- How much does it cost to get a second passport and economic citizenship of Vanuatu for money, and how to do something like that
- Required Documents
- Benefits of a Vanuatu Passport
- Vanuatu passport as a universal travel ticket in the pocket of a traveler who has obtained economic citizenship of Vanuatu
- Vanuatu’s low price of economic citizenship will attract investors with families
- Vanuatu’s win-win economic citizenship: a back-up option after failure in the Caribbean / Europe
- Vanuatu’s second passport and economic citizenship will not be useful due to sanctions
- Vanuatu’s economic citizenship is the right to live in security and stability on the other side of the world with low taxes
Rising political and economic tensions in many parts of the world, increased instability and full-scale military conflicts in individual countries and regions are increasing the popularity of dual nationality If the main criterion is speed, the choice often falls on Vanuatu’s economic citizenship.
It can be done as quickly as 1.5 months. – such an option is nowhere else to be found.
There are other arguments. To obtain a second passport and economic citizenship of Vanuatu, relatively wealthy investors will not have to part with the last savings – obtaining the status of a Vanuatu citizen is no more expensive than an apartment in Moscow and is much cheaper than the registration of an EU passport (for example, through Portugal).
How much does it cost to get a second passport and economic citizenship of Vanuatu for money, and how to do something like that
To apply for Vanuatu’s second economic citizenship, a foreigner must pay from $145,000. When a collective application is submitted, including the main applicant, spouse, children under 18, the amount will be $180,000. No additional payments are required.
If additional financial dependents of the main candidate are required to be included in the collective application, the following payments will have to be made:
- For a child between the ages of 18 – 26 (studying at a university in full-time) -$10,000;
- For the father / mother, grandfather / grandmother of the main applicant / spouse at the age of 50 – $10,000.
Current legislation does not allow foreigners to communicate directly with the Government and apply to the authorities for a second Vanuatu citizenship in exchange for investment. You’ll need to hire an immigration agent. The services of such an agent are included in the price.
To obtain a second passport and economic citizenship of Vanuatu, you will need the following documents:
- A completed application.
- A certified copy of the passport (if there are dependents included in the application for economic citizenship of Vanuatu, additional copies of passports of such dependents will be required).
- Certified documents confirming the kinship of the applicants and the applicant’s dependency.
- Clean Police Report.
- Copies of diplomas of schools and universities.
- Medical certificate.
- Documents confirming that the applicant has assets worth $500,000.
- Passport-format photos.
Benefits of a Vanuatu Passport
As competition in the global second passport market for investments increases, individual states are trying to make local investment citizenship programs as attractive as possible. Vanuatu’s jurisdiction is new to the market.
What can Vanuatu offer that the more established Caribbean and European jurisdictions cannot? Consider the following, which can force wealthy investors to choose the economic citizenship of Vanuatu, turning away from competitors.
Vanuatu passport as a universal travel ticket in the pocket of a traveler who has obtained economic citizenship of Vanuatu
Prudent and wealthy foreigners seeking the optimal second passport for investments, in the majority demonstrate a particularly strong interest in the freedom to travel around the world, reaching through the right to visa-free crossing of the borders of the maximum number of countries.
If you buy economic citizenship of Vanuatu, you will be entitled to visa-free visits/trips with e-visas/visas on arrival in more than a hundred destinations (see below). Some of these States are inaccessible to Caribbean island jurisdictions that grant citizenship for investment.
The United Kingdom (except for some Overseas Territories);
|Central America and the Caribbean|
|Antigua and Barbuda;|
St. Vincent and the Grenadines;
Trinidad and Tobago;
Federation of St. Kitts and Nevis;
|Australia and Oceania|
|Australia and territories;|
|Papua New Guinea;|
Vanuatu’s low price of economic citizenship will attract investors with families
Acquisition costs can vary widely. So it makes sense to explore the market and choose the most affordable option. Montenegro will make you an economic citizen for 350,000 euros. The Turkish authorities will ask for $250,000 for a similar service. For investment citizenship, St. Kitts and Nevis along with Grenada will have to pay a minimum of $157,750 for the investment citizenship.
