The collection of revenue from Vanuatu’s Citizenship programs is slower this year, compared to 2020 around the same time.
Chairman of Vanuatu Citizenship Commission, Ronald Warsal, confirmed since an issue with the National Bank of Vanuatu (NBV), the payments are being delayed.
But applications received by the Commission remains at around 100 in a month, similarly to last year at this time. “There is no decrease,” Warsal said.
“Although funds are being delayed, they would pick up.
“Eventually, we would reach the target by the end of the year.”
In July, the government generated approximately Vt6 billion, according to Warsal.
So far, approximately 11,000 people have applied for Vanuatu citizenship under the citizenship programs.
This week, the Commission revoked the first ever citizenship application for a Syrian.
In its effort to tighten up the loopholes in this program, the Government is in the process to enter a contract with a European global firm to assist with due diligence and marketing of the program aboard.
Warsal confirmed the Council of Ministers (CoM) has approved this.