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flag Vanuatu’s citizenship program exceeded revenue forecasts in 2024 despite EU sanctions and corruption concerns.

flag Vanuatu’s citizenship-by-investment program generated 24.3% more revenue than forecast in 2024, with around 2,000 foreign nationals granted citizenship, despite losing EU visa-free access and remaining on the EU’s anti-money laundering blacklist. flag The program continues to attract applicants from China, Indonesia, Russia, and elsewhere seeking fast citizenship, global mobility, and tax benefits. flag However, ongoing issues include restricted foreign currency transfers—limited to Japanese yen due to lost correspondent banking relationships—and a government-commissioned corruption inquiry that remains unpublished, fueling public distrust. flag The government has strengthened oversight and compliance measures, including updating laws and bolstering its Financial Intelligence Unit, while agents maintain the program remains one of the fastest routes to citizenship globally.

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