Obtaining UAE Residence and Vanuatu Citizenship – Investment Citizenship Programs for Quick Status Acquisition
Both programs are in high demand and popular among investors. Often, potential applicants spend a long time deciding which option is best for them, not fully understanding which program offers the most benefits.
Experts from the migration agency GARANT.IN have analyzed the conditions and advantages of each program.
Vanuatu
Investment – $130,000
Processing Time – 1-2 months
Vanuatu is a Pacific island country in Melanesia. Its "passport for investment" program has been operating successfully since 2017. Any adult resident without a criminal record and with legal income can become a citizen of this small country. Along with the investor, their spouse, children, and parents can apply for citizenship. There is no requirement to know the language, culture, or history of the country to become a citizen. Once the passport is obtained, there is no obligation to visit Vanuatu.
Advantages of Vanuatu Citizenship:
- Visa-free travel: With a Vanuatu passport, you can travel visa-free to around 100 countries (90 days within 180 days), including the UK (despite the suspension of visa-free entry to Schengen countries), Hong Kong, and Singapore.
- Expedited visa procedures: US B-1/B-2 visa for up to 10 years, Australian visa for up to 1 year.
- Main offshore hub in the Pacific region: There is no income tax, dividend tax, luxury tax, capital gains tax, or inheritance tax. The sales tax is 12.5%.
- Study opportunities in the UK: As a member of the Commonwealth, Vanuatu citizens can access various educational programs and scholarships.
- High data protection: Residents can be assured that their personal data, banking, and tax information are securely protected. The government is not authorized to transfer such information to other countries or notify the resident’s country about the issuance of a new passport.
- Access to international financial and banking systems: It is easy to open accounts in any currency – checking, savings, and debit accounts.
- Favorable tax regime: To optimize tax expenses, one can apply for tax residency, provided they spend 183 days per year in Vanuatu. By registering a company on the island, the owner is exempt from taxes for 20 years, paying a fixed annual contribution of $300.
- Inheritance of citizenship: Citizenship is passed down to descendants.
- Dual citizenship allowed: Vanuatu permits dual nationality.
- Easier legalization in Europe: With a Vanuatu passport, it is much easier to legalize residency in Europe and apply for residence permits in countries that do not accept applications from Russian citizens.
Who is Vanuatu Residence Suitable For?
Vanuatu is ideal for residents who require a high level of personal data protection as part of an international structure for asset optimization and protection. The islands have a population of 98.5% Melanesians and 1.5% Europeans, making it perfect for those working remotely. The nature and ecology are unique, with no industrial enterprises on the islands.
Living in Vanuatu is relatively expensive – rent starts from $700/month, and the cost of purchasing property starts from $42,000. Imported goods are also costly. The islands have around 100 hospitals and clinics, many of which are private. Over 100 schools operate, with most educational institutions located in the capital. Higher education is obtained in Australia and New Zealand.
UAE
There are several ways to obtain a UAE visa: through property investment, studying at a local university, freelancing, employment, or for retirees via the UAE’s retirement program.
Property Purchase Residence Visa:
- 2 years – property worth 750,000 AED (~$204,000)
- 10 years – property worth 2,000,000 AED (~$545,000)
An investor can buy property with a mortgage from an accredited bank in the Emirates, but the down payment must be at least 50%.
Since the UAE issues many types of visas, let's focus on the most popular one – the Golden Visa:
Golden Visa Benefits:
- Esaad Premium Card: The cardholder receives discounts, benefits, and access to various brands, discounts, and sales. Over 7,000 brands in 92 countries participate in this program.
- Access to medical insurance: An annual contribution starting from $650 provides access to a wide range of medical services. The UAE ranks among the top 15 in the world for healthcare quality.
- Favorable tax climate: There is no income tax, corporate tax, or property tax. Imports are not subject to VAT.
- Free Trade Zones: Companies can import, export, and produce products without paying customs duties or tax obligations.
- Access to international transactions: By opening an account in a UAE bank, owners can perform financial transactions in any currency worldwide and maintain separate accounts for savings.
- High-quality education system: The UAE’s educational system meets European standards, and courses are taught in English.
- No residency requirement: There is no obligation to live in the UAE full-time with a resident visa.
- Family eligibility: Not only the investor, but also their family can apply for the visa.
- Visa extensions: Despite the limited term, the UAE visa (similar to residence permits in other countries) can be renewed indefinitely as long as the applicant meets the visa requirements.
Who is UAE Residence Suitable For?
The UAE is a modern and developed country with a thriving industry and ample opportunities for international business. It offers a comfortable environment for people of all ages, as everyone can find work or leisure activities. High security, a favorable geographic location, and vast financial growth opportunities are important advantages.
Disadvantages of the UAE: The climate is harsh, with very hot summers and frequent sandstorms. Local legislation can be difficult for foreigners to navigate, and the noise level can be high.
Comparison of Investment Programs:
The entry threshold for Vanuatu is more accessible, but the investment is non-refundable. In contrast, in the UAE, purchased property can be sold for a profit.
The migration lawyers at GARANT.IN are ready to help you choose the best program for your needs, prepare the necessary documents, and review and draft contracts.
