Vanuatu is situated in the South Pacific Ocean. More precisely, the island lies in east of northern Australia, southeast of the Solomon Islands, northeast of New Caledonia, east of New Guinea and west of Fiji. Tourists are attracted mostly by nature, clean beaches, jungles, mountains, and volcanoes.
Politically, Vanuatu is a parliamentary republic, democracy. The currency is vatu (VT). The major drivers of economy are agriculture, tourism, and the Citizenship by Investment program.
Vanuatu is incorporated into international relations and is party to the UN, the WTO. Vanuatu is a member of Commonwealth community, however the visas to UK and the Schengen countries are required, and the negotiations are held on introducing eTA currently.
There are three types of banks in Vanuatu: national banks, that are regulated by the Reserve Bank of Vanuatu, international banks, and offshore banking, that is controlled by the International Banking Act. Thus, companies registered in the offshore zone enjoy benefits from a tax-free regime. Offshore banking attracts businessmen because it provides tax incentives, complete confidentiality, and financial flexibility.
Real Estate Prices
Real estate prices in Vanuatu vary depending on location and type of property. In the capital, Port Vila, the cost of small apartments starts at $100,000, while luxury villas with ocean views can be priced at $500,000 and above. On less popular islands, you can find land plots and houses starting at $50,000, which attracts those willing to invest in the development of the area.
The real estate market in Vanuatu is actively growing, and experts predict price increases in the coming years. A stable political situation, favorable climate, and interest from international investors create all the conditions for property values to rise. Buying real estate in Vanuatu is not only an opportunity to enjoy exotic nature but also a profitable investment in the future.
Who can obtain citizenship
The following categories of individuals can obtain Vanuatu citizenship through the investment program:
- The primary applicant (investor).
- The spouse of the primary applicant.
- Children under the age of 25, provided they are financially dependent on the primary applicant and are not married.
- Parents over the age of 50 who are also financially dependent on the primary applicant.
Please note that parents must be over 50 years old, not younger. All applicants undergo a due diligence process and must meet the program's requirements.