fbpx

Proposed partial Suspension of Schengen Visa and Program overhaul

Your search results
Posted by Roy Weatherby on 23 February 2022
0

Proposed partial Suspension of Schengen Visa and Program overhaul

In the wake of the European Commission’s proposed partial suspension of the Schengen visa waiver agreement with Vanuatu announced January 12, two days later the Vanuatu government announced that it is undertaking a complete review of its Citizenship by Investment (CBI) program in terms of both due diligence and marketing.

To this end the Vanuatu Citizenship Commission has appointed FACT UK, the Due Diligence Service provider. FACT has also been commissioned to conduct retroactive due diligence checks on all successful applicants since 25 May 2015.

The partial suspension would affect all passport holders who acquired citizenship from 25 May 2015. The Commission announced that, if the decision is taken to proceed with the partial suspension, should Vanuatu introduce measures that would reduce the risk to the EU the partial suspension would be lifted.

Vanuatu’s CBI program is extremely importance to the country’s economy and stability. According to the International Monetary Fund (IMF) the program accounts for approx. 50% of the country’s revenue.

To learn more about the Vanuatu Citizenship program visit the Vanuatu information page and read about its many benefits.

Apply for Citizenship by Investment in Vanuatu

Please contact us if you have any questions or require further information relating to; the different citizenship by Investment program options available or require a personal quotation sheet for individual or family Citizenship applications.

Alternatively, connect to our team via WhatsApp or Facebook Messenger.

Proposed partial Suspension of Schengen Visa and Program overhaul - The Overseas Investor Proposed partial Suspension of Schengen Visa and Program overhaul - The Overseas Investor

The Overseas Investor can introduce you to our recommended Vanuatu Lawyer who is a Licenced Local Agent for the Citizenship by Investment program for Vanuatu. We are also here to assist each client throughout the whole legal process.

Compare Listings