Vanuatu status is becoming more and more sought-after, which can be used for children to study in international schools, overseas asset planning, third-country transit travel, Hong Kong investment immigration applications, etc......
Since the launch of the Vanuatu green card program, it has been favored by many overseas people by virtue of the unique advantages of the project, but many people can't tell the difference between Vanuatu's green card and passport.
Vanuatu Green Card vs Passport
Getting a Vanuatu green card does not mean that you can get a passport and become a citizen, a green card is only a permanent resident status, and does not change the original nationality.
Green card holders can enjoy the right of permanent residence in Vanuatu and enter and exit the country freely without any visa, while holding a Vanuatu passport means that they are citizens of the country and can enjoy the corresponding civil rights and obligations.
The Vanuatu green card is valid for 10 years, after which it needs to be renewed, and if you have lived in the country for 10 years, you can apply for naturalization.
Differences in application requirements
Vanuatu Green Card Application Requirements:
- The main applicant must be at least 18 years old;
- No criminal record;
- Health examination certificate;
- Proof of assets of $350,000;
- Spouse and unmarried children under the age of 18 can be brought with them;
Vanuatu passport application requirements:
- The main applicant must be at least 18 years old;
- No criminal record;
- Spouse and children under the age of 18, or unmarried children aged 18-25, and parents over the age of 50;
- Donate to Vanuatu:
• Individual donation: $80,000;
• Husband and wife donations: $100,000;
-- Donation for a family of three: $115,000;
-- Donation for a family of four: $130,000;
As for how to choose a Vanuatu green card and passport, this should be judged entirely according to the needs of the individual.
For example, if the applicant considers the education of his or her children more, it will be more appropriate to apply for a green card, and the children can obtain the status of overseas Chinese students, apply for the overseas Chinese joint examination or study in international schools, and of course, it can also be used as a springboard to handle Hong Kong investment immigration;
If you have frequent travel abroad or business needs, the Vanuatu passport is advantageous, visa-free including Singapore, Malaysia and other countries, transit in third countries, overseas asset allocation isolation, and children are enrolled in Qingbei famous schools as foreigners.
In the face of the complex economic environment, it is necessary for the middle class and high-net-worth individuals to take precautions and choose a backup second home in special circumstances in advance.