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AUD-Denominated Vanuatu Bond Investment Options

July 17, 2023

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Vanuatu, a country with a population of just over 300,000, is trying to improve its economy and has been actively seeking foreign investment opportunities. Its citizenship by investment program has been an integral part of this strategy. The program allows investors to gain citizenship of a country with a stable political environment and a robust economy. This program has attracted the attention of high-net-worth individuals searching for a secure location to maintain their assets.

The small island nation of Vanuatu in the South Pacific has made substantial investments in its citizenship by investment program. The program grants citizenship to foreign investors by requiring them to invest a minimum amount into the country’s economy. The benefits of obtaining a Vanuatu passport include visa-free travel to more than 130 countries, tax-free status, and access to some of the world’s leading investment opportunities.

Recently, the Vanuatu government gazette published reports stating that investors now have the option to obtain citizenship through a bond investment opportunity within the existing Vanuatu citizenship by investment program.

Requirements

To invest in the Australian dollar-denominated bonds, investors need to make a minimum investment of AUD 150,000 to AUD 180,000, depending on the maturity period, which ranges from 2 to 3 years.

  • AUD 150,000 for bonds maturing in 3 years
  • AUD 170,000 for bonds maturing in 2.5 years
  • AUD 180,000 for bonds maturing in 2 years

How to acquire the bonds

The Reserve Bank of Vanuatu will issue the bond units, which do not earn any interest. To apply for them, applicants must pay an application fee of VT 5,000 (USD 42), a certificate fee of VT 10,000 (USD 84), and a global marketing fee of approximately USD 5,000 in AUD to the designated master agent for the Investment Government Bond Option (IGBO).

Vanuatu now offers the only CBI option globally that costs less than $100,000 and is one of the few programs that accept currencies other than USD. This option is a much better investment than the existing donation route, which does not offer any possibility of a return on investment.

In summary, the Vanuatu citizenship by investment program offers significant financial benefits to investors. By paying the bond fee and obtaining citizenship, investors can eventually receive their investment back once the bond matures. This strategy allows the government to enhance the program’s attractiveness without reducing the required investment amount.

Benefits of acquiring Vanuatu citizenship by investment

Investors who participate in the Vanuatu citizenship by investment program can enjoy various benefits. These benefits include:

  • By obtaining a Vanuatu passport, investors can travel to more than 130 countries without needing a visa or with the option to obtain a visa upon arrival. This makes it an excellent choice for individuals who travel frequently for either business or leisure purposes.
  • Vanuatu is a tax-free country which means it does not impose a personal income tax, inheritance tax, or capital gains tax. This makes it a desirable place for investors who want to reduce their tax obligations.
  • Thanks to its stable political system and growing economy, investors can find a safe and secure environment in Vanuatu.
  • Vanuatu citizens can invest in global opportunities that may not be available in their own country.

About Passport Legacy

At Passport Legacy, we hold the expertise required to help you secure your citizenship through the Vanuatu citizenship by investment program. We are an experienced firm and have successfully handled many applications for investors from all over the world. Contact us today to find out more about how you can become a citizen of Vanuatu.

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Other Programs We Offer

Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.

Frequently Asked Questions (FAQ’s)

What is the difference between citizenship and residency by investment programmes?

Citizenship by investment programmes may not require physical residency and can grant citizenship within 2 to 6 months. Residency by investment programmes grant residency within 3 months but not citizenship. To obtain citizenship through residency programmes, applicants must comply with legal requirements, such as residing in the country for a certain time and paying taxes. However, not all residency programmes lead to citizenship, as it's at the discretion of the government.

How much does it cost to apply for a second passport?

The minimum investment for a second citizenship by a single applicant is USD 100,000 which is the cost associated for for St. Lucia and the Commonwealth of Dominica's CBI programmes. Please contact us for an exact price breakdown.

Do we need to pay the full amount upfront?

Passport Legacy's CBI programmes require payment in three installments. The first payment is 5%, the second payment is 25%, and the final payment, which amounts to 70% of the total cost, is due after receiving Approval in Principle.

What documents are required?

To start the process, applicants need to provide us with KYC (know your customer) documents such as a passport copy, birth and marriage certificates, police certificates, bank reference, and health clearance. Some documents may require translation or legalisation, but our client advisors will guide you through the process.

Do I need to renounce my original passport?

Acquiring a second citizenship by investment in any country does not usually require renouncing one's original nationality under the citizenship law of the country where citizenship was obtained through investment.

How do I book an appointment for a consultation?

You can reach us by phone or email anytime. We currently have offices in the UAE (Dubai), Nigeria (Lagos and Abuja), Lebanon (Beirut), Singapore and Pakistan (Lahore). We are due to open a branch in Europe in the near future.

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