Since its inception in January 2017, the Vanuatu Development Support Program (DSP) has gained major momentum in the CBI space, attracting denizens from across the world thanks to competitive pricing and tremendous tax benefits.
As the world’s eyes turn towards this Pacific Island nation, one of the few success stories emerging from the COVID-19 pandemic, there is concern about the level of transparency afforded to clients prospecting this program.
It is this very facet of the Vanuatu DSP program that Vancis Capital, authorized by the Government of Vanuatu, aims to address with the expansion of its offices into Dubai, one of the fastest-growing CBI markets in the world.
Headquartered in Port Vila, Vanuatu, Vancis Capital is jointly owned by Kalwatman Tom (Ni-Vanuatu citizen and founder), and is managed in Dubai by Dwayne Chauhan (Managing Director). With the opening of its new branch office in Dubai Marina, Vancis Capital is expanding its B2B business into the MENA region and Europe, partnering with established CBI firms and finding prospective partners among new CBI promoters across the world.
Dwayne highlights that his company’s vision is to “Bring the World to Vanuatu.” Echoing Vanuatu’s desire to attract the highest quality applicants from around the world to invest, live, and flourish in the island nation, his overarching vision is to create a network of partners across the globe who provide prospective applicants a streamlined journey to receiving their Vanuatu passports.
“More often than not, B2B partners are faced with wildly varying pricing, uneven timelines, and inordinate delays when dealing with inexperienced agents in the region, which puts them off the DSP,” he says.
“Our company policy is to provide transparent, fair, and effective pricing to all partners to help maximize their returns on each client they process. Our company processes most cases within 1-5 days for the FIU stage and within a month for the citizenship approval stage, primarily because we know what we are doing but also because we have the legal and administrative know-how to ensure that our clients are processed as quickly and efficiently as possible.”
Chauhan explains that there has been a great deal of consternation over allegations of promoters selling the Vanuatu DSP at prices lower than the minimum sales prices set by the Government. “Our aim,” he comments, “is to ensure that practices that undermine the spirit of the DSP are reported to the concerned authorities.”
Vancis Capital’s experienced multicultural, multilingual team of administrative officers and Government Liaisons are equipped to handle a high volume of clientele. Their connection with the Government of Vanuatu is wide ranging and far reaching, enabling them to handle applicants with all kinds of special requirements within the limitations of Vanuatu’s Citizenship by Investment Law.
Vancis Capital also provides unique services for Vanuatu Citizens including applications for birth certificate, driver’s licenses, National ID Card, name change, police clearance, PO BOX, offshore company setup and bank account setup.
All applications, including citizenship applications, are submitted online, through Vancis Capital’s secure application portal, significantly optimizing application timelines.
Vancis Capital is looking to partner with CBI companies in the Middle East and across the world, and promoting the Vanuatu DSP program to a wider global audience. CBI companies with existing Vanuatu DSP offerings and those currently not offering the Vanuatu DSP as part of their CBI portfolio can visit the Vancis Capital website, call at 00971 45 12 4117 / 00971 52 853 3729 email – email@example.com or reach out on Social Media (@vanciscapital) to find out more.
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