Thursday, November 14, 2024

Vanuatu to cut prices for citizenship program

Vanuatu’s Development Support Program is about to introduce a major change.

The price of the Vanuatu citizenship under the DSP program is to be reduced significantly (roughly about 25-30%) to make the program more competitive on the global market. There are also a number of other improvements in the program to come into effect after the official announcement by the Government (expected in May 2018).

We expect a new spike of interest in the DSP program from clients around the world after the price change, and intent to support our partner agencies in major markets with a new marketing campaign and a number of promotional initiatives, said FPF International, a company promoting DSP program in a newsletter.

Vanuatu DSP program investment minimum stands at $220,000 which is way higher than the Caribbean programs which only cost $100,000 for Antigua, St lucia, Dominica passports. The costs for Vanuatu passport obtained through DSP program are as follows:

  • Single Applicant USD 220,000.
  • Family Applicant (up to 4 direct family members*) USD 280,000. Family members means spouse, children below age 18, dependent children to age 25, and dependent parents

Vanuatu passport has Visa-free access to 125 countries – UK & whole of Europe, Russia, Hong Kong, Singapore. Last year, the Government of Vanuatu made it clear, that they will not accept bitcoins for the DSP citizenship program.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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