Vanuatu CBI Approved Projects in 2025

Vanuatu's Citizenship by Investment program offers high net worth individuals three distinct pathways to obtain citizenship, with specific government-approved projects forming the cornerstone of the Real Estate Option. The program has undergone significant regulatory changes in 2025, including a temporary suspension and subsequent reinstatement of the Capital Investment Immigration Plan, reflecting the government's commitment to maintaining international compliance standards while preserving one of the world's fastest citizenship acquisition processes.

The Pacific island nation's CBI framework operates under Chapter 112 of the Citizenship Act, with amendments and regulatory orders establishing clear investment categories and approved projects. As of July 2025, investors can choose between direct government donations, real estate investments in four specific approved developments, or hybrid models combining donations with redeemable fund investments. Processing times average 30-60 days, making it the fastest citizenship program globally despite enhanced due diligence requirements implemented in response to international scrutiny.

Current legislative framework drives program evolution

The Vanuatu citizenship by investment program operates under a comprehensive legislative structure anchored in the Citizenship Act [Cap 112], originally enacted in 1980 with significant amendments in 2013, 2014, and most recently in 2018 through Act No. 34. Constitutional Chapter 3 provisions recognize dual citizenship, a change implemented in 2014 that opened doors for international investors to maintain their original nationality while acquiring Vanuatu citizenship.

Three primary regulatory orders shape the current investment landscape. Order No. 33 of 2019 established the Development Support Program (DSP) regulations, creating the donation-based pathway. Order No. 93 of 2021 introduced the Real Estate Option Program (REO), enabling property-based investments in government-approved projects. The Capital Investment Immigration Plan operates under the broader Citizenship Act framework, utilizing Form D applications for processing.

The Financial Intelligence Unit, established under the Anti-Money Laundering and Counter-Terrorism Financing Act No. 13 of 2014, serves as the primary due diligence authority. Located within the State Law Office at the Prime Minister's Complex, the FIU conducts mandatory background checks on all CBI applicants, with fees increasing from $5,000 to $7,500 in 2024. Processing through the FIU typically requires 1-2 months, with enhanced procedures implemented January 16, 2025, to strengthen compliance measures.

Administrative oversight falls under the Citizenship Commission, led by Secretary General Allan Liki as of July 2025. Charles Maniel's appointment as Chairman in March 2025 marked a significant leadership change, coinciding with the temporary CIIP suspension and subsequent regulatory overhaul. The Commission maintains offices at PMB 9004 Port Vila and processes applications through an Internal Screening Committee before final approval determination.

Four approved real estate projects anchor property investment option

The Real Estate Option Program, launched July 23, 2021, permits citizenship through investment in Vanuatu Government Approved Projects (VGA Projects). Four developments currently hold approval status, each offering distinct investment profiles and geographic locations across two islands. Naika Holdings Limited serves as the exclusive worldwide master agent for the REO program, with all applications requiring routing through their offices.

Pacific Springs represents the most established VGA project, located at Rentabao on Efate Island, approximately 15-20 minutes from Port Vila International Airport. The development spans 184 hectares along 3 kilometers of pristine waterfront, with plans for over 4,400 condominiums surrounding a championship golf course. Investment thresholds start at USD $220,000 for titled condominiums, with the project featuring a luxury hotel, casino, retail facilities, and food and beverage establishments. Low-rise resort-style condominium apartments characterize the architectural approach, targeting both investment and lifestyle buyers.

Coral Bay, formally known as The Infinity - Narpow Point Coral Bay, sits 25 minutes from Port Vila International Airport on the shores of Teouma Bay, Efate Island. The project offers two investment structures: USD $200,000 for full ownership or USD $100,000 for 50% tenant in common arrangements. Properties include approximately 100 square meters on title, with apartments measuring roughly 42 square meters. Investors receive title deeds and can sell properties after five years while retaining citizenship. The development projects 3% annual dividends from resort operations following a 36-month construction period.

FPF Rainbow City Project occupies 86.8912 hectares at Narpow Point in the Tamanu white beach area, approximately 9 kilometers from Port Vila Town. Developed by FPF Company Limited, which also owns The Vila Times newspaper, the project markets itself as "Rainbow International City" or "Little Singapore." The minimum investment threshold stands at USD $200,000. Development plans include a Florence-inspired special shopping center, quality apartments, a boutique supermarket, Buddhist Academy, medical center, educational facilities spanning kindergarten through secondary school, a church, and a six-star hotel.

