Some Basic Details of Vanuatu Citizenship By Investment Program
Citizenship by investment Vanuatu is the best program for those who want to get the second citizenship of this nation. Vanuatu is a chain of 83 small and beautiful islands in the South Pacific. The applicants can easily get the second citizenship of Vanuatu by investing $130,000 in a local development fund. The official languages of this nation are French and English.
In the Asia-Pacific region, Vanuatu is the only nation that is offering citizenship by investment program. This Vanuatu citizenship investment program offers the quick citizenship and second passport program available for various investors. The investor has to pay $130,000 for a single application and the donation amount for the couple is $150,000. If the investor wants to apply for the whole family, the total amount required for the payment is $180, 000 for the family of four.
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Key Point Of Citizenship By Investment Program
Vanuatu is offering citizenship to the Ni-Vanuatu rights to the investors, but they will not get voting and political involvement rights. The investors who will get the citizenship of Vanuatu through the Vanuatu citizenship investment program will have no restrictions on dual citizenship.
Also, it is not necessary to visit the country or stay there to retain your passport. You can leverage the benefits of a Vanuatu passport by staying in any country. Moreover, Vanuatu does not implement stringent tax rules and regulations on income, wealth, capital gain, or inheritance.
The processing is very quick and the investors will get citizenship in just 30 to 60 days. The investors have to pay a specified donation amount according to the number of investors. Also, they have to pay the fees along with the donation amount.
The citizenship obtained by the investor will be passed on to his/her kids. Also, the oath swearing process can be organized anywhere as per the convenience of the investor. There is no need to speak a specific language to get the citizenship of Vanuatu. You should make a list of all essential Vanuatu citizenship requirements.
Payment through Bitcoin or Cryptocurrency
The Vanuatu government has announced that they are ready to receive payments through bitcoins or cryptocurrency. It is an alluring option for most investors. Well, the government of Vanuatu will not receive the payment directly in bitcoins. But the authorized dealers will take the payment in bitcoin and later on they will submit the amount in USD. The Vanuatu passport generated for the investor will be valid for five years. After that, he/she has to renew her passport.
Quick Citizenship by Investment Program
The Vanuatu citizenship investment program is one of the simplest and fastest ways to get a second passport. Usually, the processing time is two to three months. In some situations, people can get a passport in just 40 days. Vanuatu’s citizenship by investment is one of the best and quickest ways to get Vanuatu’s citizenship by investment program.
Though the citizenship by investment program is quick, it is also based on the time taken by the investors to submit required docs and transfer money. There are so many Vanuatu citizenship benefits that should be leveraged by investors.
After submission of the required documents, the unit which is handling this program will go through all documents and verify them before approving the citizenship. You should double-check your documents before submission. Due to the COVID-19 pandemic, digitized documents are accepted to reduce contact and stop the spread of infection.
Day by day, the development support fund program has become sturdy. Through this program, more than 2,400 applicants have received the second passport and they are helping in generating more than $350 million in revenue for the island.
Vanuatu is the chain of the 83 islands and this nation has made some changes in the citizenship by investment program. Well, it is possible to process these applications from a remote location. In earlier times, the investors had to collect their passports by visiting Vanuatu. The passport officers deliver your second passport personally.
Due to the present pandemic and suspension of many flights around the whole world, Vanuatu has recognized that this process is not applicable in the pandemic time. Therefore, the Vanuatu immigration department has announced that passports can be sent to the investors directly by the courier to a foreign mission.
The investor can receive the passport in the residence country. When the foreign mission receives the passport, then they will further deliver it to the client’s residence. Investors should know the Vanuatu citizenship requirements before investing.
By doing these changes in the program, this citizenship by investment program is very much attractive. Usually, the average processing time of these programs is approximately three months. This program is the quickest and simplest way of getting the passport of Vanuatu.
Mark Stephen is a senior reporter at BenjaNews.com and he regularly contributes to the news site with his latest news stories.