vanuatu

VANUATU

CITIZENSHIP BY INVESTMENT

OVERVIEW

The Vanuatu Citizenship Program (Development Support Program – DSP) was created by the Government of Vanuatu in 2017. Vanuatu passports have the longest validity of 10 years for all family members regardless of their ages.

Processing time 2 months

Visa free travel Visa free travel: Instant visa-free to 130 countries including the Schengen States, UK, Singapore and Hong Kong

Investment type Donation

Investment cost USD 130,000

Family dependents Spouse, children below 26 years old and elderly parents above 50 years old..

Passport validity Ten (10) years for both adults and minor children.

COUNTRY INFO

The Republic of Vanuatu is a beautiful nation stretching across the South Pacific Ocean, located west of Fiji and four hours by plane from the east coast of Australia. Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometers. The islands offer scuba diving at coral reefs, underwater caverns and wrecks such as the WWII-era troopship SS President Coolidge. Harborside Port Vila, the nation’s capital and economic center, is on the island of Efate. The city is home to the Vanuatu National Museum, which explores the nation’s Melanesian culture.

Vanuatu is a member of the African, Caribbean and Pacific Group of States, Pacific Community, Pacific Islands Forum, United Nations and World Trade Organization.

CAPITAL

Port Vila

POPULATION

276,244 People

LANGUAGE

English, French and Bislama

EXCHANGE RATE

1 USD = 109.642 VT

CURRENCY

Vatu (VT)

GOVERNMENT TYPE

Representative Parliamentary System

BENEFITS

SIMPLE PROCESS

Flexible with transfer of funds

The investment is payable only after the Vanuatu citizenship approval, not before

No need to renounce your current citizenship(s)
No notification to your home country on your new Vanuatu
Citizenship by Investment

No physical residency requirements, you are entitled to apply instantly

No interview, language test, education or management experience required

GLOBAL MOBILITY

Instant visa-free to 130 countries including the Schengen States, UK, Singapore and Hong Kong

Allowed to stay in United Kingdom for 6 months at a time

Reputable second passport easy to obtain visas when required

WEALTH PROTECTION

No taxes on capital gains, no taxes for non-residents

Ability to open bank accounts in reliable banking institutions worldwide with this passport

No restriction on the repatriation of profits and imported capital

COSTS

To be eligible for Dominica Citizenship under its Citizenship by Investment Programme, there are two options to choose from.

 
1. DONATION TO THE DEVELOPMENT SUPPORT PROGRAM (DSP)
Non-refundable financial contribution to a Government fund. The cost varies depending on the number of applicants and their ages.
Single Application
USD 130,000
Main Applicant plus spouse
USD 150,000
Main Applicant, Spouse and 1 dependent
USD 165,000
Main Applicant, Spouse and 2 dependents
USD 180,000
Any additional dependent
USD 10,000

DUE DILIGENCE & BACKGROUND CHECKS

Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.
Due Diligence Fee per Application
USD 5,000
Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.

REQUIRED DOCUMENTS

Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke
service that simplifies the application process, requesting from clients the bear minimum. Our job is to
simplify the document collection as much as possible and when required we obtain the documents for the
client without their involvement. Please note the below list is to be used as a guideline only, after assessing
the particular case Citizenship Invest prepares a personalized checklist.

Documents required from each applicant including children:

Stage 1
Pre-approval:
• Nomination form
• Certified copy of all passports held
• Certified copy of Photo Identity Card
• Original Police Record from country of birth, country of citizenship, country of residence (if different), and any country in which the applicant has resided for at least one (1) year in the past ten (10) years, for each applicant sixteen (16) years and over.
• Personal Profile (CV) including Education and Employment History (Main App + Spouse)

Stage 2

Full Document Submission:
• Nomination Form- Full Documentation
• Original excerpt of full birth record or certified copy of full birth certificate with MOFA attestation (i.e. a birth document that also includes your parent’s details, or a household register, family book etc.).
• Original Medical Certificate
• Eight (8) Original passport-size photos

Forms and documents required only from the main applicant:
• One original bank reference letter issued by an internationally recognized bank, not older than 6 months.
• One original professional reference (e.g. from an attorney, notary public, chartered accountant or other professional of similar standing), not older than 6 months.
• One original Employment letter
• Certified copy of university/college diplomas
• Proof of residential address (copy of valid tenancy contract/original utility bill)

Documents required only if married persons apply together:
• Original excerpt of marriage record or certified copy of marriage certificates with MOFA attestation (if applicable).
• Certified copy of divorce documents with MOFA attestation (if applicable)

For a personalized document checklist please contact us.

TIMELINE

MONTH 1

PLUCO will pre-screen your passport for government pre-approval. A down payment for professional fees is payable to start your application.

PLUCO professional team will assist and advise you with the collection basic required documents for initial approval by FIU (Vanuatu Financial Intelligence Unit). Once the file is ready for submission, Government Processing Fees, Due Diligence and PLUCO submission invoice are payable.

Approval in Principle is issued by FIU. Remaining documents are submitted and 25% of the Government contribution is payable

MONTH 2

Citizenship Approval is issued and 75% of the Government financial contribution is payable

Citizenship Certificates and passports are issued. The balance of PLUCO professional fee is paid.

The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

SUMMARY

CONTENT

  • Program Overview
  • Citizenship Law
  • Country profile
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Document Checklist