One of the youngest immigration programs that is gaining popularity is the investment program of the Republic of Vanuatu. The main reason for this popularity is that until 1980, Vanuatu was jointly ruled by Britain and France. After gaining independence, the country became a member of the Commonwealth of Nations of Great Britain with compelling advantages of its citizenship.
But, unlike the immigration programs of countries offering similar conditions for obtaining citizenship, the Vanuatu program is also the fastest - a second passport can be obtained in 1.5 months.
Benefits of owning a Vanuatu passport
- Visa-free travel to and residence in England for 180 days a year.
- Free entry to the countries of the European Union and the Schengen zone with residence there for 90 days in half a year.
- There is no need to permanently stay in Vanuatu and even come to the country to obtain citizenship status.
- Citizenship is inherited at a low registration cost.
- Preferential tax conditions.
- No capital controls.
- Applicants for a Vanuatu passport are legally allowed to have a second citizenship.
- The minimum terms for obtaining citizenship, which have no analogues among the investment programs of other countries.
How to get a Vanuatu passport
A state program has been developed that makes it possible to obtain a citizen's passport in exchange for placing capital in the country. The application is submitted to the Commission on Economic Citizenship through intermediaries. The specialists of the Garant migration center advise you to choose a company as a certified agent.
Together with the investor, the second spouse, children under 26 years old (including from previous marriages) and parents under 56 can obtain citizenship. And if children with disabilities - then regardless of age. All relatives must be financially dependent on the investor.
Conditions of the investment program
Soft investment terms are another reason for the growing popularity of the program. To obtain a Vanuatu passport, there is no need to open a business or buy real estate - you just need to make a charitable contribution to the National Development Fund in the amount of $ 150,000 for one investor.
The advantage of this program over similar programs in the Caribbean countries is the small difference in the amount of investment for one applicant and for his family members. So, citizenship together with a spouse will cost 170 thousand dollars, for a family of 4 people you need to pay 200 thousand dollars.
This is already the full cost, with additional administrative costs.
Investor requirements
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An important condition for participation in the investment program is the successful completion of the due diligence check. The audit is carried out by the financial intelligence unit of the government of the country. She is quite loyal, since officials draw conclusions about the applicant's admission to participation in the program only on the basis of their own conclusions, without taking into account information from other countries, including regarding the refusal of a potential investor in their programs. Verification of documents for reliability takes a maximum of 2 weeks.
Other requirements include the investor's majority, no criminal record and international wanted list, as well as in the lists for prohibiting entry into the country.
The uniqueness of the investment program of Vanuatu
This state is the first and only in the world to allow the purchase of its citizenship for cryptocurrency since 2018. You can get a country's passport for 44 bitcoins. This path is very attractive for investors who want to preserve the anonymity of obtaining a second citizenship.
Since the applicant cannot directly pay the digital currency to the state treasury, the experts of the certified agency will assist in payment through reliable escrow agents.
Stages of the procedure for obtaining a Vanuatu passport together with Vcgarant
- Registration of the necessary documents by specialists of a certified agency (including apostille and notarization).
- Payment of 25% of the investment amount and payment for the due diligence service.
- Approval of the application by the Commission or refusal.
- In case of a positive decision - notification of the agency.
- Payment of the remaining 75% of the investment amount.
- Issuance of a certificate of citizenship and a passport.
Note that the investor must take an oath before receiving a passport. But, since the cost of the flight to Vanuatu is quite high, because it is located near the east coast of Australia, this can be done at the Vanuatu embassy or consulate closest to the place of residence.
The Migration Center "Garant" is also empowered to invite an employee of the department who will conduct the procedure for taking the oath in the capital of the state where the investor lives.
