The Republic of Vanuatu

The Republic of Vanuatu is an archipelago of 82 beautiful islands (65 are inhabited) located in the South Pacific Ocean, 1,750 kilometres north of Australia. Click to see a map. The capital is called Port-Vila. The current population is 285,000 and is rising all the time thanks to new citizens – like you and your family perhaps! The major languages are English, French and native dialects. Virtually everyone speaks decent English. Vanuatu was first colonized by the Melanesian people. In 1606, the island chain was conquered by the Spanish and became part of the Spanish East Indies. By the 1880s, the archipelago was jointly ruled by France and the United Kingdom. Vanuatu is a member of the British Commonwealth and retains some colonial allure. It became an independent nation in 1980. In 2020, Vanuatu celebrated 40 years of independence. Independence Day is held on 30 July. The currency is the vatu. The main University is the University of the South Pacific.

Vanuatu citizens and Vanuatu passport holders enjoy visa free travel to 130 countries including all 26 Schengen nations, the United Kingdom, Russia, Hong Kong, India, Switzerland and Singapore. Vanuatu is a member of the United Nations, World Trade Organization, and World Intellectual Property Organization. It is a modern, advanced, stable, multi-racial democracy.

The Vanuatu Government developed a citizenship by investment program (which includes a Vanuatu passport) in order to diversify the economy. The climate is suitable for exotic fruits and vegetables including garlic, banana, yam, sugarcane, eggplants and vanilla. Tourism became more popular after Survivor: Vanuatu - Islands of Fire was filmed in 2004. However, farming and fishing are unsustainable as there has been over-fishing and over-logging. Hence, the Government needed to generate a different sustainable industry – Vanuatu economic citizenship. This is why there is widespread support from the local people. They know that their standard of living would decrease without the funds that derive from the Vanuatu citizenship program. Local people actively welcome new citizens. Second citizenship is very popular with many nationalities including Indians and Arabs.

There is limited bureaucracy in Vanuatu. It is easy to open bank accounts, create companies and set-up businesses. The Government wants people to succeed and knows its role is to make things simple. This country respects entrepreneurs. There are no income taxes, inheritance taxes, or capital gains taxes – just a small sales tax.

Vanuatu is a tax haven and the offshore sector is expanding. The Vanuatu International Companies Act was inaugurated in 1992 and created a formal structure for International Business Companies (IBC). Vanuatu is a wonderful environment for those who need offshore services. It has zero corporate tax and company accounts do not need to be filed. It is a jurisdiction with a high level of privacy.