A Guide to Paradise Living for the Golden Years
Retiring in Vanuatu
Have you ever longed to spend your retiring days in the tropics, facing turquoise waters while sipping a fresh pomelo juice? You’re in luck; your dream can come true. Thanks to the Vanuatu Citizenship by Investment Program, get a second passport and spend your retirement in one of the most beautiful countries in the world. By retiring in Vanuatu, endless sunshine, visa-free travels to 49 countries, including the UK, Singapore and Russia, and tax benefits are guaranteed!
Benefits of retiring in Vanuatu
1) Live on a paradisiac island
2) Relaxed lifestyle under the sun
3) Invest and get a second passport
4) Visa-free travel to 49 countries
5) Proximity with Australia, New Zealand and the Asia Pacific
6) Favourable tax regime
What does it mean to retire in Vanuatu?
Let us enlighten you if you are wondering what retirement in Vanuatu entails. Picture crystal clear blue waters, white-sand beaches, mesmerising coral reefs, and tropical weather. That’s Vanuatu for you. This country of 80 islands is called a paradise on earth for a reason.
Multiculturalism is beaming over here! While the main languages are Bislama, English, and French, there are over 110 spoken languages throughout the Vanuatu island chain.
Vanuatu’s favourable real estate market highlights the country’s positive outlook on foreign investment. There are no restrictions for foreigners wishing to purchase Vanuatu property and no tax on property. If you’re in to buy beachfront villas at low prices, Vanuatu is your place.
Pro Tip: A reliable rainwater tank and a backup power solution are not just amenities here; they are considered essential household infrastructure.
Vanuatu cost of living for retirees
Vanuatu’s cost of living is not cheap but affordable. Because the country is composed of small islands, it must import products from abroad, such as milk, cheese, meat, and clothes. As you can imagine, imported products are more expensive than average. However, goods produced locally are cheap. You’ll find plenty of delicious tropical fruits and vegetables at affordable prices — breadfruit, pomelo, lychees, banana, and rose apple, to name just a few.
If you’d like to rent property in Vanuatu, you can find a one-bedroom apartment in the city centre for $1,500 per month, or $900 if located outside the city centre. Are you looking for a bigger space? A three-bedroom apartment will cost around $2,600 in the city centre and $2,500 outside the city.
However, if you plan to retire in Vanuatu, we advise buying property. The real estate market in Vanuatu is just so attractive, and opportunities to get returns on your investment are real.
Vanuatu real estate investment
Whether you’d like a property in Vanuatu or as an investment, there are plenty of options to accommodate your needs. With a stable real estate market and many affordable properties for sale, Vanuatu is a great place to invest in.
What are you after? Brand new condo? Waterfront property? Family villas? You name it, Vanuatu has it all!
Vanuatu tax benefits of becoming a Vanuatu citizen
If you become a Vanuatu citizen, you’ll benefit from a favourable tax regime. Therefore, getting a Vanuatu passport is an excellent ‘plan B’ for individuals who’d rather keep their savings than spend them on taxes. Vanuatu has no income, capital gains, or estate taxes; no wealth, gift, or other personal income taxes.
How to get citizenship in Vanuatu
The best option to get citizenship in Vanuatu is to apply to the Vanuatu Citizenship by Investment Program. In just one to two months, get a Vanuatu passport in exchange for a donation of at least $130,000 to the Vanuatu’s local development fund. The Vanuatu passport will give you visa-free access to 49 countries — including the UK, Singapore, Hong Kong and Russia. You’ll also be able to spend up to six months in the UK without applying for a visa.More on Vanuatu…
Frequently asked questions about retiring in Vanuatu
Yes, I can retire in Vanuatu! Thanks to the Vanuatu Citizenship by Investment Program, you can now acquire Vanuatu citizenship in exchange for economic investment.
To get the Vanuatu passport via the Vanuatu Citizenship by Investment Program, you’ll need to donate at least $130,000 to the Vanuatu local development fund and show that you have at least $250,000 in your bank account.
The cost of living in Vanuatu is not cheap because Vanuatu imports many products. However, it is affordable, and the big plus is that you can purchase dream properties at very reasonable prices in Vanuatu.
In Vanuatu, there are no income, capital gains, or estate tax, as well as no wealth, gift, or other personal income taxes
