Citizenship Sales Outstrip VAT to Become Vanuatu Govt’s Biggest Revenue Source

In 2018, reports Vanuatu’s Ministry of Finance and Treasury, CBI-related revenue reached such unprecedented levels that, for the first time in the country’s history, it displaced VAT-receipts as the government’s single biggest source of funds. “In 2018, revenue from the honorary citizenship programs overtook that of VAT for the first time. The Government remains careful

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3 Crucial Questions the Vanuatu Citizenship Commission Needs to Answer – Yesterday

Why do you have two programs with different prices? Are the citizenships honorary or not? And who is Jimmy from Hong Kong? Out of all the formal citizenship by investment programs, we have found obtaining accurate and timely information on that of Vanuatu to be the most challenging. This, perhaps, has to do with its

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Vanuatu and China Close to Visa-Waiver Agreement, Vanuatu PM Tells Media

Prime Minister Charlot Salwai of Vanuatu has told local media that his countrymen will soon be able to visit China without a visa, and vice versa, according to reports in the Daily Post. The PM said citizens of both China and Vanuatu would “soon” be able to visit each others’ countries without arranging a visa

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Vanuatu Removes ‘Honorary’ Designation From Investors’ Citizenships

Individuals naturalized under Vanuatu’s Development and Support Programme (VDSP) – one of two concurrent citizenship by investment programs in the Pacific archipelago state – will no longer be “honorary citizens”. Whether they will now have the right to political participation remains unclear. Speaking to IMI during the Investment Immigration Summit in Dubai today, James E. Harris, Managing

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Vanuatu Sees Record CBI-Income, on Track to Equal 24% of Govt. Revenue

Last year, income from Vanuatu’s various citizenship by investment programs represented 16% of government revenue, more than twice the figure projected in the 2017 budget. This year – if Q1 data is anything to go by – that share will reach 24%. According to a report published in Vanuatu Business Review (VBR), the government’s CBI-related

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A History of Citizenship by Investment – Infographic

From Saint Kitts & Nevis in 1984 to Jordan, Moldova, and Montenegro in 2018; we’ve made a step-by-step guide to the history of citizenship by investment programs. The infographic, originally published in June 2017, has been updated to reflect the new citizenship by investment programs in Moldova, Montenegro, and Jordan. We’ve also expanded it to include

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Why Does Vanuatu Have Several CIPs? And What do They Really Cost?

Vanuatu, an island nation in the Pacific home to some 270,000 ni-Vanuatu – the demonym used for nationals of that country – has (at least) two official citizenship by investment programs, with different terms and conditions. What’s going on? Combined revenue from the programs accounted for 16.1% of all government revenue in 2017, or about

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Several Successful Cases of Citizenships for Bitcoin Already, Says Vanuatu Information Centre Boss Harris

During an exclusive interview with Investment Migration Insider, head of the Vanuatu Information Centre, James Harris, revealed three separate pieces of major news: One, the price of the Vanuatu Development and Support Programme (the DSP, effectively a CIP) has been reduced. Two, his office has already successfully processed several cases of citizenship by investment in Vanuatu with

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CIP-Crypto Romance Continues as Dubai-Firm Opens for Payments in Digital Currency

Dubai-based investment migration firm Brookes and Partners yesterday revealed they would begin accepting payments for their citizenship and residence by investment-related services in Bitcoin, Ether, Litecoin, and Ripple. The decision to facilitate crypto-payments, CEO Gareth Brookes told Investment Migration Insider, came partly as a result of requests from clients, which have been increasing in frequency

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Vanuatu Can Rival Caribbean CIPs, But Can’t “Keep Changing Every Few Months” says Arton Capital MD

Philippe May, Managing Director of Arton Capital’s Singapore office, thinks Vanuatu’s citizenship program could be a serious contender to its Caribbean competitors, if only they could sort themselves out. “Vanuatu has the potential to run an attractive CIP. Its geographic location is greatly convenient for Asian investors, and there is no competition in the Pacific

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Clarifications on the Vanuatu DSP’s Bitcoin Adoption

News of the Vanuatu Development Support Program’s decision to accept payments in bitcoin caught the world’s attention this last week. The hitherto obscure island nation is now mentioned in the same breath as Switzerland, Estonia, Japan, Australia and other countries of the cryptocurrency vanguard and the country has established itself virtually overnight as a tech-friendly

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Cryptocurrency Payments Are the Solution to the Caribbean’s Correspondent Banking Problem

Opinion of the editor: The week before last, in Bangkok, I had several days of meetings with the government of Vanuatu, the Vanuatu Information Centre and blockchain-based due diligence firm KYC-Chain. To make a long story short, I was able to clarify to some members of parliament of the tiny Pacific nation why deciding to

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Vanuatu Citizenship Program to Accept Bitcoin Payments, Pilot Block Chain-Based Due Diligence

Press Release: Vanuatu DSP to Accept Payment in Bitcoin  The Vanuatu Information Centre (VIC) is pleased to convey that, effective immediately, applicants to Vanuatu’s DSP Citizenship Program will have the opportunity to make payments in Bitcoin, through the Vanuatu Information Centre. The Government of Vanuatu, represented by Parliamentary Secretary to the Prime Minister, Hon Andrew

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