Vanuatu Citizenship Program-Income Up 3X in Two Years: Third of Govt. Revenue Now From CBI
Vanuatu’s two citizenship programs brought the government revenues amounting to some US$72 million in 2018. That’s more than double the 2017 figure, and three times greater than that of 2016. Citizenship by investment now accounts for 29% of government revenue.
According to Vanuatu’s Ministry of Finance and Treasury, the Vanuatu Contribution Programme (VCP) and the Vanuatu Development Support Programme (VDSP) had together added VUV 7.3 billion (about USD$66 million) by the end of November 2018, or about US$ 6 million a month. Assuming a constant trend for the year, 2018 as a whole will have seen a capital influx in the region of US$72 million.
Related: Why Does Vanuatu Have Several CIPs? And What do They Really Cost?
The figure compares favorably to the government’s own budget – the VUV 7.3 billion is 245% above the target set last year – and also represents a hefty improvement on previous years; in 2017 and 2016, government revenue from citizenship by investment programs amounted to, respectively, VUV 3.5 billion (US$31.6 million) and VUV 2.7 billion (USD$24.4 million).
Growth in the
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 16 years in the United States, China, Spain, and Portugal.