Golden Passport

  • The Vanuatu government recently cancelled the passport of former IPL chief Lalit Modi, stating that avoiding extradition is not a valid reason for citizenship.
  • Lalit Modi had obtained Vanuatu citizenship through its Golden Passport/Fast-Track Investment Programme.
  • Vanuatu’s Citizenship by Investment (CBI) programme allows wealthy individuals to purchase citizenship, commonly referred to as the 'Golden Passport.'
  • The programme is considered the fastest and simplest citizenship scheme, requiring minimal documentation, all of which can be submitted digitally.
  • As a tax haven, Vanuatu imposes no personal income tax, capital gains tax, or inheritance tax, making it appealing to high-net-worth ....
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