- July 1, 2017
- Posted by: CIP Journal
- Category: Citizenship
Vanuatu has a new citizenship by investment scheme launched under Development Support Program (DSP) established under Citizenship Act [CAP 112] announced by Prime Minister Charlot Salwai. The Honorary Citizenship Development Support Program is launched by the Government of Republic of Vanuatu in March 2017.
The Vanuatu Development Support Program offers honorary citizenship to foreign investors against one time contribution of USD 200,000 and will replace the existing Vanuatu Economic Rehabilitation Program (VERP). Citizenship is only approved by Citizenship commission in Vanuatu after vetting of applicants for criminal record including due diligence checks.
- Vanuatu’s new citizenship by investment program.
- Second passport in a tax friendly country.
- Right to live, work and do business in Vanuatu as a citizen.
- Visa free travel to 113 countries including Russia, United Kingdom and Schengen states.
- Citizenship in a commonwealth country.
- Citizenship for spouse, children and parents.
- Processing time is 2 months.
All applicants must travel to Vanuatu and appear before a commissioner of Oath to receive citizenship certificate and passport.
Vanuatu is located in the South Pacific, located to the East of Australia and North of New Zealand, has a sub-tropical climate with easy lifestyle and a part of Commonwealth. Vanuatu is known as the ‘Isles of Contrast’ and ‘Paradise Islands’. Vanuatu is also popular for offshore companies .
- Contribution – USD 130,000
- Government processing fee – USD 30,000
- Due diligence fee – USD 40,000
The costs of family package listed below includes due diligence and Government fees.
|Applicant + Spouse||$220,000|
|Applicant + Spouse + 2 Children under 18 years||$240,000|
|Applicant + Parents above 65 years||$280,000|
Vanuatu passport has visa free travel to 131 countries including United Kingdom, EU schengen states, Russia
Dual citizenship is accepted in Vanuatu.
The Vanuatu Citizenship can be revoked based on the following grounds:
- Citizenship was granted in a fraudulent manner; or
- Citizenship was granted contrary to the provisions of the Citizenship Act [Cap 112] or the national Constitution of the Republic of Vanuatu; or
- The person after being granted citizenship is not complying with the restrictions provided by the Citizenship Act.