The Pacific nation of Vanuatu has launched the real estate option for its citizenship by investment program. The new option offers high-net-worth individuals (HNWIs) the chance to obtain robust second citizenship by investing in the country's real estate sector with no prior residence required.
The Pacific nation of Vanuatu has one of the world's most popular citizenship by investment programs. Demand for the program skyrocketed during the pandemic and is continuing to grow.
Historically, the Vanuatuan program only had one option. Applicants from all around the globe could choose from donating a sum of 130,000 USD for a single applicant, or 180,000 USD for a family of four, to the Vanuatu Government.
Recently, however, the Vanuatu Citizenship by Investment Commission announced that it would start accepting investments in approved real estate projects as a pathway to citizenship.
The minimum real estate investment threshold that applicants must meet to qualify for citizenship is 200,000 USD for a complete unit or 100,000 USD for half ownership. The property can be resold after a seven-year holding period.
However, unlike many options in Vanuatu's citizenship by investment counterparts in the Caribbean, Vanuatu's real estate option offers investors a full title instead of just a timeshare.
The real estate option in Vanuatu is officially the most affordable one of its kind throughout all citizenship by investment programs worldwide. This cost-effectiveness, combined with the quick processing time of two months, makes the Vanuatu citizenship by investment program the most economical, fastest, and most straightforward program of this nature.
Investors can now obtain property, second citizenship, and endless benefits for themselves and their families within the range of 100,000 USD. A Vanuatu passport costs about as much as a luxury car to put that in perspective.
The Vanuatuan passport itself comes with a wide array of advantages, such as: Enhanced global mobility- holders of a Vanuatu passport can travel visa-free to 135 destinations worldwide, including highly desirable tourist hotspots such as the entirety of the EU, the UK, Singapore, Hong Kong, and many others.
Tax benefits - Vanuatu is one of the most tax-friendly nations globally. Considered by many as one of the world's most sought-out tax havens, Vanuatu does not impose taxes on personal or corporate income. Furthermore, the Pacific nation does not set capital gains, withholding, wealth, or inheritance tax, making it one of the best places for HNWIs globally in tax burden alleviation.
A persistent "Plan B" - There is no better way to combat the dire effects of political and economic instability in one's home country than by having a second citizenship. The Vanuatuan passport offers its holders a backup plan if something goes wrong in their home country. The recent turbulence in Afghanistan and the Vanuatuan Government's rapid movement to evacuate an Afghani family holding Vanuatuan citizenship were prime examples of this benefit.
Adding the real estate option to the Vanuatuan citizenship by investment program only adds to those benefits, as investors can now profit from their investment and get their initial investment (plus appreciation) back after a seven-year holding period. The real estate option has suddenly made Vanuatu's program every savvy investor's dream.
Vanuatu's natural scenery offers a serene and stunning backdrop for high-end properties that perfectly harmonize with the surrounding silky beaches and lush forestry.
Vanuatu's program was top-rated before the real estate option and is now set to garner even more demand.
The minimum threshold for investing in real estate ensures that it is the lowest of its kind throughout all citizenship by investment programs worldwide. At the same time, the two-month processing time remains the fastest worldwide.
More Great Dubai Route Stories
DAFZA Signs MoU With Torino Chamber of Commerce to Attract Direct Foreign Investments in Dubai
Ford Conducts Autonomous Vehicle Research with DP World
AD Ports Group’s Mugharraq Port Recognised as an International Port Facility
Students and Faculty From Master of Urban Planning Program at AUS Visit Sharjah Sustainable City
Dominica Signs Historic Visa Waiver Agreement with China
Prime Minister Harris Connects With Dubai Business Community
Stay Ahead of the Curve
Unlock the GCC's Leading Source of Business and Analysis
Dubairoute.com provides innovative marketing and advertising solutions to support an advertiser's specific campaign objectives. Customised programs leverage the best of Dubairoute.com. Contact our sales team today and see what our team can do for your custom advertising solutions. Please include a contact number if you are willing to speak to our sales team. You can also get in touch in the following ways:
Disclaimer
Global Business, Financial News, Market Data, and Analysis published here are delayed 24 hours. All the published information, analyses, and conclusions are based (unless sourced otherwise) on external information and Dubai Route Group's experts' judgment. They are intended as guides only and should not be construed as definitive forecasts or guarantees of future performance or results. No responsibility or liability is accepted by any person, including Dubai Route Group or its affiliates and their respective officers, employees, or agents, for any errors or omissions.
For all the latest lifestyle news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and follow us on Instagram, which is updated daily.