Wednesday, October 11, 2017

Vanuatu's Citizenship by Investment programme

The South Pacific island of Vanuatu has announced that it will accept Bitcoin for its  citizenship by investment programme. At current prices (October 2017) investors will need to pay a minimum of 43.6 Bitcoin. 

The island state re-launched its CBI programme in March 2017 and it is called the Capital Investment Immigration Plan. 

It offers a "honorary citizenship" to foreign investors against one time contribution to a government fund. A single applicant has to contribute $200,000 and a family of four with minor children about $240,000. Potential citizens don't have to live in Vanuatu or even visit the country to qualify. 

Vanuatu is a member of the Commonwealth and its citizenship provides investors with visa-free travel to 113 countries, including the UK and Schengen states. It also has no capital gains or income taxes. 

Read more on the Government of Vanuatu's website