Business development in modern conditions has no limits. Enterprising business people choose effective ways to improve conditions and run their businesses. That is why today, immigration is gaining popularity and demand. It is a capital exchange for official status inside another country.
The favorable offers of governmental bodies have numerous advantages. Depending on individual requirements, the best programs provide obtaining a Caribbean passport. The fastest option is getting citizenship for investment (term of 3-6 months). Vanuatu offers no less attractive conditions. It is an excellent chance to create a business in economically developing countries. Exceptional privileges are offered to interested investors. Read more about it in our article
Vanuatu Passport Benefits
It is advisable to consult a specialist before deciding to purchase a second passport. Obtaining a vanuatu passport visa-free countries for investment is the fastest option today. On average, the processing time is no more than three months. What eligible does the service offer? Read more about it below:
- free Vanuatu visa-free countries, including long-term US visa;
- social services are available (medical care, educational opportunities, and so on);
- development of international business;
- flexible tax system.
In addition, citizens contributing to the country’s development have free access to travel without a visa to more than 90 destinations.
Requirements and Obtaining Process
The procedure can be carried out remotely without the need to be present in person. The applicant must fulfill the following requirements:
- reaching the age of majority;
- clean biography (no criminal record or other offenses);
- absence of serious illnesses;
- legal income.
Both the investor himself, as well as his spouse, children, and parents, may be eligible for citizenship.
Investment Options
Applying for Vanuatu citizenship through investment is quite simple. As a Caribbean investment programs expert Acyr Jardim (a company called Imin Caribbean) points out, signing a service agreement with an authorized agent is the first step. He will help gather all the necessary documents and provide practical advice on completing the due diligence process.
Upon written approval, the applicant will fill out a special form with the appropriate documents and make a mandatory payment of $130,000. There will be no interviews, language tests, or history exams required. There are also no residency requirements.
Caribbean Passport Benefits
Caribbean passport visa-free countries open visa-free access to 157 countries, including the EU Schengen area, the UK, and Ireland, simplifying visa processing for the USA. In addition, the following advantages are emphasized:
- access to education within the country, as well as in the UK and USA;
- free school education;
- international business development;
- tax benefits;
- quality health care.
There are no special residency requirements. Financial confidentiality is guaranteed without disclosing personal information. The local population is generally friendly to visiting investors.
Requirements and Obtaining Process
As in the previous description, the procedure will not cause difficulties. However, the recommendations remain the same: the application should be submitted using the services of a specialist. It will avoid unforeseen circumstances in the form of missing documents. The requirements for the applicant are as follows:
- reaching the age of majority;
- an impeccable reputation;
- absence of serious health problems;
- financial solvency;
- legal income.
The process of applying takes up to 6 months. The information about the applicant must be exclusively truthful; otherwise, the decision to consider the application will be negative.
Investment Options
The caribbean citizenship through investment program allows foreign investors to get a passport and citizenship if they meet specific criteria. After only six months, obtaining citizenship for life without any residency requirements is possible.
Upon completing the due diligence process, the applicant must contribute to the Sustainable Growth Fund or purchase a property in a government-approved development. The minimum acquisition amount is US$200,000.
Final Comparison
What are the differences between the Caribbean and Vanuatu programs? Primarily is the size of the fees. It should also be noted that Vanuatu’s citizenship program already includes agent’s fees, unlike the Caribbean CIP, where agent’s fees are charged separately.
It is worth noting the speed of documents processing: the Vanuatu government can give a favorable response in as little as a month after submission. The wait for a Caribbean process can be up to six months.
