Vanuatu Citizenship by Investment Program
Vanuatu offers numerous benefits for international private clients. Among others, there are no personal income, capital gains or withholding taxes. The sale of land is taxable as are share transfers and they charge VAT on local business transactions. They also impose import duties on local businesses.
Vanuatu is an independent Commonwealth State, having gained independence from the UK and France in 1980. The country is located in the South Pacific and comprises of 83 islands, of which, 68 are populated and spread over 1,300 kilometers. Its proximity to Australia and New Zealand ensure close ties to the countries.
Vanuatu Citizenship by Investment Requirements
The Vanuatu DSP Citizenship by Investment Program requires an applicant to make a significant financial investment into the country in return for citizenship for the applicant and his/her family.
To qualify for citizenship, the main applicant must be over 18 years of age, meet the due diligence requirements and make a contribution to the Government of Vanuatu.
Eligibility Requirements include minimum personal net assets of at least US$ 250,000, a clean bill of health and a clean criminal record from the country of birth and the country of current residence.
A unique feature of the Vanuatu DSP is the fact an applicant must first pass the due diligence process before submitting the application. Assuming there are
no areas of concern the typical time frame from the submission of the application to issuance of the passports is between one and three months.
What Makes Vanuatu Worthy of Consideration?
Attractive tax policy together with geographical proximity to Australia and New Zealand for business opportunities. Plus, outstanding natural beauty, abundance of fresh water, fish, tropical forests and breathtaking scenery as well as its small airports, marinas, yacht clubs and hotels all combine to make it an outstanding and growing tourist destination and offshore financial services center.