A Sudden Increase in Demand for Secondary Passports

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A Sudden Increase in Demand for Secondary Passports

One of the nations which are offering the second passport, Vanuatu, has recorded the record surge in demand for the second passport programme. The demand helped to cover about 80% of guaranteed income for the locals. The applicants are mainly from the EU, Russia, the UK, and Hong Kong. It costs USD $130,000 to get the Vanuatu passport. 80% of the payment going to the Vanuatu coffer.

Cyprus is also offering a passport for investment. The Russians and the Chinese have found the Cyprus passport for investment Scheme as a very attractive way to become EU citizens and enjoy all benefits that the EU passport offering.