The Vanuatu Citizenship by Investment (CBI) program has gained popularity in recent years, offering fast-track second citizenship for those willing to invest. For individuals seeking greater global mobility or access to financial benefits, the appeal is real. But what if you don’t have the full amount upfront? Some people turn to borrowing money to fund their Vanuatu passport application. While this can be a smart strategy for some, it comes with serious considerations.
Let’s break down the pros and cons of borrowing to secure a Vanuatu passport.
✅ Pros
1. Access to Global Opportunities
With a Vanuatu passport, you gain visa-free or visa-on-arrival access to over 90 countries, including the UK, Hong Kong, Singapore, and Russia. If your current passport is limiting your travel freedom, borrowing may be a way to unlock doors faster.
2. Fast Processing Time
The Vanuatu CBI program is one of the fastest in the world, often granting citizenship in 1–2 months. Borrowing the needed funds means you can benefit from this speed, especially if time is a factor for your plans.
3. Investment in Personal Freedom
For some, securing a second passport isn’t just about travel—it’s about insurance against political instability, economic limitations, or restricted freedoms in their home country. If borrowing is the only barrier, the long-term value may outweigh the short-term debt.
4. Business and Tax Advantages
Vanuatu has no income tax, wealth tax, or capital gains tax. For entrepreneurs, digital nomads, and investors, this passport can provide meaningful tax planning opportunities that could make the borrowing worthwhile in the long run.
If you need an explanation on writing your CV, Cover Letter and Email Template or help applying speak to Happy Face
⚠️ Cons
1. High Upfront Costs
Even with financing, the required donation for a single applicant starts around $130,000 USD, not including processing and due diligence fees. Borrowing such a large amount could create significant long-term debt if not managed properly.
2. Risk of Debt Burden
Taking a loan or financing plan to get citizenship means committing to monthly payments, interest rates, and financial pressure. If your income becomes unstable or you experience unforeseen financial issues, this debt can quickly become overwhelming.
3. Questionable Return on Investment
Unlike real estate-based citizenship programs, Vanuatu’s program requires a non-refundable donation to the government. That means there’s no asset to resell or recover funds from later—making it a one-way financial decision.
4. Limited Mobility Compared to Other Passports
While the Vanuatu passport does offer solid travel perks, it doesn’t include visa-free access to the U.S., Canada, or the Schengen Area—something other CBI programs do offer. If global mobility is your goal, this may limit the passport’s value relative to the amount borrowed.
5. Reputational Risks
Some financial institutions and jurisdictions have raised concerns over CBI programs. Borrowing to obtain a second passport could raise questions from banks or immigration authorities in certain countries, especially if it’s not disclosed properly.
If you need an explanation on writing your CV, Cover Letter and Email Template or help applying speak to Happy Face
