After an exhaustive revision and voting process, the possibility of obtaining Vanuatu Citizenship through a Real Estate Option has been finally approved by the Parliament by majority, with a ten-vote gap 27 to 17 votes that represents a new opportunity for Vanuatu to continue growing from an economic perspective.
The Prime Minister has clarified that this is not the first time that there has been a Vanuatu Citizenship by Real Estate Investment. In fact, the Real Estate Option Program existed in 2014 but for various reasons the following year the Parliament had to cancel it.
The decision to bring this program back will greatly benefit Vanuatu with the attraction of potential investors to the country providing a significant growth in the Real Estate sector. Investors interested in obtaining Vanuatu Citizenship by REO, will be able to participate in the building and expansion of existing health and education facilities. This will create more job opportunities for local people, as well as providing the support to development of a better quality of life in the country.
The Vanuatu Citizenship by Investment Program has not only allowed Vanuatu to stay afloat during the Covid-19 pandemic, but it has also given Vanuatu financial freedom and independence, as well as global awareness due to the exposure that the DSP program has been experiencing during the last 2 years.
The new Vanuatu Citizenship by Real Estate Investment option is expected to be a successful initiative as long as all appropriate measures are taken by the Vanuatu Government when evaluating the background of all participants involved, to ensure the credibility and success of the new Real Estate Option.
Source: Christian Henrik Nesheim. “Vanuatu Parliament Passes CBI Real Estate Option with Comfortable Margin”. April 28, 2021: https://www.imidaily.com/program-updates/vanuatu-parliament-passes-cbi-real-estate-option-with-comfortable-margin/