The island nation of Vanuatu is divided into six provinces. Shefa, Sanma, and Malampa are the most important. The country is located east of New Guinea and northeast of New Caledonia in Oceania, in the South Pacific Ocean. It covers an area of 12,189 square kilometers in total. The country is made up of 83 islands, only 65 of which are inhabited. The topography of Vanuatu is made up of volcanic mountains and thin coastal lowlands. It has a tropical climate that is mitigated by trade breezes. The population is estimated to be around 307,815 people. Port Vila, the country's capital and most populated city, has a population of roughly 50,000 people. Luganville and Isangel are two other prominent cities. Bauerfield International Airport (VLI), the country's largest and only international airport, is also home to national airline Air Vanuatu. The airport connects to locations throughout Australia and the area.
Vanuatu is governed by old traditions, with European conquerors having had little influence. Protestantism has the biggest percentage of adherents. Bislama, English, and French are the official languages. The legal system in Vanuatu is a hybrid of English common law, French law, and customary law. A parliamentary republic governs the country. Every five years, elections are held.
The Vanuatu vatu (VUV) is the official currency. The country has an open economy, with a GDP of about $820 million, making it Oceania's seventh largest economy. Its residents have a $2,850 per capita income. The services and agriculture sectors account for the majority of GDP. Agriculture remains vital because it feeds over two-thirds of the world's population. Vanuatu has no natural resources or oil, thus the government's only sources of revenue are foreign aid, fish exports, and taxation.
Tourism is vital as well, but it has recently slowed owing to natural calamities. Vanuatu offers a wide range of natural tourism opportunities. It's noted for its beautiful beaches, natural surroundings, and island traditions. Mount Yasur Volcano, Port Villa, Luganville, Malekula, Oyster Island, and Champagne Beach are just a few of the key attractions. Fishing, scuba diving, watersports, surfing, and hiking are the most popular tourist activities. Every year, roughly 116,000 tourists visit the island nation, the bulk of which are from New Zealand and Australia.
“Zero income tax country” may sound enticing to a wealthy individual looking to reduce their tax burden. However, there are several factors to consider when
The fastest citizenship by investment program in the world is offered by Vanuatu. It is also one of the least expensive at a minimum investment
Vanuatu
Vanuatu offers many benefits to international investors looking for additional citizenships. There are many benefits to Vanuatu citizenship, including no Vanuatu income tax, no Vanuatu capital gains tax, and no Vanuatu inheritance tax. In addition, Vanuatu has a stable political environment and is not affected by sanctions or embargoes. As a result, Vanuatu citizenship is an attractive option for international investors.
Vanuatu citizenship is interesting for international investors looking for residency options either through investment or otherwise. Vanuatu is a South Pacific Ocean nation made up of more than 80 islands with a population of about 286,000 people. The Vanuatu citizenship option works by the government selling Vanuatu passports to foreign investors. In return for the investment, the investor is granted Vanuatu citizenship and can live in Vanuatu indefinitely.
Invest US$130,000 for a Single Applicant, up to US$160,000 couple, and up to USD220,000 for a family of four.
According to the SovSpot Passport Ranking Index, the Vanuatu passport is now ranked 41st. It allows anyone to travel to 132 countries without needing a visa. As a result, it has a good total mobility score. Visa-free travel and visa-on-arrival are available to Vanuatu passport holders in countries such as Singapore, Russia, the Bahamas, Malaysia, and the European Union. This enables for almost instantaneous travel opportunities all around the world. Visas are required for inhabitants of Vanuatu to enter 97 countries. Taiwan, the United States, and Australia are among the countries that require a visa.
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The number of countries Vanuatu passport holders can enter without a visa (i.e. visa-free countries) and those Vanuatu passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Vanuatu passport ranking relative to other global passports (eTA). There are now 97 visa-free countries for Vanuatu passport holders, 34 visa-on-arrival countries, and one eTA destination. Vanuatu passport holders can visit a total of 132 countries, either without a visa, with a visa on arrival, or with an electronic travel authorization (eTA). As a result, Vanuatu's passport is currently ranked 41 in the world. Aside from the Vanuatu visa-free and visa-on-arrival countries, there are 97 more countries where Vanuatu passport holders will require a physical visa or an eVisa (i.e. visa required countries). Vanuatu's passport is highly sought after because of its high rating and the numerous visa-free nations to which its people have access. Citizenship in Vanuatu can be obtained in a variety of methods, including birth, marriage, naturalization, ancestry, and the Vanuatu citizenship by investment scheme. Vanuatu's Citizenship by Investment program, which began in 2017, is one of the world's fastest, with candidates getting citizenship and second passports in as little as 2 to 3 months.
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