Vanuatu receives $US84m from citizenship sales

Vanuatu receives $US84m from citizenship sales

The chair of Vanuatu’s Citizenship Commission Ronald Warsal says profits collected over the past three months as part of its citizenship programme has rise steeply to about $US84 million, but the government had tightened security and due diligence measures to ensure that all applicants had clean criminal records.

“We have been shocked by the Covid-19 pandemic as well as Tropical Cyclone Harold. This opportunity does not only support our people but also boosts our economy.”

He said the government had given the commission the mandate to diversify by introducing two additional programmes under citizenship sales but he did elaborate on the new initiatives. Earlier this month the Director of Passport and Immigration Services denied reports the government was selling passports to foreigners who wanted to escape Covid-19. He also clarified Vanuatu was selling citizenship only.

In 2017, the Vanuatu Development Support Program (DSP) was created by the Government of Vanuatu in 2017. The Objective of the Plan is to facilitate and attract overseas investors, Vanuatu has passed and enacted all necessary legislation and regulations. Vanuatu even going so far as change its constitution to recognize dual citizenship, which was not recognized until the Constitution was changed by a two-thirds majority of Parliament in December 2012. Timeline is  1 – 2 months and open to most nationalities with investment cost is USD 150,000.

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