Forget about the six-month wait (real terms in the Caribbean, Turkey, Montenegro). You can 100% legally obtain a second Vanuatu passport in just 45 days from the date of application!
Such speed is very useful for investors who want to get a new document to leave their homeland not as a refugee, but as a full citizen. Urgency is often caused by a looming military conflict, sudden political upheaval/ another emergencies.
Vanuatu’s win-win economic citizenship: a back-up option after failure in the Caribbean / Europe
Another undeniable trump card of Vanuatu’s economic citizenship is a direct consequence of the geographical/political isolation of the State. St. Kitts, Dominica and other Caribbean countries are actively exchanging data on foreigners who, for one reason or another, are unable to obtain a legal second passport in the Caribbean.
But neither the Caribbean nor Europe have yet established an exchange of information on “rejecters” with Vanuatu. Therefore, Vanuatu’s Economic Citizenship is an excellent option for the sake of those who have not passed the Due Diligence procedure of Caribbean/European jurisdictions. In addition, this procedure in the Pacific jurisdiction is subjectively less rigid relative to European/Caribbean counterparts. As a result, the chances of obtaining a second passport will be noticeably higher.
Vanuatu’s second passport and economic citizenship will not be useful due to sanctions
Investment migration programmes are not static, demonstrating the ability to change rapidly, both in the direction of improvement and in the direction of deterioration under the influence of internal and external factors. The latter includes pressure from larger and more influential states and reputable international organizations. The effects of such pressure are observed in the Caribbean. Out of fear of Western sanctions, the Caribbean authorities are very selective about candidates from different countries, preventing Syrians, Afghans and immigrants from a number of other countries.
And there is something to be afraid of. The demonstrative “massacre” over St. Kitts has not yet been forgotten. In 2014, the economic citizens of the Caribbean jurisdiction lost their visa-free access to Canada due to a single incident involving an investor with roots in Iran, a western-sanctioned country.
The situation of Montenegro is no better: there is the pressure of the European Commission. The latter is quite capable of forcing officials of the Balkan state to quickly curtail the local scheme of accelerated naturalization.
In the case of Vanuatu, the influence of the United States and other Western countries is less visible, so no major sanctions should be expected. An additional advantage of Vanuatu’s economic citizenship is the following : the local investment migration scheme has not yet been promoted in Muslim states, and the situation is unlikely to change in the near future. Such a situation minimizes the possibility of scandals involving investors from the Middle East, accusations of “selling passports” to members of terrorist groups…
Vanuatu’s economic citizenship is the right to live in security and stability on the other side of the world with low taxes
There are very few untouched areas on Earth that are subject to the term “paradise.” One such place is Vanuatu, a paradise archipelago. Until recently, the local population was largely un dependent on Western culture.
The Republic of Vanuatu is a relatively young country that gained independence on 30 July 1980, becoming a parliamentary democracy. The population of the state with an area of about 12,000 square kilometers is about 280,000 (mostly Melanesians).
Applicants for Vanuatu’s economic citizenship should know that their potential new homeland consists of 83 islands (68 inhabited) with a tropical marine climate. The average annual temperature is approximately 23.5 degrees C. The main languages are English, French, Bislam. The country is characterized by religious tolerance. 84% of the local population are Christians.
Determined to obtain a second passport and economic citizenship of Vanuatu, any law-abiding and wealthy foreign investor will be able to find a second home in the southern Pacific, gaining the right to live in an eco-friendly, peaceful, safe, stable country located away from the centers of influence of superpowers like the United States.
Vanuatu’s economic citizens are offered stunning natural beauty, rainforests, majestic volcanoes and breathtaking scenery, an abundance of fresh water, a developed agricultural industry and a fishing sector. The abundance of small airports, yacht marinas, yacht clubs, hotels make the country an outstanding tourist destination.
In addition, holders of a second passport and economic citizenship of Vanuatu have numerous bonuses related to international entrepreneurship and investment. The jurisdiction is a major regional financial centre.
Another advantage of Vanuatu’s economic citizenship is the excellent tax planning opportunities. There is no income tax, capital gains, income (for fiscal residents) among other things. Add a relatively low labor cost, and you’ll get a great business development platform.
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