Whether you’re looking to second citizenship as an insurance policy for your family, a route to global mobility or an escape to permanent residency, the South Pacific island of Vanuatu could be the right second passport choice.
To help promote Vanuatu and the benefits of its Citizenship by Investment Program, The Vanuatu Investment Migration Bureau (VIMB), through its Dubai office, is working with AI-powered Travel Assistant company, Eddy Travels.
As international travel resumes following the pandemic, but with Covid restrictions still in place, a new global mobility hierarchy has emerged, according to the just-released Passport Index 2020 Q4 edition. While some of the world's most powerful passports like the US have lost their shine, others have gained global mobility ground.
Ranked as the fourth happiest country in the world, remote South Pacific island Vanuatu combines high levels of wellbeing with a low carbon footprint and a culture of inclusion, and it’s one of the last places on Earth with no confirmed Covid cases. And for just US$130,000, foreigners can become citizens in just 45 days. So why wouldn't you?
With a lucrative Citizenship by Investment programme under its Asia Pacific belt, the island nation of Vanuatu has put in place plans to become the first-ever CBI programme to allow stateless individuals to apply for citizenship, with accredited agent VanLS obtaining a three-year exclusive licence to handle the applications.
Increased demand for economic citizenship of Vanuatu has given the cyclone-battered south pacific island a massive financial boost, achieving a record US$33.3 million surplus in the first half of 2020 and marking a 32% year-on-year increase in citizenship-related revenues, exceeding, by August, its annual projection.