Milai Project differs from the other three developments, focusing on agricultural and tourism integration on Espiritu Santo Island. Milai Vanuatu Limited, established in 2005, operates 100% natural beef cultivation and production facilities, exporting to high-margin markets including Japan and Australia. The project includes Belmol Horse Paradise for equestrian sports and features 24 kilometers of scenic routes for tourism activities. Investment minimums match other projects at USD $200,000.

All VGA projects require properties to be registered under the Community and Strata Titles Act [CAP 266] with minimum selling prices of USD $200,000. Investors can purchase titled property or shares in development projects. A 10% deposit accompanies application submission, with the balance due upon approval. Properties can be sold after five years while citizenship remains valid for life, providing an exit strategy for investors seeking liquidity.

Investment thresholds reflect program diversity and recent adjustments

Vanuatu's CBI program offers multiple investment routes with varying financial commitments and structures. The Development Support Program remains the most straightforward option, requiring non-refundable donations of USD $130,000 for single applicants, $150,000 for married couples, $165,000 for families of three, and $180,000 for families of four. Additional dependents incur $15,000 supplementary fees each.

The Capital Investment Immigration Plan underwent significant restructuring in 2025 following its March suspension and May reinstatement. Current CIIP requirements total USD $155,000 for families of up to four members, comprising a $105,000 donation and $50,000 redeemable investment. The government increased base contributions by 15%, spouse add-ons by 20% to $60,000, and additional adult dependent fees by 10% to $55,000. The redeemable component can be recovered after four years, effectively reducing net costs to $105,000.

Several approved funds accept the $50,000 CIIP investment component. The CNO Future Fund focuses on coconut oil production and renewable energy, supporting Vanuatu's goal of 100% renewable energy by 2030. The fund projects 4-5% annual yields with a five-year minimum holding period. The Cocoa Sustainable Fund (CSF) channels investments into cocoa industry development, while the Vanuatu Coffee Impact Fund supports coffee sector growth. The newest option, Melekule Cocoa Farming Fund (CIIP-MCF), launched in 2024-2025, dedicates resources to cocoa industry development on Melekula Island with the government securing 30% of future income.

Real Estate Option investments require USD $200,000 minimum property purchases plus applicable VAT. Joint purchases allow two applicants to invest $100,000 each. Government fees apply for primary applicants, spouses, and children, with additional charges for extra dependents. Due diligence fees of $7,500 per application apply across all programs.

Application processes emphasize efficiency despite enhanced scrutiny

The Vanuatu CBI application process maintains its reputation for speed despite strengthened due diligence procedures. All applications must route through government-authorized agents, who cannot be naturalized citizens themselves and must maintain registered offices in Port Vila. The process unfolds in seven distinct stages, typically completing within 30-60 days.

Initial agent selection and preliminary assessment begin the journey, with agents conducting eligibility evaluations and document preparation. The Financial Intelligence Unit due diligence phase follows, requiring payment of the $7,500 fee. FIU screening typically completes within 3-4 days, though official timelines allow up to one week. Background checks utilize INTERPOL databases, global sanctions lists, criminal records, and financial history reviews.

Following FIU clearance, applications proceed to the Citizenship Commission for review. The Screening Committee and full Commission evaluate submissions, with meetings scheduled at least monthly. Applicants pay 25% of investment amounts before submission, receiving Approval in Principle letters upon successful review. This stage typically requires up to two weeks.

Full investment payment must complete within 90 days of approval, with funds transferred to the Central Bank of Vanuatu. Investment confirmation triggers the biometric submission requirement, mandatory for all applicants regardless of age since November 1, 2024. Approved locations include Port Vila, Dubai, Hong Kong, and Noumea, with mobile units available at additional cost. The government announced plans to expand biometric collection locations by June 30, 2025.

The oath ceremony occurs remotely via video conference, typically through Zoom or Skype platforms. Commissioners of Oaths administer the brief five-minute ceremony where applicants swear allegiance to the Republic of Vanuatu. Passport issuance follows within 3-4 weeks, with secure delivery via DHL courier or through nearest Vanuatu consulates. The biometric passports feature electronic chips and maintain 10-year validity periods.

