About 1.1% of Vanuatu’s total population is immigrants, which is steadily increasing. The island country of Vanuatu is as pristine as you can imagine. The nation comprises about 80 islands and is one of the gems of Oceania.
If you dream of a life roaming on stunning white beaches, scuba diving on weekends, exploring coral reefs as a hobby, and strolling through museums and churches of architectural wonder, then a Vanuatu citizenship is for you.
This island nation has a strong economy, and the climate is wonderful. But more than that, having a Vanuatu passport can let you enjoy many options in terms of tax and travel benefits. The medical facilities are pretty good, and you can have a life free of tension and worries as far as political turmoil and economic meltdowns are concerned.
If you are looking for dual citizenship, then Vanuatu is a destination worth considering. But how do you start the process? What kind of paperwork is required to make the move? What kind of perks can you enjoy with a second passport from Vanuatu? In this article, I will explain how the Global Residence Index can help you with the process.
What are the Various Citizenship Options in Vanuatu?
Vanuatu provides you with some quick methods to start your citizenship application. There are residency visa options as well.
Citizenship by Investment or CBI
They have a robust Citizenship by Investment or CBI Program. By this method, investors are allowed to make investments or donations to the Vanuatu economy, and in exchange, they are given citizenship with full rights and benefits.
If you follow all the regulations and you have a clean background, then the process is completed within months. With conventional methods of immigration, this could have taken years.
Earlier, there were several CBI programs in Vanuatu. This was quite confusing for the investors as they had trouble understanding which method would suit them the best. However, the Vanuatu government has streamlined the process in recent times, and organizations like the Global Residence Index, or GRI, are here to help you with the process as well.
To apply via CBI, you must show that you can make a one-time, non-refundable contribution to the Vanuatu government. In addition, you should have no criminal record in your native country, and you also need to show that your source of money is clean. Then, you can start the application process.
Here is a tentative amount for the application process, but it is subject to changes. GRI will let you know the exact amount when you apply.
- $130,000 for one person
- $150,000 for a married couple
- $180,000 for a family of four
Additionally, you can also make a contribution of $25,000 for your partner or any child under the age of 18. Besides, there is an application fee of $5000, and that includes all the documentation. The other certificates and passports will cost you $400.
Although this might seem a lot initially, this is a one-time investment, and a world of opportunities will open up for you. If you are running a business, it will give you the scope of expansion, as well as allow you to enjoy tax and travel benefits.
Moreover, the banks in Vanuatu are very understanding of business needs, and you do not have to make the entire payment during the application. You can send it in parts as well.
GRI ensures that you can complete your application process smoothly. And the entire process, if the verification goes through without any glitches, will take only a few months.
Residency Visa Options
GRI can help you avail yourself of the residency visa options as well. Over time, you can apply for citizenship as well. You can first go on to live there through the residency visas and then eventually apply for citizenship later.
As a foreign national, you can get a Permanent Residency Visa if you do not live in Vanuatu. You can get a visa by investing an amount of $100,000 in the country’s agriculture or real estate sector. If you have retired from your job in your native country but you still have a monthly income of $2500, you are still eligible to apply.
There are two types of Permanent Visa Options that you can explore.
- Part A, Subclass 131, is applicable for those with Ni Vanuatu parents or descendants.
- Part B, Subclass 132-135, is for those interested in investing in Vanuatu.
The Visa laws for this are quite stringent. This is where agencies like the Global Residence Index come in. They can help you determine whether you are eligible and which option would be the best one for you.
Permanent Residency Green Card
The Vanuatu government also offers the Permanent Residency Green Card. This is ideal for those who want residency status immediately because the government issues this in just one day. The entire process takes less than a week, and you can get your green card in just five days or so.
However, for this, the candidate should meet the essential criteria of being 18 years or older. They should have an international passport, and apart from having a clean background, they should also have a net worth of $350,000.
Other Residency Visa Options
There are some other kinds of visa options as well that will help you gain citizenship eventually. They are short-term visas with lower investment amounts, but you can explore other options once you are in the country. The investment amounts are as low as $50,000 to $90,000.
- The Self-Funded Visa: This is ideal for ex-pats and pensioners who can prove they have the means of sustaining themselves in Vanuatu. They must have an income of at least 250,000 Vatu per month individually. Or, it can be 500,000 Vatu per month for families.
- The Land Owner Visa: This option is ideal for those who want to invest in land. There is a minimum investment of $90,000. It will allow you to live in the country, and then you can lease real estate properties.
- The Investor Visa: For this, you have to invest an amount of $50,000 in any project approved by the Vanuatu Investment and Promotion Authority. You can also start and run a business and expand it as required.
Conclusion
The Vanuatu government welcomes its investors very much. If you consider investing in Vanuatu to obtain citizenship in the country, you can be sure of getting all the perks and benefits the government offers. The citizenship, or even the permanent residency status, allows you to live your dream lifestyle.
Global Residence Index has helped hundreds of individuals and families acquire citizenship in their dream countries. If you have Vanuatu on your mind, they will help you every step of the way.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
