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Why the Vanuatu Citizenship Is the Best for Crypto Entrepreneurs

    Vanuatu launched its Citizenship by Investment program in January 2017 along with the Development Support Program (DSP). Vanuatu has the only Citizenship by Investment Program in the Asia-Pacific.

     

    Located near Brisbane, Australia, Vanuatu is a nation in the Pacific Ocean, comprising 83 islands, with a total land area of 14,700 square kilometers, and territorial waters extending to 450,000 square kilometers. Home to some of the world’s most amazing, and pristine beaches, lush, astounding forests, and majestic landscapes, Vanuatu is a tropical paradise attracting tourists and investments from around the world.

    Benefits of Vanuatu Citizenship 

    • Vanuatu provides visa-free travel to several countries, including the UK, Hong Kong, Singapore, Russia, and an e-visa to Australia and New Zealand.
    • It is the quickest way to secure Citizenship in the world today, and most applicants receive Citizenship approval within 45-60 days from the date of submission.
    • Vanuatu has no income tax, wealth tax, capital gains tax, or inheritance tax.
    • Spouses, children, and dependent parents can be included in a single application.
    • It is also possible to add on family members after the main applicant is granted Citizenship.
    • Citizenship by descent to future generations.
    • Well positioned geographically for individuals looking to do business in the South Pacific.
    • No restrictions on dual citizenship.
    • No minimum stay requirement.
    • Live and Work anywhere in the CARICOM Region via the Commonwealth of Nations Membership.

    Tax Benefits

    • Vanuatu is a low tax jurisdiction, offering a myriad of tax planning, wealth, and asset protection advantages to its citizens.
    • Personal Income Tax Rate - 0%
    • Capital Gains Tax Rate - 0%
    • Investment Income Tax Rate - 0%
    • Property Tax - 0%
    • Inheritance Tax - 0%
    • Net Worth Tax - 0%

    Vanuatu-citizenship-for-crypto-investors

    Advantages for Crypto Entrepreneurs in Vanuatu

     

     

    In 2021, Vanuatu introduced the Financial Dealers Licensing (Amendment) Act No. 9 of 2021, providing for the issuance of an additional class of license (Class D) to trade in digital assets. The Vanuatu Financial Services Commission (VFSC) considers as a Digital Asset, any token in electronic/binary form which is representative of either the holder’s access rights to a service or of the ownership of an asset. A Digital Asset, in this respect, includes a digital representation of value which:

    • Is used as a medium of exchange, a unit of account, or store of value but which is not legal tender, even if it is denominated in legal tender.
    • Represent assets such as debt or equity in the promoting company; or
    • Provides access to a block chain-based application, service, or product.
    With this new law, Vanuatu provides legitimacy to crypto investors globally, looking to move their tax residencies to Vanuatu, an almost entirely tax-free nation (save for the very limited scope application of service taxes on products purchased onshore in Vatu currency)


    Fastest Citizenship program in the World (5-10 days for FIU approval and 45 - 60 working days for Citizenship Approval).

    Through our Vanuatu based partners, we can facilitate the following services for applicants wishing to invest in cryptocurrency:

    • Payment for Vanuatu Citizenship in crypto (BTC and USDT, other coins with less volatility can be accepted on a case-to-case basis).
    • Services enabling crypto asset holders to open Financial Trusts in Vanuatu for holding large capital reserves. 
    • Services enabling crypto traders to open high-frequency trading accounts under the Financial Dealer License Category D as described above. 
    • Opening of Offshore Bank accounts in Vanuatu (an entirely remote process is possible).
    • Facilitates applications for National ID, Driver's License, PO Box, Registration of Birth, and Police Clearance Certificates. 

    Vanuatu allows for the holding of large capital reserves in foreign currencies; there is no need to convert to the native Vatu currency.

    Vanuatu is a Zero Tax country with no taxes on wealth, income or inheritance. 

    Vanuatu is fast becoming a crypto-focused nation with the establishment of Satoshi Island, the world's first crypto-focused island development project. 

    Contact us today and find out more about this unique investment opportunity.

    Get in Touch! 

    Vicky Katsarova

    A citizen of the world in every sense of the phrase, Vicky has done her fair share of traveling. Born and raised in Bulgaria, she spent 10 years living and working in Abu Dhabi before settling down with her family in Nova Scotia, Canada. And it’s only fitting for the CEO and founder of High Net Worth Immigration to be an avid globetrotter—her extensive travels have given her deeper insight and understanding into her clients’ needs.