Vanuatu to Submit CBI Real Estate Options Bill to Parliament
/The Vanuatu Citizenship by Investment Program was first introduced in 2016 and finally adopted in 2017. During this time, investors had only one option to obtain citizenship and a passport of this country - to donate to the development support program. After four years of the program's operation, the country is finally preparing an additional investment option - investing in real estate. Parliament will finally consider introducing this option this month.
MORE ABOUT VANUATU DEVELOPMENT SUPPORT PROGRAM HERE
“One crucial aspect of our efforts to develop the Program is with the explicit aim of generating greater benefits for our wider economy, by developing opportunities for attracting investment into Vanuatu that will result in jobs and tangible improvements for all in our community.” - commented the Chairman of the Vanuatu Citizenship Commission, Mr. Ronald Warsal.
Benefits of Vanuatu Citizenship:
Enjoy your freedom, mobility, and access to more than 145 countries visa free, including all European Union countries, the United Kingdom, Ireland, and Russia.
Citizens of Vanuatu are permitted to apply for Australian Visitor Visa (subclass 600) and U.S. Tourist Visa, amongst others.
No residency requirements for successful applicants.
Family friendly citizenship programme: the successful application covers a family of four (main applicant, spouse, and one child under 18 years) with only nominal fees for additional dependents.
The Republic of Vanuatu imposes no income, wealth, and inheritance taxes.
Source: imidaily
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