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Aurion Business Consultants

Second Passport / Dual Citizenship

Citizenship by Investment in Vanuatu / Cyprus / Caribbean / Dominica

Dual Citizenship

Aurion Business Consultants provide confidential professional consultation to high networth individuals, who are looking for possibility to obtain the Second Passport and Dual Citizenship by way of Citizenship By Investment (CBI).

Citizenship-by-Investment programme offers you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life.

We have an extensive network of partners and agents who are certified by the respective government to promote Citizenship by Investment programs and provide all required assistance for securing citizenship for the investor.

Second Passport by Investment

Citizenship by Investment

Few countries in the world offer Citizenship by Investment to the investors who support the Government funds, real-estate infrastructure, and make other investments in the country.

Countries that currently offer Citizenship by Investment are Austria, Antigua and Barbuda, Vanuatu, Cyprus, Dominica, Grenada, Malta, and St. Kitts and Nevis.

Citizenship by Investment Program – Vanuatu (Common Wealth Country)

Vanuatu Second Citizenship

The Government of Vanuatu offers Citizenship by Investment for applicants (single, married, married with children) starting from USD 130,000 into a local development fund. Vanuatu is a chain of 80 islands to the east of Australia (South Pacific) and is part of the Commonwealth countries list. English and French are the official spoken languages. It is the only Citizenship by Investment Program in the Asia-Pacific region. The program is one of the fastest passport programs available for investors worldwide. The investment requirement is a deposit of USD 130,000 for a single applicant and USD 180,000 for a family of four plus fees.

Key Highlights of Vanuatu’s Citizenship by Investment Program

The Citizenship by Investment Program enables the foreign investor to be a citizen of Vanuatu in all rights (There won’t be voting rights and political involvement).

It also supports dual citizenship and there is no requirement of the physical presence of the investor during the application submission or processing of the citizenship. Also, there is no requirement to visit or reside in Vanuatu to retain the passport and citizenship.

Key Highlights of Vanuatu’s Citizenship by Investment Program

  • No income tax, wealth tax. or inheritance tax
  • Obtain Citizenship within 2 months (Straightforward procedures)
  • The investor must have no criminal records (Government follows strict due diligence before processing the application)
  • Swearing Ceremony will be arranged in convenient locations around the world
  • Proximity to Australia & New Zealand and a perfect tourist destination for family

Vanuatu Citizenship Program

  1. Connect with a Registered Agent/Government Approved Immigration Consultant to know more about the criteria to be met for obtaining Citizenship from Vanuatu
  2. Document submission for pre-approval. Submit the passport copy, asset information, police clearance certificate, and other required details and pay the pre-approval fees.
  3. Get the pre-approval from the Government of Vanuatu. There will be a due diligence check on the main sponsor and dependents by the Government.
  4. Final Document Submission – All the required documents along with the pre-approval must be submitted to the authority after checking and collating the documents. AURION will guide the applicant in applying the right way.
  5. Part Payment and Application Submission – The applicant must make a 25% pre-payment along with the application submission, and post receiving the letter of confirmation, the remaining 75% is payable within 5 days.
  6. Oath Swearing Ceremony – The applicant must participate in the Oath Swearing Ceremony to pledge their citizenship. It can be conducted from the preferred location at an extra fee. With the Covid-19, the oath-taking ceremony is virtual that will be attended by the Commissioner of Oath, Passport Officer, and the Applicant.
  7. Vanuatu Passport Issuance – The passport will be issued to the applicant after the Oath Taking Ceremony. It is renewable for 10 years and is renewable for the same period.

Vanuatu Citizenship by Investment Program Procedures

Citizenship by Investment in Vanutu

Citizenship by Investment Programs of Cyprus, Dominica, and St. Kitts & Nevis

Citizenship by Investment programs offers you the opportunity to legally secure new citizenship in a fast-tracked way that usually requires more than 10 plus years. Also, without any disruption to your regular life.

Most countries have the provision that allows the Government to grant citizenship in return of a sizeable investment to the government funds, real-estate, business sectors, and more.

Depending on the respective governments several countries have investment programs in a place tailor-made for foreign investors in return for citizenship.

Citizenship by Investment in Dominica

Citizen by Investment Options

The Citizen by investment programs has well-defined legal support procedures and residency process in place. All the programs are strategically designed by the government authorities to attract much-needed foreign direct investment.

Countries use these funds in the infrastructure development projects of the nation, create jobs and opportunities for business growth in the country.

Comparison Between Various Citizen by Investment Programs

RegionSouth Pacific – Part of Common Wealth
Caribbean
CountryRepublic of VanuatuCommon Wealth of DominicaSt. Kitts & Nevis

Highlights

Capital CityPort VilaRoseauBasseterre
Time ZoneUniversal Time Coordinated GMT / UTC  (UTC+11)Eastern Caribbean Time
Zone (UTC-04:00)
Eastern Caribbean Time
Zone (UTC-04:00)
LanguagesBislama, English, FrenchEnglish, FrenchEnglish
CurrencyVatuEast Caribbean Dollar $East Caribbean Dollar $
Schengen/EU TravelEU Travel – EuroEU travel – No restrictionsEU travel – No restrictions
Nearest CountryFiji, AustraliaMartiniqueMontserrat & Guadeloupe

