Are you considering Vanuatu for citizenship by investment but unsure if it's the right fit for you? Maybe you've heard some things about this island nation and aren't sure what's fact or fiction.
We’ve crafted this article to clear up common misconceptions about Vanuatu and provide you with intriguing facts that might help you decide whether to invest in the country’s citizenship.
19 Facts About Vanuatu You Must Know
Fact #1: Vanuatu Has No Income Taxes
Imagine living in a place where your hard-earned money is truly yours. In Vanuatu, there are no personal income taxes, no corporate taxes, no withholding taxes, and no capital gains taxes.
That’s right. Vanuatu lets you keep what you earn which makes it a perfect place for entrepreneurs, retirees, and anyone who wants to enjoy more financial freedom.
While there is a 15% Value Added Tax (VAT) on most goods and services supplied in Vanuatu by registered persons, the absence of direct taxes allows you to focus on growing your wealth without worrying about hefty tax bills.
Fact #2: Vanuatu Citizenship by Investment Is Affordable
Vanuatu’s Citizenship by Investment program is one of the most affordable options out there. For a single applicant, the Development Support Program (DSP) starts at $135,500 ($130,000 + $5,500 for due diligence), while the Citizenship Investment Immigration Program (CIIP) costs $160,500 ($155,000 + $5,500 for due diligence) for a family of up to four. This provides you and your family access to a range of benefits.
Fact #3: The Processing Time for Vanuatu’s Citizenship Is Fast
In a hurry to get your second citizenship? Vanuatu has one of the fastest citizenship-by-investment programs in the world. The standard processing times range from just 30 to 60 days.
This speedy process is perfect for those who need to relocate quickly or want to enjoy the benefits of their new citizenship without a long wait. The application process is efficient and hassle-free, allowing you to focus on planning your new life in paradise.
Fact #4: It’s a Safe and Stable Country
Safety and stability are top priorities for anyone looking to relocate, and Vanuatu excels in both. This peaceful country boasts a low crime rate and a stable political environment, making it a secure choice for families, retirees, and investors. The government is committed to maintaining a safe and welcoming atmosphere for all residents and visitors.
Fact #5: Vanuatu Is the 2nd Happiest Country in the World
Vanuatu ranks as the 2nd happiest country globally according to the Happy Planet Index, which measures well-being, life expectancy, inequality, and ecological footprint. This high ranking reflects the strong sense of community, cultural richness, and the natural beauty of the islands.
Fact #6: Three Languages Are Spoken in Vanuatu
Vanuatu is a linguistically rich country with three official languages: Bislama, English, and French. This diverse linguistic environment reflects the country's vibrant cultural heritage and colonial history.
For investors, this multilingualism can be a significant advantage, offering ease of communication and business operations. Whether you’re negotiating a deal, exploring local markets, or simply enjoying everyday life, the ability to communicate in multiple languages enriches your experience.
Fact #7: Vatu Is the Official Currency
The official currency is the Vatu (VUV), but AUD and USD are also commonly accepted.
Fact #8: Strategic Location
Vanuatu’s strategic location in the South Pacific offers significant advantages for investors. Positioned between Australia, New Zealand, and Southeast Asia, Vanuatu serves as a convenient hub for accessing major markets. This geographical advantage makes it an ideal base for business operations, especially for those involved in trade, tourism, and international business.
Fact #9: Local Cuisine Is a Blend of Melanesian, French, and British Influences
The food in Vanuatu is a tasty mix of Melanesian, French, and British flavors. You can enjoy a variety of delicious dishes, from fresh seafood and tropical fruits to traditional island meals and yummy French pastries. If you love food, you’ll find lots to enjoy, and it’s a great place for starting food-related businesses like restaurants or cafes.
Check out these 5 must-try Local Vanuatu dishes.
Fact #10: There Are Plenty of Beautiful Natural Attractions
Vanuatu is like a natural wonderland with amazing places to explore. There are beautiful beaches, clear blue waters, green rainforests, and even active volcanoes. These attractions are perfect for adventure and ecotourism.
Fact #11: Vanuatu Passport Is Good for International Travel
By obtaining a Vanuatu passport through the country’s citizenship investment program, you can travel to over 100 countries visa-free or with a visa on arrival.
This makes it super convenient for exploring the world, whether you're going on vacation or visiting for business. A Vanuatu passport opens up a lot of opportunities for travel and adventure, making it a great option for anyone who loves to see new places.
Fact #12: Port-Vila Is the Capital and the Largest City by Population
Port-Vila is the capital city of Vanuatu and also the largest city in the country. It’s the main hub where you’ll find a lot of businesses, shops, and government offices. It’s a lively place with many cultures and plenty of things to do. Living in or visiting Port-Vila means you’ll be at the heart of the action in Vanuatu.
Fact #13: It’s One of the Most Culturally Diverse Countries in the World
Vanuatu is home to many different cultures and traditions. With over 80 islands, each having its unique customs, languages, and festivals, it’s a fascinating place to learn about and experience different ways of life. This cultural diversity makes Vanuatu a rich and interesting place to live, visit, and do business.
Fact #14: Pleasant Tropical Climate Year-Round
Vanuatu enjoys a pleasant tropical climate all year. This means you’ll experience warm temperatures and lots of sunshine most of the time. It’s perfect for enjoying outdoor activities like swimming, hiking, and exploring nature. The great weather is one of the reasons why so many people love living in or visiting Vanuatu.
Fact #15: Vanuatu Comprises More Than 80 Islands
Vanuatu is made up of over 80 islands that are spread out over 1000 kilometres. This means there are lots of different places to explore, each with its own unique landscapes and cultures. Whether you love beaches, mountains, or forests, you’ll find it all in Vanuatu.
The best part? You can also buy your very own island!
Fact #16: Vanuatu Is Home to Mount Yasur
Mount Yasur is one of the world's most accessible active volcanoes, and it's located in Vanuatu. You can actually visit and see the volcano up close, which is an incredible experience. Watching the lava and feeling the rumble of the earth is both thrilling and educational. Mount Yasur is a major attraction for tourists and a unique part of Vanuatu’s natural beauty.
Fact #17: Vanuatu Has the Only Underwater Post Office in the World
Vanuatu has the world’s only underwater post office, where you can dive down and mail a special waterproof postcard. This unique attraction is a fun and memorable activity for visitors and showcases the country’s innovative spirit. It’s a must-visit spot for anyone who loves the ocean and quirky experiences.
Fact #18: The Country Is a Popular Destination for Yachties
Vanuatu is a favorite destination for people who love sailing and yachting. Its beautiful waters and numerous islands make it an ideal spot for exploring by boat. Popular ports like Port Vila on Efate Island, Luganville on Espiritu Santo Island, and Havannah Harbour on Efate Island offer excellent facilities for yachties, including moorings, fuel, and supplies.
Fact #19: Bungee Jumping Was Invented in Vanuatu
Did you know that bungee jumping started in Vanuatu? The original form of bungee jumping, called land diving, is a traditional activity where people jump from tall towers with vines tied to their ankles. It’s a thrilling and historic practice that tourists can watch during certain festivals. This exciting tradition highlights Vanuatu’s adventurous spirit and rich cultural heritage.
What’s Next?
We hope these intriguing facts have convinced you that Vanuatu is a fantastic place to live. The country's beneficial tax policies, affordable investment program, and fast processing times make obtaining a Vanuatu passport a great option. Enjoy the freedom of traveling to over 100 countries and immerse yourself in Vanuatu's vibrant culture.
Ready to take the next step? Contact us at High Net Worth Immigration to learn more about how you can invest in Vanuatu and secure your future in this incredible island nation.