Required documentation encompasses certified birth certificates, valid passports with six months minimum validity, police clearances from citizenship countries and any residence exceeding 12 months in the past decade, medical certificates confirming good health, detailed curriculum vitae, financial statements demonstrating $250,000 minimum net worth, and proof of funds sources. Marriage certificates, divorce decrees, and dependency documentation apply where relevant. All non-English documents require certified translation and apostille certification.

Recent regulatory changes strengthen compliance while maintaining competitiveness

The period from 2024 through July 2025 witnessed substantial regulatory evolution in Vanuatu's CBI program. The European Union's decision to permanently remove Vanuatu from its visa-exempt list in December 2024 formalized a suspension dating from 2022, fundamentally altering the program's value proposition for European-focused investors. This development followed inadequate due diligence concerns and prompted comprehensive program reforms.

Enhanced biometric requirements emerged as a cornerstone of compliance improvements. August 2024 marked the transition to electronic passports aligned with International Civil Aviation Organization standards, discontinuing paper-based applications. All applicants must now submit biometric data in person, a requirement that adds complexity but addresses international security concerns.

The Capital Investment Immigration Plan suspension on March 17, 2025, under Cabinet Decision No. 12 of 2025, reflected government commitment to regulatory overhaul. New Citizenship Commission Chairman Charles Maniel announced the suspension as part of a 100-day plan to strengthen citizenship programs. The DSP and REO programs continued operating during this period, maintaining revenue streams while CIIP underwent restructuring.

CIIP reinstatement in May 2025 brought revised regulations and increased investment thresholds. Prime Minister Jotham Napat signed amendments raising single applicant requirements from $100,000 to $115,000, with proportional increases for family members. Quarterly financial reporting became mandatory for agents, enhancing oversight and ensuring real investment activity verification.

The Financial Intelligence Unit implemented new internal processes effective January 16, 2025, designed to better manage and safeguard due diligence procedures. These enhancements align with legislated timeframes while strengthening screening protocols. The 50% fee increase from $5,000 to $7,500 in 2024 provides resources for improved background verification systems.

Positive developments include New Zealand's announcement of visa-free access for Vanuatu passport holders effective July 6, 2025, partially offsetting the EU access loss. This development suggests potential for rebuilding international relationships while maintaining program integrity through enhanced compliance measures.

Comparative positioning reveals speed and cost advantages

Vanuatu's CBI program occupies a unique position within the global investment migration landscape. Among Pacific island nations, only Nauru offers a competing program, launched in January 2025 with investment thresholds of $105,000 for single applicants. Palau maintains no investment citizenship pathway despite its strong passport, limiting Pacific options to two active programs.

Processing times distinguish Vanuatu from Caribbean alternatives, with 2-4 month completion periods compared to 6-12 months for established programs like St. Kitts and Nevis, Dominica, or Grenada. This speed advantage proves particularly valuable for investors facing time-sensitive relocations or asset protection needs. The entirely remote process, including online oath ceremonies, eliminates travel requirements that characterize many competing programs.

Investment thresholds position Vanuatu competitively, with the $130,000 DSP donation representing one of the lowest entry points globally. Caribbean programs typically require $200,000-250,000 minimum donations, making Vanuatu 35-48% more affordable. Real estate options show similar advantages, with Vanuatu's $200,000 threshold comparing favorably to Caribbean requirements of $270,000-350,000.

Visa-free access limitations represent the primary competitive disadvantage following EU Schengen suspension. Vanuatu passports provide access to 87-96 countries, ranking 55th-58th globally, while Caribbean passports typically offer 140-160 destinations including European Union member states. This mobility gap particularly affects investors prioritizing European business or travel access.

Tax optimization benefits match or exceed Caribbean offerings, with Vanuatu providing zero personal income tax, capital gains tax, wealth tax, or inheritance tax. International Business Company formations enjoy 20-year tax exemptions with $300 annual fees replacing traditional corporate taxes. These advantages, combined with strong privacy laws and English common law foundations, create attractive wealth structuring opportunities.

Due diligence standards across programs have converged following international pressure. Vanuatu's enhanced FIU processes, mandatory biometric requirements, and ongoing monitoring align with Caribbean programs' multi-tiered approaches. The 2024 Caribbean Memorandum of Agreement establishing harmonized standards reduces differentiation based on screening stringency.