Eligibility Criteria

NationalitiesOpen to most nationalitiesEU & Non-EUEU & Non-EU
Ineligible NationalitiesSyria, Iran, Iraq, North Korea, Yemen require pre-approvalsN/AIran, North Korea, Sudan, Afghanistan
Investment ModelContribution or InvestmentContribution or InvestmentContribution or Investment
Asset TypeContribution to Economic Fund of GovernmentContribution or PropertyProperty or Contribution
Contribution to Government FundUSD $130,000USD $100,000USD $250,000
Government BondsNilNilNil
Real EstateNilUSD $200,000USD $400,000
Other investmentNilNilNil

Sponsorship Eligibility

SpouseYesYesYes
ParentsYes > Grandparents of 65 YearsYes > 55 YearsYes > 55 years
ChildrenUp to 25 YearsUp to 28 YearsUp to 30 Years
Physical ResidenceNo physical stay requirementNo physical stay requirementNo physical stay requirement

Benefits

Residence RightsRight to reside & work in VanuatuRight to reside & work in DominicaRight to reside & work in St Kitts & Nevis
TaxNo personal or Corporate TaxFavorable tax regimeFavorable tax regime
Schengen MembershipVisa-free travel to EU countries and 130Visa-free travel to EU countriesVisa-free travel to EU countries
Dual CitizenshipDual Citizenship allowedDual Citizenship allowedDual Citizenship allowed
Visa-Free Countries130 Visa-Free Destinations113 Visa-free destinations131 Visa-free destinations

Citizenship Process

Minimum ResidencyNo minimum stay requirementNo minimum stay requirementNo minimum stay requirement
Time to residencyN/AN/AN/A
Total time for passport issuanceApprox. 1-3 MonthsApprox. 3-4 monthsApprox. 2-3 months

Benefits of Second Citizenship?

There are many benefits to investing in a second citizenship. From personal safety to increased global mobility, it opens up new business opportunities for the high net worth individuals.

  • It acts as lifetime insurance at the event of any political unrest in the home country. It offers a sense of security and a new range of opportunities in a different part of the world.
  • Travel around the world with visa-free status and minimum paper works
  • Advantageous for tax optimization purposes. Leverage benefits of double taxation avoidance agreements
  • Take your family around to new parts of the world easily
  • Provide world-class education to children at domestic fees and enjoy a higher quality of life
  • Expand the business network to new parts of the world

Requirements For Second Passport

The requirements for citizenship by Investment differs across countries. While some countries require medical examination and proof of good health, others don’t require it.

However, some requirements are common across all such programs:

  • Have a clean criminal record
  • Produce the legal source of investment funds
  • Invest in one of the government-approved options such as real estate, government bonds or National Economic Fund

All the requirements must be met to approve the citizenship application. Have a detailed read at the specific requirements for the desired countries Citizen program.

Talk to our expert Business Consultants to know more.

The second Passport – Obtaining Dual Citizenship by Investment

Several countries offer ‘Citizenship by Investment’ programs where investment is made in real estate and government funds of the particular country. Channeling investments to real estate and Government funds can get you a second passport, and become the Tax Resident in the country.

With the current situation of Pandemic, many countries are relaxing their respective investment-cum-citizenship criteria’s to attract more foreign investment and revive the economy. Here is a list of ‘Citizenship by Investment’ programs and the level of investment required to obtain a Second Passport.

Country/RegionApprox. Investment AmountDetails
ThailandUSD 3000 (AED 11,019) for a YearThailand offers a residence visa for foreigners for 1 year.
Saint LuciaUSD 100,000 (AED 367,000) – Government Fund, or,
USD 300,000 ( AED 1.1 million) – Real Estate
Investment In the form of donations to the National Economic Fund or Real Estate Investment
DominicaUSD 100,000 (AED 367,000) – National Transformation Fund, or, USD 200,000 ( AED 734,600) –Real EstateInvestment in the form of donations to National Transformation Fund or Real Estate Investment
MoldovaMinimum EUR 100,000 ( AED 622,000) for Single ApplicantA Minimum of EUR 100,000 Non-Refundable Deposit to the Public Investment Fund (PIF)
LatviaMinimum USD 333,000 ( AED 1.2 million)A Minimum of USD 333,000 for 5 years in a Credit Institution
CambodiaUSD 245,230 (AED 900,729)Donation towards ‘Restoring and Rebuilding it’s Economy’
TurkeyUSD 250,000 (AED 918,250)Property Purchase and Other Investments in Turkey
GreeceEUR 250,000 (AED 1 million)Property Purchase in Greece
PortugalEUR 500,000 ( AED 2 million)Property Purchase to get ‘Gold Visa’

Almost all ‘Citizenship by Investment’ programs except the one for Turkey- require you to buy government pre-approved real estate properties.

How Aurion Assist you?

Our team of experts will simplify the steps and assist you in choosing the right program based on your business requirement, business experience, family sponsorship, budget, investment portfolio, & other criteria requirements.

We assess all your investor requirements in detail and match the prospective Citizenship program. Our team will handhold you throughout the residence program paper works and secure your citizenship at the earliest.

Talk to our expert Business Consultants to know more about the various Citizenship by Investment programs.

Aurion Business Consultants have good and trustful connections in each of the country and could advise you the most appropriate country as per your requirements and budget. We are building the easiest way structure and making the process less expensive and hassle free.

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