Important Facts And Benefits Of A Vanuatu Second Passport
Our team can help you with your Vanuatu Second Passport. Contact us and we will help you with the process.
The world is an unpredictable place. Knowing the fate of your life, family, business or assets is not easy. For this reason, especially if you are a businessperson, investor, an entrepreneur or travel enthusiast, it would be prudent to acquire a second passport.
This way, you will obtain the benefits of having dual citizenship, which gives you more freedom to travel and seamlessly grow your business or career. There are many countries that are ideal for acquiring a second passport. The Republic of Vanuatu is one of them. Other options include Panama's Residency Citizenship program and the Caribbean's Citizenship By Investment programs.
Vanuatu, also formally known as the Republic of Vanuatu, is a beautiful Pacific Island nation strategically placed in the South Pacific Ocean. The name Vanuatu was inspired by two ancient words; vanua and tu. Vanua roughly translates to "land" or "home" while tu simply means "stand." It is believed that the two words are used together to symbolize the independence of this nation.
Vanuatu is known and loved for its breathtaking chain of islands, known as the archipelago, which stretches 1,750 km east of Northern Australia and 540 km Northeast of New Caledonia. The islands also stretch as far as east of New Guinea, west of Fiji and southeast of the Solomon Islands. The country is also known for its magnificent coral reefs and canyons. All this beauty attracts a wide variety of foreigners ranging from investors, tourists, retirees and explorers.
If you are an investor or a serious businessman who wishes to diversify their stream of income, getting a Vanuatu second passport might be just what you need. Vanuatu has investment-friendly tax policies that provide a highly conducive environment for flourishing businesses.
If you would like to frequently travel to Vanuatu. Perhaps to explore its natural beauty, for investment or business functions or to reside there, you need to apply for their second citizenship or residency programs. To achieve this, you will need a Vanuatu second passport.
What is a Vanuatu Second Passport?
A second passport is usually valid for four to five years and is issued to people who for some reason, need two visas. A second passport will grant you second citizenship and residency in Vanuatu. This means that you become both a citizen of your home country and Vanuatu.
A second passport comes in handy when you are looking to travel, live, bank, operate businesses or invest in Vanuatu without restrictions from your primary government.
Reasons why you might want a second passport:
Benefits of Vanuatu Second Passport
Having a Vanuatu second passport brings with it a myriad of benefits.
Freedom of movement
A Vanuatu second passport will allow you entry to more than 120 countries. You will rarely be questioned or delayed at airports because of issues with your travel documents. Having this passport also means that you can enjoy staying in any Schengen country for up to 90 days or 6 months every year in the United Kingdom even without a visa.
Alluring tax policies
Vanuatu has some of the most favorable tax laws in the world. This makes it a perfect destination for investors and business people seeking to enjoy tax-free businesses. For example, your capital gains, global income, and inheritance will not be taxed at all. The World Bank rates Vanuatu among the top 100 countries that provide the most favorable environments for business operations.
Your second passport is kept private
If you apply for a second Vanuatu passport, your home country will not be informed of the application. This means that you can have dual citizenship without the knowledge of the nation of first citizenship.
Seamless application procedure
The process of acquiring a Vanuatu second passport is quite painless and transparent. For instance, you will be required to pay only 25% of the total application fees before submitting your documents. You pay the remaining percentage after your application has been approved.
You get lifetime citizenship
After your application has been approved and you get the passport, you and your dependents will be granted lifetime citizenship in Vanuatu. The passport will, however, be valid for five years, after which you might apply for another five-year extension.
You don’t have to be physically present to apply for the passport
The application process does not necessitate that you be personally present. The process is entirely handled by a licensed agent who must also be approved by the government.
Vanuatu is a low profile country which is ideal for providing the much-needed privacy. If you are a public figure and would like to evade public attention for some time, Vanuatu is the perfect place.
What is required to get a Vanuatu Second Passport?
The following documents are required when applying for a Vanuatu second passport:
You can also become a Vanuatu resident by:
How to obtain Vanuatu Residency by Investment
Although residency by investment policies in Vanuatu have become more rigorous, it is still possible. In the past, you could invest as low as five million vatu (around $50,000) and enjoy residency for a year, with an optional renewal.
However, nowadays you will be required to invest at least $130,000 in obtaining residency and citizenship. As an investor, you are also allowed to list dependents such as your wife and children when applying. One enviable thing about this program is the fast response you get. Typically, you will receive a response to your application within a month.
The first citizenship by investment program dubbed the Vanuatu Economic Rehabilitation program has since been replaced by a more lenient one called the Development Support Program. When you become a citizen by investment, you will still enjoy all the benefits regular citizens enjoy.
How to become a Vanuatu resident by banking
You can also become a Vanuatu resident by simply proving that you have a steady stream of income, even if you are not an investor. In this case, you will be required to apply for citizenship as a "self-funded resident." To be eligible for this option, a bank in Vanuatu will first have to verify that you are in a position to deposit 250, 000 vatu or an equivalent of about US$2,250 each month.
However, if you have a spouse or reside with a partner, the amount will double. This is the perfect alternative for people looking for a post-retirement destination to enjoy their pension or business people who prefer not to enroll in the citizenship by investment program.
Which countries can you travel to with a Vanuatu Second Passport?
The Henley Passport Index ranks Vanuatu as the 37th country that offers admirable travel freedom. This is due to the fact that Vanuatuan citizens, including those with a second passport, have unrestricted access to more than 120 nations and territories.
This freedom of movement was born after Vanuatu entered into a visa waiver agreement with Schengen Area nations and Russia on the 28th of May 2015 and 20th of September 2016 respectively.
Visa Free/Visa on arrival Countries:
Anguilla, Antigua & Barbuda, Bahamas, Barbados, Belize, Bermuda, Bolivia*, British Virgin Islands, Cayman Islands, Costa Rica, Dominican Republic*, Ecuador, El Salvador*, Grenada, Guatemala, Guyana*, Haiti, Honduras, Jamaica, Montserrat, Nicaragua*, Panama, Peru, Saint Kitts and Nevis, Saint Lucia, St Vincent and the Grenadines, Trinidad and Tobago and Turks and Caicos Islands.
Botswana, Burundi*, Cape Verde*, Comoros*, Djibouti*, Egypt*, Gambia*, Guinea – Bissau*, Kenya, Lesotho, Madagascar*, Malawi*, Mali*, Mauritania*, Mauritius*, Mozambique*, St. Helena, Seychelles*, Somalia*, Swaziland, Tanzania*, Togo*, Uganda*, Zambia and Zimbabwe.
Albania, Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Kosovo, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithiuania, Luxembourg, Macedonia, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, South Ossetia, Spain, Sweden, Switzerland and United Kingdom.
Armenia*, Bangladesh*, Cambodia*, Dubai, Hong Kong SAR, Iran*, Israel, Jordan*, Laos*, Lebanon*, Macao SAR*, Malaysia, Maldives, Nepal*, Philippines, Singapore, South Korea (Jeju Island only), Timor-Leste* and Thailand.
Cook Islands, Fiji, Kiribati, Marshall Islands*, Federated States of Micronesia, Nauru*, Niue, Palau*, Papua New Guinea*, Samoa*, Solomon Islands*, Tuvalu* and Tonga*.
Vanuatu Information Centres (VIC) advises:
*Since the visa requirements of each country are subject to change from time to time, tourists holding Vanuatu passports are required to check the visa requirements of the respective countries prior to departure. Tourists are also required to understand and observe the regulations and restrictions for entering and staying in the respective countries.
Our team can help you with your Vanuatu Visa requirements. Contact us and we will help you with the process.
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