Vanuatu passport is becoming increasingly popular among Russians and citizens of other CIS countries. There are several reasons for that. Let’s take a closer look at the main benefits of the Vanuatu citizenship by investment.
First, it is the speed and convenience of purchase. If you have all the documents ready and the necessary funds available, you can get Vanuatu passport in 1.5-2 months. No other investment citizenship can offer such record-breaking deadlines. For instance, in case of Dominica, St. Lucia or St. Kitts and Nevis citizenship it will take at least 4-5 months and probably longer.
Secondly, the price of acquiring Vanuatu citizenship by investments is quite competitive and is between the lower and middle bar prices for similar citizenship of the leading Caribbean countries, such as Dominica, St. Lucia, St. Kitts and Nevis and Grenada. The price becomes even more attractive if you acquire Vanuatu citizenship by investment not only for yourself, but also for your family members.
Thirdly, the process of passing the due diligence, as well as checking the source of funds – the two main components of any citizenship by investment application process – in case of Vanuatu is much softer than even in the Caribbean countries, not to mention Malta or Cyprus. This may be a game changer, because based on this test authorities of a given country decide whether to grant investment citizenship to you and your family members.
It’s no secret that with respect to citizens of the Russian Federation and other CIS countries, immigration authorities apply additional scrutiny. This is so in the case of the two EU countries that offer citizenship by investment: Malta and Cyprus. Recently the both countries received new instructions from the European Commission to strengthen control over the EU investment citizenship. Although in the Caribbean countries the level of scrutiny is usually lower than in the EU, it’s still considerably higher than in case of Vanuatu.
In addition, all these countries in the Caribbean community recently launched a common database of their citizenship by investment programs. Now they share all the info related to the program applicants. As a result, if they did not grant you an investment citizenship, for instance, in Dominica, there is no point in applying for citizenship in any other Caribbean country.
The next very important, and for many, the most important advantage of a Vanuatu passport, is visa-free entry to more than 125 countries of the world, including the Schengen countries and the UK. Unfortunately, for Russians and citizens of other CIS countries it’s getting harder to obtain a visa to Schengen and Great Britain. This trend will probably continue due to the increasing confrontation of Russia with the West.
In addition to visa-free travel, a Vanuatu passport will provide you with new opportunities for opening bank accounts, setting up companies and trusts in various foreign jurisdictions. Along with Vanuatu passport documents, you can apply for Vanuatu’s driver’s license and get it without delay.
Having two forms of picture ID of the same country will make your life easier in case you have to carry out any transactions involving the transfer or receipt of money, execution of wills, powers of attorney, trusts and in all other cases requiring an additional level of identification.
The next advantage is Vanuatu’s extremely liberal tax system. There is neither income tax nor corporate tax. In addition, most other taxes are also missing here, such as income on investments, inheritance, etc. It’s no surprise that Vanuatu is known as a “tax haven.”
Another important advantage is that the process of reviewing applications for citizenship of Vanuatu is held in complete confidentiality, and you are not threatened by a sudden disclosure of the fact that you applied for a second citizenship or by the fact that you received a Vanuatu passport.
Add to this a warm mild climate of Vanuatu, its stunning beaches, the richest underwater world and the amazing friendliness of the local population. Now you probably have an idea of the main advantages of a Vanuatu passport.