Vanuatu’s lucrative ‘passports for sale’ scheme for Chinese nationals….

A top-down shot of a person handing over Chinese yuan for a green Vanuatu passport.
Photo: Vanuatu passports have been mostly sold to applicants from mainland China under the scheme. (ABC News: GFX/Jarrod Fankhauser)

Are you in the market for a second passport? One that can get you into scores of countries — including Europe, the UK, Hong Kong, Singapore and Russia — without needing a visa?

Key Points:

  • Applicants can become a Vanuatu citizen without needing to set foot in the country
  • It costs about $220,000 for a single application and more for couples and families
  • More than 4,000 passports have been sold under the scheme, with most to Chinese citizens

Or perhaps you’d like to park your money in a tax haven where there are no personal or corporate income taxes.

Maybe you’d just like to get away from the rat race and live on a picturesque tropical island in the South Pacific.

Vanuatu, then, could be the place for you.

These are some of the selling points of Vanuatu’s citizenship by investment scheme, or cash-for-passports as it’s also known locally.

Sales have been booming in recent years, providing the Government with an unexpected but lucrative source of revenue.

Full Story Here: https://www.abc.net.au/news/2019-08-07/vanuatu-passports-for-sale-scheme-to-chinese-nationals/11387292

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