Obtaining Vanuatu citizenship for investment

2024-06-26
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In our globalized world, many seek mobility, financial independence and security for themselves and their families, making second citizenship or residency particularly relevant. Vanuatu, a tropical paradise in the South Pacific, offers a unique program for citizenship through investment, attracting those seeking the stability and benefits of an additional passport. OneWorld.id provides professional support for citizenship and residence permits through investment programs. This opens doors for business people and investors to new opportunities and simplifies the process of obtaining citizenship in Vanuatu, known for its fast processing speed and minimal residency requirements.

Vanuatu

Vanuatu is an island nation in the South Pacific Ocean, consisting of approximately 80 islands that span 1,300 kilometers. The country is known for its volcanic landscapes, coral reefs and dense rainforests. Vanuatu is not only a paradise for nature lovers, but also a country with a rich cultural heritage and traditions.

Climate

Vanuatu's climate is tropical, with high humidity and temperatures that vary throughout the year from 20 to 30 degrees Celsius. The country experiences two main seasons: wet (November to April) and dry (May to October), making it an ideal place to visit almost all year round.

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Population

Vanuatu's population is predominantly Melanesian, totaling around 300,000 people. The people here are known for their hospitality and friendliness, which makes visiting this country a particularly pleasant experience.

National Language

The official languages of Vanuatu are Bislama, English and French. Bislama is a Creole language based on English, which serves as the lingua franca among the population of different ethnic groups.

National currency and exchange rate for 2024

Vanuatu's national currency is the vatu (VUV). By 2024, the exchange rate of the Vatu against major world currencies such as the US dollar and the Euro ranges from about 100 to 120 VUV to 1 USD and 115 to 135 VUV to 1 EUR, making it an important aspect for investors and tourists.

Benefits of Citizenship

Vanuatu citizenship offers many benefits including visa-free access or visa on arrival to over 100 countries. In addition, Vanuatu does not tax income earned outside the country, making it attractive to international business people and investors. Obtaining citizenship through investment also usually takes less than a month, making this program one of the fastest and most efficient in the world.

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Cost of Citizenship

The cost of obtaining Vanuatu citizenship through investment starts at US$130,000.

Who can obtain citizenship

Eligible to obtain Vanuatu citizenship through investment are:

  • An investor with legal income
  • Spouse
  • Children under 18 years of age
  • Children between 18 and 25 years of age
  • Parents over 50 years of age

Stages of obtaining

Citizenship Verification

This stage is a preliminary assessment of the applicant's eligibility for the Vanuatu Citizenship Program. This includes checking the applicant's security, financial status and history. Criminal background checks and international sanctions checks are conducted.

Document Collection

Collection and preparation of all necessary documents for citizenship application. This includes:

  • Passport of the applicant and family members.
  • Birth and marriage certificates (if applicable).
  • Documents confirming the absence of criminal records.
  • Medical certificates.
  • Photographs in the prescribed format.
  • Documents confirming financial solvency (bank statements, tax returns, etc.).
  • Proof of income

At this stage, the applicant must provide evidence of the legality and sufficiency of their income. This may include:

  • Tax returns for the last few years.
  • Bank statements showing the movement of funds.
  • Documents proving income from investments, business or other sources.

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Expenses

A non-refundable down payment on a value of $130,000 or more

This down payment is mandatory and non-refundable.

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Banks operating in Vanuatu

There are several banks operating in Vanuatu providing a wide range of financial services:

  • Asia Merchant Bank Limited
  • Pacific Private Bank Limited
  • Vantu Bank Limited
  • MG Commercial Bank Limited
  • Alpen Baruch Bank Limited
  • ELG Bank Limited
  • Digital Ocean Bank Limited
  • ROC Bank Limited

Frequently Asked Questions

What is Citizenship by Investment?

Citizenship by Investment is a program that allows foreigners to obtain citizenship of another country by making a significant investment in its economy. This is usually done by buying real estate, creating a business or contributing to government funds.

Where is the cheapest place to obtain citizenship by investment?

Vanuatu offers some of the easiest and least expensive citizenship by investment programs in the world. In our ranking, this program is second only to Malta. It is the fastest among low-cost programs, allowing you to obtain citizenship in as little as a month.

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What is good about Vanuatu passport?

A Vanuatu passport allows citizens to significantly increase mobility and freedom of movement around the world, as well as optimize taxation. It also becomes a reliable Plan B in case of economic or political instability in the country of residence.

Where can I go with a Vanuatu passport?

With a Vanuatu passport, you can visit the Caribbean, Bahamas, Malaysia and Singapore without visas. In Egypt, Thailand and the Maldives, you can get a visa on arrival. For travel to Australia, Vietnam and Sri Lanka, an electronic entry permit is sufficient.

How much does housing cost in Vanuatu?

The average price per square meter of residential real estate in Vanuatu is 800-950 US dollars. Luxury properties, such as oceanfront villas and apartments in modern residential complexes, cost much more - from 5000 to 8000 USD per square meter.

What is the average salary in Vanuatu?

The average salary in Vanuatu for 2024 is approximately 900-1500 USD per month.

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