The History of Vanuatu citizenship by investment goes back to 1990’s when passport for sale schemes from pacific islands became very popular. Vanuatu ran a citizenship for sale scheme between 1996-1997 selling 300 passport making $3.3 million, equivalent of 1.5% of GDP at that time.
In 2014, Vanuatu already dual citizenship welcoming first dual citizens creating the foundations for launching the citizenship by investment program.
Vanuatu government revived the idea of opening new investment citizenship programs (ICP) to bring revenues after being hit by Cyclone PAM causing $600 million in damages. Shortly in the same year in 2015, a new fast track citizenship scheme under the name Vanuatu Economic Rehabilitation Program (VERP), was launched.
In March 2017, VERP is replaced by two programs Vanuatu Development Support Program (VDSP) and Vanuatu Contribution Program (VCP) in March 2017.
Vanuatu, as of 2020, currently operates two types of citizenship by investment programs.
- Development Support Program (DSP)
- Vanuatu Contribution Program (DSP)
Both the programs have the same investment requirements USD 130,000. This money must be donated to the state in exchange for citizenship and passport
WHY VANUATU?
- Vanuatu is the world's fourth happiest country
- Vanuatu is premier vacation destination for scuba divers exploring spectacular coral reefs,shipwrecks and canyons
- English is widely spoken language
- Bungee jumping was invented here in Vanuatu Vanuatu is made of Y shaped 80 islands with intense volcanic activity
- Only 9% of land is used for agriculture Vanuatu is the only country in the pacific that sells citizenship for $150,000
- Vanuatu remained tax haven until 2008 providing offshore financial services and still is a low tax jurisdiction (no corporate, capital gains, inheritance, gift taxes)
CITIZEN BENEFITS
- Passports have become an important safe haven investment for asset protection of families in the 21st century
- Vanuatu offers one time opportunity to become a commonwealth citizen
- Invest in a dual citizenship passport for the future of your family generations
- No personal visit required. Apply online!
- Zero residence requirements.
- Super fast processing times (1.5 months)
- Simple and straightforward discrete application process
ELIGIBLE INVESTMENTS
1. DEVELOPMENT SUPPORT PROGRAM (DSP)
Single Applicant – US$130,000
Married Couple – US$165,000
Couple + 1 Child – US$180,000
Couple + 2 Children – US$195,000
2. VANUATU CONTRIBUTION PROGRAM (VCP)
Single Applicant – US$130,000
Married Couple – US$165,000
Couple + 1 Child – US$180,000
Couple + 2 Children – US$195,000
3. ADDITIONAL FEE
Additional Dependents – US$25,000 per person
Due Diligence Fee – US$5,000 per person
4. FAMILY MEMBERS
All family members can be included in the
application (children, parents, additional dependants etc)
5. PROCESSING TIMES
FIU and Due diligence check – 1 month
Passport time – 2 months
FAQS
If the baby is born after the date of naturalisation certificate, they will automatically inherit citizenship