Vanuatu's allure lies in its diverse geography, encompassing pristine beaches, lush rainforests, and active volcanoes. The Yasur Volcano, an iconic natural wonder, attracts thrill-seekers with its fiery displays. The underwater world surrounding the islands is a marine marvel, teeming with vibrant coral reefs and an array of aquatic life.
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Driven by tourism, real estate, and financial market sectors
Eastern Caribbean dollar
Tourism thrives in Vanuatu, drawing visitors with events like the Vanuatu Aelan Walkabaot Festival and the Nagol Land Dive. The nation's commitment to sustainable tourism earned it accolades such as the 'Pacific's Leading Sustainable Tourism Destination.'
For investors, Vanuatu presents enticing opportunities. The Vanuatu Investment Promotion Authority facilitates business expansion, while the Vanuatu Citizenship Program appeals to high-net-worth individuals, offering opportunities to invest in a second passport with benefits like tax exemptions, Vanuatu citizenship and visa-free access to 130+ countries, including the European Union.
Here are some quick facts you should know before relocating to St. Kitts & Nevis to understand the country better.
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Nestled in the Pacific Ocean, Vanuatu is a Y-shaped archipelago with 83 islands of volcanic origin. Vanuatu covers an area of approximately 12,274 square kilometers with limited land surface. Around fourteen islands have a surface area of more than 100 square kilometers. Mount Tabwemasana is the highest point in the country at 1,879 meters high.
Port Vila
Port Vila , the largest city in Vanuatu, is also the capital located on the island of Efate. It is the economic and commercial center of the country, as well as an important habour. Tourism is an important contributor to the economy with the country’s rich colonial history offering numerous architectural places of interest. The Vanuatu National Museum is located here that strives to preserve and promote various aspects of local culture.
Luganville
The second largest city in Vanuatu, Luganville in located on the island of Espiritu Santo. The city served as a military base during World War 2 with the South Pacific WWII Museum preserving the South Pacific region’s World War Two history. The Reserve Bank of Vanuatu, Wanfuteng Bank, the National Bank of Vanuatu, Bank South Pacific, BRED Bank, and ANZ Bank are located in Luganville. Higinson is one of the main ports.
Vanuatu has regular international and regional flights from its two airports. Cruises also provide access to the island.
The government maintains a quality road network across the island. Buses, taxis and rental cars are convenient modes of transport. Drivers with an International Driver’s Permit can drive in Vanuatu for three months only following which they are required to get a Vanuatu driving license.
Vanuatu's financial landscape is marked by a strategic engagement with regional and international financial institutions. As a member of the Pacific Financial Technical Assistance Centre and the International Monetary Fund (IMF), the nation demonstrates commitment to financial stability and development. The country's robust banking system, which adheres to international standards, ensures a secure and efficient financial environment for both residents and investors. Vanuatu's financial strategy, combining global affiliations, CBI incentives, and a well-regulated banking sector, positions the nation as an attractive destination for those seeking financial opportunities in the Pacific region.
Notably, Vanuatu's Citizenship by Investment (CBI) program adds a unique dimension to its financial ecosystem, attracting global investors seeking economic citizenship. This initiative offers advantages such as visa-free travel to numerous countries and a favorable tax environment. To open a bank account in Vanuatu, individuals must adhere to specific requirements. Non-residents typically need to provide:
Vanuatu's health care system revolves around a network of hospitals and facilities catering to the diverse health needs of its population. The main referral hospital is Vila Central Hospital in Port Vila, equipped with essential medical services. Additional health centers are spread across the islands, ensuring accessibility. While the healthcare infrastructure faces challenges, efforts are ongoing to enhance services and facilities, reflecting the government's commitment to the well- being of its people in this Pacific island nation.
Vanuatu's educational landscape reflects a commitment to accessible learning. Primary education is free for children up to grade 6. Various primary and secondary schools, both public and private, are spread across the islands, ensuring a comprehensive educational foundation for the diverse population of Vanuatu. Key institutions include the University of the South Pacific with a campus in Port Vila and the Vanuatu Institute of Technology plays a vital role in technical and vocational education.
The Vanuatu Citizenship by Investment program requires a minimum non-refundable donation of US $130,000 to the Vanuatu Development Support Program for a family of up to four applicants. The contribution for investment will vary depending upon the number of applicants and their ages.
The requirements for becoming a citizen include the applicant be of good character, demonstrate evidence of a clean criminal records, have no outstanding visa refusals, and be willing to donate to the Vanuatu Development Support Program.
It takes up to two months, provided the application for citizenship is accurate and complete in all aspects.
The primary applicant’s spouse, children not older than 26 years, and, elderly parents above the age of 50 years can be included in the application.
Applicants do not require an interview, language test, education or management experience for obtaining their citizenship.
Yes, Vanuatu provides a biometric passport, known as an e-passport.
An issued Vanuatu passport is initially valid for five years for individuals aged 18 years and above, followed by ten years upon renewal.
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