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?
- 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.