With its powerful passport, Vanuatu has become one of the leading destinations to obtain a second citizenship. Currently, Vanuatu citizens are allowed to visit almost 150 countries and territories, without the need to obtain a visa prior to travel. Included within this is the freedom to travel to the United Kingdom for up to 6 months.
Since 1972, Vanuatu has built a global reputation, and is known for its offshore financial centre. There is no income tax, no corporate tax, and no capital gains tax. There are certain import duties, including: 15% VAT, tax on rental income, stamp duty on some property transactions and share transfers.
Vanuatu is a safe and stable country with a population of around 300 000 people. The local currency is Vanuatu vatu, but US Dollars are widely accepted, with currency exchanges available.