Self-Funded Visa Residencies Plan of Vanuatu (Oceania)

Immigrate to Vanuatu and apply for Self-Funded Visa,Residencies Plan of Vanuatu (Oceania),citizenship by investment,residency by investment,start-up/self-employed/education/work permit visa

Self-Funded Visa

If you wish to settle in Vanuatu and you have enough income to support yourself and your dependents, you may apply for a Self-Funded Visa.

You must receive a monthly income in Vanuatu of at least VUV250,000 or VUV500,000, if including your spouse. Children or parents don't need to be factored into the application.

The visa is valid for one year, renewable if the requirements are still met. You will also be required to pay an annual fee of VUV20,000 for the maintenance of the visa.

After 10 years holding a residence visa you may be eligible for citizenship by naturalization.

Requirements


- Police clearance (original) for each person applying for a residence permit over the age of 18.
- Letter from a local bank verifying deposit in a trust covering the total amount of one-way return ticket(s) for the people applying for residence permits.
- Statutory declaration for each person applying for a residence permit over the age of 18, listing all criminal offenses they have been convicted of during past 10 years.
- Proof of income via bank statements, contracts or any other reliable means.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Dual citizenship is recognized in Vanuatu. You are not required to renounce your previous nationality to become a citizen of Vanuatu.


Documents Required


  • Original Police Clearance Certificate
  • Medical Certificate
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Three passport-size photos
  • Bank Statement
  • Original Bank Reference Letter (Not older than 6 month)
  • Proof of income
  • Original and photocopy of passport
  • dual citizenship Yes
  • Family members included Yes
  • land ownership No
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single -
  • Investment Family 4 -
  • Minimum annual income $30,000
  • Time to citizenship 120
  • Time to permanent residency
  • Visa-free countries 113
  • Financing available No

Vanuatu

The Republic of Vanuatu is a former English-French protectorate, made up of a stunning archipelago of 83 islands of volcanic origin surrounded by coral reefs, covering more than 12,000 sq. km of the South Pacific Ocean. It's located 1750 km from Australia, 500 km northeast of New Caledonia, west of Fiji and south of the Solomon Islands, near New Guinea. The islands have a population of 267,000 inhabitants. Its capital, most populated city and economic and commercial center is Port Vila, located in Efate Island, which has the most important port and airport of the country. Its official languages are Bislama, French and English. Its official currency is the Vanuatu Vatu.

  • National Flag of:Vanuatu
  • Currency:VUV
  • Area Code:678
  • Capital:Port Vila
  • Continent:Oceania
  • Native Languages:, English, French
  • Population:221,552

BENIFITS

With your new passport from Vanuatu you'll be able to access 113 countries visa free

citizenship benefits Visa-free or Visa on arrival to 113 countries including Schengen Area United Kingdom Singapore Visa-free access to Russia temporary residency benefits Peaceful democratic and politically stable country No personal direct taxes Low crime rate country Warm climate Low tax jurisdiction Be eventually eligible for citizenship

FEES

ITEM AMOUNT
government fees main applicant $20
000
due diligence fees main applicant $20
000
processing fees main applicant 57
600 vatu
passport fee $160
total fees main applicant $70
160
government fees spouse $10
000
due diligence fees spouse $10
000
processing fees spouse $10
000
passport fee $160
total fees spouse $30
160
due diligence fees dependents -18 -
processing fees dependents -18 2
400 vatu
passport fee $160
total fees dependent -18 $160
government fees dependents 18-25 $10
000
processing fees dependents 18-25 $5
000
passport fee $160
total fees dependent 18-25 $25
160
government fees dependents +65 $15
000
due diligence fees dependents +65 $10
000
processing fees dependents +65 $5
000
passport fee $160
total fees dependent +65 $30
160

TAXES

The income of Vanuatu citizens or residents is free of any kind of local taxes, whether the income is remitted or not. Vanuatu is a low tax and offshore jurisdiction free from personal income tax, capital gains tax, inheritance tax and wealth tax.

Lands in Vanuatu are not freehold. Properties can be leased for up to 50 years for residential lots and 75 for commercial ones. Land lease is subject to a 2% registration fee and 5% stamp duty on the unimproved capital value.

Value-added tax (VAT) in Vanuatu is 12.5%.

Regarding corporate taxation, companies incorporated in Vanuatu are free from income taxes, dividend distribution taxes, capital gains taxes and withholding taxes.

Companies incorporated under the Companies Act are entitled to do business within the country. Those incorporated under the International Companies Act may have restrictions to do business with residents, but may benefit from confidentiality, no filling requirements and may be guaranteed for a full tax exemption for 20 years.

Learn more about corporate taxation, legal framework and tax treaties at incorporations.io/vanuatu.

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

TAX ITEM DESCRIPTION
Property tax Yes
Transfer tax Yes
Inheritance tax No
Net worth tax No
CFC law No
Tax residency days 183
Personal income tax rate 0%
Capital Gains tax rate 0%
Investment income tax rate 0%
Territorial taxation Yes

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