In times of economic and political instability, it is wise to have a ‘Plan B’ in life. What better solution than relocating to Vanuatu and owning a second passport to maintain your ability to travel, invest and even live in a second country? The Vanuatu Citizenship by Investment Program offers investors and their families the unique opportunity to get Vanuatu citizenship in exchange for a government donation. It has never been easier to relocate and own a second home with great tax benefits and visa-free access to 49 countries.
About Relocating to Vanuatu
If you haven’t heard about Vanuatu’s picture-perfect turquoise blue waters, white-sand beaches, swaying palm trees, and sunny weather all year long, don’t waste another moment. This Oceania nation is a true paradise. Composed of 80 islands, Vanuatu is famous for its beauty, tropical lifestyle, several underwater volcanoes, and welcoming population. Because of its idyllic setting, the country has continuously attracted many tourists to its shores, which subsequently has boosted its economy, infrastructure, and real estate market.
Vanuatu’s population is about 300.019, and its economy is based on small-scale agriculture, fishing, offshore financial services, and tourism. Agriculture, however, provides a living for about two-thirds of the population. Banks in Vanuatu provide services to both locals and foreigners, ensuring your financial needs will be taken care of.
Only a short flight away from Melbourne and Sydney in Australia and Auckland in New Zealand, Vanuatu is ideally located in the South Pacific region. In the last years, and thanks to the introduction of the Vanuatu Citizenship by Investment Program, the country has become a hotspot for retirees and international families seeking to broaden their worldwide opportunities.
Benefits of Relocating to Vanuatu
Costs of Living in Vanuatu as an Expat
It is important to note that the cost of living in Vanuatu is not cheap. This is partly due to the small size of Vanuatu, which means that it has to import many products. Local fruits such as bananas, apples, and oranges are relatively cheap, while imported products such as milk, cheese, and chicken are more expensive than average.
In terms of renting, you can get a one-bedroom apartment in the city center for $1,500 per month, or $900 if located outside the city center. A three-bedroom apartment will cost around $2,600 in the city center and $2,500 outside the city.
A very attractive aspect of Vanuatu is the affordability of the price per square meter in the real estate market. If you’d like to buy an apartment, Vanuatu is the place to go to. In the city center, you can purchase an apartment for $1,500 per square meter; while outside the city center you’d pay around $750 per square meter.
Relocating to Vanuatu as a Retiree
Vanuatu is gradually becoming a top destination for retirees. Blessed with an incredible biodiversity and pleasant tropical climate, retiring in Vanuatu is the source of great entertainment and a peaceful lifestyle under the sun.
In addition, the low property purchase prices make it a great place to retire to. If you’ve always wished to purchase your very own beachfront villa for an affordable price, then Vanuatu is your place.
Relocating and retiring to Vanuatu is also a great ‘Plan B’ for expats seeking to enjoy few taxes. Indeed, Vanuatu offers a favorable tax regime — there are no personal taxation, wealth taxes, inheritance, gift, or income taxes.
Vanuatu Real Estate
Buying Vanuatu real estate is a fantastic option for expats seeking to own a second home or generate extra revenue. With a very attractive and diverse real estate market, investing in Vanuatu property will guarantee high returns on investment. The cherry on top? There is no property tax in Vanuatu.
Whether you’re interested in a brand new condo, waterfront land, or family villas you’ll find plenty of property options at various costs in Vanuatu.
How to Get Citizenship in Vanuatu
One of the fastest and easiest ways to get citizenship in Vanuatu is to apply to the Vanuatu Citizenship by Investment Program. In exchange for an economic investment, obtain a Vanuatu passport in just a month. Fast, efficient, and affordable, the program is a great option for individuals seeking privacy and freedom.
In order to qualify for the scheme, you need to make a donation of $130,000 to the Vanuatu local development fund and show that you have at least $250,000 in your bank account. Your entire family is also eligible for the program, for additional fees.
Note that Vanuatu has recently announced the acceptance of cryptocurrency as a means of payment for its citizenship by investment program. It is the first country to do so, paving the way for others to adopt crypto payments for citizenship.
The Vanuatu Passport
The Vanuatu passport is an incredible asset to have for those seeking global freedom. The passport allows visa-free access to 96 countries such as the UK, Singapore, Hong Kong and Russia. In addition, Vanuatuans are allowed to stay without a visa for up to six months per year in the UK.
FAQs:
Can I relocate to Vanuatu?
You can definitely relocate to Vanuatu as a foreigner. Thanks to the Vanuatu Citizenship by Investment Program you can become a Vanuatu citizen in exchange for an economic investment.
How to get citizenship in Vanuatu?
In order to get citizenship in Vanuatu, you will need to make a donation of at least $130,000 to the Vanuatu local development fund and show that you have a minimum of $250,000 in your bank account.
Can my family relocate to Vanuatu?
Your family can also relocate to Vanuatu. If you apply to the Vanuatu Citizenship by Investment Program, your family can also obtain Vanuatu citizenship, provided additional fees are covered. As an example, you will need to pay an additional $35,000 in order for your spouse and two children to receive a Vanuatu passport.
Can I purchase property in Vanuatu as a foreigner?
Absolutely! You can purchase property in Vanuatu as a foreigner and there are many fantastic real estate opportunities in Vanuatu.
