VANUATU
Vanuatu makes a great destination for those looking for an alternative citizenship, second passport and a Plan B for them and their families.
Imagine lush green tiny islands, framed with white sandy beaches massaged by beautiful turquoise water, with coconut trees gently swaying in the breeze. This picture of paradise portrays everything that Vanuatu is. But beauty is not the only thing that Vanuatu offers. Listed as the fourth happiest country in Happy Planet Index, Vanuatu makes a great destination for those looking for an alternative citizenship, second passport and a Plan B for them and their families.
It is without reason that Vanuatu is known for its high happiness index. According to the website of Happy Planet Index, the secret of happiness in Vanuatu relies on its strong community bonds. They maintain their wellbeing through social connections, sharing & helping each other, Social meetings are held regularly for various occasions, including traditional ceremonies and conflict resolution, making this democratic country famous for its peace & tranquility.
The people of Vanuatu speak three official languages, English, French & Bislama. There are 280,000 people living in Vanuatu, spread over 65 islands, with an additional 18 islands remaining uninhabited. The administrative capital of the country is a city called Port Villa. Despite its remote and secluded location, Vanuatu remains within a easy reach. Nestled in the Pacific, Vanuatu can be accessed by flying 2.5 hours from Australia or 3.5 hours from New Zealand. This position makes Vanuatu an ideal place to escape from volatility, and safely tucked away in a peaceful, safe & happy tax haven.
Vanuatu takes pride in caring for its tropical beauty. Vanuatu’s Ecological Footprint is low, as the country fuels its power requirements using renewable energy from its abundant local resources such as hydropower, wind, solar and coconut based biofuel. Vanuatu plans to run 100% green by 2030.
Rather uniquely in today’s world of over taxation and under representation, Vanuatu offers a totally unique tax-free lifestyle. Vanuatu employs a free market economy and currently imposes no income tax, no wealth tax, and no inheritance taxes on its citizens. Yes, this means income earned, or investment gains realized in Vanuatu or abroad are TAX FREE.
Citizens of Vanuatu enjoy visa-free entry to approximately 129 countries, including to all European Union countries, the United Kingdom, Ireland, and Russia.
With its promising state of safety, peace, friendliness, community bonds, and a strong commitment towards sustainable energy, Vanuatu makes an ideal second home not only for you, but also your future generations.
CITIZENSHIP BY INVESTMENT
Vanuatu offers a highly competitive Citizenship-by-Investment program, famously known as Development Support Program (DSP). The program was introduced in 2016, but it was fully implemented in 2017 to help boost the national income, create jobs and balance the economy. Various sets of legislation have been passed to attract foreign investors to its beautiful tax-free shores.
Applicants are not limited by any education, professional, time-accrued, or language requirements. Instead a clean criminal history & legally acquired funds form the foundation of Dominica’s Citizenship by Investment program.
Development Support Program
The DSP program requires applicants to contribute US$150,000 for a single, or 200,000 for a family of 4. The process is not complicated and generally takes 60 days to complete. The process can be handled remotely, meaning you do not have to travel to Vanuatu to become a citizen.
Overall there are two steps to follow. The first process – called as “Financial Intelligence Unit (FIU)” – this is where applicants provide necessary documents that are required to start the application. Documents like a police certificate that stating you have no criminal record and evidence of financial independency should be presented, along with non-refundable US$ 5,000 for Due Diligence fee. The FIU process generally takes around seven to ten days. Once approved, the applicant(s) will receive a letter of acceptance, and then the second process should be carried out. On this second process, the applicant must complete the application by submitting other documents such as medical certificate, a notarized or certified report declaring a minimal level of net worth, employment certificate (if applicable), letter of reference from your bank and some professional references. Additional supporting documents maybe required such as marriage certificates, birth certificates & passport copies. As the review of applicants is done based on personalized profiles, all applications should be arranged in a concise manner to maximize the chance for approval as Vanuatu citizens.
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