamlined process for acquiring citizenship through investment, which can be particularly appealing for those looking to diversify their citizenship portfolio.

Key Benefits for Emirati Citizens

  • No personal taxation: Vanuatu is a tax haven with no personal income tax, inheritance tax, or gift tax, making it financially advantageous.

  • Visa-free travel: Vanuatu passport holders enjoy visa-free access to 112 countries, including popular destinations like Singapore, Hong Kong, and Russia.

  • Quick processing time: The entire process can be completed in as little as two months, providing a fast route to a second passport.

  • Family eligibility: The program extends to the entire family, allowing spouses and children to also obtain Vanuatu citizenship.

Investment Requirements

To obtain Vanuatu citizenship, Emirati investors need to make a minimum investment of $130,000. This investment can be seen as a cost-effective alternative compared to other citizenship by investment programs, such as the Caribbean golden passport cost rising to $200,000 by June 2024.

Application Process

  1. Initial Consultation: Engage with a licensed agent to discuss eligibility and gather necessary documents.

  2. Submit Application: Complete the application forms and submit them along with the required investment amount.

  3. Due Diligence: Undergo a due diligence process to ensure all information provided is accurate and truthful.

  4. Approval and Passport Issuance: Once approved, receive your Vanuatu passport within two months.

Vanuatu's citizenship by investment program is highlighted among the top CBI programs like Vanuatu, Grenada, and St Kitts and Nevis, making it a competitive option for Emirati citizens.

Dual Citizenship Considerations

Vanuatu allows dual citizenship, which means Emirati citizens can retain their original citizenship while enjoying the benefits of a Vanuatu passport. This flexibility is particularly beneficial for those who do not wish to renounce their Emirati citizenship.

Conclusion

As we have explored in this comprehensive guide, Vanuatu's Citizenship by Investment program offers a unique opportunity for individuals seeking global mobility, financial benefits, and a tranquil lifestyle. The process, while straightforward, requires careful consideration of the requirements, costs, and timelines involved. 

Whether you are an investor from the US, Europe, or the Emirates, Vanuatu provides a viable option for obtaining a second passport. As with any significant decision, it is crucial to conduct thorough research and consult with experts to ensure that this program aligns with your personal and financial goals. 

With the right approach, Vanuatu citizenship can open doors to new opportunities and a brighter future in 2024 and beyond.

Frequently Asked Questions

What is the Vanuatu Citizenship by Investment Program?

The Vanuatu Citizenship by Investment Program is a scheme that allows individuals to obtain Vanuatu citizenship by making a qualifying investment in the country.

What are the investment options available for obtaining Vanuatu citizenship?

The primary investment option is a donation to the Vanuatu Development Support Program (DSP). There is also an option to invest in pre-approved real estate.

How much does it cost to get Vanuatu citizenship by investment?

The cost varies depending on the type of investment. The donation option typically starts at $130,000 for a single applicant, while real estate investment requires a minimum of $200,000.

How long does it take to obtain Vanuatu citizenship through investment?

The process is relatively fast, usually taking between 30 to 90 days from the submission of the required documents.

Are there any residency requirements for Vanuatu citizenship by investment?

No, there are no residency requirements. Applicants are not required to live in Vanuatu before or after obtaining citizenship.

Can my family be included in the Vanuatu citizenship application?

Yes, the main applicant can include their spouse, children under 25, and parents over 50 in the application.

Is dual citizenship allowed in Vanuatu?

Yes, Vanuatu allows dual citizenship, so you can retain your original citizenship while becoming a Vanuatu citizen.

What are the benefits of obtaining a Vanuatu passport?

A Vanuatu passport allows visa-free or visa-on-arrival access to approximately 130 countries, including the UK, Hong Kong, and Singapore. It also offers tax benefits and a high quality of life.

Share in

  • Naval Ravikant

    Naval Ravikant · Angel investor

    The single most important decision you make is where you live.

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com

  • Naval Ravikant

    Naval Ravikant · Angel investor

    The single most important decision you make is where you live.

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com

  • Naval Ravikant

    Naval Ravikant · Angel investor

    The single most important decision you make is where you live.

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com