Vanuatu CBI Program Provides Indirect Pathway to Australian Permanent Residency
Vanuatu is a significant financial centre in the backyard or courtyard of Australia and New Zealand. The country is a popular tropical holiday location for foreigners. The nation, composed of 80 islands, is a paradise for ex-pats looking to upgrade their lifestyles.
Vanuatu also has introduced its Citizenship by Investment (CBI) programs. The Vanuatuan Citizenship by Investment (CBI) program provides investors with the potential to obtain full citizenship in the Fourth happiest country in the world within two to three months.
The Vanuatu Citizenship by Investment (CBI) is also a road to Australian permanent residency and citizenship. Indeed, you have read it right. By obtaining Vanuatu citizenship via investment, you can get an Australian Permanent Residence.
If you want to stay in Vanuatu with citizenship by investment or want an Australian Residency, you have visited the right place. You will get an in-depth guide about the Vanuatu CBI Program. In addition, we will disclose how you can obtain Australian Permanent residency with Vanuatu CBI.
Benefits of Vanuatu Citizenship by Investment
The Vanuatu Citizenship by Investment offers numerous advantages to its holders. The following is the list of the top benefits that you can enjoy by Vanuatu CBI:
- Vanuatu Citizenship and Passport will give visa-free access to 96 countries, including Singapore, the UK, Russia, and more.
- You can enjoy dual citizenship with Vanuatu citizenship by investment (CBI).
- The minimum investment option for this CBI is $130,000.
- Vanuatu is a low-tax jurisdiction that does not hold a personal income tax, inheritance tax, wealth tax, or more.
- There is no interview or residence required to obtain citizenship through this program.
Besides these benefits, you can obtain other benefits with Vanuatu Citizenship by Investment or CBI.
Requirement for Vanuatu CBI
Before applying for the Vanuatu CBI Program, you must fulfill a few requirements. Below is the list of requirements for obtaining Vanuatu Citizenship through CBI:
- You must provide all required documents in English.
- You should also provide a medical certificate verifying your good health.
- You must make a payment for a CIIP-approved project.
- Your minimum age should be more than 18 years old.
- You should have no criminal record.
- You should have a balance equivalent to or exceeding $250,000 in your bank account.
Investment options for Vanuatu citizenship by investment
Vanuatu offers numerous investment options for Vanuatu CBI. If you want to enroll in this program and obtain citizenship of this country through this program, you must invest in any of these investment options.
The following is the list of available investment options for Vanuatu citizenship by investment:
1. Real estate
The real estate investment option (REO) is the first investment option for Vanuatu Citizenship by Investment (CBI) program. An applicant for Vanuatu Citizenship through REO must buy a property in a Vanuatu Government Approved Project (VGA Projects) and pay the relevant prescribed fees.
The investor must invest a minimum of $200,000 in any Vanuatu government-approved projects. Below is the list of VGA projects in which you should invest for Vanuatu Citizenship:
- “FPF Rainbow City Project” is located at the Narpow Point on the island of Efate.
- “Milai” is located on the island of Espiritu Santo.
- “Pacific Springs” which is situated at Rentabao on the Efate’s island
- “Narpow Point Coral Bay” located at Narpow Point on the island of Efate
2. Donation (DSP Program)
Donation is the most common and preferred type of investment for Vanuatu citizenship. However, the amount of investment depends on the number of applicants. Below is the detail about investment for Vanuatu citizenship through donation:
- Single Applicant - $130,000
- Married Couple - $150,000
- Married Couple + 1 Child under 18 - $165,000
- Married Couple + 2 Children under 18 - $180,000
Apart from paying these fees, you might also want to submit additional fees based on numerous factors.
3. Government bond
A government bond is the third investment option for the Vanuatu CBI Program. The country launched its third investment option named (IGBO) issuing government bonds on 27 March 2023. The Reserve Bank of Vanuatu issues 500 units of Government bonds at zero interest rates. The following is the detail about investment in government bonds for this program:
- Maturing in 36 months- AUD I50,000
- Maturing in 30 months- AUD 170,000
- Maturing in 24 months - AUD 180,000
The process to apply for the Vanuatu CBI Program
There are a few steps that you must follow to get Vanuatu Citizenship through investment. The following is the list of steps to apply for and obtain Vanuatu Citizenship by investing:
- Initially, you should fill out the application and submit it with the relevant documents.
- You must pay the Due diligence fee to allow the Vanuatu Government to conduct background checks and due diligence.
- After these checks, the government will pre-approve your application to allow you to meet the investment requirement.
- After the approval, you must invest and give the proof to the relevant authority. The step will let you take the citizenship certificate.
- Once getting the certificate, you must take the oath. You can arrange the oath-taking ceremony for an extra charge. After taking the oath, you will get a Vanuatu passport.
Australia Permanent Residence
As mentioned above, you can obtain Australian permanent residency and citizenship with citizenship through Vanuatu CBI. You can obtain the Australian PR through the Pacific engagement visa scheme. The PR can convert into citizenship after five years. Every year almost 3000 visas are available for Vanuatu drawn by the lottery every month. The following are the eligibility to get Australia PR:
- secure a formal ongoing job offer letter in Australia (or their partner or spouse must have a job offer)
- Meet English language eligibility, character, and health checks
- be aged between 18 and 45 to enter the ballot
- be chosen through the ballot process
- hold a valid passport for a participating nation
- have been born in or have a parent who was born in an eligible nation.
The applicant for the Australia PR can also include their family members, including dependant children or spouses, in the application for this PR through Vanuatu citizenship.
How can Flyingcolour Relocation Services help you?
Indeed, you can obtain Vanuatu Citizenship by investing in any relevant option in the CBI program. The citizenship will also help you to obtain Australian permanent residency and citizenship. However, obtaining Vanuatu citizenship through investment is a little difficult. Flyingcolour Relocation Services can help you obtain this citizenship efficiently.
In addition, we will also guide you to apply for Australian PR and citizenship through this citizenship.
To learn more about the guide to Vanuatu citizenship by investment, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
This article was published on 14-03-2024. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.