An island country located in the South Pacific Ocean, this nation lies east of Australia and north of New Zealand. The country does not have income tax and offers a citizenship-by-investment programme, which allows foreigners to obtain citizenship in exchange for a financial contribution.
Which one of the following best matches the description given above?

The correct answer is option 2. 

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• Vanuatuan PM orders cancellation of passport issued to fugitive Lalit Modi.

Key Points

​Vanuatu:

• Geography:
  • An island nation in the South Pacific Ocean.
  • Located east of Australia and north of New Zealand.
  • Comprises 83 islands, of which 65 are inhabited.
• Capital & Currency:
  • Capital: Port Vila (located on Efate Island).
  • Currency: Vanuatu Vatu (VUV).
• Government & Economy:
  • Type: Parliamentary democracy, gained independence on July 30, 1980.
  • Main sectors: Agriculture, tourism, and offshore financial services.
  • No income tax, withholding tax, capital gains tax, or inheritance tax.
  • Offers citizenship-by-investment for a minimum financial contribution of $150,000 USD.
• Tourism & Attractions:
  • Home to active volcanoes, including Mount Yasur, one of the world’s most accessible active volcanoes.
  • Vanuatu passport holders can travel visa-free to 56 countries.
    • Hence, option 2 is correct.