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 capital city is Port Vila on the island of Efate. Albeit small in size and population (44,000), Port Vila boasts a well-developed banking and financial infrastructure with approximately seven banks serving the international financial industry and a range of highly professional lawyers, accountants and financial advisers including big-name international firms.
The Capital Investment Immigration Plan (CIIP)
The Capital Investment Immigration Plan (CIIP) of Vanuatu was initially proposed in early 2012 and fully adopted by the Government of Vanuatu in April 2014. The objective of the Plan is to create local jobs, stimulate the economy and keep the national budget balanced.
To facilitate and attract overseas investors, Vanuatu has passed and enacted all necessary legislation and regulations, even going so far as to change its Constitution to recognize dual and multiple citizenships, which was not recognized until the Constitution was changed by a two-thirds majority of Parliament in December 2012.
The Vanuatu Capital Investment Immigration Plan is endorsed and guaranteed by the government of Vanuatu and was fully ratified in the constitution of the Nation on September 2013. The associated legislation includes section 13C of the Citizenship Act (Cap. 112), Immigration Act #17 of 2010 and #15 of 2013, International Companies Act (Cap. 222), Immigration Regulation Orders and International Companies Regulation Orders.
Vanuatu CIIP is one of the quickest options for the investors looking for the second citizenship and a new passport. The processing can be one month and the citizenship is granted after this period if the applicant matches the requirements.
Advantages of Vanuatu Capital Investment Immigration Plan:
A Vanuatu passport allows visa-free travel to more that 120+ countries, including all European Union countries, the United Kingdom and Ireland;
Possibility to apply for Australian Visitor Visa (subclass 600) and US tourist visa amongst others;
Family friendly citizenship programme: the successful application covers the family of three (main applicant, spouse and one child under 18), with only nominal fees for additional dependents
The Republic of Vanuatu imposes no income, wealth and inheritance taxes;
The absence of tax treaty exchange and guaranteed bank and commercial privacy in the highly developed Vanuatu Banking sector (Vanuatu is the Bahamas of the Pacific, but without tax exchange treaties in place with most countries)
Short period of required residence, which can be undertaken after citizenship has been acquired
All CIIP applicants will receive a Vanuatu International Company with account in a Vanuatu bank, at no extra charge
Applicants must be over the age of 18 when submitting their application.
Applicants must submit an original certificate of no criminal record from the jurisdiction in which he/she has resided during the last 12 months and (if different) the jurisdiction of his/her principal nationality.
Within one month after the application has been approved in principle, the applicant should deposit the full fee of US$260,000 with the Deputy Commissioner of the Vanuatu Financial Services Commission.
Applicants should have no less than $260,000 United States dollars of net personal assets when submitting their application.
Applicants should provide evidence that they are solvent and financially able to maintain themselves and their dependents without depending on income from any employment or business arranged in Vanuatu.
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