According to a report from the Ministry of Finance of Vanuatu, as of April 2019, the revenue from the Vanuatu Citizenship by Investment Program has reached 3.4 billion Vatu (approximately 29 million USD), achieving 75% of the 2019 budget target of 4.5 billion Vatu, continuing the popularity of the Vanuatu Citizenship by Investment Program!
It is noteworthy that previously, it was reported that in 2017 and 2016, the government revenue from the Citizenship by Investment Program was 3.5 billion Vatu (31.6 million USD) and 2.7 billion Vatu (24.4 million USD), respectively. This means that in the first four months of 2019, the revenue from the Vanuatu Citizenship by Investment Program was almost at the level of the entire year of 2017, and 19% higher than the entire year of 2016! Meanwhile, according to the monthly report from the Vanuatu government, this figure is also 4.8% higher than the same period in 2018!
The Vanuatu government has publicly stated that the passport program is crucial in helping the Vanuatu government reduce its debt burden! "Since the launch of the Vanuatu passport program, Vanuatu's annual non-tax revenue (almost entirely from the Citizenship by Investment Program) has exceeded expectations. The Vanuatu government has raised its expectations almost every year."
In 2016, Vanuatu's legislation passed the Citizenship by Investment Program - the donation program, allowing foreign nationals to quickly obtain Vanuatu passports and become Vanuatu citizens by donating to the Vanuatu government, enjoying all the rights of Vanuatu citizens. In April 2018, the Vanuatu government amended the law, significantly lowering the investment threshold for citizenship by investment, reducing the investment amount for individual applicants from the original 130,000 USD to the current 80,000 USD. This program has thus become one of the more popular citizenship by investment programs on the market. The Vanuatu passport is highly sought after by high-net-worth individuals due to its low investment amount, fast approval, simple documentation, direct citizenship, tax benefits, and visa-free access to numerous countries and regions!
Advantages of the Vanuatu Passport Program
1. Investment starting from 80,000 USD allows a family of three generations to apply for a Commonwealth passport quickly;
2. Full support from the Vanuatu government, easy background checks, ultra-fast approval, generally only takes 6-8 weeks;
3. No immigration monitoring, no need to land, simple passport renewal;
4. Visa-free, visa-on-arrival, and e-visa access to over 140 countries and regions, including the United Kingdom, France, Germany, Italy, and other EU countries, as well as Hong Kong, Singapore, Malaysia, and other Asian countries and regions, making travel convenient;
5. Eligible children can enjoy free authentic British education in Vanuatu, and if they return to China as international students for further studies, those who meet the criteria can also easily enroll in domestic prestigious schools without taking written exams. Commonwealth countries generally recognize each other's academic credits, allowing transfers to other Commonwealth countries for study;
6. No foreign exchange controls, tax benefits, no personal income tax, corporate tax, capital gains tax, or inheritance tax, and no global taxation;
7. Beautiful environment, a paradise for vacations.
As a pioneer of Commonwealth passport programs, the WorldWay Immigration Group has always maintained a good relationship of trust, interaction, and cooperation with the Vanuatu government!
Asset allocation, identity first! 2019 is the year of identity planning, choose WorldWay for the Vanuatu Commonwealth passport program!For more details, please consult: 400-138-2929
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