Vanuatu Eyes Record CBI-Revenue in 2019, Reaching 75% of Budget Target by End of AprilAugust 5, 2019
In the first four months of 2019, revenue from Vanuatu’s two citizenship by investment programs nearly equaled the amount raised in all of 2017.
The Vanuatu Treasury’s monthly reports show the government’s CBI-receipts had reached VT 3.4 billion (about US$29 million) by the end of April 2019. That’s almost as much as the total for 2017 (US$31.6 million), 19% more than all of 2016, and 4.8% more than during the same period last year.
With two-thirds of the year still ahead, the government has already reached 75% of its 2019 budget target of VT 4.5 billion, continuing the trend of outperforming its own estimates. Vanuatu’s government, however, is not alone in its tendency to under-project program revenue; just two months ago, the IMF forecast a 72% drop in CBI-income for 2019, a prognosis that so far appears wildly inaccurate.
Want to know more about Vanuatu Citizenship by Investment? To see statistics, recent articles, official links, and more, visit the Vanuatu Citizenship by Investment Program Page.
The Vanuatu Daily Post calculates that for every three million the government earns from CBI, agents make two. This would bring total CBI-revenue to about US$50 million in the first third of 2019.
Hundreds of companies can assist with applications for Vanuatu citizenship by investment. To see which ones, visit the Residence and Citizenship by Investment Company Directory.
The Treasury does not distinguish between CBI revenue arising from the Vanuatu Contribution Program (VCP) and the Vanuatu Development Support Program (VDSP), but local agents have indicated that the former – which is a China-only program exclusively managed by a single concessionaire – is responsible for the lion’s share of CBI inflows.
More on Vanuatu Citizenship by Investment:
- Conspiracies and Foul Play – In Candid Letter, HK Lawyer Answers Long-Standing Questions on Vanuatu Citizenship
- 3 Crucial Questions the Vanuatu Citizenship Commission Needs to Answer – Yesterday
- Harris: Vanuatu Government Addresses the “Multiple Citizenship Program” Paradox
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