The Vanuatu Citizenship Investment Program, launched in 2017, is a unique offering in the southern Pacific Ocean region.
Vanuatu
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.
Benefits of Vanuatu citizenship
Visa-free countries
Tax regime
Tax system in Vanuatu is straightforward and is aimed at attracting international businesses and investors. So that, the country has limited taxes. Thus, there is no tax on personal income, inheritance, capital gains, on dividends, property, wealth.
Companies that are registered on the territory of Vanuatu, including offshore businesses, enjoy a 0% corporate tax. Instead, they face a 12,5% VAT. This VAT is lower than in many other countries, that is appealing to businesses. Moreover, companies are exempted from capital and exchange controls.
The annual registration fee is USD 300-1000 per year. Contribution to a pension fund is 6%.
What about real estate purchase tax, when buying, changing property, one has to pay a tax of 2 to 12%.
Vanuatu also has several other taxes, such as stamp duty at a fixed rate of 2% and customs duties on imported goods ranging from 0% to 50% - it depends on the type of goods and country of origin.
It is important to emphasize that Vanuatu guarantees data protection and privacy for businesses. Investors can feel safe and secure in Vanuatu.
However, Vanuatu does not have double tax treaties with other countries.
Vanuatu is situated on the 83 islands of the New Hebrides archipelago. Mass tourists may not know much about this place. However, it possesses a great potential for popularity, especially among businessmen and investors.
Business set up
Types of legal entities in Vanuatu:
- Sole trader
A sole trader is the only owner of the business and is personally liable. There is no legal separation between the person and the business. - Partnership
A partnership presupposes 2 or more contributors to the business. Their shared activity is underpinned by an agreement. - Company
A company is a separate legal entity from the owners, who are called shareholders. Types of companies in Vanuatu include: local limited Company, exempt company, unlimited company, international company, overseas company.
Investment options for Vanuatu citizenship
Example of expenses for a family
Post-immigration services
Proof of address (Lease Agreement + Utility bill)
Banking assistance (local and offshore accounts)
Tax Identification Number
Police reports for approved clients
Company registration/incorporation (local and offshore companies)
Requirements for applicants
- Main applicant
- Spouse
- Children below 30 years old (single and childless)
- Parents of MA and spouse above 50 years old
Our successful cases
Testimonials from satisfied clients
I thank One World Migration for the opportunity to move to Turkey with their help. I looked for a freelance job option for myself for quite some time, so that I could move to another country.
I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
Frequently Asked Questions
It has a period of maximum 5 years. The validity period starts from the date of issue and runs until the date of expiry.
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