If you’re in the market for a new or additional place to call home, it has been announced that you can now buy full citizenship of the tiny island nation of Vanuatu for US$200,000, or around 44 Bitcoin.
Vanuatu is located in the South Pacific Ocean, and is known for its deserted beaches, ancient culture, remote and rugged islands and world-class diving. The scattered 80-plus island archipelago, which is Y-shaped and of volcanic origin, is approximately 12,274 sq km in size with approximately 4000 sq km of land surface. There is about 1300km between its most northern and southern islands, and 65 of them are inhabited. It is located 1750km east of northern Australia and 540km northeast of New Caledonia.
There are several active volcanoes in Vanuatu, and its rainforests are recognised as a distinct terrestrial eco-region. If you’re seeking a warmer climate, you might be attracted to Vanuatu as its climate is tropical, and it enjoys about nine months of warm to hot rainy weather and three to four months of cooler, drier weather per annum.
Vanuatu’s announcement that it will accept payments in Bitcoin makes it the first country to accept the crypto-currency and digital payment system in return for citizenship. As Bitcoin is currently trading at $4581, you could buy citizenship for just under 44 Bitcoin or $200,000.
Vanuatu is a member of the Commonwealth, an intergovernmental organisation of 52 member states, the majority of which are former British colonies. Citizenship will provide visa-free travel to 113 countries, and citizens enjoy low taxes and are not required to pay capital gain or income taxes. Potential citizens don’t need to live in Vanuatu or even visit the island nation, but when you see how beautiful it is, sure why would you want to stay away?