Vanuatu is the slingshot-shaped chain of 83 islands located in the Pacific Ocean between Australia and New Zealand… and literally thousands of miles away from the world’s political and economic problems!
A former joint British-French protectorate, Vanuatu became an independent republic in 1980 and has since fiercely guarded its independence and sovereignty. Vanuatu is self-sufficient in many aspects, with most of its food produce being organic. Vanuatu is a free market economy with no personal income taxes.
The Development Support Programme (DSP) of Vanuatu was initially proposed in early 2016 and fully adopted by the Government of Vanuatu in April 2017. The objective of the Plan is to create local jobs, stimulate the economy, and keep the national budget balanced.
Due diligence and ancillary documentation requirements are faster than most Citizenship by Investment programmes. Online applications are streamlined and fast-tracked, resulting in reduced processing times of around 45 days. Vanuatu DSP is therefore one of the fastest options for the investors looking for a second citizenship and a new passport. Processing can be completed within a one month; citizenship is granted after this period if the applicant matches the requirements.
Vanuatu is currently the first and only country to officially accept payments in bitcoin in exchange for Citizenship.
Advantages of Vanuatu Citizenship:
- No residency requirements for successful applicants.
- Family friendly citizenship programme: the successful application covers a family of four (main applicant, spouse, and one child under 18 years) with only nominal fees for additional dependents.
- The Republic of Vanuatu imposes no income, wealth, and inheritance taxes.