Benefits attract specific investor profiles despite mobility limitations

Vanuatu citizenship delivers substantial benefits for investors prioritizing tax efficiency, business formation flexibility, and rapid acquisition timelines. The complete absence of personal taxation creates immediate value for high net worth individuals managing international income streams. Capital gains, inheritance, and wealth taxes similarly don't exist, enabling comprehensive wealth preservation strategies.

International Business Company formation offers exceptional flexibility with single director requirements, any nationality acceptance, and no minimum capital mandates. The 20-year tax exemption period, replaceable by modest $300 annual fees, provides long-term planning certainty. Board meetings can occur globally, while only registered office and agent details require public disclosure, maintaining privacy for beneficial owners.

Geographic positioning in the Pacific provides access to Asian markets, with visa-free entry to Singapore, Hong Kong, and Malaysia facilitating regional business development. The United States B-1/B-2 visa eligibility, valid for five years with 180-day annual allowances, enables substantial American market access despite lacking visa-free status. Russian visa-free access, maintained despite geopolitical tensions, offers unique opportunities unavailable through many Western programs.

Lifestyle benefits include residence rights in an English and French-speaking nation with political stability since 1980 independence. The 83-island archipelago offers pristine environments, low population density, and minimal pollution. No residency requirements mean investors can maintain current locations while securing backup options and enhanced privacy through Vanuatu's strong confidentiality laws.

The world's fastest processing creates immediate solutions for time-sensitive situations. Whether facing political instability, currency controls, or urgent travel needs, Vanuatu's 30-60 day timeline provides unmatched responsiveness. Family inclusion for spouses, children under 25, and dependent parents over 50 enables comprehensive household protection through single applications.

Asset protection mechanisms leverage English common law frameworks familiar to international advisors. Protected Cell Company structures, strong banking secrecy, and limited information exchange agreements create robust wealth preservation architectures. Dual citizenship recognition eliminates forced renunciation of original nationalities, maintaining existing rights while adding Vanuatu benefits.

Limitations require careful consideration for investor suitability

The permanent loss of European Union Schengen access fundamentally altered Vanuatu passport utility for European-focused investors. The December 2024 EU Council decision formalized suspensions dating from 2022, eliminating visa-free access to 26 European nations. This change reduced CBI revenue contribution to government finances from 50% in 2022 to 21.8% in 2023, demonstrating significant market impact.

Limited global mobility compared to Caribbean alternatives constrains business and leisure travel options. The 87-96 country visa-free access excludes major destinations including Canada, Australia, the United States, and all EU member states. Business travelers requiring frequent European or North American access find Vanuatu passports insufficient for primary travel documents, though they may serve as useful secondary options.

Real estate market liquidity concerns affect property investment exit strategies. Vanuatu's stable but growing property market lacks the depth and transaction volume of Caribbean resort destinations. All land purchases occur through 50-75 year leases rather than freehold ownership, potentially limiting long-term value appreciation. The small market size and tourism dependency create vulnerability to external shocks affecting property values.

International banking relationships face ongoing challenges, with some institutions maintaining enhanced scrutiny of Vanuatu passport holders. While improving compliance measures address these concerns, investors may encounter additional documentation requirements or restricted access to certain financial services. Correspondent banking relationships remain limited compared to established Caribbean programs.

Economic vulnerability characterizes small island developing states, with Vanuatu's GDP historically dependent on CBI revenues comprising 30-50% of government income. Natural disaster exposure, demonstrated by the December 2024 earthquake damaging Port Vila, creates infrastructure and economic risks. Limited economic diversification beyond tourism, agriculture, and offshore services increases susceptibility to sector-specific downturns.

Currency and inflation risks affect long-term investment values, particularly for real estate holdings. The Vatu's relationship to major currencies fluctuates with tourism revenues and international aid flows. Import dependency for most consumer goods creates inflation exposure linked to global supply chains and shipping costs.

Future outlook balances challenges with strategic opportunities

Vanuatu's CBI program faces critical junctures determining long-term viability and market position. Maintaining price competitiveness while Caribbean programs increase to $200,000 minimum thresholds provides immediate advantages for cost-conscious investors. The $130,000 entry point represents significant value, particularly combined with fastest global processing times.

