by investing
Vanuatu is a small Pacific state consisting of 83 islands and located between New Zealand and Australia. The country's unique location far from world capitals makes it independent of from the main players in the political arena (Vanuatu gained independence in 1980). The undoubted advantages of the state are economic and political stability, a well-developed banking sector and a warm climate. Often, the country is called the “untouched paradise” of Oceania: here you can find many magnificent beaches, amazing scenery and interesting sights. Thanks to the optimal conditions for issuing a second passport, the program of acquiring the citizenship of this country for investments is becoming more and more popular.
Investment in National Development Fund
The advantages of Vanuatu citizenship:
Vanuatu is becoming increasingly popular as a country for obtaining a second passport, and for this, there are quite objective reasons. The main advantages of the program of this state include:
Cons of citizenship of Vanuatu:
The Vanuatu program has virtually no flaws: it is not by chance that today it is considered the most optimal option for obtaining a second passport. The disadvantages include the need to confirm the legality of the origin of the invested funds (for this the applicant must prove that he has a business, confirm employment, etc.) and take the oath. However, to take the oath to come to the country is not necessary: this procedure can be passed at the consulates of the state, which are located in Brussels, Hong Kong, Lebanon.
So, the granting of citizenship of Vanuatu because of investment in the economy. For registration of the passport the applicant must pass several stages.
Important information for applicants
Submission of documents to the Committee for citizenship by accredited agents. When applying to a specialized company the process of registration of the passport for the applicant is simple.
Main stages of registration of citizenship
The process of obtaining a passport includes the following steps:
Step 1. Assessing the possibility of granting citizenship. Before applying for a passport applicant it is reported that he has or is not entitled to grant citizenship. To become a citizen of Vanuatu on an investment program, a person must be able to contribute the necessary funds to the country's economy and meet the established requirements.
Step 2. Preparation of a package of documents. Documents are submitted in accordance with the established requirements.
Step 3. Filling and filing the application. The application takes place with a package of documents. Submission of the application involves the application fee.
Step 4. Analysis of the application for the provision of a passport by state officials. Applications submitted are analyzed by representatives of the relevant government authorities of Vanuatu. Based on the results of the study, conclusions are made that applicants have the right to citizenship, filed a full package of documents and correctly filled out the application form.
Step 5. Evaluation of the investor's application. The assessment of applicants is handled by the Internal Citizenship Screening Committee. During this procedure, it is determined whether the applicant and the documents submitted correspond to the established requirements, after which the documents are transmitted for further consideration.
Step 6. Deciding on the application. The consideration and approval of applications for the granting of citizenship is carried out by the relevant Commission, to which documents are transferred from the Internal Screening Commission. If the applicant meets the established requirements, the ability to confirm the legality of the invested funds and the submission of a full package of documents, the Citizenship Commission decides whether the applicant should be granted this status.
Step 7. Issue to the applicant of the letter of the Commission on the decision. The letter is sent to the applicant within a week after the decision is taken. Also, the applicant is informed of the conditions for issuing a certificate of citizenship (the need to provide the correct data for inclusion in the Certificate, questions on the completion of the oath and the payment of the fee).
Step 8. Completion of the oath.
Step 9. Payment of the fee.
Step 10. The issuance of a Certificate of naturalization and passport. Passport production is carried out within two to four weeks.
The list of required documents
To apply for citizenship, the applicant must prepare the documents. In the set list includes:
For dependent on the main applicant applicants are required to provide proof of financial dependence.