Vanuatu Citizenship by Investment and Second Passport

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CITIZENSHIP BY INVESTMENT

VANUATU

The initial version of Vanuatu’s Citizenship by Investment program was the Capital Investment Immigration Plan (CIIP), established in 2012 and implemented in 2014. This program offered honorary citizenship to investors, which differed from full citizenship under the Vanuatu Development Support Programme (VDSP). Honorary citizens were not permitted to vote or hold public office.

Over the years, the programs have evolved, allowing more opportunities for foreign investors to obtain citizenship. The government is now providing options for investors to potentially redeem some or all of their capital investments.

In 2021, the Vanuatu parliament passed amendments to the Citizenship Act, introducing the Real Estate Option (REO) for citizenship by investment. This is outlined under Section 13F of the Citizenship Act [Cap 112].

Vanuatu has also introduced a third investment option: the Issuing Government Bonds Option (IGBO). Order No. 44, published in the Republic of Vanuatu Official Gazette on March 27, 2023, includes amendments to the Vanuatu Citizenship Act, adding this new investment route.

These transformations in investment options indicate the government’s efforts to remain competitive in the global investment migration market.

Investment Criteria for Vanuatu Citizenship

Vanuatu Development Support Programme (DSP):

To obtain citizenship through the VDSP, investors need to make a one-time contribution or donation to the Vanuatu government as follows:

Single Applicant: $130,000
Married Couple: $150,000
Family of Three: $165,000
Family of Four: $180,000

Benefits of Vanuatu Citizenship

Additional Family Members: $10,000 per memberIn addition to gaining a second passport, Vanuatu citizenship offers several key benefits:

Access to Commonwealth Countries: As a member of the Commonwealth, Vanuatu citizens can obtain long-term visitor visas for countries like Canada, Australia, and New Zealand.
U.S. Tourist Visa: Citizens can apply for a B1/B2 tourist visa to the United States, which can be issued for up to five years. This allows for extended visits, medical treatments, and short-term business or academic endeavors.
Favorable Tax Policies: Vanuatu is known for its advantageous tax environment. Investors can establish an International Business Company (IBC) and benefit from significant tax exemptions, provided the company does not earn income within Vanuatu. These benefits include:
- Tax-free profits for the company
- Tax-free personal income, capital gains, inheritance, and donations for shareholders
- The option to enjoy these tax advantages for up to twenty years by establishing a tax residence in Vanuatu
Straightforward Citizenship Process: The path to Vanuatu citizenship is simple and does not require proficiency in any language.
Desirable Living Environment: Vanuatu’s appeal as a residency option is enhanced by its natural beauty, featuring over eighty beaches and crystal-clear waters, making it an attractive choice for those seeking a tropical paradise.

In summary, Vanuatu’s citizenship by investment program is an excellent Plan B for investors looking to expand their passport portfolio and enjoy a favorable tax regime. The option to live in a stunning island paradise adds to the program’s allure.