The CIIP (Capital Investment Immigration Plan) is a new breeze to Vanuatu Citizenship by Investment program. This is a new addition to the existing DSP option to cater to a wide array of investors and to diversify the investment in the country. The announcement focuses on supporting the Vanuatu cocoa industry, so the program is also known as CIIP – Cocoa. With this announcement, the coca sector will be transformed using foreign direct investment, while investors will get second citizenship by investment option.
Vanuatu – An Overview
Vanuatu is a South Pacific country and is 1750 km east of the north side of Australia. The country gained independence from the United Kingdom on 30th July 1980 and has a population of over three hundred thousand people. The country has warm to hot rainy weather with 9 months around a year with three cooler and drier months. The three main pillars of the economy include tourism, agriculture, and offshore financial services. Vanuatu is a tax haven and attracts investors due to no income tax, tax on capital gains, no withholding tax, and no tax on inheritance. Apart from Bislama, English and French are also official languages of Vanuatu.
Vanuatu Capital Investment Immigration Plan
The Vanuatu Capital Investment Immigration Plan is one of the cheapest citizenship programs for individuals and families. The Vanuatu CIIP requires $150,000 for a family of 4 persons. The good thing is that the program fee is covered in this price tag for a Vanuatu passport. The Vanuatu DSP (Development Support Program) Citizenship route requires $180,000 for a family of four which is $30,000 more costly. However the Vanuatu DSP program for individual costs only $130,000.
Vanuatu Citizenship Cost Comparison
Benefits of Vanuatu Citizenship by Investment Programs
The Vanuatu citizenship by investment program rewards not only financial incentives but also improves global mobility with visa-free, visa-on-arrival and eTAs 96+ countries. The changing trend of immigration world like the recent news of Spain Golden Visa ending soon is creating chaos as people look for more options to migrate. The list of visa-free or visa-on-arrival countries includes travel destinations for business executives and leisure travelers.
Why Vanuatu is Attractive for Second Passport
Despite being delisted for visa-free travel by Schengen states, Vanuatu is still in demand among people seeking a second passport. The key attractions for Vanuatu second passport include easy process, quick processing time and cheap second citizenship. As the 4 Caribbean countries signed MoU for price hike from 30th June 2024, Vanuatu along with St. Lucia will become the cheapest citizenship route leading to a second passport.
0 Comments