Blog - International tax planning - International Tax Lawyer - International Tax Planning for Crypto Investors

Vanuatu: Citizenship by investment (CBI), Citizenship, Passport

Vanuatu: Citizenship by investment (CBI), Citizenship, Passport

Part 1: Introduction to the Vanuatu Passport and Citizenship

The Vanuatu passport is a travel document issued to citizens of Vanuatu, a small island nation located in the South Pacific Ocean. The Vanuatu passport allows its holders to travel internationally and access a variety of visa-free and visa-on-arrival destinations around the world.

In addition to the Vanuatu passport, the country also offers a citizenship-by-investment (CBI) program, which allows individuals to become citizens of Vanuatu through a monetary investment in the country. The CBI program was established in 2017 as a way for the Vanuatu government to attract foreign investment and boost the country's economy.

There are several benefits to obtaining Vanuatu citizenship through the CBI program. In addition to obtaining a Vanuatu passport, which allows for international travel, Vanuatu citizenship also provides access to a number of other benefits, including:

  • The right to live, work, and study in Vanuatu
  • Access to Vanuatu's universal healthcare system
  • The ability to own property in Vanuatu
  • The ability to start a business in Vanuatu

In the following sections, we will delve deeper into the Vanuatu passport and citizenship, including the requirements for obtaining a Vanuatu passport through the CBI program, the benefits of Vanuatu citizenship, and the process for applying for Vanuatu citizenship.

Part 2: Requirements for Obtaining a Vanuatu Passport through the CBI Program

To be eligible for the Vanuatu CBI program, individuals must meet the following requirements:

  • Be at least 18 years old
  • Have a clean criminal record
  • Have a good reputation and character
  • Have a stable financial background
  • Have a permanent residential address

In addition to these requirements, individuals must also make a monetary investment in the country. The exact amount of the investment varies depending on the specific investment option chosen. Currently, there are three investment options available through the Vanuatu CBI program:

  • A non-refundable contribution to the Vanuatu Development Support Program (VDSP), which ranges depending on the number of dependents included in the application
  • An investment in a pre-approved real estate project
  • An investment in a Vanuatu-registered business

It is important to note that these investment amounts are subject to change and may vary depending on the specific details of the investment.

Part 3: The Benefits of Vanuatu Citizenship

In addition to the benefits of obtaining a Vanuatu passport, which includes the ability to travel internationally and access a variety of visa-free and visa-on-arrival destinations, Vanuatu citizenship also provides access to a number of other benefits. These benefits include:

  • The right to live, work, and study in Vanuatu: As a Vanuatu citizen, you have the right to live, work, and study in the country. This allows you to establish a permanent residence in Vanuatu and fully participate in the country's society and economy.

  • Access to Vanuatu's universal healthcare system: Vanuatu has a universal healthcare system that is available to all citizens. As a Vanuatu citizen, you will have access to a wide range of healthcare services, including primary care, hospital care, and specialist care.

  • The ability to own property in Vanuatu: Vanuatu citizens have the right to own property in the country. This allows you to invest in real estate and potentially benefit from the growth of the country's property market.

  • The ability to start a business in Vanuatu: As a Vanuatu citizen, you have the right to start and operate a business in the country. This can be a great opportunity for individuals looking to start a new business or expand an existing one into a new market.

Part 4: The Process for Applying for Vanuatu Citizenship

The process for applying for Vanuatu citizenship through the CBI program consists of the following steps:

  1. Choose an investment option: As mentioned above, there are currently three investment options available through the Vanuatu CBI program: a non-refundable contribution to the VDSP, an investment in a pre-approved real estate project, or an investment in a Vanuatu-registered business. You will need to choose the investment option that best meets your needs and financial goals.

  2. Submit an application: Once you have chosen your investment option, you will need to submit an application for Vanuatu citizenship. This application can be completed online and will require you to provide personal and financial information, as well as supporting documents such as proof of identity, proof of residence, and a clean criminal record certificate.

  3. Make your investment: After your application has been reviewed and approved, you will need to make your investment in order to complete the process. The exact amount and method of payment will depend on the investment option you have chosen.

  4. Obtain your Vanuatu passport: Once you have made your investment and completed the necessary paperwork, you will be issued a Vanuatu passport and become a citizen of the country.

Part 5: Conclusion

The Vanuatu passport and citizenship are valuable assets that provide access to a wide range of benefits, including the ability to travel internationally, the right to live, work, and study in Vanuatu, access to the country's universal healthcare system, the ability to own property in Vanuatu, and the ability to start a business in the country. The CBI program provides a way for individuals to become Vanuatu citizens by making a monetary investment in the country. The process for applying for Vanuatu citizenship involves choosing an investment option, submitting an application, making the required investment, and obtaining a Vanuatu passport.

HOW CAN YOU USE OUR SERVICES?

If it is your first time, here are some examples of the results our tax lawyers can help you achieve:

international tax optimization, to cut down your taxes (even to zero)

- analyze your specific situation and your business situation to help you choose the best country/countries for your specific needs, which guarantees you both tax savings and everything you wish for;

protect your assetsmaking them "untouchable";

become an international / global entrepreneur, able to use all world regulations and tax advantages to your benefit;

- making you profit using tax havens;

- acquire multiple residences;

- acquire new passports;

Check our main page now and contact us https://yourinternationaltaxlawyers.net

Information

All images are for demonstration purpose only. You will get the demo images with the QuickStart pack.

Also, all the demo images are collected from Unsplash. If you want to use those, you may need to provide necessary credits. Please visit Unsplash for details.

We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.