Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometers. The islands offer scuba diving at coral reefs, underwater caverns and wrecks such as the WWII-era troopship SS President Coolidge. Harborside Port Vila, the nation’s capital and economic center, is on the island of Efate. The city is home to the Vanuatu National Museum, which explores the nation’s Melanesian culture.
CITIZENSHIP BY INVESTMENT
Pacific Islands nation Vanuatu has become a favorable destination for high-net individuals and citizenship-by-investment (CBI) industry in 2010s, after The Citizenship Act [Cap 112] of Vanuatu was amended several times, giving birth to two CBI schemes: 1. The Vanuatu Contribution Program (VCP), and 2. The Development Support Program (DSP). Since 2019, both programs are harmonized in terms of application process, pricing and citizenship features.
A main applicant for Vanuatu’s CBI programs should have clean criminal record, be between age of 18 and 65, in a good health and preferably have at least US $500,000 of net personal assets, including half of that amount in banking assets. After the straightforward, quick and flexible processing, which lasts around two months, successful applicants and their family members are granted Vanuatu’s citizenship and passports. Spouse, children under the age of 26 and parents above the age of 50 can be included in the application as dependents. There is no limit on the number of dependents, though siblings and “in-laws” are not eligible.
Bayat legal Services’ compliance team will conduct an internal due diligence.
Qualification assessment, KYC and background security check.
Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation.
Submission, file review, due diligence process.
Final decision, Comfort letter issuance and contribution payment.
Naturalization certificates and passports issuance.