Vanuatu, world’s first county to accept bitcoin for its citizenship program

[tomahawk9]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

[aardvark15]

Next goal. 44 BTC to enjoy an island life:) I´ll google vanuatu to see if it worth leaving there or just a nice place to go for a week vacation.
In portugal they are selling visas for 500.000 euros in real estate:) maybe they shift to BTC as well:)

That’s a lot of money and a lot of Bitcoin for citizenship. But it is good advertisement for Bitcoin and helps to legitimize it (even though we already know it’s legitimate).

This is also a good investment by the country of Vanuatu. They  are potentially gaining an investment that will grow to great wealth in a few years. They could be gaining much more than $200,000 if people actually pay with Bitcoins. In fact 44 Bitcoins is already worth quite a bit more than that now.

[darkangel11]

Lol. 200000 dollars to obtain citizenship of the island nation. I don't know what idiot will pay this amount. I think this advertising campaign in order to let people know about the existence of Vanuatu. Easier this amount to invest in business in America and obtain the right of permanent residence in this country. But the fact that Bitcoin lately does not leave the line of the news is good.

The easiest way would be to go to a country that doesn't tax BTC or to a country with low income tax. For instance there are countries that require you to pay 30% while some take 0%! Yes, that's really a thing there are countries with no income tax. Some have incredibly low income tax like Bulgaria with its 10%. I mean I wouldn't cry if I could legally earn millions and pay only 10% tax. Vanuatu with its 200k just doesn't look competitive anymore.

[seizetehday5]

Wow hilarious news coming out of Vanuata. They recently denied those reports but I wonder if they did so only to hush down the fact that they are accepting citizens for 200k. One thing I fail to understand is why somebody

would actually do this...is there something to gain by doing this? I gotta look into this further because unless your rich and want it I cant see a valid reason to give an island country 200k for citizenship.

[erre]

I think the only reason for it could be that vanauata is some sort of fiscal paradise, so for a whale could be convenient to "buy" a citizenship to cash out hos btc.

Still, it dosen't seems a big deal

[NavI_027]

Good news that they're country now engaged and accept bitcoins, this would be the stepping stone for unlocking the other potentials of bitcoin.

But I wonder, why is it only used for exchanging citizenship? And what are the benefits a person get if he/she became a citizen of Vanuata? (maybe their country is lack to manpower)

[Monnt]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

Lmao…you killed it all lol.

I was even thinking the same thing; who is even interested to buy a citizenship for such a country at such rate of $200,000, What the hell ?

I have never heard of the country before, this is even my first time of knowing about it.

[Almat]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

I'm sure it doesn't make sense to us normal people, but I imagine that is a small amount to the truly rich. They might want a new citizenship for some reason, and it's always nice to have that option. But yeah, there doesn't seem to be any news about anyone biting on their offer. It's pretty funny.

[haroldtee]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

I'm sure it doesn't make sense to us normal people, but I imagine that is a small amount to the truly rich. They might want a new citizenship for some reason, and it's always nice to have that option. But yeah, there doesn't seem to be any news about anyone biting on their offer. It's pretty funny.

Trust me, even the rich ones know how to spend their money better. Maybe I am wrong, but what are the opportunities you can really derive from being a citizenship of Vanuatu? May be that is where we should even start from first.

1. maybe because it is a place with no income tax. Hmm... that may be one good reason anyway.
2. Visa-free to 123 countries including 26 in the schengen zone of Europe (Now I am liking this the more).
3. Noted as the happiest place on earth (cannot still consider this as a huge benefit yet)

Well maybe, it may be worth it anyway most especially looking at 1 and 2. It is their law and they are really not begging anyone to or not to, but I feel there are still some benefits to gain here for someone with some bux to dash out. Checkout https://www.huffingtonpost.com/charmaine-belonio/could-vanuatu-be-the-best_b_9720004.html for reference of some of the benefits.

[Semar Mesem]

I am glad to hear that, Vanuatu is a beautiful country with a port port villa, I've been there about 8 months and I think this is a good move to make bitcoin for its citizenship program.

[coinplus]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

This is not being disrespectful. It is just being realistic. It is a pretty huge sum of money normally and I do not see why I will have to pay that huge sum of money for citizenship if I do not have much to gain. Like you said, it is a remote island and it seems apart from tourism, the main occupation there is fishing, and I really do not know how an investor will fit in pretty quick with that except probably for vacations which I can easily get a visa for anyway.

[BitSat]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

Lmao…you killed it all lol.

I was even thinking the same thing; who is even interested to buy a citizenship for such a country at such rate of $200,000, What the hell ?

I have never heard of the country before, this is even my first time of knowing about it.

I am also reading first time we have country with this name in this world its interesting they are selling citizenship but cost is very high because we have some better countries with very less investment and too many opportunities its just wast of money need to do some research for better investment like this

[Skyborn]

I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
 I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.

I'm sure it doesn't make sense to us normal people, but I imagine that is a small amount to the truly rich. They might want a new citizenship for some reason, and it's always nice to have that option. But yeah, there doesn't seem to be any news about anyone biting on their offer. It's pretty funny.

Trust me, even the rich ones know how to spend their money better. Maybe I am wrong, but what are the opportunities you can really derive from being a citizenship of Vanuatu? May be that is where we should even start from first.

1. maybe because it is a place with no income tax. Hmm... that may be one good reason anyway.
2. Visa-free to 123 countries including 26 in the schengen zone of Europe (Now I am liking this the more).
3. Noted as the happiest place on earth (cannot still consider this as a huge benefit yet)

Well maybe, it may be worth it anyway most especially looking at 1 and 2. It is their law and they are really not begging anyone to or not to, but I feel there are still some benefits to gain here for someone with some bux to dash out. Checkout https://www.huffingtonpost.com/charmaine-belonio/could-vanuatu-be-the-best_b_9720004.html for reference of some of the benefits.

I agree that I don't think a lot of people will take advantage of this. Of course it's nice to have their citizenship and not need a visa for nearly any country in the world. But also for quite a hefty price. Maybe some people who have become incredibly rich off of bitcoin. They could be interested but that's already a very niche group that you are targeting. Nevertheless, it's a nice gesture.