Latest news with #CNOFutureFund
Yahoo
28-05-2025
- Business
- Yahoo
VIMB Emerges as Premier Agent for Vanuatu Citizenship
Photo Courtesy of: VIMB PORT VILA, Vanuatu, May 28, 2025 (GLOBE NEWSWIRE) -- Following a comprehensive review by the Government of Vanuatu into the operations of all Capital Investment Immigration Plan (CIIP) agents, VIMB Vanuatu has emerged as one of the few agents fully compliant with the new regulatory requirements. The company has been officially recognized as a premier Designated Agent for Vanuatu's Citizenship by Investment programs. The government-led review, conducted over several months, assessed agent compliance across financial reporting, investment integrity, and operational transparency. The resulting reforms have led to updated CIIP regulations that now govern how agents operate, including mandatory quarterly reporting, fund structure requirements, and stricter eligibility standards for applicants and service providers. VIMB Services Limited continues to serve global applicants through its administration of the CNO Future Fund—a government-approved investment vehicle supporting economic development in Vanuatu. Under the revised CIIP framework, VIMB remains one of the few approved firms authorized to operate at full capacity. 'The government review was a critical step in raising the bar for transparency and investor protection,' said Daniel Agius, Chief Operating Officer of VIMB Services Limited. 'We are proud to be recognized as a fully compliant agent and look forward to continuing our work in delivering structured, high-integrity investment citizenship.' The updated regulations require a minimum contribution of USD $165,000 for a main applicant, spouse, and two dependents, inclusive of government due diligence fees. This includes a USD $60,000 direct contribution to the government and a USD $50,000 investment into an approved fund, held for a five-year non-redeemable term. In addition, the rules now prohibit the use of loans or third-party financing, ensuring applicants provide their own capital. Since launching, VIMB has processed 144 CIIP applications, generating more than USD $7.2 million in fund contributions and USD $9.01 million in direct government revenue. Through the CNO Future Fund, these investments have supported infrastructure projects, renewable energy initiatives, and community development throughout Vanuatu. 'Our approach from the beginning was to build a program that could stand up to any level of scrutiny,' said Agius. 'We believe this recognition reflects our commitment to responsible citizenship investment and meaningful outcomes on the ground.' In 2024 and early 2025, VIMB's fund activities have included expanding coconut oil production infrastructure, introducing automated copra drying systems, restoring post-earthquake production capacity, and launching coconut water and meal exports. The company also facilitated logistics improvements, including the deployment of new transport vehicles and the creation of multiple aggregation hubs to streamline supply chains. As the CIIP program reopens under the revised framework, VIMB is preparing to scale its operations in line with growing demand. Planned investment expansions include engineered timber manufacturing from dormant coconut plantations, further development in the kava and cacao sectors, and the establishment of accredited agricultural processing centers. About VIMB Services Limited VIMB Services Limited is a government-appointed Designated Agent for Vanuatu's Citizenship by Investment Programs, including the Development Support Program (DSP) and the Capital Investment Immigration Plan (CIIP). VIMB administers the CNO Future Fund and delivers end-to-end services for investors seeking second citizenship through structured, government-approved contributions. With a focus on compliance, impact, and global mobility, VIMB supports initiatives in renewable energy, agriculture, and community development across Vanuatu. Contact Information: Daniel Agius VIMB Services Limited Email: info@ Website: A photo accompanying this announcement is available at in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
CNO Future Fund Relaunches as Vanuatu's Gold Standard CIIP Option
Photo Courtesy of: VIMB PORT VILA, Vanuatu, May 27, 2025 (GLOBE NEWSWIRE) -- The CNO Future Fund has officially relaunched under Vanuatu's revised Citizenship by Investment regulatory framework, reinforcing its role as the leading option under the Capital Investment Immigration Plan (CIIP). Operated by VIMB Services Limited, the Fund is one of the few fully compliant entities confirmed by the government following an extensive review of all CIIP agents. The regulatory amendments, now in effect, require a minimum contribution of USD $165,000 for a main applicant with spouse and two dependents, inclusive of government due diligence fees. This includes a USD $60,000 direct government fee and a USD $50,000 five-year redeemable investment into a designated, government-approved fund. In addition, all designated agents must now submit quarterly and annual investment reports, financial statements, and employment data as part of enhanced compliance and transparency standards. Daniel Agius, Managing Director of VIMB Services Limited and architect of the CNO Future Fund, welcomed the relaunch, emphasizing the fund's alignment with government reforms and long-term development goals. 'The CNO Future Fund was purpose-built to deliver transparent, high-impact investment outcomes,' said Agius. 'This relaunch validates our structure and reinforces investor confidence in both the fund and the program.' In its first full year of operation, the CNO Future Fund raised USD $6.25 million, which was deployed in strategic investments, and achieved 32.62% Net-Asset Value (NAV) growth, despite a severe earthquake in December 2024 that disrupted much of Port Vila's infrastructure. Seventy percent of the Fund's operations were restored by Q1 2025, with all damages fully insured and repair work underway. Key achievements include: 144 CIIP citizenship applications processed USD $8.2 million in direct government revenue generated 30% equity stake in Vanuatu Baskets, the country's leading coconut oil producer New coconut plantation acquired on Malekula Island to secure long-term supply Copra hubs established in Epi, Ambrym, Malekula, with expansion in the Santo islands Upgrades to the copra mill infrastructure, improving production and safety 230+ tons/month of CNO production capacity — enough to power 2MW of renewable energy Exports initiated to New Zealand and New Caledonia Four 7-ton trucks delivered to support rural logistics Over 55 new jobs created and 65+ rural bank accounts opened 'We're proud to be recognized not just for compliance, but for delivery,' Agius added. 'Our NAV performance and infrastructure investments are directly contributing to Vanuatu's energy independence and rural development.' The Fund has also advanced key national priorities, including support for Vanuatu's 2030 goal of 100% renewable energy generation. Ongoing negotiations with UNELCO and global partners explore the use of coconut oil biofuel for grid power and maritime use. Plans are in motion to install 2x1MW biofuel-powered generators, further establishing Vanuatu's renewable credentials. The Fund's upcoming value-adding investment focus includes transforming old coconut plantations into high-value timber products, expanding supply chain activity into the kava and cocoa sectors, developing land projects with accredited processing centers to support local communities and streamline agricultural exports and integrated end-use supply in the Agri-Tourism Sector. About VIMB Services Limited VIMB Services Limited is a government-appointed Designated Agent for Vanuatu's Citizenship by Investment Programs, including the Development Support Program (DSP) and the Capital Investment Immigration Plan (CIIP). Headquartered in Port Vila, Vanuatu with global reach, VIMB provides application processing, fund management, and project implementation services. Through the CNO Future Fund, VIMB channels investor capital into sustainable initiatives that support national development in renewable energy, agriculture, infrastructure, and community resilience. Contact Information: Daniel Agius VIMB Services Limited Email: info@ Website: A photo accompanying this announcement is available at in to access your portfolio
