Looking for valuable investments? You might be in search of investment options aside from the traditional ones such as businesses, financial instruments and real estate. If so, you might want to consider getting a citizenship by investment. Here are the essential things you need to know about this type of investing:
- What is it?
This type of investment gives investors the chance to become citizens of the country they are investing in. The requirements vary depending on the programs formulated by the government of the country. For example, people who are interested in gaining citizenship in Vanuatu can do so by investing a certain amount of US dollars into the local development fund.
- Beneficial to Both Parties
This type of investment is beneficial to you because it makes you a dual citizenship of your country of origin and Vanuatu. This is a smart move for people with businesses in Russia, the UK, Hong Kong, Singapore and other countries included in the visa-free travel of Vanuatu passport holders. This makes travelling to and from your businesses easier.
It is also beneficial to the government because it helps sustain their development programs. This allows them to have funds for their projects that can improve the lives of their people. It also gives them the ability to enhance their tourism endeavours, which is beneficial to local business and tourists. With this, your asset will be used in a worthwhile program.
- Requires Supporting Documents
You might think that investing the amount required can qualify you as an economic citizen of Vanuatu. However, you will need to submit supporting documents to legitimise the process. You need to compile files such as proof of ownership of the assets you have, identification papers, notarised birth and marriage certificates as well as other similar files.
Vanuatu’s Development Support Program gives you the chance to place your assets in something worthwhile. If you are interested in participating in this program, get in touch with Vanuatu Invest.