Compliance enhancement efforts may gradually restore international confidence, though EU visa-free access restoration appears unlikely in the near term. Technical meetings continue between Vanuatu and European officials, but no concrete timeline exists for lifting suspensions. Alternative partnership development focusing on Asia-Pacific alignments offers more promising prospects, building on existing regional relationships.

Program consolidation efforts aim to eliminate confusion from multiple competing options while maintaining investment diversity. Government initiatives to strengthen oversight, implement quarterly reporting, and verify real investment activity address historical concerns about program integrity. These improvements position Vanuatu to capture market share from investors prioritizing speed and value over maximum mobility.

New approved projects remain notably absent, with no VGA additions since the initial four developments in 2021. This limitation constrains real estate investment options but may reflect government focus on quality over quantity. The successful relaunch of the CNO Future Fund, showing 32.62% net asset value expansion in its first year, demonstrates potential for fund-based investment growth.

Renewable energy commitments create unique investment opportunities aligned with global sustainability trends. Vanuatu's 2030 goal of 100% renewable energy, supported by coconut oil biofuel projects and fund investments, positions the program attractively for environmentally conscious investors. Agricultural development through cocoa and coffee funds provides tangible economic impact beyond pure financial returns.

Economic diversification beyond CBI revenues remains crucial for long-term stability. While program income provides essential government funding, reducing dependency through tourism development, agricultural exports, and service sector growth creates a sustainable economic foundation. The four approved real estate projects contribute to this diversification through employment, construction activity, and tourism infrastructure development.

Comprehensive program analysis reveals targeted value proposition

Vanuatu's Citizenship by Investment program, anchored by four government-approved real estate projects and complemented by donation and fund investment options, serves a specific investor segment prioritizing speed, tax optimization, and cost efficiency over maximum global mobility. The legislative framework under Chapter 112 of the Citizenship Act provides clear structure, while recent regulatory enhancements demonstrate commitment to international compliance standards.

The Real Estate Option's four VGA projects—Pacific Springs, Coral Bay, FPF Rainbow City, and Milai—offer diverse investment profiles from resort developments to agricultural enterprises. Combined with fund options supporting renewable energy and agricultural development, investors access multiple pathways aligned with different risk tolerances and investment objectives. The $200,000 real estate threshold and $130,000 donation option position Vanuatu among the most affordable programs globally.

Processing efficiency remains unmatched, with 30-60 day completion timelines enabling rapid response to time-sensitive situations. Enhanced due diligence through the Financial Intelligence Unit, mandatory biometric submissions, and strengthened agent oversight address historical compliance concerns while maintaining processing speed. The entirely remote application process, including online oath ceremonies, eliminates travel requirements that characterize competing programs.

Recent challenges, particularly the permanent EU visa-free access loss, require careful investor evaluation of mobility needs versus other benefits. The program's value proposition shifted from broad global access to specialized benefits including comprehensive tax advantages, business formation flexibility, and strategic Pacific positioning. For investors whose priorities align with these strengths, Vanuatu offers compelling advantages despite mobility limitations.

Looking forward, Vanuatu's ability to maintain competitive pricing while improving compliance standards will determine market position. The government's demonstrated willingness to suspend and restructure programs for integrity improvements, evidenced by the CIIP evolution, suggests long-term commitment to sustainable program development. While EU access restoration remains unlikely, strategic partnerships within the Asia-Pacific region and Commonwealth relationships offer alternative growth pathways.

High net worth individuals and families evaluating Vanuatu citizenship must weigh specific needs against program characteristics. Those requiring maximum European access should consider Caribbean alternatives despite higher costs. Investors prioritizing tax optimization, business flexibility, and rapid acquisition will find Vanuatu's offering particularly attractive. The four approved real estate projects provide tangible investment opportunities, while fund options offer partial capital recovery potential.

Vanuatu's CBI program ultimately succeeds in delivering specific value to targeted investor segments. The combination of competitive pricing, processing speed, and comprehensive benefits creates a unique market position that survives despite mobility limitations. As global investment migration evolves under increased scrutiny, Vanuatu's focused approach may prove more sustainable than programs attempting to serve all investor needs. For those whose requirements align with Vanuatu's strengths, the program offers an efficient pathway to valuable second citizenship with tangible benefits extending beyond the passport itself.