Vanuatu solution to travel in COVID world now accounts for almost half of the country's income
The revenue from the official Vanuatu citizenship by investment program grew more than 30% in 2020 amid pandemic and travel restrictions all over the world. Overall revenue from the CBI in Vanuatu totalled more than $132.6 million.
Vanuatu's CBI program revenue grew for the 5th consecutive year. In 2016 it was only 24.4 million USD. Nowadays revenue from the CBI program accounts for 42% of all governmental income in Vanuatu.
First signs of a radical increase in popularity of Vanuatu's CBI program came in the middle of 2020, when the country has published preliminary results of its citizenship program. In the first six months of 2020 Vanuatu collected more than $62.2 million, 80% of all annual projected revenue from the CBI program.
Investors turned their eyes on Vanuatu as this Pacific country eased some unnecessary red tape from the program and made it possible to apply for citizenship and obtain a second passport without visiting the country.
Citizenship of Vanuatu is considered one of the strongest in the CBI market and is popular among investors who are willing to get access to visa-free travel. Short processing times and a modest minimum investment level of $130.000 with visa-free travel to the EU, the UK, Singapore, Hong Kong and many other countries make Vanuatu's offer one of the most attractive.
Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including UK, Turkey, Vanuatu, EU & the Caribbean.
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