Vanuatu could be the slingshot-shaped string of 83 islands located in the Pacific Ocean between Australia and New Zealand… and literally thousands of kilometers away from the world’s governmental and financial problems!
A former joint British-French protectorate, Vanuatu became an unbiased Republic in 1980 and has since fiercely guarded its independency and sovereignty. Vanuatu is self-sufficient in many aspects, with many of its food produce being organic. Vanuatu is a market that is free without any personal taxes.
The capital city is Port Vila on the island of Efate. Albeit small in size and populace (44,000), Port Vila has a well-developed banking and financial infrastructure with about seven banks serving the international financial industry and a range of highly professional solicitors, accountants and economic advisers including big-name worldwide companies.
The Development Support Programmed (DSP) of Vanuatu ended up being initially proposed in early 2016 and fully adopted by the Government of Vanuatu in 2017 April. The objective of the Plan would be to produce local jobs, stimulate the economy, and keep the nationwide budget balanced.
To facilitate and attract overseas investors, Vanuatu has passed and enacted all legislation that is necessary regulations, also going in terms of to alter its Constitution to recognize dual and multiple citizenships that was not recognized until the Constitution was changed by a two-thirds majority of Parliament in December 2012.
Due diligence and ancillary documentation requirements are simpler than most economic citizenship programmers. Online applications are fast-tracked and streamlined for many Commonwealth countries, ensuing in reduced processing times of around 45 days. Vanuatu DSP is one for the quickest alternatives for the investors looking for the second citizenship and a passport that is new. Processing can be completed within a single month; citizenship is issued after this period if the applicant matches the requirements.
Vanuatu has entry that is visa-free Europe and England, and residents are eligible for 5-year US visas.
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