[ad_1]
Port Vila, Vanuatu, January 14, 2022 /PRNewswire/ –Republic Vanuatu Already severely affected by the pandemic and ongoing natural disasters, its growth rate has shrunk and fiscal balances have dried up. The International Monetary Fund (IMF) has acknowledged the importance of its Citizenship by Investment (CBI) program, noting that the program’s income is equivalent to nearly 50% of the country’s income.
Understanding the importance of the program and its impact on the country, the current government has taken a proactive stance to review and re-evaluate the program’s architecture to ensure a strong product is delivered, economic growth for the people of Vanuatu and increased security and protection for the international community . Given that this is at the forefront of the government’s intentions, Citizens Committee Great strides have been made in identifying the risks of the program. This has led to decisive action by the government with more aggressive due diligence and simplified citizenship procedures.
In line with the country’s goals, the government has officially completed its collaboration with FACT UK, its first international due diligence service provider, the UK agency. The company is the first of several leading global…
The full story is available on Benzinga.com
[ad_2]
Source link
