COST FOR VANUATU CITIZENSHIP
Cost of Vanuatu Citizenship
Thinking of having a dual citizenship, but have nothing on your mind regarding the country of your second citizenship? Look no further than Vanuatu. with around 80 or so islands just east of Australia, the Republic of Vanuatu is a tropical paradise that lures tourists, investors, and other professionals from all over the world to relax and spend some time on its sandy beaches.
Of its 80 or so islands, only about 65 are inhabited, meaning that a big part of Vanuatu hasn’t been yet touched by the modern world. Additionally, the country’s population barely exceeds 200,000 residents, so there is plenty of space in the country to spread out and take pleasure in the breathtaking views without the hustle and bustle of modern distractions getting in the way.
In addition, the country boasts a great telecommunication infrastructure and its financial system is stable.
Investors and other business professionals are also often attracted to the island chain largely due to its lax tax laws, or lack thereof.
Without annoying capital gains, withholding, income, or inheritance taxes, Vanuatu is an ideal place for investors and businesspeople to set up shop. They can make money from one of the country’s many investment opportunities in real estate, sustainable energy, or tourist markets, to name a few.
In fact, ever since 1971, Vanuatu has been a booming financial mecca offering many offshore services to people and businesses all over the world. As if that’s not enough, Vanuatu also has banking secrecy laws on the books to provide confidentiality and privacy to the investors and other clients the country does business with.
Then there’s the community aspect of Vanuatu playing a big part in luring potential citizens to the islands. If you dream to live in a place that offers a closely connected community vibe that will allow you to find out more about traditions and culture as well as actively participate in them, Vanuatu is definitely the country to get a second citizenship to Vanuatu from. With it, you and the members of your family will be able to feel as if you are at home. In Vanuatu, everyone looks after each other.
This sense of community, investment opportunities, and easy island living are why Vanuatu has been rated one of the most suitable and comfortable places to live across the whole globe. Those who reside in the country and interact with Vanuatu society often report more optimistic attitude in life. In addition, they are usually more content and satisfied with their lives than people from other places. With so much happiness, how can you ignore the desire to apply for dual citizenship and move there?
Fortunately, the Republic of Vanuatu recently simplified the process for other countries’ residents to get their dual citizenship. What’s the cost for Vanuatu citizenship, though? What does the process involve? Does Vanuatu citizenship offer other benefits? Let’s find out.
Vanuatu Citizenship Cost
What does Vanuatu citizenship cost? Well, it really depends on a few factors. Will you be applying via the country’s citizenship by investment program, or will you wait to become a naturalized citizen? If you choose the citizenship by investment program, will it just be you applying for citizenship, or will your spouse and/or children be applying, as well?
If you opt to go the citizenship by investment program route and you’re the only one applying for a dual citizenship, your application cost will be $150,000. Meanwhile, a family of up to four individuals can apply for $200,000.
However, these numbers don’t include a $15,000 fee administrative fee and some other fees that will have to be paid over the course of the application process. They cover costs for running background checks, creating passports, and more.
The cost for Vanuatu citizenship is more affordable if you go the naturalization route, but the waiting period is lengthy. If you’re a patient person and don’t mind waiting, though, naturalization is a terrific way to get your dual citizenship because you’ll have an opportunity to enjoy the culture and every benefit the country has to offer while living in it.
You’ll be able to immerse yourself in the community, and after 10 years, you will be able to apply for your second citizenship without any hassles. As an added benefit, you don’t even have to be a full-time resident of Vanuatu for the 10-year waiting period to become naturalized.
The naturalization process is fairly straightforward and simple. It typically starts with being preapproved with a background check. From there, VRP-MENA will submit your application for dual citizenship and any supporting documentation, along with payments for any fees that may be required to the Vanuatu government.
As soon as the Vanuatu Citizenship Commission receives the payments you have made and the papers you’ve submitted, it will start reviewing your application to approve or deny it. If you get approved, you will need to make a visit to a Vanuatu government official to recite the Oath of Allegiance. Alternatively, VRP-MENA can arrange for a commissioner for Oath and a passport officer to travel to your country to deliver the citizenship certificate and passport. Once that step is completed, you will become a holder of Vanuatu passport and get official citizenship.
Is Vanuatu Citizenship in Your Future?
If you’re an investor looking for lax tax laws and an abundance of investment opportunities, or if you simply want a more relaxing, slower-paced life, then Vanuatu citizenship could be for you. If nothing else, living in Vanuatu will give you more privacy than other parts of the world, so you can enjoy all the natural beauty the country has to offer.
Maybe you just want a vacation home or enjoy traveling around the world. With a Vanuatu passport, you will be able to travel to over 115 different countries. So, what are you waiting for? Apply for dual citizenship with VRP-MENA today.