Vanuatu is a Pacific island country, located in the South Pacific Ocean. Spread across 12, 189 sq. Kms, Vanuatu has a total population of 270,402 as on December 2016. The official currency of Vanuatu is Vanuatu vatu (VUV) with a GDP of 723 million USD. The exchange value of 1 USD is 108 Vanuatu vatu.
The four mainstays of the economy in this Island are agriculture, offshore financial services, tourism and raising cattle. There is also substantial fishing activity, which does not bring in much foreign exchange. The exports include beef, kava, cocoa, copra and timber, and imports include foodstuffs and fuel, machinery and equipment.
Key Beneﬁts of Vanuatu Citizenship
Visa-free travel to 125 countries– UK & whole of Europe, Russia, Hong Kong, Singapore
British Commonwealth Territory
The only Citizenship by Investment (CBI) program of its kind in the Asia Paciﬁc Hemisphere
Tax-free country (other than the indirect taxes of VAT and Customs)
International oﬀ-shore ﬁnance center since 1972.
International Banks present – such as ANZ Bank, Bred Bank, BSP (Bank of South Paciﬁc)
Simple company and bank account formation procedures
Single Applicant US$ 160,000
Main Applicant + Spouse US$ 185,000
Main Applicant + Spouse + 1 Child US$ 200,000
Main Applicant + Spouse + 2 Children US$ 220,000
Additional Dependent US$ 25,000
Government Approved Lawyer’s Fee US$ 10,000
(*Note: Family members mean spouse, children below age18, dependent children to age25, and dependent parents).
*Additional Government, Facilitation, Consultation Fee is applicable, Please Contact us for details
Development Support Program (DSP)
- The Development Support Program (DSP) of Vanuatu was initially proposed in early 2016 and fully adopted by the Government of Vanuatu in April 2017. The objective of the Plan is to create local jobs, stimulate the economy, and keep the national budget balanced.
- The Vanuatu Development Support Program (DSP) is a new citizenship scheme, launched in 2017 to replace all previous Citizenship Programs previously run by the Vanuatu Government, such as the Vanuatu Economic Rehabilitation Program (VERP), or Capital Investment Immigration Plan (CIIP).The primary diﬀerence between the DSP and previous Programs is the favourable cost structure, with a ‘ﬂat-fee’ cost of full Honorary Citizenship being US$280K for up to four family members. Fees for DPS are paid direct to the Vanuatu Government via the Government appointed Legal Counsel, and not to any intermediary or agent. This mechanism is to provide applicants with full conﬁdence in the probity and integrity of the Program.