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Vanuatu, one of the leading offshore financial centers in the Pacific, is offering its citizenship in exchange for investment and opening up great business management opportunities.
The importance of second citizenship for people with less powerful passports is indisputable. It always pays to have a contingency plan in case of unforeseen political or economic circumstances or guarantees for asset safety. The quickest way to get all of these in one package is to invest in the Government Development Fund.
Twelve countries around the globe have Citizenship-by-Investment programs (CIP). Such Caribbean countries as Saint Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada, Saint Lucia are constantly competing for the foreign investors’ attention, using the foreign funds to survive economic crises and develop. Thus, the countries with CIPs would often update the conditions of the programs in a bid to gain more applicants, hereby making them more beneficial and appealing.
Vanuatu is one of the fastest and easiest ways to get second citizenship
We at Migronis can help you decide which nation is the best for you and which program suits your budget and needs perfectly. To know more about the options available for you
Can’t figure out which passport of the 5 Caribbean countries suits you best?
Vanuatu’s 2016 GDP reached $774 million. The country is a significant offshore financial center of the Pacific Region.
And, though the conditions of interaction with global financial havens have become slightly more complicated, Vanuatu still retains the advantages.
Another uncommon feature of Vanuatu’s citizenship by investment program is that even those who were denied a passport by other Caribbean countries may still have a chance with Vanuatu. Caribbean nations often exchange information on the candidates whose applications were turned down. However, the authorities of Vanuatu base their decision on their own conclusions. As a result, this country’s citizenship may be the last resort for foreign investors with previously rejected applications.
The Development Support Program of Vanuatu, as mentioned above, requires a non-refundable donation of $130,000 both for a single applicant and a family of 4.
There are several stages of obtaining the second citizenship of Vanuatu.
The candidates also has to submit biometrics by going to Hong Kong for this purpose, or even in one’s country in a specialized institution that will directly send the data to Vanuatu. An applicant is aexpected to take an Oath of Allegiance, which may be done via Skype. Certificates of naturalization are issued next.
Finally, within the next 2 weeks, the foreign investor and their family members receive their Vanuatu passports.
The total average maximum of Vanuatu’s citizenship for the whole family is $280,000 with all the fees and extra payments.
This is a good alternative for European economic citizenship programs! In Cyprus, for example, the minimum budget for a passport is €2 million, and in Malta, €650,000. Once all requirements are met, and citizenship acquisition stages complete, the second passport of Vanuatu is all yours. It is valid for 5 years, and is subsequently renewed for the same period of time, but the citizenship is issued for an indefinite amount of time, and is inherited by the future generations.
We at Migronis can help you create the ultimate portfolio of passports and residencies to become the optimal global citizen, with no boundaries or regimes holding you back. Our expertise in investment migration with our customer-centric approach allows us to decipher your needs and situation, we then research the best options and provide you with the ultimate route to complete global freedom for you and your family.
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