In the era of globalization, overseas identity planning has become a craze.
Vanuatu passport, with its advantages of low cost and high efficiency, as well as meeting the diversified needs of children's education, asset allocation and global access, has become a hot choice for high net worth individuals.
01
Vanuatu Citizenship by Investment Program
Low cost and fast
Vanuatu launched the Citizenship by Investment Program in 2017, which allows applicants to acquire citizenship and passport through economic contribution.
? The program is known for its low cost, low threshold and high efficiency:
There are no language, academic or business background requirements, no need to explain the source of funds, and no residency requirements. Investors can apply for Vanuatu citizenship with their entire family by making a minimum contribution of $80,000 and can be approved in as little as 1 month.
After obtaining a Vanuatu passport, holders can travel to 92 countries and regions around the world without a visa, and enjoy multiple tax incentives such as no personal income tax, corporate profits tax, VAT and inheritance tax in Vanuatu.
In addition, Vanuatu is one of the most developed financial centers in the South Pacific region with the most comprehensive financial system and offshore financial services.
02
First Half of 2024
Vanuatu Passport still in demand
The latest statistics show that in the first half of 2024, the Vanuatu Citizenship by Investment Program (VCIP) generated US$28 million in revenue for the country.
Based on current trends it is predicted that the full year revenue will reach approximately US$60 million.
This shows that the program is very popular with investors from around the world and applications continue to be high.
In addition, the program's contribution to the Vanuatu Government's coffers has been significant, averaging 18% in the first half of the year, with 14% in the first quarter and climbing to 22% in the second quarter.
03
Vanuatu Permanent Residency Program
The golden springboard to Hong Kong status
In addition to the popularity of the Vanuatu Citizenship by Investment Program, its Permanent Residency Program is also highly sought after.
According to the relevant regulations, applicants aged 18 or above, with no criminal record, and can provide proof of assets of at least HK$2 million under their name can apply for Vanuatu Permanent Residency status, and will be approved within 1 to 2 weeks.
At the same time, Vanuatu Permanent Residency status is also a golden springboard for obtaining Hong Kong status.
In March this year, Hong Kong re-launched the new Capital Investment Entrant Scheme (commonly known as “investment immigration”), eligible applicants only need to invest HK$30 million in Hong Kong in the permissible investment assets, you can apply for Hong Kong resident status.
It is worth noting that Mainland Chinese residents cannot directly apply for Hong Kong investment immigration, but need to obtain permanent residency or green card of other countries first, i.e. “third country status”.
Against this background, Vanuatu's permanent residency status has become an important springboard for many Mainland Chinese residents to apply for Hong Kong investment migrants. According to data released by the Hong Kong Immigration Department, as of the end of May, Invest Hong Kong has received 251 applications, of which 92 came from Vanuatu.
If you are interested in applying for a passport or permanent residence status in Vanuatu, or would like to know more details, welcome to contact Nebula Sea International, we will provide you with customized and exclusive programs.
Cyprus
Turkey
Saint Kitts and Nevis
Greece
